Skyrocketing Entertainment Costs Encourage Consumers to Invest in Home Theatre Systems
Transparency
Market Research presents a detailed analysis of the global home
theatre market. The research report, titled “Home Theatre Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2016 - 2023,” provides an analysis of the historical data and its
comparison to the present-day market situation to map the trajectory
of the market for the coming years. The report also includes Porter’s
five forces analysis for identifying the threat of new entrants, the
bargaining power of suppliers, the intensity of competitive rivalry,
and the bargaining power of customers. To determine the impact of the
strengths, weaknesses, opportunities, and threats the researchers
have used SWOT analysis.
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In
the past few years, the home theatre market has gained an accelerated
momentum due to a burgeoning demand from consumers. The growth of
this market is attributable to the increasing disposable incomes of
the global population, which is ushering them to spend more on
various entertainment solutions. The global home theatre market
includes storage devices, sound and display systems, media players,
and theater-in-a-box systems. Furthermore, the introduction of
large-sized televisions with high screen resolution is also
propelling this market. The technological improvements in equipment
quality and enhanced consumer experience of viewing theatre-like
audio-visuals within the confines of their own homes are also
boosting this market. The ongoing trend of video playback is also
contributing towards the growth of this market.
According
to researchers, as a growing number of consumers are showing a
preference for entertaining at home and socializing indoors, they are
lending a huge impetus to the global home theatre market. The
skyrocketing prices of movie tickets are also making consumers choose
home theatre systems over buying movie tickets and other entrainment
options. In the coming years, the desire to have a cinematic
experience at home will help this market expand by leaps and bounds.
Furthermore, the demand from developing countries such as India,
China, and Brazil will also help this market evolve into a successful
one in the foreseeable future.
Full
Report is Available at : http://bit.ly/20WMDhy
Some
of the players in the home theater market are Bowers & Wilkins
Company, JBL Corporation, Akai Electronics Company, Samsung
Electronics, Bose Corporation, Boston Acoustics, Creative
Technologies, Ltd., Sony Corporation, LG Corporation, Panasonic
Corporation, Philips Electronics NV, and Sanyo Electric Co.
The
research report profiles these players to explain the competitive
landscape in the global home theatre market along with explaining the
regulatory framework impacting the overall market. Additionally, the
research report also provides an insight into the financial overview,
investment outlook, research and development activities, business and
marketing strategies, strategic mergers and acquisitions, and
expansion plans of these top players in the overall home theatre
market.
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