This luxury audio market report provides an updated outlook for global developments in high-end audio equipment, defined as items that cost more than $5,000 per unit, or $10,000 per pair in the case of loudspeakers. Devices covered include loudspeakers, two-channel amplifiers, turntables, multichannel amps, receivers and sound processors, soundbars, headphones and wireless speakers.
The data in this report is based on original primary research conducted by a team of audio market specialists at Futuresource Consulting in Q4 2022. The methodology involved a combination of leveraging in-house market figures and expertise, and original research with vendors and channel partners operating within the global luxury audio equipment market.
The report provides a strategic framework for any enterprise with an interest in the home premium audio equipment market.
Global shipments of luxury audio electronics continue to rise, with many premium audio manufacturers documenting consecutive years of record highs. Trends that took hold during the pandemic also continue to maintain their momentum, with consumption of music and video moving along a pronounced growth trajectory. Access to better quality content has also increased, as streaming services offer higher resolution visuals and audio. There is also a growing focus on delivering a spatial audio experience.
Despite the economic uncertainties created by global inflation, recession and the Russia-Ukraine war, Futuresource notes that a growing percentage of the global population can afford luxury audio goods. Furthermore, subsidies introduced by various economies encourage people to spend on luxury products, including audio equipment.
Recent end-user research from Futuresource also shows that consumers are willing to spend more on luxury audio devices, due to a preference for sustainable products that feature the latest technology. Buyers want to invest in good quality products with long lifecycles, allowing repairs or updates without having to replace the device.
With all the positive market action, Futuresource expects the global luxury audio market to grow at a healthy rate, with volumes expanding at 12% CAGR between 2021 and 2026, representing 939,000 shipments and a retail value of $4.9 billion by the end of the forecast period.
| Comprehensive PDF report
| Executive summary
| Impact of socio-economic developments
| Market overview and outlook
| Regional breakdown
| High-fidelity audio equipment
| Individual product category outlook
| 2-channel amplifiers
| Multichannel amps, receivers and sound processors
| Wireless speakers
| An updated outlook for the worldwide luxury audio market
| Market size in units and retail value from 2020 to 2026
| Market segmentation by equipment type in volume and value
| Major market players and their market shares by volume and value
| Average retail prices
| Market commentary relating to market trends and forecast assumptions
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
| CE market strategists, marketing and sales professionals
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