Press release
Sales of Home Entertainment Devices Through Offline Retail Channels to Grow 1.7X by 2029 end
The global home entertainment device market is set to grow at a healthy CAGR of over 6 % through the forecast period (2019-2029). This increase in growth can be largely attributed to a growing demand for high quality, innovative, connected, and intelligent entertainment devices in home settings, which has come about with rise in standard of living, proliferation of high net worth individuals and changes in consumer lifestyles.Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/4487/home-entertainment-devices-market
Further, the frequent development of new, but related technologies and innovative products, coupled with a decline in the prices of home entertainment devices are also being considered as drivers of growth for the worldwide market.
Key Takeaways of Home Entertainment Device Market
• While audio devices are the fastest growing segment in home entertainment devices, with a CAGR of more than 7 %, video devices continue to hold a substantially larger volume in market share and are expected to continue their dominance through the forecast period, growing 1.8X
For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=4487
• Offline retail accounts for majority of the home entertainment devices market share at 72.8 % and is expected to display a healthy CAGR of more than 5 %, projected to grow 1.7 x. However, the online distribution channels for home entertainment devices is expected to display a substantially higher rate of growth.
• North America dominates the market share accounting for more than one fourth of the overall volume of home entertainment devices. However, cumulatively, countries in the Asia Pacific region are displaying higher CAGRs owing to growth in urban populations and standards of living and will grow 2.3 x during the forecast period.
For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=4487
• DVD players have come on top as the most popular home entertainment devices with more than 45 % of households estimated to have purchased at least one such unit. Other popular devices in the field include Blu-ray players, and high end gaming consoles.
“Increasingly large amounts of high-quality and varied content with new technology, and the impact of new technology-related regulations will positively influence the market growth.” says the Fact.MR analyst.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4487/S
Smart Connectivity Tech Generates Opportunities for Home Entertainment Device Development
Home entertainment devices are largely considered to be luxury commodities, and are set aside from essentials, which consumers require for their daily needs.
Read More Trending and Similar Reports from Fact.MR – http://www.globenewswire.com/en/news-release/2019/06/07/1865854/0/en/Smart-Remote-Control-Sales-Surge-in-Line-with-Spending-on-Home-Automation-Systems-finds-Fact-MR-study.html
Consequently, the rise in luxury products corresponds to a rise in disposable incomes. In addition, integration of cutting edge connectivity tech has provided home entertainment devices intelligent capabilities. Such smart, connected home entertainment devices generate opportunities in development of superior functionality and reliability.
For comprehensive insights on this market adoption, ask an analyst here - https://www.factmr.com/connectus/sample?flag=AE&rep_id=4487
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1268/global-home-entertainment-devices-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sales of Home Entertainment Devices Through Offline Retail Channels to Grow 1.7X by 2029 end here
News-ID: 2286988 • Views: …
More Releases from Fact.MR
Irritable Bowel Syndrome Treatment Market is Growing at 8.7% CAGR to Surpass US$ …
It is projected that the North American market for treatments for irritable bowel syndrome (IBS) would produce around US$ 1,722 million in sales by 2024. The North American market is being driven by customized IBS treatment solutions since patient-centric care models are becoming more and more popular in the US and Canada.
The market for treatments for irritable bowel syndrome is predicted to grow at a compound annual growth rate…
Aircraft Seat Market Size to Worth US$ 8,307.3 Million at a CAGR of 6.1% by 2034 …
The aircraft seat market in North America is expected to increase at a compound annual growth rate (CAGR) of 6.5% through 2034. A surge in market demand in important nations, especially the United States and Canada, is the main cause of the noteworthy increase. With a projected 72.3% market share in 2024, the US led the business.
The global aircraft seats market is projected to be valued US$4,595.2 million in 2024.…
Spa Market to Witness Exponential Growth, Expected to Hit US$ 416.05 Billion by …
In 2023, the worldwide spa market is projected to be worth US$ 133.96 billion. By the end of 2033, the global market for spa treatment choices is expected to be valued US$ 416.05 billion, growing at a compound annual growth rate of 12%.
Global demand for spa treatments is predicted to rise as personal healthcare solutions gain popularity. People's ability to spend more on a variety of lifestyle products, such as…
Whipping Cream Market Is Anticipated To Reach US$ 14.6 Billion By 2033: Fact.MR …
The whipping cream market is projected to have reached a value of US$ 8.1 billion in 2023, with forecasts indicating a climb to US$ 14.6 billion by 2033. This growth trajectory suggests a compound annual growth rate (CAGR) of 6% from 2023 to 2033.
The Whipping Cream Industry sales study offers a comprehensive analysis on diverse features including production capacities, Whipping Cream demand, product developments, sales revenue generation and Whipping Cream…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
