Learn about the global audio equipment market through The Business Research Company, which provides information on audio equipment market size, audio equipment market drivers and restraints, audio equipment market players, the COVID-19 impact on the audio equipment market, and more.

The global audio equipment market size is expected to grow from $32.32 billion in 2021 to $34.42 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The audio equipment market is expected to reach $42.44 billion in 2026 at a CAGR of 5.4%.

The audio equipment market is expected to be driven by growing demand for wireless audio devices.

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The audio equipment market consists of sales of audio equipment and related services that are used for entertainment, musical instrument amplification, motor vehicles, and public address. Audio equipment is a device that is used for recording, reproducing, and processing the sound. Audio equipment include speaker systems, stereo equipment, and amplifiers for musical instruments and public address systems.

Global Audio Equipment Market Segments Include:

By Type: Loudspeakers, Microphones, Amplifiers, Turntables, Others

By End-User: B2B, B2C

By Technology: Wired, Wireless

By Price Range: Low, Medium, High

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the audio equipment market in 2021.

The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth connected speakers.

TBRC’s audio equipment market report covers:

Major Market Players: Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, and MIPRO.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Audio Equipment Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026  is one of a series of new reports from The Business Research Company that provides audio equipment market overviews, analyzes and forecasts market size, share, audio equipment market players, audio equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s audio equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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