Press release
Home Theatre Market 2020-2027: Industry Size, Share, Growing Demand, Opportunities, Development Factors, Regional Analysis And Leading Key Players
Home theatre Market
Increasing population, surge in disposable income, increasing requirement of home entertainment and technology advancement are the factors dominating the demand of the home theatre market. Home theater system has created a substantial interest of the customers in the home entertainment progressions from past few years.Hike in the prices of movie tickets has been one of the factors for rising requirement of feasible and advanced home theatre systems, which have presented opportunity for the customers to experience advanced home entertainment.
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Home theatre is swiftly replacing the conventional television by technological incorporations in the new models of home theatre system;which present similar outlook as that of small multiplex cinemaproviding the super HD quality.Additionally, the key manufactures have launched home theatre packages as per the requirement of customersand installation necessities according to the size and design of the room. Whereas,the high cost of installation hinders the growth of home theatre market.
Regional Analysis - Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Group, JBL Corporation, Bowers & Wilkins, Atlantic Technology Inc.,Akai Electronics Company, Definitive Technology, GoldenEar Technology, Yamaha Corporation and Pioneer Corporation.
The key market players profiled in the report include - North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)
COVID-19 ScenarioAnalysis:
The COVID-19 scenario has inclined the customers towards the essential commodities rather than luxury goods such as home theatre, which in turn has impacted the sales and revenue of the home theatre market. The production of home theatre systems is hampered due to the shutdown of various manufacturing units and shortage of manpower. China has been the leading country in the production and export of electronic products, butdue to recent trade restrictionsadopted in several countriesthe global supply chain of home theatre market has been declined. Transportation restrictions imposed in various parts of the world have led to disruption in the delivery of home theatres through online platforms.
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Key Segments Covered:
Product Outlook
• Home Theatre in Box System
• Sound Bar
• Component System
Components
• Sound & Display System
• Media Player
• Storage Device
• Others
Distribution Channel
• Online
• Offline
Key Benefits of the Report:
○ This study presents the analytical depiction of the home theatre industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the home theatre market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global home theatre market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed home theatre market analysis based on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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