Home audio equipment refers to a type of audio equipment which reproduces the experience of movie theatre by using audio and video equipment which is consumer electronics-grade. It is used for the purpose of home entertainment and includes several components such as shelf stereos, surround sound receiver and a projection system. According to IMARC Group’s latest report, titled “Home Audio Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global home audio equipment market reached a value of US$ 18 Billion in 2018.
There is an increase in the streaming of audio content through wireless systems such as Bluetooth which can be connected to portable devices. This is a primary factor which is driving the growth of the global home audio equipment market. Additionally, a shift in the preference of consumers towards high performance home theatre system and the rising need for better user experience are positively influencing the market growth. Moreover, some of the other factors which are contributing to the growth of the market include surging disposable incomes, urbanisation and industrialisation rates, technological advancements, and product innovations by manufacturers. Looking forward, the market is expected to reach a value of US$ 24 Billion by 2024, exhibiting a CAGR of 4.9% during 2019-2024.
The report has segmented the market on the basis of product type into Blu-ray and DVD players, home theatre in-a-box (HTIB) and soundbars. Among these, Blu-ray and DVD players represent the largest product type. Based on application, the major segments include TVs and computers. On the basis of distribution channel, the market has been segregated into supermarkets and hypermarkets, specialty stores, convenience stores and online. Region-wise, North America currently holds the majority of the market share owing to an increase in unit sales of flat-panel HD TVs in the region. Some of the other markets include Europe, Asia Pacific, Middle East and Africa, and Latin America. The report has further analysed the competitive landscape of the market with some of the key global players being LG, Qualcomm, Sony Corporation, Yamaha Corporation and Bose Corporation.
Key Questions Answered in This Report:
- How has the global home audio equipment market performed so far and how will it perform in the coming years?
- What are the key regions in the global home audio equipment market?
- What are the key application segments in the global home audio equipment market?
What are the key distribution channel segments in the global home audio equipment market?
- Which are the popular product types in the global home audio equipment market?
- What are the major raw materials in the global home audio equipment market?
- What are the price trends of home audio equipment?
- What are the various stages in the value chain of the global home audio equipment market?
- What are the key driving factors and challenges in the global home audio equipment market?
- What is the structure of the global home audio equipment market and who are the key players?
- What is the degree of competition in the global home audio equipment market?
- How are home audio equipment manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Home Audio Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Application
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product
6.1 Blu-ray and DVD players
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Home Theater in-a-box (HTIB)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Soundbars
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Television
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Computers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Specialty Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Convenience Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Home Audio Equipment Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 LG
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 Qualcomm
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.2.5 SWOT Analysis
11.3.3 Sony Corporation
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.3.4 Financials
11.3.3.5 SWOT Analysis
11.3.4 Yamaha Corporation
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.4.4 Financials
11.3.4.5 SWOT Analysis
11.3.5 Bose Corporation
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
11.3.5.4 SWOT Analysis
List of Figures
Figure 1: Global: Home Audio Equipment Market: Major Drivers and Challenges
Figure 2: Global: Home Audio Equipment Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Home Audio Equipment Market: Breakup by Product (in %), 2018
Figure 4: Global: Home Audio Equipment Market: Breakup by Distribution Channel (in %), 2018
Figure 5: Global: Home Audio Equipment Market: Breakup by Region (in %), 2018
Figure 6: Global: Home Audio Equipment Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Home Audio Equipment Industry: SWOT Analysis
Figure 8: Global: Home Audio Equipment Industry: Value Chain Analysis
Figure 9: Global: Home Audio Equipment Industry: Porter’s Five Forces Analysis
Figure 10: Global: Home Audio Equipment (Blu-ray and DVD players) Market: Sales Value (in Million US$), 2011 & 2018
Figure 11: Global: Home Audio Equipment (Blu-ray and DVD players) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Home Audio Equipment (Home Theater in-a-box) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Home Audio Equipment (Home Theater in-a-box) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Home Audio Equipment (Soundbars) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Home Audio Equipment (Soundbars) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Home Audio Equipment (Other Product Types) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Home Audio Equipment (Other Product Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Home Audio Equipment (Applications in Television) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Home Audio Equipment (Applications in Television) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Home Audio Equipment (Applications in Computers) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Home Audio Equipment (Applications in Computers) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Home Audio Equipment (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Home Audio Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Home Audio Equipment Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2011 & 2018
Figure 25: Global: Home Audio Equipment Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2019-2024
Figure 26: Global: Home Audio Equipment Market: Sales through Specialty Stores (in Million US$), 2011 & 2018
Figure 27: Global: Home Audio Equipment Market Forecast: Sales through Specialty Stores (in Million US$), 2019-2024
Figure 28: Global: Home Audio Equipment Market: Sales through Convenience Stores (in Million US$), 2011 & 2018
Figure 29: Global: Home Audio Equipment Market Forecast: Sales through Convenience Stores (in Million US$), 2019-2024
Figure 30: Global: Home Audio Equipment Market: Online Sales (in Million US$), 2011 & 2018
Figure 31: Global: Home Audio Equipment Market Forecast: Online Sales (in Million US$), 2019-2024
Figure 32: Global: Home Audio Equipment Market: Sales through Other Distribution Channel (in Million US$), 2011 & 2018
Figure 33: Global: Home Audio Equipment Market Forecast: Sales through Other Distribution Channel (in Million US$), 2019-2024
Figure 34: North America: Home Audio Equipment Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: North America: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Europe: Home Audio Equipment Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Europe: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Asia Pacific: Home Audio Equipment Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: Asia Pacific: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Middle East and Africa: Home Audio Equipment Market: Sales Value (in Million US$), 2011 & 2018
Figure 41: Middle East and Africa: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Latin America: Home Audio Equipment Market: Sales Value (in Million US$), 2011 & 2018
Figure 43: Latin America: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Home Audio Equipment Manufacturing: Process Flow
List of Tables
Table 1: Global: Home Audio Equipment Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Home Audio Equipment Market Forecast: Breakup by Product (in Million US$), 2019-2024
Table 3: Global: Home Audio Equipment Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: Home Audio Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 5: Global: Home Audio Equipment Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Home Audio Equipment: Raw Material Requirements
Table 7: Global: Home Audio Equipment Market Structure
Table 8: Global: Home Audio Equipment Market: Key Players