Home theater market size to grow by USD 7.4 billion from 2022 to 2027: Growth driven by rise in disposable income - Technavio

NEW YORK, Jan. 11, 2023 /PRNewswire/ -- The home theater market size is forecasted to grow by USD 7.4 billion from 2022 to 2027. Moreover, the growth momentum will accelerate at a CAGR of 8.51% during the forecast period, according to Technavio. Atlantic Technology Inc., AudioQuest, Bluesound International, Bose Corp., Bowers & Wilkins, Koninklijke Philips NV, LG Corp., Logitech International SA, Monitor Audio Ltd., NAD Electronics, Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Sharp Corp., Sonos Inc., Sony Group Corp., the Rotel Co., Ltd., Toshiba Corp., and Yamaha Corp. are some of the major market participants. To know about the vendor offerings, request a sample report.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others - Buy the Report

Home theater market 2023-2027: Scope

The home theater market report also covers the following areas:

• Porter's five forces analysis
• Customer landscape
• Market trends

Home theater market 2023-2027: Drivers and challenges

The rise in disposable income is driving the market growth. The spending capability of the population has also increased. As a result, high-end audio devices have become affordable. In recent years, vendors have been focusing on capturing emerging markets such as China and India owing to rapid economic growth and increasing purchasing power. This, in turn, will fuel the growth of the global home theater market during the forecast period. 

The high cost of home theater systems may challenge the home theater market growth. Stand-alone speaker systems cost less than home theater systems. Setting up a home theater requires USD 50 to USD 250 per square foot, along with other variables such as location, level of construction needed, and quality of materials. Thus, the estimated budget for home theater equipment is around USD 7,500. Thus, the high cost of home theater systems will hinder their adoption, especially among the middle-class population, which will challenge the growth of the global home theater market during the forecast period.

To know about other drivers and challenges - Download a sample now!

Home theater market 2023-2027: Segmentation analysis

• Product
• Home theater speakers
• Sound bars

• Distribution Channel  
• Offline
• Online

• Region
• North America 
• The US
• Canada
• Europe 
• The UK
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• Middle East & Africa 
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa
• South America 
• Argentina
• Brazil
• Chile

Home theater market 2023-2027: Segmentation highlights

• The home theater market share growth by the home theater speakers segment will be significant. A home theater system is suitable for surround sound and a theater-like experience, with a large number of speakers. Vendors offer various formats based on the demand. For instance, SAMSUNG offers the HT-J5500W Home Theater System, which consists of 5.1 channels. The demand for such products primarily stems from high-income regions.
• APAC is estimated to account for 47% of the growth of the global market during the forecast period. The growth of the region is primarily driven by the increasing disposable income. The spending capability of consumers has also increased over the years, which is increasing the demand for media and entertainment devices such as home theater systems. China, Japan, and India will be the major contributors to the market in the region during the forecast period.

Home theater market 2023-2027: Key Highlights

What are the key data covered in this home theater market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the home theater market between 2023 and 2027
• Precise estimation of the size of the home theater market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of home theater market vendors

Gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION platform

Related Reports:

• The smart home cameras market size is expected to increase by USD 4.98 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.78%. This report extensively covers market segmentations by connectivity (wire-free smart home cameras and wired smart home cameras), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 
• The music market size is expected to increase by USD 50.46 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.84%. This report extensively covers music market segmentations by source (recording, live, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Browse for Technavio's communication services market reports

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global home theater market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global home theater market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Home theater speakers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Home theater speakers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Home theater speakers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Home theater speakers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Home theater speakers - Year-over-year growth 2022-2027 (%)

• 6.4 Sound bars - Market size and forecast 2022-2027
• Exhibit 38: Chart on Sound bars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Sound bars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Sound bars - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Sound bars - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Atlantic Technology Inc. 
• Exhibit 108: Atlantic Technology Inc. - Overview
• Exhibit 109: Atlantic Technology Inc. - Product / Service
• Exhibit 110: Atlantic Technology Inc. - Key offerings

• 12.4 AudioQuest 
• Exhibit 111: AudioQuest - Overview
• Exhibit 112: AudioQuest - Product / Service
• Exhibit 113: AudioQuest - Key offerings

• 12.5 Bose Corp. 
• Exhibit 114: Bose Corp. - Overview
• Exhibit 115: Bose Corp. - Product / Service
• Exhibit 116: Bose Corp. - Key news
• Exhibit 117: Bose Corp. - Key offerings

• 12.6 Koninklijke Philips NV 
• Exhibit 118: Koninklijke Philips NV - Overview
• Exhibit 119: Koninklijke Philips NV - Business segments
• Exhibit 120: Koninklijke Philips NV - Key news
• Exhibit 121: Koninklijke Philips NV - Key offerings
• Exhibit 122: Koninklijke Philips NV - Segment focus

• 12.7 LG Corp. 
• Exhibit 123: LG Corp. - Overview
• Exhibit 124: LG Corp. - Business segments
• Exhibit 125: LG Corp. - Key offerings
• Exhibit 126: LG Corp. - Segment focus

• 12.8 Logitech International SA 
• Exhibit 127: Logitech International SA - Overview
• Exhibit 128: Logitech International SA - Business segments
• Exhibit 129: Logitech International SA - Key news
• Exhibit 130: Logitech International SA - Key offerings
• Exhibit 131: Logitech International SA - Segment focus

• 12.9 Panasonic Holdings Corp. 
• Exhibit 132: Panasonic Holdings Corp. - Overview
• Exhibit 133: Panasonic Holdings Corp. - Business segments
• Exhibit 134: Panasonic Holdings Corp. - Key news
• Exhibit 135: Panasonic Holdings Corp. - Key offerings
• Exhibit 136: Panasonic Holdings Corp. - Segment focus

• 12.10 Pioneer Corp. 
• Exhibit 137: Pioneer Corp. - Overview
• Exhibit 138: Pioneer Corp. - Business segments
• Exhibit 139: Pioneer Corp. - Key offerings
• Exhibit 140: Pioneer Corp. - Segment focus

• 12.11 Samsung Electronics Co. Ltd. 
• Exhibit 141: Samsung Electronics Co. Ltd. - Overview
• Exhibit 142: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 143: Samsung Electronics Co. Ltd. - Key news
• Exhibit 144: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 145: Samsung Electronics Co. Ltd. - Segment focus

• 12.12 Sennheiser Electronic GmbH and Co. KG
• Exhibit 146: Sennheiser Electronic GmbH and Co. KG - Overview
• Exhibit 147: Sennheiser Electronic GmbH and Co. KG - Business segments
• Exhibit 148: Sennheiser Electronic GmbH and Co. KG - Key news
• Exhibit 149: Sennheiser Electronic GmbH and Co. KG - Key offerings
• Exhibit 150: Sennheiser Electronic GmbH and Co. KG - Segment focus

• 12.13 Sharp Corp. 
• Exhibit 151: Sharp Corp. - Overview
• Exhibit 152: Sharp Corp. - Business segments
• Exhibit 153: Sharp Corp. - Key news
• Exhibit 154: Sharp Corp. - Key offerings
• Exhibit 155: Sharp Corp. - Segment focus

• 12.14 Sonos Inc. 
• Exhibit 156: Sonos Inc. - Overview
• Exhibit 157: Sonos Inc. - Product / Service
• Exhibit 158: Sonos Inc. - Key offerings

• 12.15 Sony Group Corp. 
• Exhibit 159: Sony Group Corp. - Overview
• Exhibit 160: Sony Group Corp. - Business segments
• Exhibit 161: Sony Group Corp. - Key news
• Exhibit 162: Sony Group Corp. - Key offerings
• Exhibit 163: Sony Group Corp. - Segment focus

• 12.16 Toshiba Corp. 
• Exhibit 164: Toshiba Corp. - Overview
• Exhibit 165: Toshiba Corp. - Business segments
• Exhibit 166: Toshiba Corp. - Key offerings
• Exhibit 167: Toshiba Corp. - Segment focus

• 12.17 Yamaha Corp. 
• Exhibit 168: Yamaha Corp. - Overview
• Exhibit 169: Yamaha Corp. - Business segments
• Exhibit 170: Yamaha Corp. - Key offerings
• Exhibit 171: Yamaha Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/home-theater-market-size-to-grow-by-usd-7-4-billion-from-2022-to-2027-growth-driven-by-rise-in-disposable-income---technavio-301716592.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]