Home Theatre Market size was valued at US$ 9.15 Bn. in 2020 and Box System is one of the dominating segments reviewed in our report is dominating Global Home Theatre Market
Home Theatre Market Overview:A home theatre system is a combination of electronic components designed to recreate the cinematic experience. Watching a movie on a home theatre system is more immersive than watching it on a regular TV. Home cinema is perceived as a sound and video module action aimed at rethinking the experience of watching a movie in a multiplex or theatre. Home theatres are the most creative and high-quality innovations that have recently emerged and have enhanced the entertainment experience on many levels. Over time, home venues have evolved to drive innovation and media. More recent items are being presented by manufacturers that are currently feasible on a variety of specialized devices, which has increased the interest of tech-savvy customers in home auditoriums. The latest home theatre frameworks have exhilarating components of voice support such as the Echo and Alexa. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Home Theatre Market Dynamics:The sale of electronic gadgets has seen rapid growth in the last 10 years as new companies are coming up with new innovative technologies to lure in the customer to buy new home appliances and electronic devices. In that segment wireless audio systems which are also called Home theatre systems that give theatre-like sound experience have taken the market demand to the top. Wired and wireless sounds systems are the primary segment of the home theatre market as consumers have diverse preferences. Wi-Fi and Bluetooth-enabled sound systems are the current trending products in home theatre systems. Most of the population have smartphones which have a major influence on everyone which makes it an important factor to include in daily electronic gadgets which can be used and modified according to the system. Bose Soundtouch 520 and Sony HT-RT 40 is the most popular option in the segment. This connectivity feature of the home theatre systems has been enticing millennial customers, who are accepting portable devices quickly. The demand for Blu-high-definition Ray's playback mechanism has expanded the creators' options. A variety of channels of the sound system determined the experience of users which gives surround sound sensation which core USP of home theatre systems. 5.1 channel, 7.1 channel, and 9.1 channel are the three different channels major company's manufacturers. Brands like Sony, Bose, and JBL have different varieties in each segment New age speakers and features provide unique features in terms of hardware and aesthetics. RGB lights in the sound systems which flash according to the movie rhythm and situation give a satisfactory theatre-like experience at home.
Home Theatre Market Segment Analysis:By Product, the Box system is dominating segment in the global home theatre systems by holding 65% of the total market share. Box home theatre systems are the most common surround sound system to be sold globally due to the size and affordability of the product. Box system provides speakers and one sub-woofer comes in various channels like 5.1, 7.1, 9.1. The most preferred box system is from Sony. The major population in the Asia Pacific prefers Sony for the High Fidelity quality and affordable pricing. Soundbars are the newest product in the market which is introduced by Altec- Lansing. The single soundbar and subwoofer provide the most dynamic and crisp sound experience. Due to high pricing and the relatively new product, it is yet to catch the market at large. Component systems are the whole theatre experience system which is in the luxury segment and has a premium crowd market size. By Distribution Channel, the online type is dominating the current global home theatre market. Global e-commerce sales reached USD 26 trillion as customers moved to the online platform to purchase electronic goods for the benefits such as digital payments, subscription-based services, and Omnichannel strategies. The Home theatre market has seen the trend of research offline and buying online which boosted online sales. Attractive offers, free home installation, and vast product range caused online sales to boost the home theatre market globally. The offline market is generally used for research and experience checks of the product and has declined in terms of sales tremendously.
Home Theatre Market Regional Insights:North America dominated the global home theatre market in 2020 by a total of 40% in terms of revenue generated in the segment. The United States and Canada is the largest market for electronic gadgets and equipment with a large consumer base that has immense buying power to invest in new gadgets every year as the trendsetter for the world. The electronic gadgets industry in the United States stood at USD 301 billion in 2019 which makes it the largest buyer of Electronic gadgets globally. The Asia Pacific is the fastest-growing region in terms of sales of electronic gadgets. The Home theatre market seems to flourish within the developing countries, including China, India, Indonesia, Malaysia, the Philippines, and Thailand. These countries have seen the growth in GDP and individual buying capacity has increased. China is the largest manufacturer of electronic goods and the biggest exporter globally. It's considered a manufacturing hub and pushed the electronics supply in deep Asian countries. The European market has a steady growth of the home theatre market. The total consumer electronic market is expected a volume by 2025 is 1430.5 million units which include Home theatre systems as well. The objective of the report is to present a comprehensive analysis of the Global Home Theatre market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Home Theatre market dynamics, structure by analyzing the market segments and projecting the Global Home Theatre market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Home Theatre market make the report investor’s guide.
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Global Home Theatre Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 9.15 Bn. Forecast Period 2021 to 2027 CAGR: 14.4% Market Size in 2027: US $ 23.46 Bn. Segments Covered: by Product • Box System • Sound Bar • Component System by Distribution Channel • Online • Offline
Global Home Theatre Market, by Region• North America • Europe • Asia Pacific • The Middle East and Africa • South America
Global Home Theatre Market Key Players• Bose Corporation • LG Electronics • Panasonic Corporation • Sony Corporation • Samsung Group • Philips • Bowers & Wilkins • Atlantic Technology • Definitive Technology • Golden Ear Technology • Yamaha Corporation • Pioneer Corporation • Logitech International SA • Monitor Audio • Toshiba • Sonos • Harman
FAQ1] What segments are covered in the Global Home Theatre Market report? Ans. The segments covered in the Global Home Theatre Market report are based on Product and Distribution Channel 2] Which region is expected to hold the highest share in the Global Home Theatre Market? Ans. North America region is expected to hold the highest share in the Global Home Theatre Market. 3] What is the market size of Global Home Theatre Marketby2027? Ans. The market size of the Global Home Theatre Market by 2027 is US $ 23.46 Bn. 4] Who are the top key players in the Global Home Theatre Market? Ans. Bose Corporation, LG Electronics, Panasonic Corporation, Sony Corporation, Samsung Group, Philips, Bowers & Wilkins, Atlantic Technology, Definitive Technology, Golden Ear Technology, Yamaha Corporation, Pioneer Corporation, Logitech International SA, Monitor Audio, Toshiba, Sonos, Harman 5] What was the market size of the Global Home Theatre Market in 2020? Ans. The market size of the Global Home Theatre Market in 2020 was US $ 9.15 Bn.
1. Global Home Theatre Market: Research Methodology 2. Global Home Theatre Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Home Theatre Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Home Theatre Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Home Theatre Market Segmentation 4.1. Global Home Theatre Market, by Product (2020-2027) • Box System • Sound Bar • Component System 4.2. 4.3. Global Home Theatre Market, by Distribution Channel (2020-2027) • Online • Offline 5. North America Farm Equipment Market(2020-2027) 5.1. Global Home Theatre Market, by Product(2020-2027) • Box System • Sound Bar • Component System 5.2. Global Home Theatre Market, by Distribution Channel (2020-2027) • Online • Offline 6. European Farm Equipment Market (2020-2027) 6.1. European Farm Equipment Market, by Product(2020-2027) 6.2. European Farm Equipment Market, by Distribution Channel (2020-2027) • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Farm Equipment Market (2020-2027) 7.1. Asia Pacific Farm Equipment Market, by Product(2020-2027) 7.2. Asia Pacific Farm Equipment Market, by Distribution Channel (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Farm Equipment Market (2020-2027) 8.1. The Middle East and Africa Farm Equipment Market, by Product(2020-2027) 8.2. The Middle East and Africa Farm Equipment Market, by Distribution Channel (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Farm Equipment Market (2020-2027) 9.1. Latin America Farm Equipment Market, by Product(2020-2027) 9.2. Latin America Farm Equipment Market, by Distribution Channel (2020-2027) 9.3. ) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Bose Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. LG Electronics 10.3. Panasonic Corporation 10.4. Sony Corporation 10.5. Samsung Group 10.6. Philips 10.7. Bowers & Wilkins 10.8. Atlantic Technology 10.9. Definitive Technology 10.10. Golden Ear Technology 10.11. Yamaha Corporation 10.12. Pioneer Corporation 10.13. Logitech International SA 10.14. Monitor Audio 10.15. Toshiba 10.16. Sonos 10.17. Harman