The global audio equipment market is expected to grow from $24.59 billion in 2020 to $28.54 billion in 2021 at a compound annual growth rate (CAGR) of 16.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $28.71 billion in 2025 at a CAGR of 0.1%.
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The audio equipment market consists of sales of audio equipment and related services that are used for entertainment, musical instrument amplification, motor vehicles, and public address. Audio equipment is a device that is used for recording, reproducing, and processing the sound. Audio equipment include speaker systems, stereo equipment, and amplifiers for musical instruments and public address systems.
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The audio equipment market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the audio equipment market are Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, MIPRO, Allen and heath, TOA, Wisycom, Beyerdynamic, Lectrosonic, Line6, Audix, DPA, Rode, Shoeps, Electro Voice, Telefunken, Clock Audio, Biamp, Symetrix, QSC, Polycom, Extron, Crestron, BSS, Roland Corporation.
The global audio equipment market is segmented –
1) By Type: Loudspeakers, Microphones, Amplifiers, Turntables, Others
2) By End User: B2B, B2C
3) By Technology: Wired, Wireless
4) By Price Range: Low, Medium, High
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The audio equipment market report describes and explains the global audio equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The audio equipment report evaluates the market across each region and for the major economies within each region.
The countries covered in the global audio equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global audio equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Audio Equipment Market Characteristics
- Audio Equipment Market Product Analysis
- Audio Equipment Market Supply Chain
- Key Mergers And AcquisitionsIn The Audio Equipment Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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