Worldwide Home Loudspeaker Market Shows Pockets of Growth

Futuresource Consulting unveiled its latest Home Audio Worldwide Loudspeaker Report which demonstrates that the market is showing resilience despite shifting listening habits, as consumers look beyond traditional audio products, fixing their sights on smart speakers and headphones. The recent changes in loudspeaker preferences means trade value is faring better than volume, according to the new worldwide loudspeaker report from Futuresource.

The Consumer Electronics (CE) team at Futuresource Consulting has shared some top line trends from their latest Loudspeaker Market Report showing that value is beating volumes as the traditional loudspeaker product segment makes the $3 Billion USD barrier. The report forecasts an average retail price increase through to 2022 in virtual every major category, allowing for value to significantly outperforming volume, as the overall market is shrinking, when ignoring the massive growth generated by wireless, connected and smart speakers.