Headphone Manufacturing in the UK - Industry Market Research Report

Low Volume: Reduced Manufacturing Capacity is Set to Squeeze Profitability in 2022-23<Br>

Headphone manufacturing revenue is forecast to dip at a compound annual rate of 6.5% over the five years through 2022-23, inclusive of a 7.2% drop in the current year, to £19.2 million. Shrinking manufacturing capacity and intensifying import competition have contributed to the decline in revenue, compounded by weak consumer spending since the Brexit vote. There's a fair share of import competition within the industry, with the bulk of headphone manufacturing taking place in Asia, particularly China. Domestic producers invest heaps into R&D activities to produce new, top-quality headphone models. Industry operators manufacture wired and wireless headphones, including over-ear, on-ear and in-ear headphones. Headphones are connected to signal sources like audio amplifiers, radios, CD players, portable media players, smartphones and tablets. Headphones with integrated microphones are also included in this industry. In addition, the manufacture of headphone parts is included. Aviation headsets, hearing aids and cordless microphones with transmitters are not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.