Report Scope
This report analyzes the global home audio equipment market in terms of product type, sales channel, and geography. On the basis of product type, the market is segmented into home theatre systems, soundbars, and Blue-ray & DVD players. Additionally, based on sales channel, the market is segmented into retail and online/e-commerce. The geographical distribution of the global home audio equipment market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Rising discretionary income resulting in increased consumer spending on audio equipment/accessories and emergence of innovative audio products incorporating technologically advanced features are expected to drive home audio equipment sales during the forecast period 2016 – 2023. However, the availability of low quality, low cost substitutes pose a considerable challenge to the market growth, especially in emerging economies of Asia and RoW, where the market is still largely unorganized.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Home Audio Equipment Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global home audio equipment market.
Target Audience
USP and Key Offerings
The report titled “Global Home Audio Equipment Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global home audio equipment market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on product type, sales channel, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading home audio equipment manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the home audio equipment market, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Home Audio Equipment Market Snapshot
3. Global Home Audio Equipment Market Analysis
3.1. Global Home Audio Equipment Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Value Chain Analysis
3.6. Attractive Investment Proposition
3.7. Market Positioning of Key Industry Participants
3.7.1. Major Strategies Adopted
3.7.2. Analyst Recommendations
4. Global Home Audio Equipment Market Revenue, By Product Type , 2013 – 2023 (US$ Bn)
4.1. Doughnut Analysis
4.2. Blu-ray and DVD Players
4.3. Home Theatre Systems
4.4. Soundbars
5. Global Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
5.1. Pac-Man Analysis
5.2. Retail
5.3. Online/E-commerce
6. North America Home Audio Equipment Market Analysis, 2013 – 2023 (US$ Bn)
6.1. North America Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
6.1.1. Blu-ray and DVD Players
6.1.2. Home Theatre Systems
6.1.3. Soundbars
6.2. North America Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
6.2.1. Retail
6.2.2. Online/E-commerce
6.3. North America Home Audio Equipment Market Revenue, By Country, 2013 – 2023 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
6.3.1.2. U.S. Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
6.3.2. Canada
6.3.2.1. Canada Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
6.3.2.2. Canada Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
7. Europe Home Audio Equipment Market Analysis, 2013 – 2023 (US$ Bn)
7.1. Europe Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
7.1.1. Blu-ray and DVD Players
7.1.2. Home Theatre Systems
7.1.3. Soundbars
7.2. Europe Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
7.2.1. Retail
7.2.2. Online/E-commerce
7.3. Europe Home Audio Equipment Market Revenue, By Region, 2013 – 2023 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
7.3.1.2. U.K. Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
7.3.2.2. Germany Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
7.3.3. France
7.3.3.1. France Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
7.3.3.2. France Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
7.3.4.2. Rest of Europe Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
8. Asia Pacific Home Audio Equipment Market Analysis, 2013 – 2023 (US$ Bn)
8.1. Asia Pacific Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
8.1.1. Blu-ray and DVD Players
8.1.2. Home Theatre Systems
8.1.3. Soundbars
8.2. Asia Pacific Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
8.2.1. Retail
8.2.2. Online/E-commerce
8.3. Asia Pacific Home Audio Equipment Market Revenue, By Country, 2013 – 2023 (US$ Bn)
8.3.1. Japan
8.3.1.1. Japan Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
8.3.1.2. Japan Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
8.3.2. China
8.3.2.1. China Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
8.3.2.2. China Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
8.3.3. India
8.3.3.1. India Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
8.3.3.2. India Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
8.3.4.2. Rest of Asia Pacific Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
9. Rest of World Home Audio Equipment Market Analysis, 2013 – 2023 (US$ Bn)
9.1. Rest of World Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
9.1.1. Blu-ray and DVD Players
9.1.2. Home Theatre Systems
9.1.3. Soundbars
9.2. Rest of World Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
9.2.1. Retail
9.2.2. Online/E-commerce
9.3. Rest of World Home Audio Equipment Market Revenue, By Region, 2013 – 2023 (US$ Bn)
9.3.1. Latin America
9.3.1.1. Latin America Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
9.3.1.2. Latin America Pacific Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Home Audio Equipment Market Revenue, By Product Type, 2013 – 2023 (US$ Bn)
9.3.2.2. Middle-East and Africa Home Audio Equipment Market Revenue, By Sales Channel, 2013 – 2023 (US$ Bn)
10. Company Profiles
10.1. Dolby Laboratories Inc.
10.2. LG Electronics Inc.
10.3. Sony Corporation
10.4. Sharp Corporation
10.5. Panasonic Corporation
10.6. Bose Corporation
10.7. JVC Kenwood Corporation
10.8. Philips Electronics Ltd.
10.9. Harman International Industries, Inc. (AKG)
10.10. Akai Electric Co.
10.11. Qualcomm Technologies
10.12. Pioneer Corporation
List of Figures
FIG. 1 Global Home Audio Equipment: Market Segmentation
FIG. 2 Global Home Audio Equipment Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Home Audio Equipment Market, By Product Type, 2015 (US$ Bn)
FIG. 5 Global Home Audio Equipment Market, By Sales Channel, 2015 (US$ Bn)
FIG. 6 Global Home Audio Equipment Market, By Geography, 2015 (US$ Bn)
FIG. 7 Global Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Home Audio Equipment Market
FIG. 9 Value Chain Analysis: Global Home Audio Equipment Industry
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Home Audio Equipment Market Revenue Contribution, By Product Type, 2015 & 2023 (Value %)
FIG. 12 Global Blu-ray and DVD Players Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn)
FIG. 13 Global Home Theatre System Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn)
FIG. 14 Global Soundbars Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn)
FIG. 15 Global Home Audio Equipment Market Revenue Contribution, By Sales Channel, 2015 & 2023 (US$ Bn)
FIG. 16 Global Home Audio Equipment Market Revenue and Growth for Retail Channel, 2013 - 2023, (US$ Bn)
FIG. 17 Global Home Audio Equipment Market Revenue and Growth for Online/E-commerce Channel, 2013 - 2023, (US$ Bn)
FIG. 18 North America Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 19 Europe Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 20 Asia Pacific Home Audio Equipment Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 21 RoW Home Audio Equipment Market Revenue and Growth, 2013– 2023, (US$ Bn) (Y-o-Y %)
List of Tables
TABLE 1 Market Snapshot: Global Home Audio Equipment Market
TABLE 2 Evolution of Home Audio Equipment
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 6 North America Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 7 North America Home Audio Equipment Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 8 U.S. Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 9 U.S. Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 10 Canada Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 11 Canada Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 12 Europe Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 13 Europe Home Audio Equipment Market Revenue, By Sales Channel, 2015 - 2023 (US$ Bn)
TABLE 14 Europe Home Audio Equipment Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 15 U.K. Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 16 U.K. Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 17 France Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 18 France Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 19 Germany Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 20 Germany Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 21 Rest of Europe Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 22 Rest of Europe Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 23 Asia Pacific Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 24 Asia Pacific Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 25 Asia Pacific Home Audio Equipment Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 26 China Home Audio Equipment Market Revenue, By Product Type, 2013- 2023 (US$ Bn)
TABLE 27 China Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 28 Japan Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 29 Japan Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 30 India Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 31 India Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 32 Rest of Asia Pacific Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 33 Rest of Asia Pacifc Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 34 Rest of World Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 35 Rest of World Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 36 Rest of World Home Audio Equipment Market Revenue, By Region, 2013 - 2023 (US$ Bn)
TABLE 37 Latin America Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 38 Latin America Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
TABLE 39 Middle-East and Africa Home Audio Equipment Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 40 Middle-East and Africa Home Audio Equipment Market Revenue, By Sales Channel, 2013 - 2023 (US$ Bn)
On the basis of product type, the global home audio equipment market is categorized into following segments:
The contribution of these product variants to the global home audio equipment market in 2015 and 2023 is as shown in the figure below
As of 2015, Blu-ray and DVD players dominated the global home audio equipment market. The segment accounted for over half of the global home audio equipment revenue in the same year. DVD players being the traditional and most widely known audio products in both developed and developing countries, account for majority of the market revenue share. The trend shall prolong and the segment is expected to hold on to its leading position through 2023. On the other hand, soundbars are forecast to register highest adoption rate, outpacing Blu-ray and DVD players during the forecast period. Soundbars comparatively consume less space and offer better sound quality than DVD players. With the advancements in technology, manufacturers across the globe are developing soundbars incorporating features like noise cancellation and Bluetooth. Consequently, the average selling prices of soundbars have witnessed an upsurge, which is expected to have positive impact on the revenue share of the segment.
On the basis of sales distribution channel, the global home audio equipment market is categorized into following categories:
Their contribution to the global home audio equipment market in 2015 and 2023 is as shown in the figure below.
In base year 2015, the sale of home audio equipment including home theatre systems, soundbars, Blu-ray players and DVD players was the largest through retail channel. The segment accounted for around three-fourth of the global home audio equipment market revenue in the same year. Even though retail distribution plays a crucial role in the sale of home audio equipment, it is anticipated that the sale of home audio equipment would probably increase through online/e-commerce channel than retail channel. The anticipated growth in sale of home audio equipment through the online channel would be driven by the proliferation of e-commerce and convenience offered in purchase.
On the basis of geography, the global home audio equipment market is segmented into following regions and countries.
The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global home audio equipment market in 2015 is as shown in the figure below
As of 2015, the global home audio equipment market was led by developed regions including North America and Europe. The regions collectively accounted for around over two-third of the global home audio equipment market revenue in the same year. The growth in these regions can be collectively credited to the large base of music-savvy consumers, technology advancements, steady rise in consumer spending on audio equipment/accessories, and growing demand for high definition ultra flat panel televisions. Asia Pacific which currently accounts for just over one-fifth of the global market revenue is presumed to witness strong growth during the forecast period. Evolving digital habits of consumers and rising discretionary income of people in the region are expected to drive sales of home audio equipment during the forecast period.
