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PUBLISHER: The Business Research Company | PRODUCT CODE: 1274601

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1274601

Home Audio Equipment Global Market Report 2023

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PAGES: 250 Pages
DELIVERY TIME: 2-10 business days
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“Home Audio Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on home audio equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for home audio equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The home audio equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

  • 1) By Product Type: Speakers; Headphones; Amplifiers; Receivers; DACS; Phono Pre-amp; Turntables; CD Players; Digital Music Streamers; Other Product Type
  • 2) By Connectivity: Wired; Wireless
  • 3) By Price: Low; Medium; High
  • 4) By Distribution Channel: Online; Offline
  • 5) By Application: TV; Computers; Other Applications
  • Companies Mentioned: Sony Corporation; Pioneer Corporation; Nakamichi Corporation; Bose Corporation; Panasonic Corporation
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the home audio equipment market are Sony Corporation, Pioneer Corporation, Nakamichi Corporation, Bose Corporation, Panasonic Corporation, JVC KENWOOD Holdings Inc., Koninklijke Philips Electronics NV, LG Electronics, Bowers and Wilkins Group Ltd., Sharp Corporation, Onkyo, Sanyo Electric Co., Dolby Laboratories Inc., Akai Electric Co., DTS Inc., Samsung Electronics Co Ltd., and Blaupunkt GmbH.

The global home audio equipment market is expected to grow from $33.95 billion in 2022 to $37.88 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The home audio equipment market is expected to reach $58.13 billion in 2027 at a CAGR of 11.3%.

The home audio equipment market consists of sales of hi-fi and home audio speakers, multimedia speaker systems, soundbar speakers, tower speakers, and Bluetooth speakers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Home audio equipment refers to electrical devices used to play or record sound at home. These are the devices that reproduce, record, or process sound.

Asia-Pacific was the largest region in the Home Audio Equipment market in 2022. The regions covered in home audio equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of home audio equipment are speakers, headphones, amplifiers, receivers, digital-to-analog converters (DACs), phono pre-amp, turntables, cd players, digital music streamers, and other product types. Speakers refer to one of the most common audio devices that connect to a virtual machine to generate sound. The various connectivity types include wired, and wireless with various prices such as low, medium, and high. These devices are distributed through various distribution channels such as online, and offline and are used in various applications such as tv, computers, and other applications.

The growing number of smart homes is expected to propel the growth of the home audio equipment market going forward. Smart homes are homes that are equipped with various smart home devices with a convenient home setup where appliances and devices can be automatically controlled remotely from anywhere with an internet connection using mobile or other networked devices. People are showing interest in the adoption of smart home devices for opting various luxurious benefits such as smart technological comforts, and easy access to the devices, as a result, there is an increases the demand for home audio equipment. For instance, in 2023, according to an article published in Oberlo, a drop shipping app, the number of households using smart home devices increased from 57.4 million households in 2022 to over 60.4 million households in 2023, which was 3% more than in 2022. Therefore, the growing number of smart homes drives the home audio equipment market.

Product innovations are a key trend gaining popularity in the home audio equipment market. Major companies operating in the market are introducing innovative products to sustain their position in the home audio equipment market. For instance, in October 2022, Rode, an Australian-based manufacturer of high-quality microphones and audio equipment launched Rode X, a new audio hardware and software division including three products such as two new microphones and Unify designed for streaming and gaming. The Unify software is a virtual mixing solution that allows users to mix up to four USB microphones and up to six virtual audio sources through a single interface that can remove background noise and also improve the quality of audio using noise gates, high-pass filters, and compressors.

In April 2022, Sonos, Inc., a US-based manufacturer of audio products, acquired Mayht Holding BV (Mayht) for an undisclosed amount. This acquisition is expected to give more incredible technology and intellectual property that would further distinguish the Sonos experience, and enhance competitive advantage by expanding its audio portfolio. Mayht Holding BV (Mayht) is a Netherlands-based developer of innovative solutions for audio transducers.

The countries covered in the home audio equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The home audio equipment market research report is one of a series of new reports from The Business Research Company that provides home audio equipment market statistics, including home audio equipment industry global market size, regional shares, competitors with a home audio equipment market share, detailed home audio equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the home audio equipment industry. This home audio equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r6586

Table of Contents

1. Executive Summary

2. Home Audio Equipment Market Characteristics

3. Home Audio Equipment Market Trends And Strategies

4. Home Audio Equipment Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Home Audio Equipment Market
  • 4.2. Ukraine-Russia War Impact On Home Audio Equipment Market
  • 4.3. Impact Of High Inflation On Home Audio Equipment Market

5. Home Audio Equipment Market Size And Growth

  • 5.1. Global Home Audio Equipment Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Home Audio Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Home Audio Equipment Market Segmentation

  • 6.1. Global Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Speakers
  • Headphones
  • Amplifiers
  • Receivers
  • Digital-To-Analog Converter(DACS)
  • Phono Pre-amp
  • Turntables
  • CD Players
  • Digital Music Streamers
  • Other Product Type
  • 6.2. Global Home Audio Equipment Market, Segmentation By Connectivity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Wired
  • Wireless
  • 6.3. Global Home Audio Equipment Market, Segmentation By Price, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Low
  • Medium
  • High
  • 6.4. Global Home Audio Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Online
  • Offline
  • 6.5. Global Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • TV
  • Computers
  • Other Applications

7. Home Audio Equipment Market Regional And Country Analysis

  • 7.1. Global Home Audio Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Home Audio Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Home Audio Equipment Market

  • 8.1. Asia-Pacific Home Audio Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Home Audio Equipment Market

  • 9.1. China Home Audio Equipment Market Overview
  • 9.2. China Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Home Audio Equipment Market

  • 10.1. India Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Home Audio Equipment Market

  • 11.1. Japan Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Home Audio Equipment Market

  • 12.1. Australia Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Home Audio Equipment Market

  • 13.1. Indonesia Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Home Audio Equipment Market

  • 14.1. South Korea Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Home Audio Equipment Market

  • 15.1. Western Europe Home Audio Equipment Market Overview
  • 15.2. Western Europe Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Home Audio Equipment Market

  • 16.1. UK Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Home Audio Equipment Market

  • 17.1. Germany Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Home Audio Equipment Market

  • 18.1. France Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Home Audio Equipment Market

  • 19.1. Eastern Europe Home Audio Equipment Market Overview
  • 19.2. Eastern Europe Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Home Audio Equipment Market

  • 20.1. Russia Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Home Audio Equipment Market

  • 21.1. North America Home Audio Equipment Market Overview
  • 21.2. North America Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Home Audio Equipment Market

  • 22.1. USA Home Audio Equipment Market Overview
  • 22.2. USA Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Home Audio Equipment Market

  • 23.1. South America Home Audio Equipment Market Overview
  • 23.2. South America Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Home Audio Equipment Market

  • 24.1. Brazil Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Home Audio Equipment Market

  • 25.1. Middle East Home Audio Equipment Market Overview
  • 25.2. Middle East Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Home Audio Equipment Market

  • 26.1. Africa Home Audio Equipment Market Overview
  • 26.2. Africa Home Audio Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Home Audio Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Home Audio Equipment Market Competitive Landscape And Company Profiles

  • 27.1. Home Audio Equipment Market Competitive Landscape
  • 27.2. Home Audio Equipment Market Company Profiles
    • 27.2.1. Sony Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Pioneer Corporation
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Nakamichi Corporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Bose Corporation
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Panasonic Corporation
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Home Audio Equipment Market

29. Home Audio Equipment Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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