TMCnet News

Earphone and Headphone Market 2019 Industry Key Players, Facts, Figures Share, Trend Forecast to 2023
[September 13, 2019]

Earphone and Headphone Market 2019 Industry Key Players, Facts, Figures Share, Trend Forecast to 2023


Market Highlights The global earphone and headphone market is spanned across North America, Europe, Asia-Pacific, and the rest of the world.

The key drivers for the earphone and headphone market include increased integration of new technologies in headphones and earphones and increasing ownership of mobile phones, tablets, and mp3 players which are expected to drive the earphone and headphone market during forecast period. However, high cost of wireless headphones and earphones poses a challenge for the market growth during forecast period.



Geographic analysis of the Earphone And Headphone Market has been done for North America, Europe, Asia Pacific (APAC), and rest of the world (RoW).

North America led the market with a market value of USD 4380.8 million in 2017. The regional market value can go up to USD 7309.6 million by 2023 with an impressive 9.09% CAGR during the forecast period. North America generates the highest demand for headphone and earphone globally and high penetration of portable devices such as tablets and mobiles drive the demand in the region. The US accounted for the largest market share of 62.5% in 2017, with a market value of USD 2,738.4 million; the market is expected to register the highest CAGR of 9.5% during the forecast period. Canada was the second-largest market in 2017, valued at USD 1,100.2 million; the market is projected to exhibit a CAGR of 9.0%.


Get Free Sample Copy Reports @ https://www.marketresearchfuture.com/sample_request/7628 Asia-Pacific held the second largest market share and has similar demand patterns as that of North America. The regional market was valued at USD 3005.5 million in 2017 which is expected to scale and exceed to USD 5511.3 million by 2023 at a 10.89% CAGR during the forecast period.

China accounted for the largest market share in the region with a 30.4% in 2017, with a market value of USD 913.2 million; the market is expected to register a CAGR of 11.3% during the forecast period. Japan was the second-largest market in 2017, valued at USD 856.5 million; it is projected to register the highest CAGR of 13.1%.

In Europe, Germany accounted for the largest market share of 33.5% in 2017, with a market value of USD 1,124.1 million; the market is expected to register the highest CAGR of 10.8% during the forecast period. The rest of europe was the second-largest market in 2017, valued at USD 1,000.5 million; the market is projected to exhibit a CAGR of 7.6%.

Leading Vendors Some of the leading vendors shaping the worldwide earphone and headphone market include Bose Corporation (US), Sennheiser Electronic GmbH & Co. KG (Germany), Grado Labs Inc. (US), Jays AB (Sweden) AIAIAI ApS (Denmark), AKG Acoustics GmbH (Austria), Skullcandy Inc. (US), Apple Inc. (US), Beyerdynamic GmbH & Co. KG (Germany), Creative Technology Ltd (Singapore), Denon Electronics (USA), LLC (US), House of Marley, LLC (US), Sony Corporation (Japan), Audio-Technica Corporation (Japan), to name a few.

Market Segmentation The global earphone and headphone market has been segmented on the basis of type and application.

The market, with respect to the type, includes wired earphone & headphone and wireless earphone & headphone.

The application segment covers gaming and virtual reality, fitness/sports, corporate, media & entertainment, and others.

Regional Analysis Geographical distribution of the earphone and headphone market has been done for Asia Pacific (APAC), North America, Europe, along with the rest of the world (RoW).

In 2017, North America was identified as the leading market for earphone and headphone marlet at the value of USD 4380.8 million. The regional market value could touch USD 7309.6 million by 2023 at an impressive rate of 9.09% during the forecast period. North America notes the highest demand for headphone and earphone at a global level, with high penetration of portable devices like mobiles and tablets being the sole reason. The largest share of 62.5% belonged to the United States (US) in 2017, which was valued at USD 2,738.4 million. The country-specific market could register the highest CAGR of 9.5% during the conjectured timeframe. Canada emerged as the second-biggest market in 2017, estimated at USD 1,100.2 million. It could achieve a CAGR of 9.0% in the coming years, predict MRFR data experts.

In the worldwide market, Asia Pacific made its mark by securing the second position in 2017, as a result of strong demand for earphone and headphone market. APAC was estimated at USD 3005.5 million in 2017, which could scale to USD 5511.3 million by 2023. It could project a CAGR of 10.89% from 2013 to 2023. China stole the limelight in the region with the largest share of 30.4% in 2017, at the value of USD 913.2 million. The market in China could demonstrate a CAGR of 11.3% during the review period. Japan was the second-most profitable market in 2017, touching the valuation of USD 856.5 million. The market in Japan is expected to exhibit the highest CAGR of 13.1%.

In Europe, Germany had seized the largest share of 33.5% in the year 2017, at the value of USD 1,124.1 million. The Germany market is touted to note the highest CAGR of 10.8% in the following years. The rest of Europe accounted for the second-largest share in 2017, standing at the value of USD 1,000.5 million and is poised to achieve a CAGR of 7.6%.

Get Complete Report @ https://www.marketresearchfuture.com/reports/earphone-headphone-market-7628 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us: Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +91 841 198 5042 Mail: [email protected]

As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments.


[ Back To TMCnet.com's Homepage ]