Market Overview:
The global Hi-Fi Speakers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-quality audio systems, especially in residential and commercial applications. In terms of type, the floor standing type is expected to hold a major share of the market during the forecast period, owing to its superior sound quality as compared to other types. By application, commercial applications are expected to witness higher growth rates as compared to residential applications during the forecast period.
Product Definition:
Hi-Fi Speakers are a type of loudspeaker that is designed to reproduce high-fidelity audio. They are typically used in audiophile systems, where the goal is to achieve the best possible sound quality. Hi-Fi Speakers can be distinguished from other types of loudspeakers by their construction and performance characteristics.
Floor Standing Type:
Floor standing type is a hi-fi speaker system that is designed to be placed on the floor. It usually consists of a subwoofer, which is used to produce low frequencies, and one or more speakers for high frequencies. The size of these systems varies; they can be as small as a bookcase with speakers or as large as an entertainment unit with amplifier and satellite radio. They are generally used in residential applications such as homes, hotels etc.
Desktop/Bookshelf Type:
Desktop/bookshelf type is a loudspeaker stand that is used to place the speakers in vertical or horizontal orientation. It can be adjusted to suit any size room and offers an aesthetic appeal with its wooden finish. The design of these products has been evolving over the years, as their form factor has been getting smaller and more convenient for placement on a desk or shelf.
Application Insights:
The commercial segment dominated the global hi-fi speakers market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand from various application areas such as residential and commercial sectors. In addition, a rise in demand for high-quality audio systems at affordable prices is expected to drive the product demand over the forecast period.
The residential sector is expected to witness significant growth over the forecast period owing to increasing consumer preference for home theatre systems with integrated surround sound system that provide crystal clear audio experience. Moreover, rising spending on home entertainment centers with premium features and aesthetics are anticipated to further fuel industry expansion over next seven years particularly across emerging markets including China, India and Brazil where consumers have been showing increased interest towards smart homes equipped with state-of-the art technology such as Amazon Echo or Google Home Mini devices which can be controlled through voice command thereby driving industry growth across these regions significantly.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing product demand as a result of increasing disposable income, along with rising adoption of high-tech gadgets in emerging economies such as China and India. Furthermore, growing popularity of outdoor hi-fi speakers due to enhanced audio quality will drive the regional market further.
North America accounted for a significant share owing to early adoption of advanced technologies coupled with presence of key industry players such as Bose Corporation; Harman International Industries; JBL, Inc.; and Logitech GmbH & Co., Ltd. Increasing preference for wireless music streaming devices is also anticipated to fuel growth over the next eight years. However, slow growth rate exhibited by this region may be attributed to saturated consumer base resulting from high level competition among prominent manufacturers operating within it (i.e., U.S.).
Growth Factors:
- Increasing demand for high-quality audio systems in the global market
- Growing popularity of home theaters and sound bars
- Proliferation of digital audio formats such as MP3, AAC, and FLAC
- Rising disposable income of consumers in developing countries
- Technological advancements in speaker design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Hi-Fi Speakers Market Research Report
By Type
Floor Standing Type, Desktop/Bookshelf Type
By Application
Residential, Commercial
By Companies
LG, Bose, Sound United, Creative Technologies, Dali, Definitive, EDIFIER, Samsung, KEF International, Monitor Audio Ltd, LG, Panasonic, Pioneer, ProAc, Revel, RUARK, Sony
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Hi-Fi Speakers Market Report Segments:
The global Hi-Fi Speakers market is segmented on the basis of:
Types
Floor Standing Type, Desktop/Bookshelf Type
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
Residential, Commercial
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:
- LG
- Bose
- Sound United
- Creative Technologies
- Dali
- Definitive
- EDIFIER
- Samsung
- KEF International
- Monitor Audio Ltd
- LG
- Panasonic
- Pioneer
- ProAc
- Revel
- RUARK
- Sony
Highlights of The Hi-Fi Speakers 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:
- Floor Standing Type
- Desktop/Bookshelf Type
- By Application:
- Residential
- Commercial
- 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 Hi-Fi Speakers 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
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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?
Hi-Fi speakers are a type of speaker that produce high quality sound. They are often used in homes to listen to music or watch movies. Hi-Fi speakers can be expensive, but they are worth the investment because they produce crystal clear sound.
Some of the key players operating in the hi-fi speakers market are LG, Bose, Sound United, Creative Technologies, Dali, Definitive, EDIFIER, Samsung, KEF International, Monitor Audio Ltd, LG, Panasonic, Pioneer, ProAc, Revel, RUARK, Sony.
The hi-fi speakers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hi-Fi Speakers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hi-Fi Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hi-Fi Speakers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hi-Fi Speakers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hi-Fi Speakers Market Size & Forecast, 2018-2028
4.5.1 Hi-Fi Speakers Market Size and Y-o-Y Growth
4.5.2 Hi-Fi Speakers Market Absolute $ Opportunity
Chapter 5 Global Hi-Fi Speakers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hi-Fi Speakers Market Size Forecast by Type
5.2.1 Floor Standing Type
5.2.2 Desktop/Bookshelf Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hi-Fi Speakers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hi-Fi Speakers Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hi-Fi Speakers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hi-Fi Speakers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hi-Fi Speakers Analysis and Forecast
9.1 Introduction
9.2 North America Hi-Fi Speakers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hi-Fi Speakers Market Size Forecast by Type
9.6.1 Floor Standing Type
9.6.2 Desktop/Bookshelf Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hi-Fi Speakers Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hi-Fi Speakers Analysis and Forecast
10.1 Introduction
10.2 Europe Hi-Fi Speakers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hi-Fi Speakers Market Size Forecast by Type
10.6.1 Floor Standing Type
10.6.2 Desktop/Bookshelf Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hi-Fi Speakers Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hi-Fi Speakers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hi-Fi Speakers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hi-Fi Speakers Market Size Forecast by Type
11.6.1 Floor Standing Type
11.6.2 Desktop/Bookshelf Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hi-Fi Speakers Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hi-Fi Speakers Analysis and Forecast
12.1 Introduction
12.2 Latin America Hi-Fi Speakers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hi-Fi Speakers Market Size Forecast by Type
12.6.1 Floor Standing Type
12.6.2 Desktop/Bookshelf Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hi-Fi Speakers Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hi-Fi Speakers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hi-Fi Speakers Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hi-Fi Speakers Market Size Forecast by Type
13.6.1 Floor Standing Type
13.6.2 Desktop/Bookshelf Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hi-Fi Speakers Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hi-Fi Speakers Market: Competitive Dashboard
14.2 Global Hi-Fi Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG
14.3.2 Bose
14.3.3 Sound United
14.3.4 Creative Technologies
14.3.5 Dali
14.3.6 Definitive
14.3.7 EDIFIER
14.3.8 Samsung
14.3.9 KEF International
14.3.10 Monitor Audio Ltd
14.3.11 LG
14.3.12 Panasonic
14.3.13 Pioneer
14.3.14 ProAc
14.3.15 Revel
14.3.16 RUARK
14.3.17 Sony
