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Home Audio and Cinema in Nigeria

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    Report

  • 18 Pages
  • August 2022
  • Region: Nigeria
  • Euromonitor International
  • ID: 4372222
The overall home audio and cinema retail volume sales will record a marginal decline in 2022 as the difficult economic conditions and rising prices reduce consumer demand. The decline is being driven by hi-fi systems and speakers, both of which will record a double-digit volume decline. However, the largest category, home cinema and speaker systems will record small growth.

The 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.

Table of Contents

HOME AUDIO AND CINEMA IN NIGERIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Small growth in home cinema and speaker systems as affluent consumers invest in home theatre spaces to watch films
  • In a difficult economic environment, lower-priced brands gain ground
  • Distribution landscapes normalises with appliance and electronics specialists remaining the vastly dominant channel
PROSPECTS AND OPPORTUNITIES
  • Return to growth will be driven by young tech savvy adults purchasing home cinema and speaker systems
  • Growing popularity of smartphones will continue to weigh heavily on demand growth for home audio and cinema
  • Existing brands to come under mounting pressure from cheaper Chinese brands
CATEGORY DATA
  • Table 1 Sales of Home Audio and Cinema by Category: Volume 2017-2022
  • Table 2 Sales of Home Audio and Cinema by Category: Value 2017-2022
  • Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2017-2022
  • Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2017-2022
  • Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2018-2022
  • Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2019-2022
  • Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2018-2022
  • Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2022-2027
  • Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2022-2027
  • Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2022-2027
  • Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2022-2027
CONSUMER ELECTRONICS IN NIGERIA
EXECUTIVE SUMMARY
  • Consumer electronics in 2022: The big picture
  • 2022 key trends
  • Competitive landscape
  • Retailing developments
  • What next for consumer electronics?
MARKET DATA
  • Table 12 Sales of Consumer Electronics by Category: Volume 2017-2022
  • Table 13 Sales of Consumer Electronics by Category: Value 2017-2022
  • Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2017-2022
  • Table 15 Sales of Consumer Electronics by Category: % Value Growth 2017-2022
  • Table 16 NBO Company Shares of Consumer Electronics: % Volume 2018-2022
  • Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2019-2022
  • Table 18 Distribution of Consumer Electronics by Channel: % Volume 2017-2022
  • Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2022-2027
  • Table 20 Forecast Sales of Consumer Electronics by Category: Value 2022-2027
  • Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2022-2027
  • Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources