Q Acoustics 3020c

Hifiman

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Apr 17, 2020
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It does seem as if hifi retailers are chasing a shrinking market. I note the IBIS World report states ‘The market size of the Audio & Video Equipment Retailers industry in the UK has declined 3.6% per year on average between 2018 and 2023.’ This is especially concerning given this includes the covid period when people were in contrast increasing their discretionary spending on many other luxuries like watches and house moves. Perhaps it just reflects fewer under 50s being interested in hifi anymore.
Whatever the cause, the response of more and more companies (including QAcoustics) seems to be to try and wring more from remaining customers or to try to march upmarket with ridiculously expensive items. I cannot help but feel that this is not a sustainable long term strategy and could instead accelerate the decline, leaving the remaining market to innovative entrants like WiiM or alternatively to the likes of PMC’s recent value-for-money approach.
 
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