Audio Equipment Market Size, Statistics, Industry Trends, Forecast By 2030

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Audio Equipment Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Audio Equipment Market Segments
The Business Research Company segments its Audio
Equipment Market report as
Loudspeakers, Microphones, Amplifiers,
Turntables, Other Types
By Type
B2B, B2C
By End User
Wired, Wireless
By Technology
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Audio Equipment Market Statistics
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 market size of the global audio
equipment is expected to grow to 37.9 billion in
2027 at a CAGR of 2.7.
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Key Market Drivers And Trends
Drivers
The audio equipment market is expected to be
driven by growing demand for wireless audio
devices.
Trends
The demand for wireless audio equipment market is
increasing rapidly due to the increasing
popularity of mobile devices and changing media
consumption behaviour of consumers.
Region
Asia-Pacific was the largest region in the audio
equipment market in 2022.
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Key Market Players

• Major players in the Audio Equipment Market are
• Sennheiser
• Yamaha
• Audio-Technica
• Shure
• AKG

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5 Reasons Why TBRC Is The Solution You Need

1. Measure the impact of high global inflation on
   market growth
2. Outperform competitors using forecast data and
   the drivers and trends shaping the market
3. Get a comprehensive market sizing report with a
   truly global perspective covering 60 geographies
   from The Business Research Company, with data
   from 2017 to 2023 and forecasts up to 2032.
4. Assess the Russia-Ukraine wars impact on
   commodity supply and its direct and indirect
   impact on all the markets
5. Benchmark performance against key competitors.

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