New Consumer Goods market report from Euromonitor International: "Home Audio and Cinema in Saudi Arabia"
Boston, MA -- (SBWIRE) -- 01/26/2015 -- A strong climate of consumer confidence, supported by increasing levels of disposable income amongst Saudis, led to increased spending on home audio and cinema in Saudi Arabia in 2014. Limited entertainment options outside the home means that Saudis have developed a culture of investing strongly in at home audio and cinema products, since it is in the home that most entertainment takes place. It is therefore common to find home cinemas with sophisticated sound equipment in many homes in the Kingdom. It is therefore a natural progression that higher levels of disposable income should translate directly into more spending on home audio and cinema products.
Home audio and cinema is set to increase by a retail volume CAGR of 4% over the forecast period 2013-2018, in contrast to a review period CAGR of 3%. The prediction of an increase in the growth rate over the forecast period reflects an anticipated strong economic climate over this period, which will be characterised by rising levels of disposable income and the continued growth in the population; these factors combined should lead to a rise in the demand for home audio and cinema products, as consumers seek to continue to equip their homes with the latest, most up-to-date electronic gadgets. Home cinema and speaker systems is therefore expected to lead growth, with a forecast retail volume CAGR of 5%, as integrated home entertainment systems and gadgets offering high definition sound continue to grow in popularity.
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Discover the latest market trends and uncover sources of future market growth for the Home Audio and Cinema industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.
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If you're in the Home Audio and Cinema industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Home Audio and Cinema in Saudi Arabia 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 Saudi Arabia?
- What are the major brands in Saudi Arabia?
- What is the growth rate for Home Cinema and Speaker Systems?
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