Author: Anuja Chandrakumar
Date Published:
This luxury audio market report provides an updated outlook for global developments in high-end audio equipment, defined as items that cost more than $5,000 per unit, or $10,000 per pair in the case of loudspeakers. Devices covered include loudspeakers, two-channel amplifiers, turntables, multichannel amps, receivers and sound processors, soundbars, headphones and wireless speakers.
The data in this report is based on original primary research conducted by a team of audio market specialists at Futuresource Consulting in Q4 2022. The methodology involved a combination of leveraging in-house market figures and expertise, and original research with vendors and channel partners operating within the global luxury audio equipment market.
The report provides a strategic framework for any enterprise with an interest in the home premium audio equipment market.
Global shipments of luxury audio electronics continue to rise, reaching a total retail value of $2.8 billion, a 12% rise year-on-year. As many luxury consumers had already invested in high-quality audio products, demand for premium audio dropped considerably in 2022. However, some categories are still recording high growth rates and revenues.
While most regions lifted all Covid restrictions in 2022, there is still a marked preference for at-home audio and video. More streaming services entered the market in the last 2 years and offer audio and video content at higher resolution and in spatial audio formats. This is pushing a higher demand for luxury audio devices like loudspeakers, amplifiers and sound processors, that can be used in complete audio or home theatre setups. Convenient and compact luxury devices that were popular among lifestyle customers and newcomers (e.g. soundbars and wireless speakers) saw lower demand in 2022.
| Comprehensive PDF report
| Executive summary
| Impact of socio-economic developments
| Market overview and outlook
| Regional breakdown
| High-fidelity audio equipment
| Individual product category outlook
| Loudspeakers
| 2-channel amplifiers
| Turntables
| Multichannel amps, receivers and sound processors
| Soundbars
| Headphones
| Wireless speakers
| An updated outlook for the worldwide luxury audio market
| Market size in units and retail value from 2020 to 2026
| Market segmentation by equipment type in volume and value
| Major market players and their market shares by volume and value
| Average retail prices
| Market commentary relating to market trends and forecast assumptions
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
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