Global Home Audio Equipment Market Growth 2023-2029

Global Home Audio Equipment Market Growth 2023-2029

Home audio equipment 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.

LPI (LP Information)' newest research report, the “Home Audio Equipment Industry Forecast” looks at past sales and reviews total world Home Audio Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Home Audio Equipment sales for 2023 through 2029. With Home Audio Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Audio Equipment industry.

This Insight Report provides a comprehensive analysis of the global Home Audio Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Audio Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Home Audio Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Audio Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Audio Equipment.

The global Home Audio Equipment market size is projected to grow from US$ 11010 million in 2022 to US$ 14130 million in 2029; it is expected to grow at a CAGR of 14130 from 2023 to 2029.

Global Home Audio Equipment key players include LG, Sony, Panasonic, Bose, Samsung, etc. Global top five manufacturers hold a share over 55%.

Asia-Pacific is the largest market, with a share over 35%, followed by Europe and North America, both have a share over 50%.

In terms of product, Home Theatre in-a-box (HTiB) is the largest segment, with a share over 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Audio Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Home Theatre In-a-Box (HTiB)

Home Audio Speakers and Soundbar

Others

Segmentation by application

TVs

Computers

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

LG

Sony

Panasonic

Bose

Yamaha

Harman

Onkyo (Pioneer)

VIZIO

Samsung

D+M Group (Sound United)

VOXX International

Nortek

Creative Technologies

EDIFIER

Key Questions Addressed in this Report

What is the 10-year outlook for the global Home Audio Equipment market?

What factors are driving Home Audio Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Home Audio Equipment market opportunities vary by end market size?

How does Home Audio Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.