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Home Theatre Systems Global Market Report 2020

Region:Global

Author(s):

Product Code:7275

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

The home theatre systems market consists of sales of home theatre systems. A home theater system consists of a large television with video components and digital surrounding audio system set up at home. It gives an experience of watching a movie in small multiplex cinema screens.
 
The global home theatre systems market was worth USD 15.04 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 19% and reach USD 29.74 billion by 2023.
 
The home theatre systems market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 60% of the market.
 
The home thatre system covered in this report is segmented by product into home theatre in a box system (HTIB), sound bar, component system. It is also segmented by distribution channel into online, offline and by application into household use, commercial use.
 
The rise in disposable incomes was a major driver of the home theatre systems market. The rise in disposable incomes was mainly driven by economic growth and middle class population growth in developing countries such as China, India and Brazil. According to the World Bank, the world's middle class population-defined as that earning between USD 10 and USD 100 per day-increased from approximately 1.5 to 2 billion between 2010 and 2015 . In 2017, China's economy grew at 6.6% and India's GDP grew at 7.2%. The disposable personal income in India increased to USD 2,718.6 billion in 2018 from USD 2391.5 billion in 2017. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for home theatre systems market.
 
The changes in consumer lifestyles and preferences had a significant impact on the home theatre systems market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from traditional television to new forms of entertainment such as online audio and video streaming services on mobile phones. Television viewership continued to decline, especially among the millennials. For example, as of 2017, young people in the UK were watching a third less television through traditional free-to-air channels such as the BBC and ITV than they did in 2010. In 2016, the decline in TV viewership for young millennials (aged 18-24) in the US was 7.4% year-over-year and 40.1% over 5 years. Changes in consumer preferences restricted the demand for ahome theatre systems.
 
Increasing adaption of cloud services is becoming popular in the home theater systems market. Cloud technology legally allow the customers to watch videos and music online. Video streaming platforms are adapting cloud technologies for providing better viewing experience. For example, earlier consumers used television for watching videos and now the customers are preferring access-based approach which allow them to subscribe to video libraries in the cloud. Therefore, companies in the home theatre systems market are manufacturing advanced systems that can be connected to internet to access the videos online.
 
 
In August 2018, Samsung Electronics Co., Ltd, a South Korean multinational electronics company entered collaboration agreement with Harman Kardon Inc. This collaboration helps Samsung Electronics Co., Ltd to further improve their audio quality and play a key role in growing their premium soundbar business. Harman-Kardon Inc., US-based company, manufactures wireless audio systems, portables, speakers, headphones, amplifiers, and accessories.
 
Major players in the market are Bose Corporation, LG Electronics Inc, Panasonic Corporation, Sony Corporation, Samsung Group, Bowers & Wilkins, Atlantic Technology, Definitive Technology, GoldenEar Technology, Yamaha Corporation

Products

Products

1) By Product : Home Theatre In A Box System (HTIB); Sound Bar; Component System 2) By Distribution Channel: Online; Offline 3) By Application: Household Use; Commercial Use


Companies

Bose Corporation

LG Electronics Inc

Panasonic Corporation

Sony Corporation

Samsung Group

Bowers & Wilkins

Atlantic Technology

Definitive Technology

GoldenEar Technology

Yamaha Corporation

Pioneer Corporation

Philips Electronics NV

Akai electronics

Toshiba

Yamaha Corporation

Harman

Creative Technologies, Ltd

D&M

Monitor Audio

Sharp

Sonos

Koninklijke Philips N.V

JBL Corporation

 

 

 

 

 

 

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Table of Contents

Table of Contents

1. Executive Summary

2. Home Theatre Systems Market Characteristics

3. Home Theatre Systems Market Size And Growth

3.1. Global Home Theatre Systems Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Home Theatre Systems Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Home Theatre Systems Market Segmentation

4.1. Global Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Home Theatre In A Box System (HTIB)

Sound Bar

Component System

4.2. Global Home Theatre Systems Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Online

Offline

4.3. Global Home Theatre Systems Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Household Use

Commercial Use

5. Home Theatre Systems Market Regional And Country Analysis

5.1. Global Home Theatre Systems Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Home Theatre Systems Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Home Theatre Systems Market

6.1. Asia-Pacific Home Theatre Systems Market Overview

6.2. Asia-Pacific Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Home Theatre Systems Market

7.1. China Home Theatre Systems Market Overview

7.2. China Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Home Theatre Systems Market

8.1. India Home Theatre Systems Market Overview

8.2. India Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Home Theatre Systems Market

9.1. Japan Home Theatre Systems Market Overview

9.2. Japan Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Home Theatre Systems Market

10.1. Australia Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Home Theatre Systems Market

11.1. Indonesia Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Home Theatre Systems Market

12.1. South Korea Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Home Theatre Systems Market

13.1. Western Europe Home Theatre Systems Market Overview

13.2. Western Europe Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Home Theatre Systems Market

14.1. UK Home Theatre Systems Market Overview

14.2. UK Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Home Theatre Systems Market

15.1. Germany Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Home Theatre Systems Market

16.3. France Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Home Theatre Systems Market

17.1. Eastern Europe Home Theatre Systems Market Overview

17.2. Eastern Europe Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Home Theatre Systems Market

18.1. Russia Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Home Theatre Systems Market

19.1. North America Home Theatre Systems Market Overview

19.2. North America Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Home Theatre Systems Market

20.1. USA Home Theatre Systems Market Overview

20.2. USA Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Home Theatre Systems Market

21.1. South America Home Theatre Systems Market Overview

21.2. South America Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Home Theatre Systems Market

22.1. Brazil Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Home Theatre Systems Market

23.1. Middle East Home Theatre Systems Market Overview

23.2. Middle East Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Home Theatre Systems Market

24.1. Africa Home Theatre Systems Market Overview

24.2. Africa Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Home Theatre Systems Market Competitive Landscape And Company Profiles

25.1. Home Theatre Systems Market Competitive Landscape

25.2. Home Theatre Systems Market Company Profiles

25.2.1. Bose Corporation

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. LG Electronics Inc

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Panasonic Corporation

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Sony Corporation

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Samsung Group

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Home Theatre Systems Market

27. Home Theatre Systems Market Trends And Strategies

28. Home Theatre Systems Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Home Theatre Systems Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Home Theatre Systems Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Home Theatre Systems Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Home Theatre Systems Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Asia-Pacific, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: China, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: India, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Japan, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Australia, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Indonesia, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: South Korea, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Western Europe, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: UK, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Germany, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: France, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Eastern Europe, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Russia, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: North America, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: USA, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: South America, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Brazil, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Middle East, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Africa, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 27: Bose Corporation Financial Performance

Figure 28: LG Electronics Inc Financial Performance

Figure 29: Panasonic Corporation Financial Performance

Figure 30: Sony Corporation Financial Performance

Figure 31: Samsung Group Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Home Theatre Systems Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Home Theatre Systems Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Home Theatre Systems Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Home Theatre Systems Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Asia-Pacific, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: China, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: India, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Japan, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Australia, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Indonesia, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: South Korea, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Western Europe, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: UK, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Germany, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: France, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Eastern Europe, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Russia, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: North America, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: USA, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: South America, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Brazil, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Middle East, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Africa, Home Theatre Systems Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 27: Bose Corporation Financial Performance

Table 28: LG Electronics Inc Financial Performance

Table 29: Panasonic Corporation Financial Performance

Table 30: Sony Corporation Financial Performance

Table 31: Samsung Group Financial Performance

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