Boston, MA -- (SBWIRE) -- 10/30/2014 -- Home audio and cinema continued its declining trend and recorded a 2% decrease in retail volume sales in 2014. This is largely owing to the relatively long replacement cycle, which was as around 56 months in 2014 according to Euromonitor International?s socioeconomic data. Moreover, the adoption rate of new products amongst households was limited due to consumers? preference for home video products rather than home audio and cinema products in China. This is largely because songs can be easily downloaded from the internet and enjoyed via computers and mobile phones, which has pressured the development of home audio and cinema market.

Industry Prospects

Retail volume sales of home audio and cinema are set to decline at a CAGR of 3% over the forecast period in China, registering a fall in growth rate compared to the CAGR of -2% over review period, due to consumers? sluggish demands for both new purchases and replacements. There will barely be products that can save the total market from declining over the forecast period except for digital media player docks. However, the consumer base of digital media player docks is rather small. In addition, the relatively long replacement cycle of home audio and cinema products will also restrain volume growth over the forecast period.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Home Audio and Cinema industry in China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Home Audio and Cinema industry in China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Home Audio and Cinema in China market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth  
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Home Audio and Cinema in China?
- What are the major brands in China?
- What is the growth rate for Home Cinema and Speaker Systems?

Reasons to Get this Report:

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

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