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Global Market Trajectory & Analytics

MCP-1055

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  •  DATE

    JULY 2020

  •  TABLES

    114

  •  PAGES

    187

  •  EDITION

    18

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Home Theaters estimated at US$15 Billion in the year 2020, is projected to reach a revised size of US$48.1 Billion by 2027, growing at a CAGR of 18.1% over the analysis period 2020-2027.Home Theatre In A Box System, one of the segments analyzed in the report, is projected to grow at a 19.8% CAGR to reach US$24.5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sound Bar segment is readjusted to a revised 17.9% CAGR for the next 7-year period. This segment currently accounts for a 29.8% share of the global Home Theaters market.
The Home Theaters market in the U.S. is estimated at US$4 Billion in the year 2020. The country currently accounts for a 26.89% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$11.5 Billion in the year 2027 trailing a CAGR of 23.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR while Rest of European market (as defined in the study) will reach US$11.5 Billion by the year 2027.
In the global Component System segment, USA, Canada, Japan, China and Europe will drive the 15.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.6 Billion by the year 2027, while Latin America will expand at a 17.7% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Atlantic Technology Inc.; Bose Corporation; Bowers & Wilkins; Hometech Digital Pvt. Ltd. (AKAI); Koninklijke Philips NV; LG Electronics, Inc.; Panasonic Corporation; Samsung Electronics Co., Ltd.; Sony Corporation; Toshiba Corporation
» Audio Type (Home Theatre In A Box System, Sound Bar, Component System, and Component Separate)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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