Author: Kavish Patel Guy Hammett
Date Published:
This report provides an updated outlook for the worldwide home audio market, quantifying the market in terms of value and volume. Reviewing products such as wireless speakers, soundbars, A/V receivers, Hi-Fi systems and smart speakers, the report provides a comprehensive insight into market dynamics. Shipments are reported at sell-in.
This report is accompanied by a detailed Excel spreadsheet which segments data by 38 regions/countries (for those who have a global subscription). The report provides a strategic framework for any enterprise with an interest in the home audio equipment market.
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.
| Comprehensive PDF report
| Executive summary
| Home audio market size
| Home audio market outlook by region and by device
| Wireless speaker market outlook, development and ownership
| Wi-Fi speakers brand share and price segmentation
| Smart speaker market outlook and usage
| Bluetooth speakers brand share
| Party speakers
| Soundbars market outlook, usage, segmentation and brand share
| Hi-Fi systems market outlook
| A/V receivers market outlook
| Home audio brand landscape
| Accompanying Excel spreadsheets
| An updated outlook for the worldwide home audio market
| Sales, shipment volumes, and installed base
| Five-year market forecasting
| Vertical analyses
Futuresource has been tracking, researching and consulting on the CE landscape for the last 30 years. This publication is one in a series of research reports, produced to provide businesses with a fully rounded view of the market.
Any business operating within the home audio space and related sectors will benefit from this report, particularly:
| Manufacturers and their suppliers
| Intermediaries and supply chain
| Retailers
| CE market strategists, marketing and sales professionals
| Investors
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