Global Home Audio Equipment Market: Clear Understanding of The Competitive Landscape and Key Product Segments
According to a new market report published by Transparency Market Research “Home Audio Equipment (Product Types - Home Theatre in-a-box, Home audio systems, Home radios, Other home audio accessories) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the market was valued at USD 15.94 billion in 2012 and is expected to reach USD 20.68 billion by 2019, growing at a CAGR of 3.7% from 2013 to 2019. Europe was the largest contributor to global home audio equipment market in 2012. Asia Pacific region is expected to be the fastest growing market for home audio equipment during the forecast period with a CAGR of 5.7% from 2013 to 2019. The rapid growth of electronic industry in Asia Pacific region, particularly in countries like China, Japan, Korea, and India is driving the growth of Asia Pacific in home audio equipment market. Advancement in audio technologies and development of advanced home entertainment products has increased the usage...