I'd say that affordable class D amps is one of the things changing the market, but not the only one.
First, there's the reduced number of sources. Couple of decades ago it was usual to have a vinyl player, a cassette player, a tuner, and maybe even a reel-to-reel tape player. Then CD players came, and for some of us it replaced maybe one or two of the old sources, but for some, it was yet another source. So we needed an amplifier/receiver with lots of inputs. Now the kids need only one or two inputs - usb and/or wifi. The old style amp/receiver with all those inputs is now unnecessary big box with lots of unnecessary stuff in it.
The important thing about class D amps may not be so much their usage as stand alone amplifiers, but the convenience they provide when creating high quality small active speakers at reasonable price. This, combined with the development of wireless digital technology and DSP , has lead to a situation where traditional large floorstanding passive speakers are becoming niche products, as the new generation small speakers and headphones can offer sound quality that fulfills the expectations of 99% of the consumers.