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What is Home Audio and Cinema in India about?

The home audio and cinema market in India is experiencing a decline, with retail volume sales decreasing by 9% in 2023, attributed to macroeconomic factors and changing consumer preferences. Sony India Pvt Ltd leads the market with a 52% share, while the overall market is expected to continue declining at a CAGR of 7% over the forecast period. Despite the decline, there is a growing trend among affluent consumers investing in high-quality audio products to enhance their home entertainment experience.

Author

Shoaib

Language

EN