Market Overview:
The global HiFi audio products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-quality audio products, especially from residential and commercial applications. In terms of type, the speakers & sound bars segment is expected to lead the global HiFi audio products market during the forecast period, followed by network media players and Blu-Ray players segments. The headphones segment is also expected to witness significant growth during the forecast period.
Product Definition:
HiFi audio products are designed to provide the best possible sound quality. They can be used to improve the sound quality of music, movies, or other audio content. HiFi audio products are typically more expensive than standard audio products, but many people believe that they offer a superior listening experience.
Speakers & Sound Bars:
The global speakers and sound bars market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes growing demand for home theatre systems and rising disposable income among middle-class families in emerging economies including China, India, Brazil, Thailand, Vietnam and Mexico.
Also increasing adoption of smart devices such as mobile phones.
Network Media Players:
Network media players (NMP) are also known as network audio players. They comprise of a digital-to-analog converter, tuner, amplifier and speakers or headphones. The system is used to play back the audio files stored on a computer or NAS drive over the network.
Application Insights:
The commercial application segment dominated the global hiFi audio products market, accounting for a share of more than 70.0% in 2017. The growth can be attributed to the rising adoption of high-end technology in commercial spaces such as hotels, restaurants and shopping malls among others. In addition, an increasing number of entertainment options coupled with advanced audio systems is driving the demand for high-end sound systems in commercial places globally.
The residential application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing consumer preference for premium home theatre experience along with advanced features such as Dolby Atmos and DTS:X surround sound technologies supported by network media players and blu-ray players among others globally.
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 increasing product penetration, rising disposable income of consumers, and growing adoption of advanced technologies such as Bluetooth connectivity. Furthermore, increasing number of branded retail outlets in countries such as China and India are contributing towards regional growth. Increasing demand for music across various application segments including corporate offices, pubs & bars is also driving the industry growth across this region. North America accounted for a significant share owing to high disposable income coupled with high spending on leisure activities by consumers from U.S., Canada, and Mexico countries; which include purchasing premium quality audio products with advanced features at competitive prices along with upgrading existing home entertainment systems in their homes or buying new ones based on specific requirements provided by customers themselves rather than following any pre-defined patterns set by manufacturers themselves).
Growth Factors:
- Increasing demand for high-quality audio products from consumers
- Rising disposable income of consumers in developing countries
- Proliferation of digital content and the growing popularity of streaming services
- Technological advancements that have led to the development of new and innovative audio products
- Growing demand for home entertainment systems
Scope Of The Report
Report Attributes
Report Details
Report Title
HiFi Audio Products Market Research Report
By Type
Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones
By Application
Residential, Commercial
By Companies
Onkyo, Bowers & Wilkins, Bose, Panasonic, Harman International, Sony, LG, DEI Holdings, Yamaha, Sharp, Pioneer
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global HiFi Audio Products Market Report Segments:
The global HiFi Audio Products market is segmented on the basis of:
Types
Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones
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:
- Onkyo
- Bowers & Wilkins
- Bose
- Panasonic
- Harman International
- Sony
- LG
- DEI Holdings
- Yamaha
- Sharp
- Pioneer
Highlights of The HiFi Audio Products 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:
- Speakers & Sound Bars
- Network Media Players
- Blu-Ray Players
- Dvd Player
- Headphones
- 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 HiFi Audio Products 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
HiFi Audio Products is a company that manufactures high-quality audio products. They produce products such as home theater systems, headphones, and speakers.
Some of the key players operating in the hifi audio products market are Onkyo, Bowers & Wilkins, Bose, Panasonic, Harman International, Sony, LG, DEI Holdings, Yamaha, Sharp, Pioneer.
The hifi audio products 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. HiFi Audio Products 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. HiFi Audio Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HiFi Audio Products Market - Supply Chain
4.5. Global HiFi Audio Products Market Forecast
4.5.1. HiFi Audio Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HiFi Audio Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. HiFi Audio Products Market Absolute $ Opportunity
5. Global HiFi Audio Products 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. HiFi Audio Products Market Size and Volume Forecast by Type
5.3.1. Speakers & Sound Bars
5.3.2. Network Media Players
5.3.3. Blu-Ray Players
5.3.4. Dvd Player
5.3.5. Headphones
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HiFi Audio Products 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. HiFi Audio Products Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HiFi Audio Products 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. HiFi Audio Products 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 HiFi Audio Products 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. HiFi Audio Products 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 HiFi Audio Products Demand Share Forecast, 2019-2026
9. North America HiFi Audio Products 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 HiFi Audio Products 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 HiFi Audio Products Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HiFi Audio Products Market Size and Volume Forecast by Type
9.7.1. Speakers & Sound Bars
9.7.2. Network Media Players
9.7.3. Blu-Ray Players
9.7.4. Dvd Player
9.7.5. Headphones
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 HiFi Audio Products Demand Share Forecast, 2019-2026
10. Latin America HiFi Audio Products 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 HiFi Audio Products 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 HiFi Audio Products Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HiFi Audio Products Market Size and Volume Forecast by Type
10.7.1. Speakers & Sound Bars
10.7.2. Network Media Players
10.7.3. Blu-Ray Players
10.7.4. Dvd Player
10.7.5. Headphones
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 HiFi Audio Products Demand Share Forecast, 2019-2026
11. Europe HiFi Audio Products 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 HiFi Audio Products 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 HiFi Audio Products Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HiFi Audio Products Market Size and Volume Forecast by Type
11.7.1. Speakers & Sound Bars
11.7.2. Network Media Players
11.7.3. Blu-Ray Players
11.7.4. Dvd Player
11.7.5. Headphones
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 HiFi Audio Products Demand Share, 2019-2026
12. Asia Pacific HiFi Audio Products 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 HiFi Audio Products 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 HiFi Audio Products Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HiFi Audio Products Market Size and Volume Forecast by Type
12.7.1. Speakers & Sound Bars
12.7.2. Network Media Players
12.7.3. Blu-Ray Players
12.7.4. Dvd Player
12.7.5. Headphones
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 HiFi Audio Products Demand Share, 2019-2026
13. Middle East & Africa HiFi Audio Products 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 HiFi Audio Products 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 HiFi Audio Products Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HiFi Audio Products Market Size and Volume Forecast by Type
13.7.1. Speakers & Sound Bars
13.7.2. Network Media Players
13.7.3. Blu-Ray Players
13.7.4. Dvd Player
13.7.5. Headphones
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 HiFi Audio Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HiFi Audio Products Market: Market Share Analysis
14.2. HiFi Audio Products Distributors and Customers
14.3. HiFi Audio Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Onkyo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bowers & Wilkins
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bose
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Harman International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sony
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DEI Holdings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamaha
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sharp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pioneer
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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