Global Earphones & Headphones Market to Surpass USD 19 Bn by 2022, Informs TechSci Research in Its Report Available at MarketPublishers.com
27 Feb 2017 • by Natalie Aster
LONDON – The global market for earphones & headphones is expected to witness remarkable growth, surpassing the USD 19 billion mark by end-2022. The major growth drivers include, among others, surging disposable income levels, rising uptake of up-to-the-minute technology products, growing use of online streaming services, and soaring demand from both professional and personal users.
Within the two market categories explored, the over-ear segment is expected to witness the most rapid growth rate through to 2022.
Products in the market are sold via many channels, out of which multi-brand e-stores grabbed the lion’s share as of 2016; the segment is poised to keep its taking the lead in the foreseeable future. Nevertheless, online sales channel has demonstrated the fastest growth of all the POS’s in global earphones and headphones market owing to heavy price reductions available on the products alongside ease of web-based purchasing.
Sennheiser Electronics GmbH, Beats Electronics LLC, Sony Corporation, Plantronics Inc., Bose Corporation are some of the dominant players in the sector.
New research report “Global Earphones & Headphones Market, Competition Forecast and Opportunities, 2012 – 2022” provides a comprehensive analysis of the market for earphones & headphones globally. It offers a detailed analysis of the market size, and shares, alongside providing detailed forecasts. The study analyses the market based on type, technology, application, end-user sector, POS, and by reign and country. The research explores the changing market trends and developments, uncovers emerging opportunities, and casts light on the market dynamics identifying the market growth driving and restraining factors, and also challenges. Moreover, the report canvasses the competitive market environment and profiles the top market players are discussed in this topical research report.
More new topical research studies by TechSci Research are available at its page.