Earphones and Headphones Market Revenue is expected to Surpass US$ 24,050.8 Mn by 2025

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Earphones and Headphones Market

• March 2020

Report Id REP-GB-270 Published On June 20,
2019 Category Electronics, Semiconductors, and
ICT
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Earphones and Headphones Market Analysis
Future Market Insights (FMI) delivers key
insights on the global earphone and headphone
market in its latest report titled Earphone and
Headphone Market Global Industry Analysis and
Opportunity Assessment, 2015-2025. In terms of
value and volume, the global earphone and
headphone market is projected to expand at a CAGR
of 7.0 and 4.1, respectively, during the
forecast period due to various growth factors,
regarding which FMI offers vital insights in
detail in this report. On the basis of product
type, the market has been segmented into wired
and wireless earphone and headphone segments. In
terms of value, the wired earphone and headphone
segment accounted for over 65 share of the
global earphone and headphone market in 2014, and
is expected to witness a decline of 1,240 BPS in
its market share by the end of 2025.On the basis
of price, the market is segmented into premium
price, mid-price and low price. The premium price
segment accounted for 37.9 value share in 2014,
which is projected to increase to 39.1 by the
end of 2025, witnessing a gain of 120 Basis Point
Share. The segment is estimated to expand at a
CAGR of 7.3 during the forecast period.
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Earphones and Headphones Market Analysis
In this report, the market is segmented by
distribution channel into multi-brand store,
single/mono brand store (company-owned store) and
online store segments. In terms of value, the
online store segment is anticipated to expand at
the highest CAGR of 9.1 during the forecast
period. In contrast, the multi-brand store
segment is projected to dominate the global
earphone and headphone market, accounting for
40.3 value share of the overall market by the
end of 2025. The multi-brand store segment is
further sub-segmented into organised store and
independent store. In terms of value, the
organised store sub-segment dominated the market
with 69.7 share in 2014 and is projected to
continue its dominance, accounting for 73.6
market share by the end of 2025
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Earphones and Headphones Market Analysis
Application wise, the global earphone and
headphone market is segmented into media and
entertainment, sports, gaming, personal and
corporate segments. Among these segments, the
personal segment dominated the overall earphone
and headphone market in terms of value with 37.7
market share, which is projected to increase to
43.5 by the end of 2025, expanding at a CAGR of
8.4 during the forecast period. Growth of the
global earphone and headphone market is mainly
driven by increasing disposable income, growing
adoption of mobile devices and rising number of
music streaming subscribers. Mobile phone and
existing headphone manufacturers are increasingly
inclined towards diversifying their earphone and
headphone portfolio in order to enhance their
presence in the market.
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Earphones and Headphones Market Analysis
This report covers trends driving each segment
and respective sub-segments and offers analysis
and insights of the potential of the earphone and
headphone market in specific regions. By region,
Asia Pacific Excluding Japan (APEJ) dominated the
earphone and headphone market, accounting for
over 50 share of the overall market in terms of
both value and volume in 2014, and is anticipated
to remain dominant till the end of 2025. Adoption
of convenient cash-on-delivery payment options
for headphone and earphone as opposed to
traveling to brick and mortar stores is on the
rise in Asia. Some of the key players identified
in global earphone and headphone market are Beats
(Apple Inc.), Plantronics Pty Ltd., Sennheiser
Electronic GmbH Co. KG, Sony Corporation, GN
Netcom A/S(Jabra), Harman International
Industries, Inc. (AKG), Bose Corporation, JVC
Corporation, Philips Electronics Ltd. and
Audio-Technica Corporation. Major players in the
market follow the strategy of introducing
innovative and cost effective earphones and
headphones to buy out competition.
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Earphones and Headphones Market Analysis

• Press Release Source https//www.prnewswire.com/n
  ews-releases/earphone-and-headphone-market-expecte
  d-to-increase-at-a-cagr-8-during-2018-to-2028--fut
  ure-market-insights-300879767.html
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Earphones and Headphones Market Analysis
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Earphones and Headphones Market Analysis
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