The home audio equipments market is forecasted to witness significant growth in the upcoming years due to continued development of innovative products with technologically advanced features, widespread popularity of new age audio technologies, and increasing preference from consumers for high quality content. Widening consumer base in Asia Pacific, Latin America, and Middle East markets followed by increase in disposable incomes, rapid urbanization trends, and higher affordability is also responsible for driving the growth of the home audio equipments industry.
Consumer electronics like mp3 players, blu-ray players, computers, and video games are providing an economic source of entertainment for families. With increasing adoption of these consumer products in homes, the home audio equipment industry is continuing to witness growth in terms of volume and value sales. Home audio equipments represent an important market in the global consumer electronics industry. Consumer acceptance of innovative technology, increasing income levels, and higher spending on comfort goods is helping in expansion of this industry.
Home audio equipments are a highly competitive market and products with aesthetic design, better visual appeal, and innovative features are winning the race in this competition. Home theater-in-a-box represents the fastest growing segment of this market in terms of volume and value sales. Manufacturers and suppliers of these equipments are striving to expand market penetration by making systems visually less intrusive and user friendly. Home radios make up the smallest segment in terms of value sales; however, the demand for digital home radios is on the rise in Asian markets driven by growing marketing and promotional activities.
Market Segmentation by Product
- Home Audio Systems
- Home Audio Separate Components
- Home Theater in a Box
- Home Radios
This research report on home audio equipments market, analyzes the market based on its segments and major geographies. This report is a comprehensive study of current market trends, growth drivers, factors affecting market growth, industry structure, and market projections for upcoming years.
The report also include analysis of recent technological developments in this market, Porter’s five force model analysis, and complete company profiles of top industry players. This report also provides review of micro and macro factors significant with respect to existing market players and new entrants with value chain analysis.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
Some of the key players dominating this market include Akai, Dolby Laboratories Inc., DTS Inc., JVC KENWOOD Holdings Inc., Koninklijke Philips Electronics NV, LG Electronics, Panasonic Corporation, Sanyo Electric Co. Ltd., Nakamichi Corporation, Onkyo Corporation, Pioneer Corporation, Sharp Corp., Sony Corporation, and others.
Reasons for Buying this Report
- This report provides clear understanding of key product segments and changing competition dynamics
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- The report provides distinctive graphics and exemplified SWOT analysis of major industry segments
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- It provides complete analysis of major competitors and their strategies
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