Home Audio Market by Trends, Key Players, Driver, Segmentation, Forecast to 2024
Category: #business  By Ashwin Naphade  Date: 2019-07-12
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Home Audio Market by Trends, Key Players, Driver, Segmentation, Forecast to 2024

According to this study, over the next five years the Home Audio market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 12100 million by 2024, from US$ 9720 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Home Audio business.

Home audio is audio electronics intended for home entertainment use, such as shelf stereos and surround sound receivers. Home audio generally is a series of accessory equipment, which may be intended to enhance or replace standard equipment, such as standard TV speakers. Since surround sound receivers, which are primarily intended to enhance the reproduction of a movie, are the most popular home audio device, the primary field of home audio is home cinema.

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Sony Corporation, LG Electronics, Bose and Panasonic Corporation are the key players and accounted for over 50% of the overall Home Audio market share in 2016. Other players include Yamaha, Harman, Onkyo (Pioneer), VIZIO, Samsung.

Europe Home Audio size stood as the largest market and was valued at  2481.75 Million in 2016 and is anticipated to grow at a CAGR of 3.31% from 2016 to 2022. The region is likely to continue its dominance over the forecast period due to early adoption of home audio devices. In addition, presence of high number of technology consciousness people is also likely to surge the demand.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product?s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.

What points does the report cover

The regional terrain of Home Audio market

  • The Home Audio market, in regard to the provincial scope, is segmented into USA, Europe, Japan, China, India, South East Asia. The report also encompasses the particulars pertaining to the product’s use across the topographies considered.
  • The estimates held by all the zones in question and the market share that each region accounts for are contained within the report.
  • The report tallies the product consumption growth rate throughout the relevant regions as well their consumption market share.
  • The consumption rate of all regions, as per applications and product types is also included.

A review of the market segmentation:

  • The Home Audio market, as per product type, is segmented into Home Theatre in-a-box (HTiB), Home Audio Speakers and Systems and Other. The market share held by each product as well as the anticipated valuation are included in the report.
  • Additionally, the report includes facts regarding each product’s sale price and consumption (revenue and growth rate) over the forecast duration.
  • In terms of applications, the Home Audio market is characterized into Application I and Application II. Each product application’s market shares as well as the estimated revenue that every application would possibly account for is mentioned in the report.

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Market Drivers & Challenges:

  • The report offers data about the factors impacting the commercialization scale of the Home Audio market and their effect on the income graph of this business domain.
  • The research study is all-encompassing of the latest trends boosting the Home Audio market as well as the obstacles that this industry will be characterized by, in the forecast timeframe.

Marketing Strategies Undertaken:

  • The report delivers a gist of the several tactics that are arranged by prominent shareholders with respect to the product marketing.
  • The report also comprises a brief overview concerning sales channels that manufacturers opt for.
  • The suppliers of these products and a synopsis of the topmost customers for the same are also included in the report.

Breakdown of the significant competitors in the industry:

  • A succinct outline of the Home Audio market manufacturer base, that primarily includes LG, Sony, Panasonic, Bose, Yamaha, Harman, Onkyo (Pioneer), VIZIO, Samsung, D+M Group (Sound United), VOXX International, Nortek, Creative Technologies and EDIFIER as well as distribution parameters and sales area, have been provided.
  • The specifics of every vendor comprising of company profile, a short overview, and the product portfolio have been described.
  • The report particularly focusses on the Price models, product sales, revenue generation, as well as gross margins.

The Home Audio market report covers a host of other details namely concentration ratio (CR3, CR5 and CR10) over the predictable period, an estimation of the competitive landscape, and a study pertaining to the market concentration rate.

For More Details On this Report: https://www.marketstudyreport.com/reports/global-home-audio-market-growth-2019-2024

Some of the Major Highlights of TOC covers:

Home Audio Regional Market Analysis

  • Home Audio Production by Regions
  • Global Home Audio Production by Regions
  • Global Home Audio Revenue by Regions
  • Home Audio Consumption by Regions

Home Audio Segment Market Analysis (by Type)

  • Global Home Audio Production by Type
  • Global Home Audio Revenue by Type
  • Home Audio Price by Type

Home Audio Segment Market Analysis (by Application)

  • Global Home Audio Consumption by Application
  • Global Home Audio Consumption Market Share by Application (2014-2019)

Home Audio Major Manufacturers Analysis

  • Home Audio Production Sites and Area Served
  • Product Introduction, Application and Specification
  • Home Audio Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
  • Main Business and Markets Served

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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