The global home entertainment devices industry are estimated to record a substantial CAGR during the forecast period. The popularity of these devices is increasing rapidly as more and more convenient and economic inventions are witnessed in the last decade. The spending on household leisure activities is increasing continuously which drives the growth of the home devices entertainment market. Consumers are increasingly finding home entertainment appliances attractive as they offer hassle-free, economical entertainment at home in privacy. Due to the increasing disposable income, the consumers are spending heavily in-home entertainment as they are easily exposed to such products owing to the increasing internet penetration.
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Today’s consumers have more information available to them about products and services and are more demanding than ever before. The new generation of consumers values the experience of making a purchasing decision as much as owning the product. With the entertainment sector advancing tremendously as the world becomes more connected and consumers’ options expand, the home entertainment devices market is likely to grow exceptionally in the coming years. Though, in-store or offline distribution channels still the primary mode of sales, a rapid surge in the online distribution channel is expected, especially due to the outbreak of the COVID-19.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Product Type and Distribution Channel
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Apple Inc., LG Electronics, Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Sony 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?
Global Home Entertainment Devices Market Report Segment
By Product Type
- Audio Devices
- Video Devices
- Gaming Consoles
By Distribution Channel
- In-store
- Online
A full report of Home Entertainment Devices Market is available at: https://www.omrglobal.com/industry-reports/home-entertainment-devices-market
