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Audio Equipment Market Size, Share, Trends, Growth And Industry Forecast 2023-2032
Audio Equipment Market Report
The Business Research Company's Audio Equipment Global Market Report 2023 identifies the demand for wireless audio devices as the major driver for the audio equipment market's growth in the forecast period. Consumers are increasingly using their mobile devices, laptops, and tablets to play audio on speakers wirelessly, which is driving the growth of Wi-Fi and Bluetooth-connected speakers.
The global audio equipment market size will grow from $33.13 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global audio equipment market size is expected to grow to $37.9 billion in 2027 at a CAGR of 2.7%.
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Major competitors in the audio equipment market are Sennheiser, Yamaha, Audio-Technica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, and MIPRO.
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The audio equipment market is segmented -
•By Type: Loudspeakers, Microphones, Amplifiers, Turntables, Other Types
•By End User: B2B, B2C
•By Technology: Wired, Wireless
•By Price Range: Low, Medium: High
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the audio equipment market.
The Business Research Company's "Global Audio Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Audio Equipment Market Include:
1. Executive Summary
2. Audio Equipment Market Characteristics
3. Audio Equipment Market Trends And Strategies
4.Audio Equipment Market - Macro Economic Scenario
5. Audio Equipment Market Size And Growth
……
26. Africa Audio Equipment Market
27. Audio Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Audio Equipment Market
29. Audio Equipment Market Future Outlook and Potential Analysis
30. Appendix
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