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Earbuds Market - Global Outlook and Forecast 2018-2023LONDON, Dec. 3, 2018 /PRNewswire/ -- This market research report on global earbuds market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by features (smart and non-smart), by price range (low range, medium range, and high range), and by geography (North America, APAC, Europe, and ROW). Global Earbuds Market – By Price Range Technological advancements to boost the sale of premium range products in the global earbuds market during forecast period The price range segment in the global earbuds market is classified into premium range ($100 and more), medium range ($50 and $99.99), and low range (up to $49.99). The premium range segment occupied more than half of the market share 2017, growing at a CAGR of approximately 30% during the forecast period. The integration of extra functions such as layered hearing and speech amplification by prominent companies will augment the growth of the global market. Some of the top players operating in this segment include Apple, Bragi, Bang & Olufsen, and Bose and usually offer generally higher priced variants in the global market. The high price tag associated with these products is usually because of the manufacturing brand and features provided in the products. The multinational brands are even higher priced when they sell overseas due to the custom and excise duties depending on the country they are selling. For example, Apple sells its AirPods for $159 in North America and $203, $217, and $218 in China, Germany, and the UK respectively. Furthermore, the integration of latest innovations and technological advancements will add to the price range of these products in the global earbuds market. Global Earbuds Market – By Geography North America to witness the launch of new products even by tech startups in the global earbuds market during forecast period The global earbuds market by geography is divided into North America, APAC, Europe, and ROW. North America is the largest region in the market during 2017, growing at a CAGR of more than 26% during the forecast period. The rising number of smartphone users and better speed internet connectivity are one of major factor attributing to the growth of the market in North America. The US and Canada are the largest revenue contributor in the North American market. The growing demand for wireless headphones for listening to music during activities and fitness regimes is propelling the requirement for smart products in the global market. Furthermore, the US and Canada markets are also witnessing a surge in demand for products that offer features of assistive hearing and speech amplification. Some of the major brands available in the US market include Bragi, Samsung, Bose, and Jaybird. Key Countries Profiled The key countries profiled in the report are: • US • Canada • UK • Germany • China • South Korea Key Vendor Analysis The global earbuds market is still niche and consist of a small number of players that control the level of the competition. Bragi was one of the first vendors to launch a product that was a little higher than smart wireless headphones that were available in the market. After the launch of Apple's AirPod the market concentrated further as it controlled a major portion of the revenues in the market and especially in the US. Product development and launch of new variants by tech giants such as Samsung and Google and other headphone companies such as Jabra, Bose, and Sony will intensify the competition in the global market during the forecast period. Additionally, the companies are offering low range and mid-range products in the emerging nations of APAC and MEA to gain a larger market share in the global earbuds market. The major vendors in the global market are: • Apple • Alphabet • Bragi • Samsung • Nuheara • Sony • Jabra • Bose Other prominent vendors include Jaybird, Alpha Audiotronics, Rowkin, Huawei, Avanca, Bang & Olufson, Crazybaby, Earin, Meizu, Motorola, Waverly Labs, and Mymanu. Key market insights include 1. The analysis of global earbuds market provides market size and growth rate for the forecast period 2018-2023. 2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global earbuds market. 3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities. 4. It offers a complete overview of market segments and the regional outlook of global earbuds market. 5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage. The global earbuds market size is expected to reach values of around $10 billion by 2023, growing at an impressive CAGR of approximately 30% 2017–2023. The global earbuds market is driven by the availability of charger carry case and battery backup that provide playback and talk time of more than 12 hours. The increasing accessibility of several entertainment platforms and consumer's shift to the adoption of newer technology will propel market development. The market research report provides in-depth market analysis and segmental analysis of the global earbuds market by product, distribution channel, material, and geography. Base Year: 2017 Forecast Year: 2018–2023 The report considers the present scenario of the global earbuds market and its market dynamics for the period 2018?2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market. Major Vendors in the Global Earbuds Market • Apple o Business Overview o Apple in Global Market o Major Product Offerings o Key Strategies o Key Strengths o Key Opportunities • Alphabet • Bragi • Samsung • Nuheara • Sony • Jabra • Bose Prominent Players in the Global Earbuds Market • Jaybird o Business Overview • Alpha Audiotronics • Rowkin • Huawei • Avanca • Bang & Olufson • Crazybaby • Earin • Meizu • Motorola • Waverly Labs • Mymanu Market Segmentation by Features • Smart • Non-Smart Market Segmentation by Price Range • Low Range (up to $49.99) • Medium Range ($50 and $99.99) • Premium Range ($100 and More) Market Segmentation by Geography • North America o US o Canada • Europe o UK o Germany • APAC o China o Germany • ROW Download the full report: https://www.reportbuyer.com/product/5398691 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/earbuds-market---global-outlook-and-forecast-2018-2023-300759120.html SOURCE ReportBuyer |