Home Audio Equipment Market Size to Grow by $14.39 Billion | With top suppliers including Apple Inc., Bose Corp., Koninklijke Philips NV and Kripa Electronics India Pvt. ltd.


NEW YORK, May 12, 2022 /PRNewswire/ — The global home audio equipment market is expected to grow by $14.39 billion between 2020 and 2025, accelerating at a CAGR of 10.76% during the forecast period. The market is segmented by type (smart speakers, home theater systems and soundbars) and by geography (North America, EuropeACPA, South America, and MEA). The report provides detailed information about the performance of the vendors in terms of revenue generation, market position, product launches and customer base among others.

Technavio has announced its latest market research report titled Home Audio Equipment Market by Type and Geography – Forecast and Analysis 2021-2025

Buy our full report on the home audio equipment market for a comprehensive analysis of recent developments, new product launches, major revenue-driving segments, and market behavior across all geographies.

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Key Insights from Home Audio Equipment Market Research

  • Home audio equipment market size will grow by $14.39 billion at 10.76% CAGR between 2020 and 2025

  • 9.58% annual growth expected in 2021

  • 41% original market growth North America during the forecast period

  • Smart Speaker Segment Observed Maximum Growth in Market in 2021

  • Dominant vendors include 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.

Home Audio Equipment Market: Key Segment Analysis
The smart speaker segment will generate maximum growth in terms of revenue. Factors such as technological innovations and growing adoption of smart homes are driving the adoption of smart speakers. Additionally, the increasing purchasing ability of consumers, especially in developing countries, is contributing to the growth of the segment.

Identify other potential segments to invest in during the forecast period. Download sample report

Home Audio Equipment Market: Growth Drivers and Restraints
The home audio equipment market is driven by rising consumer disposable income. Globally, consumer disposable incomes are steadily increasing. For example, in developed countries like the United States, total household expenditure was $12.7 million in 2016 and was $14.5 million in 2019. Consumer spending capacity is also increasing in emerging countries with rising income levels. For example, the Indian economy is driven by domestic consumption. The availability of a young population, increasing disposable incomes, improving education and rapid economic growth have created high growth potential in the consumer market. All these factors have made high-end electronic devices affordable to a larger population, which has a positive impact on the growth of the targeted market.

“Although the growth of smart homes and the demand for smart TVs will further drive the market growth, the easy availability of counterfeit products might reduce the growth opportunities for market players,” says an analyst from Technavio.

The Home Audio Equipment market report answers questions like:

  • Is the market structure fragmented or concentrated?

  • What was the market size in 2020 and the home audio equipment market forecast to 2025?

  • What are the best segments to invest in during the forecast period?

  • What is the market share of dominant and powerful vendors in the home audio equipment market?

  • What are the latest trends and regulatory frameworks in the home audio equipment market?

Get all your questions answered in our comprehensive report.

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Home Audio Equipment Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 10.76%

Market Growth 2021-2025

$14.39 billion

Market structure

Fragmented

Annual growth (%)

9.58

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 41%

Main consumer countries

United States, China, United Kingdom, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

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

  • Soundbars – 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

  • Main leading countries

  • Market Opportunity by Geography

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • Apple Inc.

  • Bose Corp.

  • Koninklijke Philips NV

  • Kripa Electronics India Pvt. ltd.

  • LG Electronics Inc.

  • Logitech International S.A.

  • Panasonic Corp.

  • Samsung Electronics Co.Ltd.

  • Sony Corp.

  • Toshiba Corp.

Annex

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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