Worldwide home audio units have declined in Q2 2024 year on year where unsaturated markets such as Latin America and Eastern Europe have seen higher rates of growth than other developed markets such as Western Europe and North America. As the economic outlook and people’s incomes rises, there are more first time buyers entering the market. Latin America and Eastern Europe posted growth levels of 8.6% and 17.8% respectively which shows that these markets have a higher growth potential.
Futuresource Consumer Home Audio Tracker
The home audio quarterly tracker report is a regular output of Futuresource Consulting’s home audio equipment market research program. This report provides an update on the global home audio market size and home audio market share, as well as provides market data.
Products under review are wireless speakers, soundbars and Hi-Fi systems, providing a strategic framework for any enterprise with an interest in home audio products. For those subscribers with Analyzer, it’s also accompanied by the Futuresource Analyzer Cube, along with a detailed spreadsheet which breaks out six regions and 11 countries. For annual subscribers, there’s also a dashboard deliverable.
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