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Market Overview of Global Audio Equipment market:
According to our latest research, the global Audio Equipment market looks promising in the next 5 years. As of 2022, the global Audio Equipment market was estimated at USD 34627.94 million, and it's anticipated to reach USD 52955.34 million in 2028, with a CAGR of 7.34% during the forecast years.
An audio device is a device that reproduces, records, or processes sound. This includes microphones, radio receivers, AV receivers, CD players, recorders, amplifiers, mixing consoles, effects and speakers.
Drivers
With the development of the economy, the advancement of technology, and the improvement of people's living standards, people are more willing to invest in the improvement of living standards as consumers' purchasing power increases. Audio equipment can provide high-quality music services is no longer the exclusive equipment of the entertainment industry, but has become a common demand of the public; at the same time, the requirements for playing sound quality are getting higher and higher; these factors are driving the development of the audio equipment industry; The continuous development of the concert and KTV industry has also promoted the development of the audio industry.
In addition, in developed markets, they have more international companies, good channels, high market maturity, fierce competition, highly competent management team, technical and financial advantages, continuous innovation, and prominent market participants. Investing heavily in R&D and introducing their products with new technologies, all of which have created an increasing market demand for wallboards.
Opportunities
Improve performance
With advances in science and technology, more advanced materials and production methods, the company's investment will have more cost-effective, high-performance products, such as wireless audio equipment.
Emerging countries
For example, in China, India is developing its own industry. With the advancement of economy and technology, the downstream demand is increasing. If the construction industry increases, the wallboard market has huge market potential in the future.
Region Overview:
In 2022, the share of the Audio Equipment market in North America stood at 26.33%.
Company Overview:
Bose is one of the major players operating in the Audio Equipment market, holding a share of 6.52% in 2023.
Bose
Bose Corporation engineers, researches, develops, produces, markets, and retails loudspeakers, electronics, and software for the needs of professional applications worldwide. It offers automotive systems, combat vehicle crewman headsets, tactical headsets, ride systems, custom solutions for homeowners, speakers, micro Bluetooth speakers and headphones, and road noise control products.
Samsung Electronics
Samsung Electronics Co., Ltd., together with its subsidiaries, engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.
Segmentation Overview:
Among different product types, Headphones &Earphones segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Commercial segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Audio Equipment market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Audio Equipment Market Report:
Market Size Estimates: Audio Equipment market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Audio Equipment market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Audio Equipment market
Segment Market Analysis: Audio Equipment market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Audio Equipment market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Audio Equipment Market: Revenue and sales volume of major countries in each region
Audio Equipment Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Audio Equipment market in major regions.
Audio Equipment Industry Value Chain: Audio Equipment market raw materials & suppliers, manufacturing process, distributors, downstream customers
Audio Equipment Industry News, Policies & Regulations
Key players in the global Audio Equipment market are covered in Chapter 12:
Rode Microphones
Shure
LG Corporation
Samsung Electronics
Edifier Technology Co. Ltd.
Yamaha Corporation
Sony Corporation
Sound United LLC
Peavey Electronics Corporation
Bose
Sennheiser Group
Audio-Technica Corporation
Behringer
In Chapter 2 and Chapter 15.1, based on types, the Audio Equipment market from 2018 to 2028 is primarily split into:
Speakers & Monitors
Headphones & Earphones
Microphones
Musical Instruments
Audio Interfaces
In Chapter 3 and Chapter 15.2, based on applications, the Audio Equipment market from 2018 to 2028 covers:
Household
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Audio Equipment market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028