Home Audio and Cinema in the Philippines

July 2023 | 19 pages | ID: HED11B53323EN
Euromonitor International Ltd

Abstracts

Home audio and cinema witnessed a steep decline in retail volume terms in 2022 with this pattern continuing into 2022. Despite seeing stronger GDP growth in 2022 and 2023 there remains a high degree of economic uncertainty in the Philippines due to high inflation and the lingering effects of the pandemic. This is having a negative impact on demand for home audio and cinema as these products are generally seen as a luxury by most of the population and consumers who purchase these products are mos...

Euromonitor International's Home Audio and Cinema in Philippines 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 THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Home audio and cinema continues to struggle as economic pressures and questions of relevance put downward pressure on sales
Soundbars brings some positivity to the category as consumers look to enhance their home entertainment experience
Top five players compete closely with a strong focus on quality
PROSPECTS AND OPPORTUNITIES
Home audio and cinema likely to come under pressure as consumers start to question the necessity of investing in these products
E-commerce will be key for future sales
Innovation in soundbars will be crucial to remaining competitive
CATEGORY DATA
Table 1 Sales of Home Audio and Cinema by Category: Volume 2018-2023
Table 2 Sales of Home Audio and Cinema by Category: Value 2018-2023
Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2018-2023
Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2019-2023
Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2020-2023
Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2019-2023
Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2023-2028
Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2023-2028
Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2023-2028
Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2023-2028
CONSUMER ELECTRONICS IN THE PHILIPPINES
EXECUTIVE SUMMARY
Consumer electronics in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
MARKET DATA
Table 12 Sales of Consumer Electronics by Category: Volume 2018-2023
Table 13 Sales of Consumer Electronics by Category: Value 2018-2023
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2018-2023
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2018-2023
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2019-2023
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2020-2023
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2018-2023
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2023-2028
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2023-2028
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2023-2028
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources