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The Retail Market for Audio Equipment - Industry Market Research Report

  • September 2016
  • -
  • Ibisworld
  • -
  • 30 pages

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Listen up: Rising disposable income and e-commerce will boost audio equipment sales



Abstract

The Retail Market for Audio Equipment

Driven by growth in disposable income and housing, the Retail Market for Audio Equipment is expected to expand over the five years to 2016. New technologies have simultaneously bolstered and competed with audio equipment retailers. On one hand, audio equipment quality has improved, and such equipment is increasingly compatible with other electronics. On the other hand, consumer electronics, cars and other products have improved audio systems built in, making audio equipment an increasingly discretionary purchase. Most notably, technology has brought about a rise in e-commerce and its prevalence has led to an influx of audio equipment e-tailers. Furthering profit growth, disposable income and e-commerce sales are projected to continue rising over the next five years.



Companies in this industry sell consumer audio equipment and components, parts and accessories for such equipment. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers. Sales of commercial or industrial audio equipment are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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