According to a market report by Lucintel, the future of the home theater market in the US looks promising with opportunities in the supermarkets/hypermarkets, department stores, and e-retail markets. The major drivers for this market are increasing urbanization, growth in per capita income, increasing adoption of smart home, and consumer preference towards home entrainment and theater system than from movie theater.
In this market, home theater in a box system, sound bar, and component system are the major product types. Home theater in a box system is the largest segment because home theater system includes components like surround sound speakers, DVD/CD player, radio tuner, remote control, and cable accessories. This complete system provides the experience of going to a movie theater by providing theater-like sound at home.
E-retail is expected to witness the highest growth over the forecast period due to the convenience of shopping, availability of different types of products, online offers and discounts, and door step delivery.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the home theater market in the US by product type and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Home Theater Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the home theater market in the US by product type and distribution channel product type as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Home Theater in a Box System
Sound Bar
Component System
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
Supermarkets/Hypermarkets
Department Stores
E-retailers
Others
This more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/United-States/opportunities-for-the-home-theater.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.