Global Home Audio Market Growth 2023-2029

Global Home Audio Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Home Audio Industry Forecast” looks at past sales and reviews total world Home Audio sales in 2022, providing a comprehensive analysis by region and market sector of projected Home Audio sales for 2023 through 2029. With Home Audio sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Audio industry.
This Insight Report provides a comprehensive analysis of the global Home Audio 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Home Audio market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Audio 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.
The global Home Audio market size is projected to grow from US$ 11020 million in 2022 to US$ 14350 million in 2029; it is expected to grow at a CAGR of 14350 from 2023 to 2029.
Sony Corporation, LG Electronics, Bose and Panasonic Corporation are the key players and accounted for over 50% of the overall Home Audio market share. Other players include Yamaha, Harman, Onkyo (Pioneer), VIZIO, Samsung.
Europe is the largest consumption place, with a consumption market share nearly 29%. Following Europe, China is the second largest consumption place with the consumption market share of 22%.
This report presents a comprehensive overview, market shares, and growth opportunities of Home Audio 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 Systems
Others
Segmentation by application
Home Stereo Listeners
Audiophiles
Home Audio Enthusiasts
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 market?
What factors are driving Home Audio market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Home Audio market opportunities vary by end market size?
How does Home Audio 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.