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Home Audio Equipment Market By Product Type (Home Theatre Systems, Soundbars, and Blu-ray and DVD Players), and Sales Channel (Retail Channel and Online/E-commerce Channel) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023

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Published: | Report ID: 6887 | Category: Semiconductor & Electronics

Report Scope

This report analyses the global home audio equipment market regarding product type, sales channel, and geography. Based on product type, the market is segmented into home theatre systems, soundbars, and Blu-ray and DVD players. Additionally, based on the sales channel, the market is segmented into retail and online/e-commerce. Finally, the geographical distribution of the global home audio equipment market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Rising discretionary income resulting in increased consumer spending on audio equipment and accessories and the emergence of innovative audio products incorporating technologically advanced features are expected to drive home audio equipment sales during the forecast period of 2016–2023. However, the availability of low-quality, low-cost substitutes poses a considerable challenge to the market’s growth, especially in emerging economies in Asia and the Rest of the World, 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 in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global home audio equipment market.

Target Audience

  • Industry Investors
  • Home audio equipment manufacturers
  • Mobile and Media Device Manufacturers
  • Distributors
  • End-users

Overall, the research study provides a holistic view of the home audio equipment market, offering market size and estimates for 2013 to 2023, keeping in mind the above-mentioned factors.

Based on product type, the global home audio equipment market is categorized into the following segments:

  • Soundbars
  • Home Theater Systems
  • Blu-ray and DVD players

In 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 the majority of the market’s 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 the highest adoption rate, outpacing Blu-ray and DVD players during the forecast period.

Soundbars consume comparatively less space and offer better sound quality than DVD players. Furthermore, with the advancements in technology, manufacturers across the globe are developing soundbars that incorporate features like noise cancellation and Bluetooth. Consequently, the average selling prices of soundbars have witnessed an upsurge, which is expected to have a positive impact on the revenue share of the segment.

Based on sales distribution channel, the global home audio equipment market is categorized into the following categories:

  • Retailers
  • E-commerce/Online

In the base year of 2015, the sale of home audio equipment, including home theatre systems, soundbars, Blu-ray players, and DVD players, was the largest through the retail channel. The segment accounted for around three-fourths of the global home audio equipment market’s 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 the online/e-commerce channel than the retail channel.

The anticipated growth in the sale of home audio equipment through the online channel would be driven by the proliferation of e-commerce and the convenience offered in a purchase.

On the basis of geography, the global home audio equipment market is segmented into the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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 two-thirds of the global home audio equipment market’s revenue in the same year. The growth in these regions can be collectively credited to the large base of music-savvy consumers, technology advancements, a steady rise in consumer spending on audio equipment and accessories, and the 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 incomes of people in the region are expected to drive sales of home audio equipment during the forecast period.

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)

Frequently Asked Questions

What is the size of Home Audio Equipment Market?

The market for Home Audio Equipment Market is expected to reach US$ 24.3 Bn in 2023.

What is the Home Audio Equipment Market Market CAGR?

The Home Audio Equipment Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Home Audio Equipment Market?

The report is forecasted from 2016 To 2023.

What is the base year considered for Home Audio Equipment Market?

The base year of this report is 2015.

Who are the major players in this market?

Dolby Laboratories Inc., LG Electronics Inc., Sony Corporation, Sharp Corporation, Panasonic Corporation are some of the major players in the global market.

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