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Global Audio Equipment Market Segmentation, Demand and Supply 2020

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Wisegui

Summary – A new market study, “Audio Equipment Global Market Report 2020 Markets Covered: 1) By Type: Loudspeakers; Microphones; Amplifiers; Turntables; Others; 2) By End User: B2B; B2C Companies Mentioned: Sennheiser; Yamaha; Audio-Tehcnica; Shure; AKG ”has been featured on WiseGuyReports.

ALSO READ: https://icrowdnewswire.com/2021/01/27/global-audio-equipment-market-industry-analysis-size-share-growth-trends-and-forecast-2021-2027/

 

Major players in the audio equipment market are Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, and MIPRO.

The audio equipment market consists of sales of audio equipment and related services that are used for entertainment, musical instrument amplification, motor vehicles, and public address. Audio equipment is a device that is used for recording, reproducing, and processing the sound. Audio equipment include speaker systems, stereo equipment, and amplifiers for musical instruments and public address systems.

The global audio equipment market was worth $33.37 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of -1.65% and reach $31.23 billion by 2023.

ALSO READ: http://www.marketwatch.com/story/cruise-travel-insurance-market-2021-share-growth-trend-industry-analysis-and-forecast-to-2026-2021-01-08

 

The audio equipment market is expected to be driven by growing demand for wireless audio devices. The demand for wireless audio devices is growing rapidly due to changing consumers’ behavior in media consumption and increasing popularity of mobile devices. Consumers are increasingly using their mobile devices, laptops and tablets to play audio on speakers wirelessly, which is driving the growth of Wi-Fi and Bluetooth connected speakers. Companies such as Samsung, Sony, LG and Bose are launching wireless audio products.

The audio equipment market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the audio equipment market in 2019.

The audio equipment market covered in this report is segmented by type into loudspeakers, microphones, amplifiers, turntables and others and by end user into B2B and B2C.

Regulations by government have always been challenging to the audio equipment market as loudspeakers usage is one of the main reason for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, increased stress level and can even lead to coronary artery disease. In India, in 2017, the Supreme Court passed a regulation which restricts the use of public address systems at night (between 10:00pm and 6:00am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the audio equipment market.

ALSO READ: http://www.marketwatch.com/story/global-enterprise-social-software-market-2020-segmentation-demand-growth-trend-opportunity-and-forecast-to-2026-2020-10-09

 

The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers.

In September 2019, the US based company, Sonance announced that it has entered into an agreement with James Loudspeaker to acquire James for an undisclosed amount. The aim of the deal is to combine engineering technology to reinforce their goal of providing superior acoustic performance in products by delivering innovative approaches. James Loudspeaker is a US based company and an innovator in both high performance residential and commercial audio solutions. It produces products for exclusive homes, forward-thinking businesses, and upscale marine applications.

Audio Equipment Global Market Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global audio equipment market.

Reasons to Purchase
• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:
Where is the largest and fastest growing market for the audio equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Audio Equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider audio equipment market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The audio equipment market section of the report gives context. It compares the audio equipment market with other segments of the audio equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, audio equipment indicators comparison.

ALSO READ: http://www.marketwatch.com/story/honeycomb-sandwich-material-industry-2021-top-manufacturers-analysis-production-cost-raw-materials-supply-and-forecasts-upto-2025-2021-01-19

 

Scope

Markets Covered: 1) By Type: Loudspeakers; Microphones; Amplifiers; Turntables; Others; 2) By End User: B2B; B2C

Companies Mentioned: Sennheiser; Yamaha; Audio-Tehcnica; Shure; AKG

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

 

 ALSO READ: http://www.marketwatch.com/story/honeycomb-sandwich-material-industry-2021-top-manufacturers-analysis-production-cost-raw-materials-supply-and-forecasts-upto-2025-2021-01-19

 

About Us:

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.      

 

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