Home Audio Equipment Market by Type and Geography - Forecast and Analysis 2021-2025
- Published: Dec 2021
- Pages: 120
- SKU: IRTNTR71735
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The home audio equipment market share is expected to increase by USD 14.39 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.76%.
This home audio equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers home audio equipment market segmentation by type (smart speakers, home theater systems, and sound bars) and geography (North America, Europe, APAC, South America, and MEA). The home audio equipment market report also offers information on several market vendors, including Apple Inc., Bose Corp., Koninklijke Philips NV, Kripa Electronics India Pvt. Ltd., LG Electronics Inc., Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Toshiba Corp. among others.
What will the Home Audio Equipment Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Home Audio Equipment Market Size for the Forecast Period and Other Important Statistics
Home Audio Equipment Market: Key Drivers and Challenges
The rise in disposable income is notably driving the home audio equipment market growth, although factors such as easy availability of counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the home audio equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Home Audio Equipment Market Driver
The rise in consumer disposable income globally will drive the home audio equipment market as it increases the purchasing power of consumers, allowing them to opt for products, which were previously beyond their means. In developed countries, such as the US, household income has been increasing on a yearly basis and not impacted by the decline in the earnings growth rate. The spending capability in emerging nations has also increased with the rise in income levels. With young demographics, rising disposable incomes, improved education, and rapid economic growth, India exhibits a high potential consumer market. High-end audio devices have become affordable for a greater proportion of the population of the emerging nations with the increase in disposable incomes. Rapid economic growth and the increasing purchasing power in emerging markets, such as China and India, have encouraged vendors to focus on capturing these markets.
Key Home Audio Equipment Market Challenge
The ease of availability of counterfeit products in the global home audio equipment market will be a major challenge during the forecast period. Many unauthorized dealers market and sell fake or impersonated products of reputed brands, such as Sony, JBL, and SAMSUNG. Several vendors offer tutorials and provide blog posts to identify fake products that are easily available in the market. Counterfeiting adversely affects the original ideas and the ability of vendors to generate profits from their licensed products. Hence, the ease of availability of counterfeit home audio equipment will negatively impact the market during the forecast period.
This home audio equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Home Audio Equipment Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Apple Inc.
- Bose Corp.
- Koninklijke Philips NV
- Kripa Electronics India Pvt. Ltd.
- LG Electronics Inc.
- Logitech International SA
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Toshiba Corp.
This statistical study of the home audio equipment market encompasses successful business strategies deployed by the key vendors. The home audio equipment market is fragmented and the vendors are developing new ideas and technologies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The home audio equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Home Audio Equipment Market?
For more insights on the market share of various regions Request for a FREE sample now!
41% of the market's growth will originate from North America during the forecast period. The US is a key market for home audio equipment in North America. Market growth in North America will be faster than the growth of the market in other regions.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Type Segments in the Home Audio Equipment Market?
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The home audio equipment market share growth by the smart speakers segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the home audio equipment market size and actionable market insights on post COVID-19 impact on each segment.
Home Audio Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.76% |
Market growth 2021-2025 |
$ 14.39 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.58 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, China, UK, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Apple Inc., Bose Corp., Koninklijke Philips NV, Kripa Electronics India Pvt. Ltd., LG Electronics Inc., Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Toshiba Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Home Audio Equipment Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive home audio equipment market growth during the next five years
- Precise estimation of the home audio equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the home audio equipment industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of home audio equipment market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Smart speakers - Market size and forecast 2020-2025
- Home theater systems - Market size and forecast 2020-2025
- Sound bars - Market size and forecast 2020-2025
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Apple Inc.
- Bose Corp.
- Koninklijke Philips NV
- Kripa Electronics India Pvt. Ltd.
- LG Electronics Inc.
- Logitech International SA
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Toshiba Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- UK
- Japan
- Germany
- Rise in disposable income
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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