H1 2024 saw the home audio market declining in both volume and value with year-on-year rates of -5.5% and -6.1% respectively. Full year 2024 is expected to remain negative although it will be slightly better than the H1 2024 performance with full year volume and value expected to reach 167m and $21.4bn which is 4.0% and 2.3% lower than full year 2023.
Although the home audio market is in decline, the Wireless speakers category remains the biggest-selling home audio product, growing at -5% and reaching 58m units in H1 2024.