Home Audio and Cinema in Nigeria

July 2024 | 17 pages | ID: HE7057366AFEN
Euromonitor International Ltd

Abstracts

In 2024, home audio and cinema systems in Nigeria is significantly affected by inflationary pressures. Most consumers are directing their resources towards essential goods, leading to a pronounced decline in demand for home audio and cinema systems as purchasing power is eroded. As a result, consumer focus on luxury products has diminished, with only a few high-end consumers able to afford home audio and cinema systems. This shift towards spending on essentials has markedly impacted the product...

Euromonitor International's Home Audio and Cinema in Nigeria report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Product coverage: Audio Separates, Digital Media Player Docks, Hi-Fi Systems, Home Cinema and Speaker Systems, Other Home Audio and Cinema, Speakers.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Home Audio and Cinema market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Home Audio and Cinema in Nigeria
Euromonitor International
July 2024

LIST OF CONTENTS AND TABLES

HOME AUDIO AND CINEMA IN NIGERIA
KEY DATA FINDINGS

2024 DEVELOPMENTS

Inflationary pressures affect home audio and cinema systems
LG maintains leadership amidst challenges
Technological advancements influence consumer preferences
PROSPECTS AND OPPORTUNITIES
Overall decline expected in home audio and cinema
Emergence of cheaper alternative brands
In-store retail dominance to continue
CATEGORY DATA
Table 1 Sales of Home Audio and Cinema by Category: Volume 2019-2024
Table 2 Sales of Home Audio and Cinema by Category: Value 2019-2024
Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2019-2024
Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2019-2024
Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2020-2024
Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2021-2024
Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2020-2024
Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2024-2029
Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2024-2029
Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2024-2029
Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2024-2029
CONSUMER ELECTRONICS IN NIGERIA
EXECUTIVE SUMMARY
Consumer electronics in 2024: The big picture

2024 KEY TRENDS

Competitive landscape
Retailing developments
What next for consumer electronics?
MARKET DATA
Table 12 Sales of Consumer Electronics by Category: Volume 2019-2024
Table 13 Sales of Consumer Electronics by Category: Value 2019-2024
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2019-2024
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2019-2024
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2020-2024
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2021-2024
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2019-2024
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2024-2029
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2024-2029
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2024-2029
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources