Dublin, July 07, 2023 (GLOBE NEWSWIRE) -- The "Home Theaters: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Home Theaters estimated at US$13.4 Billion in the year 2022, is projected to reach a revised size of US$24.6 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030.
Home Theatre In A Box Systems (HTIB), one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$14.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Sound Bars segment is readjusted to a revised 8.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 11.1% CAGR
The Home Theaters market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2030.
Select Competitors (Total 70 Featured) -
- Atlantic Technology, Inc.
- B & W Group Limited
- Bose Corporation
- Definitive Technology
- Harman International Industries, Inc.
- Koninklijke Philips N.V.
- LG Electronics Inc.
- Logitech International SA
- Monitor Audio Ltd.
- Panasonic Corporation
- Pioneer Corporation
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- Sonos, Inc.
- Sony Corporation
- The Quest Group dba GoldenEar Technology
- Yamaha Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 424 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $13.4 Billion |
| Forecasted Market Value (USD) by 2030 | $24.6 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Home Theaters - Global Key Competitors Percentage Market Share in 2022 (E)
- Market Share by Key Players
- Market Share by Product Type
- Market Share by Applications
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Pandemic: A Review
- As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
- With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Spurred by COVID-19-Induced Entertainment Demand, Home Theater is Back on Stage
- Locking in the Opportunity
- Soundbars Inch towards Ubiquitous Status amid COVID-19 Crisis
- An Introduction to Home Theaters
- Home-theater-in-a-box systems
- Components of a Home-Theater System
- Market Outlook
- Consumer Location Preference for Watching New Movies Post COVID-19
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Prominent Trends Renewing Interest in Dedicated Home Theaters
- Home Theaters: Major Advances Delivering Cinematic Spectacle at Home
- Major Design Trends in Home Theaters
- Multiple Screen Trend Here to Stay
- Hidden Equipment
- Bigger Home Theaters Attract Consumers Inclination
- Multipurpose Rooms
- Secondary Theaters
- Eclectic Style Home Theatres Win Big with Cinephiles
- Growing Smart Homes Catalyze Demand for Home Theaters
- Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
- Rise in Home Entertainment Spending Drives Opportunities
- Leading Streaming Services by Subscriber Base (in Million): 2020
- Global SVOD Services Market Breakdown of Subscriber Base (in %) by Service Provider: 2021E
- Global Number of SVoD Subscribers (In Million): 2015-2024
- Custom Integrators to Cut the Clutter
- Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains
- Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
- Artificial Intelligence (AI) Emerges as a Key Technology to Induce Market Growth
- Soundbars Continue to Grow in Popularity
- New Soundbars Set to Redefine User Listening Experience
- Rise in Penetration of Large Flat Panel TVs Fuels Demand for Soundbars
- Global Sales of OLED and LED TVs (In Million Units) for the Years 2018, 2020, 2022, 2024, & 2026
- Global Shipments of Televisions by Screen Resolution (2018 & 2022): Percentage Breakdown of Volume Shipments for HD/FHD, 4K and 8K TVs
- A Peek into Consumer Behavior
- Home Theatre for Work-from-home
- Home Theatres as Health Retreats
- Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
- Rapid Growth in Urban Households
- World Urban Population in Millions: 1950-2050
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
- Growing Affluence of Middle Class Consumer Segment
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
- Rising Living Standards
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mh9zpd
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