Global True Wireless Headphones Market Outlook and Forecast 2020-2025: Value-Added Features Driving Adoption - Market is Expected to Grow at a CAGR of Over 17%
DUBLIN, Jan. 22, 2021 /PRNewswire/ -- The "True Wireless Headphones Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The true wireless headphones market is expected to grow at a CAGR of over 17% during the period 2019-2025.
Moreover, millennials are three times more likely to watch videos on their mobile devices than baby boomers. Therefore, millennials invest in premium earbuds that are compatible with smartphones and handheld portable mobile devices such as iPods, MP3, and MP4 players. Hence, changing lifestyles are driving the growth of the global true wireless headphones market.
True wireless headphones are mainly sold through online channels and retail distribution channels such as specialty stores supermarkets and hypermarkets or mass-market players, and electronic stores. In 2019, online sales accounted for over 82% of the distribution model, with retail sales accounting for the rest. The online channel is the largest distribution channel.
It is expected to grow further during the forecast period as smart and innovative earphones are being recognized and accepted as the ideal gift items among consumers in several geographies. Consumers are becoming aware of new and innovative products in the market. Moreover, the adoption of new technologies is increasing across demographics across the globe. Hence, the growth opportunities for headphones are increasing parallelly. Further, the impact of the corona pandemic has led to several vendors in both online and offline channels to slash their prices, and it is likely to continue until the global true wireless market revives.
KEY VENDOR ANALYSIS
Key Topics Covered:
1 Research Methodology
8 Market Opportunities & Trends
For more information about this report visit https://www.researchandmarkets.com/r/1gsuk7
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
View original content:http://www.prnewswire.com/news-releases/global-true-wireless-headphones-market-outlook-and-forecast-2020-2025-value-added-features-driving-adoption---market-is-expected-to-grow-at-a-cagr-of-over-17-301213135.html
SOURCE Research and Markets