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Published Date: 2014-06-25Number of Pages: 85

Home Audio Equipment Market (Product Types - Home Theatre in-a-box, Home audio systems, Home radios, Other home audio accessories) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

The global market for home audio equipment continues to grow owing to the rocketing sales of technologies, such as Blu-ray, and the resurgence of the HTiB (Home Theatre in-a-Box) market. The home audio equipment market is expected to foresee continuous growth in the upcoming years due to the innovative product development with technologically advanced features being incorporated in devices, rising popularity of audio technologies and growing consumer preference for high-quality content. Other important factors supporting the growth of this market include widening consumer base in the Middle East, Latin America, and Asia-Pacific, rise in disposable incomes and growing urbanization trend.

The research study titled “Home Audio Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments such as home theatre in-a-box (HTiB), home audio systems, home radios, and other home audio accessories and provides market insights and data about the size and growth of each segment. The report includes detailed analysis of the prevalent market trends and company profiles. To provide better understanding of the competition in the market, the report also includes Porter’s five force model analysis, value chain analysis, and market attractiveness analysis. The study on the global home audio equipment market has been conducted with an objective to provide a thorough coverage of underlying technological and economic issues driving the home audio equipment manufacturing business. The report provides market data and forecast for the home audio equipment segments with an in-depth analysis of the global market, which has been further segmented on the basis of major geographical regions, from 2013 to 2019. The segmentation has been done to provide strategic insight for each category, enabling stakeholders across the value chain to gain considerable business intelligence.

The report aims to provide a comprehensive overview of market data and trends in North America, Europe, Asia-Pacific and Rest of the World (RoW) for emerging audio products in terms of USD billion. The report identifies factors driving and restraining growth, and future business opportunities in the home audio equipment manufacturing business. This section includes market revenue (2012 – 2019) and forecast (2013 – 2019) for home audio equipment products in each regional market, in terms of USD billion. The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global home audio equipment market. The competitive landscape section in the report provides market share analysis of the major players in the global market in 2012. 

Different product segments covered under the research study are defined as follows:
  • Home theatre in-a-box (HTiB) – Home theatre in-a-box is a combination of DVD or Blu-ray player, a multi-channel amplifier, and a set of five or more surround sound speakers. This segment includes multiple channel HTiBs including 5.1 channel, 6.1 channel, 7.1 channel, and 9.1 channel.
  • Home audio systems – This segment includes different types of audio systems used at home. These include compact audio systems, MP3 players, rack systems, cassette deck, CD/DVD players, mini disc players and others.
  • Home radios – This segment includes the radio devices used at home
  • Other home audio accessories – This segment includes different types of accessories used in home audio systems such as speakers, subwoofers, amplifiers, set top boxes, microphones, headphones, and others.
Besides analyzing the global home audio equipment market segment-wise, the report includes profiles of the major players along with their market positions, business strategies and various recent developments. Companies profiled in the report include Akai, Dolby Laboratories Inc., DTS Inc., JVC KENWOOD Holdings Inc., Koninklijke Philips Electronics NV, LG Electronics, Panasonic Corporation, Sanyo Electric Co. Ltd., Nakamichi Corporation, Onkyo Corporation, Pioneer Corporation, Sharp Corp., and Sony Corporation among others.

The global home audio equipment market is segmented as follows:

Home Audio Equipment Market, by product type
  • Home Theatre in-a-box
    • 5.1 channel
    • 6.1 channel
    • 7.1 channel
    • 9.1 channel
  • Home audio systems
  • Home radios
  • Other home audio accessories 
Home Audio Equipment Market, by geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World


Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Global Home Audio Equipment Market Analysis
3.1 Introduction
3.2 Market trends and future outlook
3.3 Market dynamics
      3.3.1 Drivers
               3.3.1.1 Increasing disposable income fosters consumer spending on home audio systems
               3.3.1.2 Increasing demand for home audio networking
      3.3.2 Restraints
               3.3.2.1 Fear of hearing loss
      3.3.3 Opportunities
               3.3.3.1 Emergence of realistic immersive home audio equipment
3.4 Value chain analysis
3.5 Porter’s five force analysis
      3.5.1 Bargaining power of suppliers
      3.5.2 Bargaining power of buyers
      3.5.3 Threat from new entrants
      3.5.4 Threat from substitutes
      3.5.5 Degree of competition
3.6 Market attractiveness analysis
3.7 Market share analysis
      3.7.1 Market shares of major players, 2013 (%)
      3.7.2 Competitive strategies adopted by key players

Chapter 4 Global Home Audio Equipment Market, by Product 2013 – 2019
4.1 Introduction
4.2 Home theater in-a-box
      4.2.1 5.1 channels
      4.2.2 6.1 channels
      4.2.3 7.1 channels
      4.2.4 9.1 channels
4.3 Home audio systems
4.4 Home radios
4.5 Others home audio accessories (including mp3 players, headphones, and so on)

Chapter 5 Global Home Audio Equipment Market, by Geography 2013 – 2019
5.1 Introduction
5.2 North America
      5.2.1 North America home audio equipment market size and forecast, by product type, 2012 – 2019
      5.2.2 North America home theatre in-a-box market size and forecast, by product, 2012 – 2019
5.3 Europe
      5.3.1 Europe home audio equipment market size and forecast, by product type, 2012 – 2019
      5.3.2 Europe home theatre in-a-box market size and forecast, by product, 2012 – 2019
5.4 Asia Pacific
      5.4.1 Asia Pacific home audio equipment market size and forecast, by product type, 2012 – 2019
      5.4.2 Asia Pacific home theatre in-a-box market size and forecast, by product, 2012 – 2019
5.5 Rest of the world (RoW)
      5.5.1 RoW home audio equipment market size and forecast, by product type, 2012 – 2019
      5.5.2 RoW home theatre in-a-box market size and forecast, by product, 2012 – 2019

Chapter 6 Company Profiles
6.1 Akai Electric Co. Ltd
      6.1.1 Company overview
      6.1.2 Financial overview
      6.1.3 Business strategies
      6.1.4 SWOT analysis
      6.1.5 Recent developments
6.2 Dolby Laboratories Inc.
      6.2.1 Company overview
      6.2.2 Financial overview
      6.2.3 Business strategies
      6.2.4 SWOT analysis
      6.2.5 Recent developments
6.3 DTS Inc.
      6.3.1 Company overview
      6.3.2 Financial overview
      6.3.3 Business strategies
      6.3.4 SWOT analysis
      6.3.5 Recent developments
6.4 JVC KENWOOD Holdings Inc
      6.4.1 Company overview
      6.4.2 Financial overview
      6.4.3 Business strategies
      6.4.4 SWOT analysis
      6.4.5 Recent developments
6.5 Koninklijke Philips Electronics NV
      6.5.1 Company overview
      6.5.2 Financial overview
      6.5.3 Business strategies
      6.5.4 SWOT analysis
      6.5.5 Recent developments
6.6 LG Electronics Inc
      6.6.1 Company overview
      6.6.2 Financial overview
      6.6.3 Business strategies
      6.6.4 SWOT analysis
      6.6.5 Recent developments
6.7 Panasonic Corporation
      6.7.1 Company overview
      6.7.2 Financial overview
      6.7.3 Business strategies
      6.7.4 SWOT analysis
      6.7.5 Recent developments
6.8 Bose Corporation
      6.8.1 Company overview
      6.8.2 Financial overview
      6.8.3 Business strategies
      6.8.4 SWOT analysis
      6.8.5 Recent developments
6.9 Sanyo Electric Co. Ltd.,
      6.9.1 Company overview
      6.9.2 Financial overview
      6.9.3 Business strategies
      6.9.4 SWOT analysis
      6.9.5 Recent developments
6.10 Nakamichi Corporation
      6.10.1 Company overview
      6.10.2 Financial overview
      6.10.3 Business strategies
      6.10.4 SWOT analysis
      6.10.5 Recent developments
6.11 Onkyo Corporation
      6.11.1 Company overview
      6.11.2 Financial overview
      6.11.3 Business strategies
      6.11.4 SWOT analysis
      6.11.5 Recent developments
6.12 Pioneer Corporation
      6.12.1 Company overview
      6.12.2 Financial overview
      6.12.3 Business strategies
      6.12.4 SWOT analysis
      6.12.5 Recent developments
6.13 Sharp Corporation
      6.13.1 Company overview
      6.13.2 Financial overview
      6.13.3 Business strategies
      6.13.4 SWOT analysis
      6.13.5 Recent developments
6.14 Sony Corporation
      6.14.1 Company overview
      6.14.2 Financial overview
      6.14.3 Business strategies
      6.14.4 SWOT analysis
      6.14.5 Recent developments

List of Figures 

FIG. 1 Market segmentation: Global home audio equipment market
FIG. 2 Value chain analysis for home audio equipment market
FIG. 3 Porter’s five force analysis for home audio equipment market
FIG. 4 Market attractiveness analysis for home audio equipment market, by product types
FIG. 5 Market shares of major players, 2013 (%)
FIG. 6 Global home audio equipment market shares, by product, 2012 & 2019 (%)
FIG. 7 Global home theater in-a-box market size and forecast, 2012 - 2019 (USD billion)
FIG. 8 Global 5.1 channel home theatre in-a-box market size and forecast, 2012 - 2019 (USD billion)
FIG. 9 Global 6.1 channel home theatre in-a-box market size and forecast, 2012 - 2019 (USD billion)
FIG. 10 Global 7.1 channel home theatre in-a-box market size and forecast, 2012 - 2019 (USD billion)
FIG. 11 Global 9.1 channel home theatre in-a-box market size and forecast, 2012 - 2019 (USD billion)
FIG. 12 Global home audio systems market size and forecast, 2012 - 2019 (USD billion)
FIG. 13 Ownership of computers, smartphones or mobile phones, tablets, and standard radio devices among internet radio listeners (%)
FIG. 14 Global home radios market size and forecast, 2012 - 2019 (USD billion)
FIG. 15 Other home audio accessories (including mp3 players, headphones, and so on) market size and forecast, 2012 - 2019 (USD billion)
FIG. 16 Global home audio equipment market shares, by geography, 2012 & 2019 (%)
FIG. 17 North America home audio equipment market size and forecast, 2012 - 2019 (USD billion)
FIG. 18 Europe home audio equipment market size and forecast, 2012 - 2019 (USD billion)
FIG. 19 Asia Pacific home audio equipment market size and forecast, 2012 - 2019 (USD billion)
FIG. 20 RoW home audio equipment market size and forecast, 2012 - 2019 (USD billion)
FIG. 21 Dolby Laboratories Inc: Annual revenue, 2010 – 2012 (USD billion)
FIG. 22 DTS Inc: Annual revenue, 2011 – 2013 (USD million)
FIG. 23 JVC Kenwood Holding Inc: Optical & audio segment revenue, 2010 – 2012 (USD billion)
FIG. 24 Koninklijke Philips Electronics NV: Consumer lifestyle segment revenue, 2010 – 2012 (USD million)
FIG. 25 LG Electronics Inc: Annual revenue, 2012 - 2013 (USD billion)
FIG. 26 Panasonic Corporation: Annual revenue, 2010 – 2013 (USD billion)
FIG. 27 Sanyo Electric Co Ltd: Annual revenue and digital system segment revenue, 2010 – 2011 (USD billion)
FIG. 28 Onkyo Corporation: Annual revenue, 2010 – 2012 (USD million)
FIG. 29 Pioneer Corporation: Annual revenue and home electronics segment revenue, 2011 – 2013 (USD billion)
FIG. 30 Sharp Corporation: Annual revenue and audio-visual and communication segment revenue, 2011 – 2013 (USD billion)
FIG. 31 Sony Corporation: Annual revenue, 2012 – 2013 (USD billion)

List of Tables

TABLE 1 Market snapshot for global home audio equipment market, 2012 & 2019
TABLE 2 North America home audio equipment market size and forecast, by product type, 2012 – 2019 (USD billion)
TABLE 3 North America home theatre in-a-box market size and forecast, by product, 2012 – 2019 (USD billion)
TABLE 4 Europe home audio equipment market size and forecast, by product type, 2012 – 2019 (USD billion)
TABLE 5 Europe home theatre in-a-box market size and forecast, by product, 2012 – 2019 (USD billion)
TABLE 6 Asia Pacific home audio equipment market size and forecast, by product type, 2012 – 2019 (USD billion)
TABLE 7 Asia Pacific home theatre in-a-box market size and forecast, by product, 2012 – 2019 (USD billion)
TABLE 8 RoW home audio equipment market size and forecast, by product type, 2012 – 2019 (USD billion)
TABLE 9 RoW home theatre in-a-box market size and forecast, by product, 2012 – 2019 (USD billion)

Growing entertainment industry has led to increasing demand for home audio equipment. Increasing usage of online entertainment, deployment of reliable and sophisticated music storage equipment and high-speed data streaming are expected to foster innovations in the home audio equipment market.

Growing consumer preference for better quality products and rise in disposable incomes of families are mainly encouraging customers to buy such home entertainment products, thus, driving the market for home audio equipment. Additionally, availability of home theatre system that can perform audio/video switching and play and stream audio stored on PC and internet radio stations is expected to boost the home audio equipment market. However, fear of hearing loss is the major restrain for this market. Introduction of wireless streaming is expected to boost the demand for home audio equipment.

Home audio systems including music players, Blu-ray players, along with LCD and LED TVs and HTiBs are the most popular products in the market. In case of product types, other home audio accessories segment which includes speakers, subwoofers, and microphones among others held the largest share in 2012. This is mainly due to growing popularity of music applications and streaming capabilities. However, home theater in-a-box segment is expected to grow at faster rate due to the rising usage of digital entertainment and rapid transition to online platforms. 

In 2012, Europe held the largest market share and accounted for 29.6% of the global home audio equipment market. This is because consumers in Europe are early adopter of technologically advanced entertainment products such as smartphones, Blu-ray players, and televisions among others. The Asia Pacific region is expected to be to the fastest growing owing to the rise in living standards of the population and presence of most home audio equipment manufacturers in the region.

home-audio-equipment-market

The global market for home audio equipment is fragmented in nature and contains leading players namely Akai, Dolby Laboratories Inc., DTS Inc., JVC KENWOOD Holdings Inc., Koninklijke Philips Electronics NV, LG Electronics, Panasonic Corporation, Sanyo Electric Co. Ltd., Nakamichi Corporation, Onkyo Corporation, Pioneer Corporation, Sharp Corp., and Sony Corporation.

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