TMCnet News

Global Market for Earphones and Headphones - Anticipated to Cross $19 Billion Mark by 2022 - Rising Demand from Professional as well Personal Users - Research and Markets

[February 15, 2017]

Global Market for Earphones and Headphones - Anticipated to Cross $19 Billion Mark by 2022 - Rising Demand from Professional as well Personal Users - Research and Markets

Research and Markets has announced the addition of the "Global Earphones & Headphones Market 2012-2022" report to their offering.

The market for earphones and headphones globally is anticipated to cross $19 billion mark by 2022, on account of growing disposable income, increasing adoption of latest technology products and rising demand from professional as well personal users.

Surging sales of mobile devices, expanding use of online streaming services and growing disposable income are some of the factors that are anticipated to drive global earphones & headphones market during 2017 - 2022. Moreover, demand for high quality earphones and headphones from audiophiles has compelled the market players to innovate in styling and technology, which has resulted in significant demand generation, especially over the last few years. The global distribution network of earphones and headphones is quite vast.

Products in global earphones and headphones market are available through many channels, out of which multi-brand electronic stores held the highest share in 2016, and the segment is expected to maintain its dominance during the forecast period as well. Howeer, online sales channel has exhibited the fastest growth of all the point of sales in global earphones and headphones market owing to heavy discount offers available on the products coupled with ease of online shopping.

Companies Mentioned: