Market Overview:
The global home theatre market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for home theatre systems owing to their superior sound quality and features as compared to traditional television speakers. In addition, the growing trend of smart homes is also contributing towards the growth of the global home theatre market. The global home theatre market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into Home Theatre in a Box System (HTiB), Sound Bar and Component Systems. HTiB systems are expected to dominate the global home theatre market due their low cost and easy installation as compared to other types of systems. On account of rising disposable income levels and changing consumer preferences, demand for high-end sound bars is also increasing rapidly across regions such as North America and Europe.
Product Definition:
A home theatre is a system in a private residence that reproduces audio and video signals for viewing television or movies. The term is also used to refer to a room where such equipment is installed. Home theaters are designed to provide the best possible experience for viewers, with good sound quality and picture resolution.
Home Theatre in a Box System:
Home theatre in a box system is a set of components that consists of amplifier, speakers, and headphones or speaker system. The home theatre in a box systems are gaining popularity among the consumers owing to its compact size and low cost as compared to the conventional home cinema systems. In addition, it offers more flexibility than the conventional home cinema equipment as it can be used with different types of media devices such as CD player, MP3 player etc.
Sound Bar:
Sound bar is a device that produces sound using speakers and other electronic devices. It's main function is to enhance the audio experience of consumers by providing rich, deep, clear and powerful sound. The product also provides multi-channel surround sound with 2-4 channels for left/right stereo headphones output along with auxiliary input for connecting MP3 players or CD player.
Application Insights:
Application I includes the use of home theatre for recreational purposes and Application II includes application in commercial places like hotels, restaurants and shopping malls. The commercial application segment dominated the market with a share of 72.1% in 2017 owing to the growing trend of watching movies/TV shows at theaters or cinemas instead of watching it at home on TVs or computers. Moreover, this factor would also increase demand for HT systems as people prefer spending their weekends/holiday nights outwatching movies at theaters than staying home alone watching TV sets connected to internet streaming services.
The Application II segment is expected to witness significant growth over the forecast period due to rising adoption by consumers preferring spending their evenings outwatching movies on big screen TVs while dining or drinking together with friends and family members at pubs, bars & clubs across various regions globally.
Regional Analysis:
Asia Pacific dominated the global home theatre market in 2017. This can be attributed to growing trend of living a luxurious lifestyle among the middle-class population, which has increased disposable income. Furthermore, increasing penetration of smart devices and rapid technological advancements are also expected to drive demand for home theatres in this region over the forecast period.
North America is expected to witness significant growth over the next eight years owing to rising consumer awareness regarding advanced technologies such as wireless connectivity and digital audio broadcasting (DAB). Moreover, presence of key players such as LG Electronics Inc.; Panasonic Corporation; Sony Corporation; Samsung Group; and VIZIO LLC is also contributing towards regional growth. Increasing adoption of DAB technology along with growing trend toward digital music is anticipated to further fuel demand for these systems in North America during the forecast period.
Growth Factors:
- Increasing demand for home theatres in the developing countries as a result of rising income levels and changing lifestyles.
- Growing popularity of home theatre systems among the young population due to their affinity for new technology and growing disposable incomes.
- Proliferation of digital content (movies, music, etc.) available online and through streaming services that is driving consumers to invest in home theatre systems to enjoy this content at its best quality possible.
- Increasing number of households with multiple TVs that are being used as displays for home theatres, thereby driving demand for these systems even further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Theatre Market Research Report
By Type
Home Theatre in a Box System, Sound Bar, Component Systems
By Application
Application I, Application II
By Companies
Bose, LG Electronics, Panasonic, Samsung, Sony, Akai Electronics, Koninklijke Philips N.V., Bowers & Wilkins, Atlantic Technology, Toshiba, Yamaha, Harman, Onkyo (Pioneer), VIZIO, D+M Group (Sound United), VOXX International, Nortek, Creative Technologies, EDIFIER
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Home Theatre Market Report Segments:
The global Home Theatre market is segmented on the basis of:
Types
Home Theatre in a Box System, Sound Bar, Component Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Application I, Application II
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bose
- LG Electronics
- Panasonic
- Samsung
- Sony
- Akai Electronics
- Koninklijke Philips N.V.
- Bowers & Wilkins
- Atlantic Technology
- Toshiba
- Yamaha
- Harman
- Onkyo (Pioneer)
- VIZIO
- D+M Group (Sound United)
- VOXX International
- Nortek
- Creative Technologies
- EDIFIER
Highlights of The Home Theatre Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Theatre in a Box System
- Sound Bar
- Component Systems
- By Application:
- Application I
- Application II
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Theatre Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home theatre is a term used to describe the use of audio and video equipment in a home environment for entertainment purposes. This can include devices such as televisions, DVD players, Blu-ray players, gaming consoles, and sound systems.
Some of the major players in the home theatre market are Bose, LG Electronics, Panasonic, Samsung, Sony, Akai Electronics, Koninklijke Philips N.V., Bowers & Wilkins, Atlantic Technology, Toshiba, Yamaha, Harman, Onkyo (Pioneer), VIZIO, D+M Group (Sound United), VOXX International, Nortek, Creative Technologies, EDIFIER.
The home theatre market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Theatre Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Theatre Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Theatre Market - Supply Chain
4.5. Global Home Theatre Market Forecast
4.5.1. Home Theatre Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Theatre Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Theatre Market Absolute $ Opportunity
5. Global Home Theatre Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Theatre Market Size and Volume Forecast by Type
5.3.1. Home Theatre in a Box System
5.3.2. Sound Bar
5.3.3. Component Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Theatre Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Theatre Market Size and Volume Forecast by ApplicationIII
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Theatre Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Theatre Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Theatre Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Theatre Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Theatre Demand Share Forecast, 2019-2029
9. North America Home Theatre Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Theatre Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Theatre Market Size and Volume Forecast by ApplicationIII
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Theatre Market Size and Volume Forecast by Type
9.7.1. Home Theatre in a Box System
9.7.2. Sound Bar
9.7.3. Component Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Theatre Demand Share Forecast, 2019-2029
10. Latin America Home Theatre Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Theatre Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Theatre Market Size and Volume Forecast by ApplicationIII
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Theatre Market Size and Volume Forecast by Type
10.7.1. Home Theatre in a Box System
10.7.2. Sound Bar
10.7.3. Component Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Theatre Demand Share Forecast, 2019-2029
11. Europe Home Theatre Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Theatre Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Theatre Market Size and Volume Forecast by ApplicationIII
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Theatre Market Size and Volume Forecast by Type
11.7.1. Home Theatre in a Box System
11.7.2. Sound Bar
11.7.3. Component Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Theatre Demand Share, 2019-2029
12. Asia Pacific Home Theatre Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Theatre Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Theatre Market Size and Volume Forecast by ApplicationIII
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Theatre Market Size and Volume Forecast by Type
12.7.1. Home Theatre in a Box System
12.7.2. Sound Bar
12.7.3. Component Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Theatre Demand Share, 2019-2029
13. Middle East & Africa Home Theatre Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Theatre Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Theatre Market Size and Volume Forecast by ApplicationIII
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Theatre Market Size and Volume Forecast by Type
13.7.1. Home Theatre in a Box System
13.7.2. Sound Bar
13.7.3. Component Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Theatre Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Home Theatre Market: Market Share Analysis
14.2. Home Theatre Distributors and Customers
14.3. Home Theatre Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bose
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LG Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Samsung
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sony
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Akai Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koninklijke Philips N.V.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bowers & Wilkins
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Atlantic Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Yamaha
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Harman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Onkyo (Pioneer)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. VIZIO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. D+M Group (Sound United)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. VOXX International
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nortek
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Creative Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. EDIFIER
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
