Home Theater Market – 47% of Growth to Originate from APAC |Driven by the Rise in Consumer Disposable Income

Key Market Dynamics:

• Market Driver – The key factors driving growth in the home theater market is the global rise in consumer disposable income. In developed countries, such as the US, household income has been increasing. The spending capability of the population has increased with the rise in income levels. As a result, high-end audio devices have become affordable for a greater proportion of the population. When home theaters were first introduced in the market, they were widely adopted in developed nations, such as the US and the UK. Rapid economic growth and the increasing purchasing power in emerging markets, such as China and Indiahave encouraged vendors to focus on capturing these markets.
• Market Challenges – Tea high cost of home theater systems will be a major challenge for the home theater market during the forecast period. The availability of inexpensive stand-alone speaker systems will pose a challenge to market growth. To set up a home theater in residence, a consumer will have to spend between $50 and $250 per square foot to build a room from scratch. Other variables, such as the location, level of construction needed, and quality of materials, also need to be considered. The estimated budget for home theater equipment is nearly $7,500. The high cost of home theater systems will hinder their wide-scale adoption, especially among the middle-class group globally.

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Value Chain Analysis

The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of the home theater market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• After-sales service
• Innovation

Technavio report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence. – To know more – Download a free sample now!

Segmentation Analysis

The home theater market report is segmented by Product (Home theater speakers and Soundbars) and Geography (APAC, Europe, North AmericaMEA, and South-America).

The home theater market share growth by the home theater speakers segment will be significant for revenue generation. The demand for such products will primarily come from high-income regions. Vendors are introducing new speakers with innovations in terms of design and functionality.

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Some Companies Mentioned

The home theater market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Bose Corp.
• Koninklijke Philips NV
• LG Electronics Inc.
• Logitech International S.A.
• Pioneer Corp.
• Samsung Electronics Co.Ltd.
• Sony Group Corp.
• Toshiba Corp.
• Yamaha Corp.
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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• threat of rivalry
• market

Market Segmentation by Product

• Market segments
• Comparison by Product
• Home theater speakers – Market size and forecast 2020-2025
• Soundbars – Market size and forecast 2020-2025
• Market opportunity by Product

customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC – Market size and forecast 2020-2025
• Europe – Market size and forecast 2020-2025
• North America – Market size and forecast 2020-2025
• MEA – Market size and forecast 2020-2025
• South-America – Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Bose Corp.
• Koninklijke Philips NV
• LG Electronics Inc.
• Logitech International S.A.
• Pioneer Corp.
• Samsung Electronics Co.Ltd.
• Sony Group Corp.
• Toshiba Corp.
• Yamaha Corp.

appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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