Global Home Audio Equipment Market Size, Share 2023
Posted by johnson on March 2nd, 2017
According to a new market report published by Credence Research, Inc. “Global 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”, the global home audio equipment market is expected to witness a steady growth during the forecast period, exceeding US$ 24.3 Bn by 2023.
Browse the Global Home Audio Equipment (By Product Type (Home Theatre Systems, Soundbars, and Blu-ray and DVD Players), and Sales Channel (Retail Channel and Online/E-commerce Channel) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/home-audio-equipment-market
Home audio equipment includes audio devices like home theater systems, soundbars, and DVD players among others that are specifically used for the entertainment purpose. Today’s advanced home audio equipment are feature-rich, equipped to support other music systems, televisions, and projectors. The advancements in technology have not only made these equipment feature-rich (wireless, noise cancellation technology, integration with Bluetooth device, etc.), but also more compact and light weight. Growing preference for wireless music is shaping the global home audio equipment market. In addition, growing consumer desire for high-performance music experience coupled with the increasing disposable income is expected to propel the demand for home audio equipment globally.
The global home audio equipment market is highly competitive and fragmented. Product portfolio expansion through new product development is the prime strategy adopted by the vendors in the market. Ideally, vendors compete on the basis of product features, performance, innovation, and cost. In addition, manufacturers are increasingly focusing on strengthening their distribution network and hence the reach. This will consequently enable retailers to push different home audio equipment (ex- wired and wireless) into the market. The advent of e-commerce has further encouraged manufacturers to strengthen their distribution network. Some of the leading and promising home audio equipment manufacturers identified in the research study include Bose Corporation, Dolby Laboratories Inc., LG Electronics Inc., Sony Corporation, Sharp Corporation, Panasonic Corporation, JVC Kenwood Corporation, Philips Electronics Ltd., Harman International Industries, Inc. (AKG), Akai Electric Co., Qualcomm Technologies, and Pioneer Corporation among others.
Request Free Sample : http://www.credenceresearch.com/sample-request/58030
Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE,
Like it? Share it!
About the Authorjohnson
Joined: February 23rd, 2017
Articles Posted: 806
More by this author