PUBLISHER: Grand View Research | PRODUCT CODE: 1092592
PUBLISHER: Grand View Research | PRODUCT CODE: 1092592
Stand-Alone Radio Receivers Market Size, Share & Trend Analysis Report, By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028
Stand-Alone Radio Receivers Market Growth & Trends:
The global stand-alone radio receivers market size is expected to reach USD 300.51 million by 2028, registering a CAGR of 1.2% during the forecast period, as per a new report by Grand View Research, Inc. The rising middle-class population in emerging nations such as China, India, and Brazil is driving the demand for stand-alone radio receiver devices. Major players operating in the stand-alone radio receiver industry are focusing on developing easy-to-use and high-performing devices due to steady demand from the consumer side.
The increasing consumer spending and disposable income are driving the growth of the market for stand-alone radio receivers during the forecast period. This industry has progressed substantially over the last few years due to various novel technological advancements. The emergence of the latest devices and technological spread is anticipated to be the major driving factor for the growth during the forecast period. However, the increasing adoption of technologically advanced radio receivers has led to lower sales of traditional standalone receivers, which is estimated to pose a threat and challenge to the market growth.
The impact of the COVID-19 pandemic on the standalone radio receiver market is short-term, as only the manufacturing and supply chain is delayed. As the situation improves, manufacturing, supply chains, as well as demand for stand-alone radio receivers are expected to witness a surge. The COVID-19 lockdown would help firms to think about further advancements in stand-alone radio receivers to increase efficiency.
Several governments are taking initiatives and reforms in energy-effective consumer electronics, which has resulted in a remarkable impact on the market for stand-alone radio receivers. Stringent regulations are being implemented in North America related to energy efficiency. This industry faces numerous challenges due to supply-related delays, changing consumer preferences, and production disorders.
This market is at an inflection point in terms of product development and manufacturing. In order to meet future challenges, the planning of the conventional supply chain is not satisfactory. Therefore, to cope with the ever-evolving customer preferences, shrinking margins, and intense competition, the OEMs are focusing on constructing a well-organized supply chain.
The offline distribution channel segment contributed to the highest share of over 83% of the global market revenue in 2021. The offline segment includes hypermarkets, conventional stores, specialty stores, supermarkets, independent retail stores, etc. The mounting organized retail sector in developing economies such as China, Malaysia, and Japan is anticipated to augment the demand for stand-alone radio receiver products in the coming years. Thus, all these factors are expected to boost the growth of this segment during the forecast period.
North America held the majority of the industry share of over 60% in 2021, owing to the high radio reach into this population. Over the half of world's radio receiver product revenue is generated from North America as the majority of the radio listeners are present in this region. Furthermore, the steady sales of stand-alone radio receiver products are propelling the growth of this market. A high concentration of the working population, coupled with higher disposable income in Canada and the U.S., is further anticipated to fuel the market growth.
Stand-Alone Radio Receivers Market Report Highlights:
- Asia Pacific is expected to register the fastest growth of 2.6% from 2022 to 2028, owing to the rising demand for radio receivers in developing countries, including India and China
- North America dominated the market by contributing over 60% of the global revenue in 2021, due to the rising adoption of radio receivers among millennials in this region
- The offline distribution channel segment held the largest share in 2021, contributing to over 83% of the overall revenue, owing to the growth of the organized retail sales sector all over the world
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Distribution Channels & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Information & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Distribution Channel Outlook
- 2.3. Competitive Insights
Chapter 3. Stand-Alone Radio Receivers Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
- 3.6. Roadmap of Stand-Alone Radio Receivers Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Product Type Adoption
- 4.4. Observations & Recommendations
Chapter 5. Stand-Alone Radio Receivers Market: Distribution Channel Estimates & Trend Analysis
- 5.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2028 (USD Million)
- 5.2. Offline
- 5.2.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 5.3. Online
- 5.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
Chapter 6. Stand-Alone Radio Receivers Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share 2021 & 2028
- 6.2. North America
- 6.2.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.2.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.2.3. U.S.
- 6.2.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.2.3.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.3. Europe
- 6.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.3.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.3.3.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.3.4. UK
- 6.3.4.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.3.4.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.3.5. France
- 6.3.5.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.3.5.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.4.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.4.3. China
- 6.4.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.4.3.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.4.4.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.5.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.5.3. Brazil
- 6.5.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.5.3.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.6.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. Market Estimates and Forecast 2017 - 2028 (USD Million)
- 6.6.3.2. Market Estimates and Forecast, By Distribution Channel 2017 - 2028 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Key Global Players, Recent Developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 7.3. Vendor Landscape
- 7.3.1. Key Company Market Share Analysis 2021
Chapter 8. Company Profiles
- 8.1. Sony
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Panasonic
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Philips
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Bose
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Roberts Radio
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Tivoli Audio
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Ruark Audio
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
List of Tables
- 1. Stand - Alone Radio Receivers Market - Key Market Driver Analysis
- 2. Stand - Alone Radio Receivers Market - Key Market Restraint Analysis
- 3. Global Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 4. North America Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 5. North America Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 6. U.S. Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 7. U.S. Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 8. Europe Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 9. Europe Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 10. Germany Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 11. Germany Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 12. UK Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 13. UK Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 14. France Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 15. France Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 16. Asia Pacific Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 17. Asia Pacific Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 18. China Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 19. China Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 20. Japan Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 21. Japan Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 22. Central & South America Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 23. Central & South America Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 24. Brazil Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 25. Brazil Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 26. Middle East & Africa Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 27. Middle East & Africa Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 28. South Africa Stand-Alone Radio Receivers Market Estimates and Forecast 2017 - 2028 (USD Million)
- 29. South Africa Stand-Alone Radio Receivers Market Estimates and Forecast By Distribution Channel 2017 - 2028 (USD Million)
- 30. Vendor Landscape
List of Figures
- Fig. 1 Stand-Alone Radio Receivers Market Snapshot
- Fig. 2 Stand-Alone Radio Receivers Market Segmentation & Scope
- Fig. 3 Stand-Alone Radio Receivers Market Penetration & Growth Prospect Mapping
- Fig. 4 Stand-Alone Radio Receivers Market Value Chain Analysis
- Fig. 5 Stand-Alone Radio Receivers Market Dynamics
- Fig. 6 Stand-Alone Radio Receivers Market: Porter's Five Forces Analysis
- Fig. 7 Stand-Alone Radio Receivers Market: Distribution Channel Movement Analysis
- Fig. 8 Stand-Alone Radio Receivers Market: Regional Movement Analysis
