Global Earbuds Market Projected to Grow at 7.6% CAGR through 2026

A new research report titled, “Earbuds Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the report, the global earbuds market is likely to grow at a CAGR of 7.6% during the assessment period and reach a valuation of nearly US$ 19 Bn.

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The report offers detailed segment-wise analysis and insights on the key factors fuelling the growth of the global earbuds market. A thorough qualitative and quantitative analysis on the market has been offered for the perusal of the readers. The report also studies the competitive landscape prevailing in the market, and offers detailed analysis on the product and business strategies of key players operating in the market.

According to the report, demand for earbuds is directly linked to the broader developments in the smartphone industry. Over the years, the smartphone industry has witnessed steady growth, which has led to steady demand for mobile accessories and other products. The outlook on the global smartphone market remains positive, and it is highly likely that these broader trends will impact the earbuds market during the assessment period.

In addition to their functional benefits, demand for earbuds is also growing on account of their aesthetic appeal. Earbuds are available in the market in different colors and designs, and sporting one has become a fad among the youth. This factor is pushing the multiple ownership of earbuds, and this is likely to provide an impetus to growth of the market during the assessment period.

The report offers a detailed analysis on the global earbuds market, and offers market forecast in North America, Asia Pacific, Middle East & Africa, Latin America, and Europe. According to the report, North America will continue to be one of the leading markets for earbuds globally, with demand projected to remain concentrated in the US. In addition to North America, Asia Pacific is also likely to emerge as a lucrative market for earbuds during the assessment period.

Access the Report and full TOC @ https://www.mrrse.com/earbuds-market

The growth of the earbuds market in Asia Pacific is likely to remain concentrated in China and India, owing to the robust consumer electronics industry in these two countries. Decades of economic development has led to the emergence of a strong middle class in these two countries, and this demographic has pushed the sales of various consumer electronics in the region. The report projects growth of earbuds market in Asia Pacific to open up new avenues of growth for manufacturers.

The research study also highlights the product and business strategies of some of the leading players in the global earbuds market. Some of the key companies profiled in the report include LG Electronics Inc., Yamaha, Panasonic, JBL, Sennheiser, Jabra, DENON, Samsung, KOSS, Sony, Philips, Bose, and Apple Inc. (Beats Electronics).

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This release was published on openPR.