Futuresource Consumer Home Audio Market

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Consumer Electronics

Date Published: 30 Oct 2024

This report provides an updated outlook for the worldwide home audio market, quantifying the market in terms of value and volume. Reviewing products such as wireless speakers, soundbars, A/V receivers, Hi-Fi systems and smart speakers, the report provides a comprehensive insight into market dynamics. Shipments are reported at sell-in.

This report is accompanied by a detailed Excel spreadsheet which segments data by 38 regions/countries (for those who have a global subscription). The report provides a strategic framework for any enterprise with an interest in the home audio equipment market.

H1 2024 saw the home audio market declining in both volume and value with year-on-year rates of -5.5% and -6.1% respectively. Full year 2024 is expected to remain negative although it will be slightly better than the H1 2024 performance with full year volume and value expected to reach 167m and $21.4bn which is 4.0% and 2.3% lower than full year 2023.

Although the home audio market is in decline, the Wireless speakers category remains the biggest-selling home audio product, growing at -5% and reaching 58m units in H1 2024.

| Comprehensive PDF report

| Executive summary

| Home audio market size

| Home audio market outlook by region and by device

| Wireless speaker market outlook, development and ownership

| Wi-Fi speakers brand share and price segmentation

| Smart speaker market outlook and usage

| Bluetooth speakers brand share

| Party speakers

| Soundbars market outlook, usage, segmentation and brand share

| Hi-Fi systems market outlook

| A/V receivers market outlook

| Home audio brand landscape

| Accompanying Excel spreadsheets

| An updated outlook for the worldwide home audio market

| Sales, shipment volumes, and installed base

| Five-year market forecasting

| Vertical analyses

Futuresource has been tracking, researching and consulting on the CE landscape for the last 30 years. This publication is one in a series of research reports, produced to provide businesses with a fully rounded view of the market.

Any business operating within the home audio space and related sectors will benefit from this report, particularly:

| Manufacturers and their suppliers

| Intermediaries and supply chain

| Retailers

| CE market strategists, marketing and sales professionals

| Investors