Futuresource Consumer Home Audio Market

Report Enquiry View Report

Consumer Electronics

Date Published: 19 Dec 2023

This report provides an updated outlook for the worldwide home audio market. It quantifies the market in terms of value and volume for 2021 to 2027.

The products under review are: wireless speakers, soundbars, A/V receivers and Hi-Fi systems. The outlook for smart speakers is also considered.

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.

Market conditions remain difficult for the home audio market, with a prolonged period of compressed demand caused in the wake of abnormal trading conditions during the years affected by the Covid-19 pandemic. 2023 is expected to see the home audio market decline. The worst quarter occurred in Q3 2023, which saw shipments and revenues decline by a slightly more aggressive 13% and 8% respectively.

Soundbars in particular have been hard hit, with shipments declining 16% for Q1-3 2023. However, this has been partially offset by strong price inflation, which has allowed soundbar revenue to fare slightly better than the wider average for the home audio market, declining at a smaller rate than the market wide decline.

Year-to-date figures for 2023 show that soundbars above $500 account for half of all soundbar revenues, demonstrating the significant growth potential for this segment of the market despite a wider slowdown in other business segments.

| 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