I think this is true but the demand for transports is still there. CD and SACD playback has a big advantage over streaming: the user controls the selection of the mastering and hence the sound quality to some extent.
And ownership, physical contact and ritual of handling the media. For me , it is still much more comfortable to pick something in my CD collection than selecting music in the 70 millions recordings of Qobuz.
But surely CD handling was more ritualistic with the impressive Forsell CD toaster than with the dCS drawer transport.
Some will say that the frisson of knowing if the gas spring rod was operating properly or not also added emotion to the ceremony ...