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Home Audio Equipment Trends and Forecast
The future of the global home audio equipment market looks promising with opportunities in the home theater in-a-box, home audio speaker and system, home radio markets. The global home audio equipment market is expected to reach an estimated $52.8 billion by 2030 with a CAGR of 9.6% from 2024 to 2030. The major drivers for this market are growing demand for high-quality audio experiences, rising popularity of streaming audio services, and expanding gaming market across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Home Audio Equipment by Segment
The study includes a forecast for the global home audio equipment by type, technology, distribution channel, and region.
Home Audio Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Home Theater in-a-Box
• Home Audio Speakers And Systems
• Home Radios
• Others
Home Audio Equipment Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Wired
• Wireless
Home Audio Equipment Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Online
• Offline
Home Audio Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Home Audio Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies home audio equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the home audio equipment companies profiled in this report include-
• Akai Electric
• Audio Partnership
• Bose Corporation
• Dolby Laboratories
• XPERI
• Harman International Industries
• Intex
Home Audio Equipment Market Insights
Lucintel forecasts that wireless will remain the larger segment over the forecast period due to rising popularity of smart home devices as it is more convenient to use and install, moreover it is also becoming more affordable.
Within this market, home theater in-a-box is expected to witness the highest growth as it is easy to set up and use.
APAC will remain the largest region during the forecast period due to the increasing demand for high-quality audio experiences, growing adoption of wireless audio technologies, and rising popularity of smart home devices.
Features of the Global Home Audio Equipment Market
Market Size Estimates: Home audio equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Home audio equipment market size by type, technology, distribution channel, and region in terms of value ($B).
Regional Analysis: Home audio equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, distribution channels, and regions for the home audio equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the home audio equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the home audio equipment market size?
Answer: The global home audio equipment market is expected to reach an estimated $52.8 billion by 2030.
Q.2 What is the growth forecast for home audio equipment market?
Answer: The global home audio equipment market is expected to grow with a CAGR of 9.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the home audio equipment market?
Answer: The major drivers for this market are growing demand for high-quality audio experiences, rising popularity of streaming audio services, and expanding gaming market across the globe.
Q4. What are the major segments for home audio equipment market?
Answer: The future of the home audio equipment market looks promising with opportunities in the home theater in-a-box, home audio speaker and system, home radio markets.
Q5. Who are the key home audio equipment market companies?
Answer: Some of the key home audio equipment companies are as follows:
• Akai Electric
• Audio Partnership
• Bose Corporation
• Dolby Laboratories
• XPERI
• Harman International Industries
• Intex
Q6. Which home audio equipment market segment will be the largest in future?
Answer: Lucintel forecasts that wireless will remain the larger segment over the forecast period due to rising popularity of smart home devices as it is more convenient to use and install, moreover it is also becoming more affordable.
Q7. In home audio equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region during the forecast period due to the increasing demand for high-quality audio experiences, growing adoption of wireless audio technologies, and rising popularity of smart home devices.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the home audio equipment market by type (home theater in-a-box, home audio speakers and systems, home radios, and others), technology (wired and wireless), distribution channel (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Home Audio Equipment Market, Home Audio Equipment Market Size, Home Audio Equipment Market Growth, Home Audio Equipment Market Analysis, Home Audio Equipment Market Report, Home Audio Equipment Market Share, Home Audio Equipment Market Trends, Home Audio Equipment Market Forecast, Home Audio Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Home Audio Equipment Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Home Audio Equipment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Home Audio Equipment Market by Type
3.3.1: Home Theater in-a-Box
3.3.2: Home Audio Speakers and Systems
3.3.3: Home Radios
3.3.4: Others
3.4: Global Home Audio Equipment Market by Technology
3.4.1: Wired
3.4.2: Wireless
3.5: Global Home Audio Equipment Market by Distribution Channel
3.5.1: Online
3.5.2: Offline
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Home Audio Equipment Market by Region
4.2: North American Home Audio Equipment Market
4.2.2: North American Home Audio Equipment Market by Technology: Wired and Wireless
4.3: European Home Audio Equipment Market
4.3.1: European Home Audio Equipment Market by Type: Home Theater in-a-Box, Home Audio Speakers and Systems, Home Radios, and Others
4.3.2: European Home Audio Equipment Market by Technology: Wired and Wireless
4.4: APAC Home Audio Equipment Market
4.4.1: APAC Home Audio Equipment Market by Type: Home Theater in-a-Box, Home Audio Speakers and Systems, Home Radios, and Others
4.4.2: APAC Home Audio Equipment Market by Technology: Wired and Wireless
4.5: ROW Home Audio Equipment Market
4.5.1: ROW Home Audio Equipment Market by Type: Home Theater in-a-Box, Home Audio Speakers and Systems, Home Radios, and Others
4.5.2: ROW Home Audio Equipment Market by Technology: Wired and Wireless
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Home Audio Equipment Market by Type
6.1.2: Growth Opportunities for the Global Home Audio Equipment Market by Technology
6.1.3: Growth Opportunities for the Global Home Audio Equipment Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Home Audio Equipment Market by Region
6.2: Emerging Trends in the Global Home Audio Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Home Audio Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Home Audio Equipment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Akai Electric
7.2: Audio Partnership
7.3: Bose Corporation
7.4: Dolby Laboratories
7.5: XPERI
7.6: Harman International Industries
7.7: Intex
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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