The Asia-Pacific home entertainment devices market is estimated to witness a strong CAGR during the forecast period. With rapid economic growth, increasing urbanization, changing consumer lifestyles, and an increase in the tech-savvy population are some of the major factors driving the growth of the Asia-Pacific home entertainment devices market. The region boasts two of the fastest-growing economies including India and China. Urbanization is also at an all-time high and playing a pivotal role in the growth of home entertainment devices. With the increasing demand for portable, luxurious devices, consumers are turning towards home entertainment devices. The sales of these devices have increased exceptionally in the last few years with the increase in the development of connected products witnessed.
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Home entertainment products are luxury goods, differing from everyday products. The sales performance for these products is linked to the growth in per capita disposable income. In the last decade, the disposable income in the region has increased substantially and is anticipated to grow further during the forecast period, which in turn will stimulate the growth of the Asia-Pacific home entertainment devices.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Product Type and Distribution Channel
- Countries Covered- China, India, Japan, and Rest of Asia-Pacific
- Competitive Landscape- BenQ Corp., Haier, Inc., LG Electronics Inc., Sony Corp., and TCL Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Home Entertainment Devices Market- Segmentation
By Product Type
- Audio Devices
- Video Devices
- Gaming Consoles
By Distribution Channel
- In-store
- Online
A full report of Asia-Pacific Home Entertainment Devices Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-home-entertainment-devices-market
Asia-Pacific Home Entertainment Devices Market– Segment by Region
- China
- Japan
- India
- Rest of Asia-Pacific
