Report Scope
This report analyzes the global headphones and earphones market in terms of type, technology, sales channel, and geography. On the basis of type, the market is segmented into in-ear headphones and ear phones, on-ear headphones and earphones, and over-ear headphones and earphones. Similarly, on the basis of technology, the global market for headphones and earphones is classified into wired and wireless headphones and earphones. Additionally, based on sales channel, the market is segmented into OEM (mobile and media device manufacturers) and aftermarket. The geographical distribution of the global headphones and earphones market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Factors including evolving digital habits of consumers and exponential growth in demand for smartphones are expected to contribute towards a compounded annual growth rate (CAGR) of 6.2% during the forecast period 2021 – 2029. However, the availability of low quality domestic substitutes at a relatively lower cost pose a considerable challenge to the market growth, especially in emerging economies of Asia Pacific and RoW, where the market is still unorganized.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Headphones and Earphones Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global headphones and earphones market.
Target Audience
USP and Key Offerings
The report titled “Global Headphones and Earphones Market- Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global headphones and earphones market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on type, technology, sales channel, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading headphones and earphones manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global headphones and earphones market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.
As of 2020, in-ear headphones and earphones dominated the global headphones and earphones market and are expected to exhibit strong growth during the forecast period 2021 – 2029. The dominance and anticipated growth shall be credited to the proliferation of smartphones and other media devices. Since in-ear earphones are relatively compact and lighter in weight, they have become the preferred accessory to be sold along with smartphone models. With the advancements in technology, manufacturers across the globe are developing water resistant in-ear headphones incorporating features like Bluetooth, microphones, and noise cancellation facility among others. Consequently, the average retail prices of in-ear headphones have witnessed an upsurge, which is expected to have positive impact on the revenue share of the segment.
As of 2020, the global headphones and earphones market was dominated by wired headphones and earphones. The wired headphones and earphones segment accounted for around three-fourth of the global headphones and earphones market revenue in the same year. The trend shall prolong with the segment presumed to hold on to its leading position throughout the forecast period 2021 – 2029. Since smartphone manufacturers predominantly provide wired earphones as an accessory, the perpetually growing sales of smartphone is expected to have positive impact on the sales of wired earphones during the forecast. However, wireless headphones and earphones are expected to witness comparatively higher growth during the forecast period. Evolving digital habits of consumers resulting in an ongoing shift in consumer preferences toward wireless audio devices is expected to drive demand for wireless headphones and earphones during the forecast period 2021 - 2029.
In the base year of 2020, direct retail sales channel s was the largest revenue contributing segment in the global headphones and earphones market. The segment accounted for around two-third of the global headphones and earphones market revenue in 2020. The trend is expected to continue over the forecast period 2021 – 2029 with segment retaining major revenue share. Even though direct retail channel plays a key role in the sale of headphones and earphones, it is anticipated that the sale of headphones and earphones would probably improve through online channel. The anticipated growth in sale of headphones and earphones through online channel would be driven by the proliferation of e-commerce and periodic replacement demand.
As of 2020, the global headphones and earphones market was led by North America closely trailed by Europe in terms of revenue. The regions collectively accounted for around two-third of the global headphones and earphones market revenue in the same year. This dominance is primarily attributed to the large base of tech-savvy consumers and presence of leading industry players in these regions. Over the forecast period, both Europe and North America are presumed to witness steady growth on account of the continued penetration of smartphones and higher discretionary income of people. On the other hand, the market for headphones and earphones in Asia Pacific is expected to witness maximum growth during the forecast period. With the perpetually growing smartphone market in the region, the demand for accessories including earphones and headphones is also expected to grow swiftly.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Headphones And Earphones market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Technology
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Distribution Channel
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
