Home Audio Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

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 2021 - 2029. 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, 2021 - 2029” 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

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

USP and Key Offerings

The report titled “Global Home Audio Equipment Market- Growth, Share, Opportunities, and Competitive Analysis, 2021 - 2029” offers strategic insights into the global home audio equipment market along with the market size and estimates for the duration 2019 to 2029. 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:

• An overview of the global home audio equipment market
• Current and future market trends to justify the forthcoming attractive sub-markets within the home audio equipment market
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the home audio equipment market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the home audio equipment market, offering market size and estimates for the period from 2018 to 2029, keeping in mind the above mentioned factors.

On the basis of product type, the global home audio equipment market is categorized into following segments:

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

As of 2020, 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 2029. 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:

• Retailers
• E-commerce/Online

In base year 2020, 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.

• North America
• U.S.
• Canada
• Europe
• United Kingdom
• France
• Germany
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
• Rest of the World
• Latin America
• Middle East and Africa

As of 2020, 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.


This product will be delivered within 2 business days.