Published on : May 25, 2017
Albany, New York, May 25, 2017: In recent years, Home theater systems have gained significant demand among the consumers. This is mainly due to the growing income levels of the population around the globe and the desire to spend more on entertainment solutions. With continuous improvements in the quality of equipment, consumers can enjoy an exclusive movie theater experience in the comfort of their own homes, which is becoming a major factor for the future growth of the market. To explore the overall market landscape and prospects, a new study has been analyzed and added to the massive repository of Market Research Hub (MRH), with a title of “EMEA (Europe, Middle East and Africa) Home Cinema Market Report 2017”. This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years.
The commonly used term ‘Home Theater’ mainly refers to an audio & video equipment setup in the home that tries to duplicate the movie theater experience. Home theater products include various components such as sound and display systems, media players, storage devices and theater-in-a-box systems. A majority of consumers are now keen to socialize more at home, both with families as well as friends. Rising prices for movie tickets has also led to consumers looking for home entertainment solutions. This trend has convinced the customers that spending in home cinema and speaker systems by making it valuable as they require creating a movielike experience at home.
Initially, the research report provides a detailed market overview of home cinema along with its classification and application. Additionally, the report presents the geographical expanse of the market which is split into Europe, the Middle East and Africa. In this section, the study analyzes the home cinema market in terms of sales, revenue, market share and growth rate for these regions, during the t period 2012 to 2022. Countries covered in the report are France, U.K., Italy, Russia, Germany, Benelux, Saudi Arabia, Israel, UAE and Iran, South Africa, Nigeria, Egypt and Algeria. As per the research key findings, the EMEA Home Cinema market has gained an impressive growth (Value in million) in 2016 and it is anticipated to reach more value growth by the end of 2022, at a positive double-digit CAGR during the forecast period of 2017 to 2022.
Moreover, the report segments the market on the basis of type and applications. By product type, it covers Commercial and Home Appliance. On the basis of end-users/ application, it includes HTIB (Home Theater in a Box) and Component System. For each segment, the report displays the sales volume, revenue, product price, market share and growth rate of the market.
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In the conclusion section of the study, the market competition among the top players is evaluated. They are as follows: Samsung, Vizio, Polk Audio, Yamaha, Philips, Sony, LG, Panasonic, Harman, Sharp, Sonos, Bose, JVC, Xiaomi, Canton, Edifier and Denon.
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