The global home audio equipment market is expected to grow from USD 22.12 billion in 2019 to USD 33.18 billion by 2027, at a CAGR of 5.2% during the forecast period 2020-2027.
Home audio equipment is a consumer electronics device used for entertainment purposes. They include soundbars, theatre systems, and DVD players. The equipment can be easily connected to televisions, laptop, projectors etc. It helps to recreate the movie theatre experience at home.
The high-tech features available in the equipment such as noise cancellation, bluetooth connectivity, lightweight, compact etc. has increased its demand globally. The other associated technologies include Blu-ray players, A/V receivers, home theatre in a box, speaker bars, and wireless speakers. The increase in disposable incomes of people has increased the demand for home theatres and led the manufacturers to focus on improved audio quality and high-performance home theatres. The increasing applications of IoT and higher device connectivity and integration will boost the market growth.
This study delivers a comprehensive analysis of product, technology, price range, and regions. On the basis of product, the market can be divided into soundbar, speaker, home radio, receiver, and home theatre in a box (HTIB). The speakers segment is expected to dominate the market during the forecast period. The rapid technological advancements and enhanced compatibility of the devices is expected to drive the market growth. The rising prevalence of high-tech television sets with less focus on audio quality and affordable prices is expected to fuel the market growth. On the basis of technology, the market can be divided into wired and wireless. The wireless devices are expected to dominate the market during the forecast period. Better connectivity and ease of use of the technology is expected to drive market growth. On the basis of the price range, the market can be divided into high [over USD 1000], moderate [USD 500 – USD 1000], and low [less than USD 500]. The high price range segment is expected to portray the highest growth rate during the forecast period. The increasing focus of the consumers on high-quality audio, especially in the developed economies, has increased the demand for products of high price range.
The market for home audio equipment has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Europe is expected to dominate the market during the forecast period. North America is expected to witness the highest growth rate during the forecast period. The rising prevalence of cloud technology has increased the utilisation of online music platforms like Amazon Music, Spotify, Google Play Music etc. The Asia-Pacific region will also show considerable growth rate due to large hardware manufacturers, low-cost manufacturing and rising penetration of smartphones.
Some of the leading market players include AKG, Acoustic Research, Bose Corporation, Bowers & Wilkins, Audio partnership PLC., LG Electronics, Pioneer Corporation, Mark Levinson, Polk Audio, Klipsch Group, Philips, and Yamaha. The market is characterised by high fragmentation with a large number of players.
Global Home Audio Equipment Market Analysis And Forecast, By Product
Global Home Audio Equipment Market Analysis And Forecast, By Technology
Global Home Audio Equipment Market Analysis And Forecast, By Price Range
Global Home Audio Equipment Market Analysis And Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By Price Range
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing consumer demand for high-performance home theatre experience
5.3. Restraints
5.3.1. Rise in unit sales of flat-panel HD TVs as a result of falling prices
5.4. Opportunities
5.4.1. Rise in demand for portable audio equipment that has the capability to stream high-quality audio content from the internet and integrate USB drives
5.5. Challenges
5.5.1. Advancement in digital technology with changing media options from conventional to modern systems
6. Global Home Audio Equipment Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Soundbar
6.3. Speaker
6.4. Home Radio
6.5. Receiver
6.6. Home Theatre in a Box (HTIB)
7. Global Home Audio Equipment Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Wired
7.3. Wireless
8. Global Home Audio Equipment Market Analysis and Forecast, By Price Range
8.1. Segment Overview
8.2. High [over USD 1000]
8.3. Moderate [USD 500 – USD 1000]
8.4. Low [less than USD 500]
9. Global Home Audio Equipment Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Home Audio Equipment Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Home Audio Equipment Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Technology Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. AKG
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Acoustic Research
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Bose Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Bowers & Wilkins
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Audio partnership PLC.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. LG Electronics
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Pioneer Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Mark Levinson
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Polk Audio
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Klipsch Group
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Philips
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Yamaha
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
2. Global Soundbar, Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
3. Global Speaker, Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
4. Global Home Radio, Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
5. Global Receiver, Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
6. Global Home Theatre in a Box (HTIB), Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
7. Global Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
8. Global Wired, Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
9. Global Wireless, Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
10. Global Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
11. Global High [over USD 1000], Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
12. Global Moderate [USD 500 – USD 1000], Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
13. Global Low [less than USD 500], Home Audio Equipment Market, By Region, 2017-2027 (USD Billion) (K Units)
14. North America Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
15. North America Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
16. North America Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
17. U.S. Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
18. U.S. Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
19. U.S. Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
20. Canada Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
21. Canada Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
22. Canada Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
23. Mexico Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
24. Mexico Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
25. Mexico Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
26. Europe Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
27. Europe Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
28. Europe Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
29. Germany Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
30. Germany Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
31. Germany Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
32. France Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
33. France Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
34. France Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
35. U.K. Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
36. U.K. Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
37. U.K. Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
38. Italy Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
39. Italy Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
40. Italy Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
41. Spain Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
42. Spain Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
43. Spain Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
44. Asia Pacific Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
45. Asia Pacific Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
46. Asia Pacific Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
47. Japan Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
48. Japan Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
49. Japan Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
50. China Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
51. China Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
52. China Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
53. India Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
54. India Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
55. India Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
56. South America Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
57. South America Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
58. South America Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
59. Brazil Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
60. Brazil Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
61. Brazil Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
62. Middle East and Africa Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
63. Middle East and Africa Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
64. Middle East and Africa Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
65. UAE Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
66. UAE Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
67. UAE Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
68. South Africa Home Audio Equipment Market, By Product, 2017-2027 (USD Billion) (K Units)
69. South Africa Home Audio Equipment Market, By Technology, 2017-2027 (USD Billion) (K Units)
70. South Africa Home Audio Equipment Market, By Price Range, 2017-2027 (USD Billion) (K Units)
List of Figures
1. Global Home Audio Equipment Market Segmentation
2. Global Home Audio Equipment Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Home Audio Equipment Market Attractiveness Analysis By Product
9. Global Home Audio Equipment Market Attractiveness Analysis By Technology
10. Global Home Audio Equipment Market Attractiveness Analysis By Price Range
11. Global Home Audio Equipment Market Attractiveness Analysis By Region
12. Global Home Audio Equipment Market: Dynamics
13. Global Home Audio Equipment Market Share by Product (2020 & 2027)
14. Global Home Audio Equipment Market Share by Technology (2020 & 2027)
15. Global Home Audio Equipment Market Share by Price Range (2020 & 2027)
16. Global Home Audio Equipment Market Share by Regions (2020 & 2027)
17. Global Home Audio Equipment Market Share by Company (2019)
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