Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Home Audio Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global home audio equipment market size reached US$ 26.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.2 Billion by 2027, exhibiting a growth rate (CAGR) of 8.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Home audio equipment comprises soundbars, home theatre systems, smart speakers, shelf stereos, radio receivers, AV receivers, microphones, and tape recorders. It provides reliable and sophisticated performance and helps enhance the standard equipment. Besides this, it helps play the same song in every space flawlessly without disturbing neighbors, saving space and reducing clutter. As a result, home audio equipment is gaining immense traction across the globe.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Home Audio Equipment Market Trends:

Rapid urbanization, along with inflating disposable income level of consumers, represents one of the key factors positively influencing the market. In addition, increasing sales of flat-panel HD TVs, the burgeoning entertainment industry, and the growing traction of the on-demand content are creating a positive outlook for the market. Apart from this, the rising popularity of OTT services is boosting the demand for high-performance home audio equipment for an enhanced viewing experience. An increasing number of consumers are subscribing to streaming services, which is also augmenting the market growth. Furthermore, the expansion of showrooms and the proliferation of the e-commerce industry are resulting in the easy availability of products supported with additional benefits, such as free doorstep delivery, exciting offers, and secure payment methods. This is contributing to the growth of the market. Additionally, leading manufacturers are investing in competitive marketing strategies and promotional activities to reach a wider consumer base and increase product sales. Besides this, technological advancements like the development of architecturally friendly Dolby Atmos systems, short-throw projectors, ambient light rejecting screens, motorized window treatments, and large LED screens are propelling the market growth. Moreover, investments in extensive research and development (R&D) activities are expected to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global home audio equipment market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and distribution channel.

Breakup by Product Type:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Blu-ray and DVD players
  • Home Theater in-a-box (HTIB)
  • Soundbars
  • Others


Soundbars represent the largest market segment as they are economical, affordable, and deliver high-quality television (TV) sound without occupying the space and complexity of a home theater receiver and surround sound speaker setup.

Breakup by Application:

  • Television
  • Computers
  • Others


Television holds the largest market share due to the thriving media and entertainment industry, along with the increasing sales of TVs across the globe.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online
  • Others
     

Specialty stores currently dominate the market as they provide high-quality products with personalized customer service facilities.

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information about this market, Request Sample

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America


The Asia Pacific exhibits a clear dominance in the market due to the proliferation of the e-commerce industry in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being LG Electronics, Inc., Qualcomm Technologies Inc., Sony Corporation, Yamaha Corporation and Bose Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered LG Electronics, Inc., Qualcomm Technologies Inc., Sony Corporation, Yamaha Corporation and Bose Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6   Market Breakup by Product Type
    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$), 2016-2021
Figure 3: Global: Home Audio Equipment Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Home Audio Equipment Market: Breakup by Application (in %), 2021
Figure 5: Global: Home Audio Equipment Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Home Audio Equipment Market: Breakup by Region (in %), 2021
Figure 7: Global: Home Audio Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Home Audio Equipment Industry: SWOT Analysis
Figure 9: Global: Home Audio Equipment Industry: Value Chain Analysis
Figure 10: Global: Home Audio Equipment Industry: Porter’s Five Forces Analysis
Figure 11: Global: Home Audio Equipment (Blu-ray and DVD players) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Home Audio Equipment (Blu-ray and DVD players) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Home Audio Equipment (Home Theater in-a-box) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Home Audio Equipment (Home Theater in-a-box) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Home Audio Equipment (Soundbars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Home Audio Equipment (Soundbars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Home Audio Equipment (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Home Audio Equipment (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Home Audio Equipment (Applications in Television) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Home Audio Equipment (Applications in Television) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Home Audio Equipment (Applications in Computers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Home Audio Equipment (Applications in Computers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Home Audio Equipment (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Home Audio Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Home Audio Equipment Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2016 & 2021
Figure 26: Global: Home Audio Equipment Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2022-2027
Figure 27: Global: Home Audio Equipment Market: Sales through Specialty Stores (in Million US$), 2016 & 2021
Figure 28: Global: Home Audio Equipment Market Forecast: Sales through Specialty Stores (in Million US$), 2022-2027
Figure 29: Global: Home Audio Equipment Market: Sales through Convenience Stores (in Million US$), 2016 & 2021
Figure 30: Global: Home Audio Equipment Market Forecast: Sales through Convenience Stores (in Million US$), 2022-2027
Figure 31: Global: Home Audio Equipment Market: Online Sales (in Million US$), 2016 & 2021
Figure 32: Global: Home Audio Equipment Market Forecast: Online Sales (in Million US$), 2022-2027
Figure 33: Global: Home Audio Equipment Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 34: Global: Home Audio Equipment Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 35: North America: Home Audio Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Europe: Home Audio Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Europe: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia Pacific: Home Audio Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia Pacific: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Middle East and Africa: Home Audio Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Middle East and Africa: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Latin America: Home Audio Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Latin America: Home Audio Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Home Audio Equipment Manufacturing: Process Flow

List of Tables

Table 1: Global: Home Audio Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Home Audio Equipment Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Home Audio Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Home Audio Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Home Audio Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
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


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global home audio equipment market was valued at US$ 26.4 Billion in 2021.

We expect the global home audio equipment market to exhibit a CAGR of 8.83% during 2022-2027.

The emerging adoption of smart homes, along with various technological advancements in home audio equipment to improve the overall experience of consumers, are primarily driving the global home audio equipment market.

The sudden outbreak of the COVID-19 pandemic has led to the rising online purchase of home audio equipment, such as soundbars, home theatre systems, smart speakers, etc., for indoor entertainment during the lockdown scenario.

Based on the product type, the global home audio equipment market can be categorized Blu-ray and DVD players, Home Theatre in-a-Box (HTIB), soundbars, and others. Currently, soundbars hold the majority of the total market share.

Based on the application, the global home audio equipment market has been segmented into television, computers, and others. Among these, television currently exhibits a clear dominance in the market.

Based on the distribution channel, the global home audio equipment market can be bifurcated into supermarkets and hypermarkets, specialty stores, convenience stores, online, and others. Currently, specialty stores account for the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global home audio equipment market include LG Electronics, Inc., Qualcomm Technologies Inc., Sony Corporation, Yamaha Corporation, and Bose Corporation.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links