The Retail Market for Audio Equipment in the US - Industry Market Research Report

The Retail Market for Audio Equipment in the US - Industry Market Research Report

  • April 2018 •
  • 31 pages •
  • Report ID: 5103712 •
  • Format: PDF
Listen up: Rising disposable income and e-commerce will boost audio equipment sales

Abstract

The Retail Market for Audio Equipment
Driven by growth in disposable income and housing, the Retail Market for Audio Equipment industry revenue increased over the five years to 2018. During the five-year period, the number of households increased in line with disposable income, representing a consumer base ripe for new audio equipment such as surround-sound systems or soundbars for their new homes. Additionally, audio equipment quality has improved, and such equipment is increasingly compatible with other electronics, benefiting industry operators. Moving forward, consumers are expected to further loosen their purse strings as a result of higher disposable income, especially as online vendors make buying audio equipment increasingly convenient and affordable. Thus, revenue is expected to increase over the next five years as well.

Companies in this industry sell consumer audio equipment and components, parts and accessories for such equipment. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers. Sales of commercial or industrial audio equipment are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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