Home Audio Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?