Global Home Theatre Market to reach a market size of $13.05 billion by 2025- KBV Research

The North America market dominated the Global Home Theatre Market by Region 2018, thereby, achieving a market value of $5,231.8 million by 2025, growing at a CAGR of 7.9 % during the forecast period. The Asia Pacific market is expected to witness a CAGR of 9.7% during (2019-2025). Additionally, The Europe market is expected to witness a CAGR of 7.5% during (2019-2025).

The Home Theatre IN A Box System (HTIB) market contributed the largest revenue share to the Global Home Theatre Market by Product Type in 2018, and would achieve a market value of $8,410.5 Million by 2025, rising at a growth rate of 8% CAGR during the forecast period. The Sound Bar market is anticipated to experience a growth of 8.9% CAGR during (2019-2025).

The Offline market captured the highest market share in the Global Home Theatre Market by Distribution Channel in 2018, and is expected to reach a market size of $10,157.6 Million by 2025, poised to grow at a CAGR of 8 % during the forecast period. The Online market is forecasted to experience a CAGR of 9.7% during (2019-2025).

Full Report: https://www.kbvresearch.com/home-theatre-market/

The report highlights the adoption of Home Theatre globally. Based on Product Type, the market is segmented into Home Theatre IN A Box System (HTIB), Sound Bar and Component System. Based on Distribution Channel, the market is segmented into Offline and Online. The report also covers geographical segmentation of Home Theatre market. The geographies included in the report are North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. For the better analysis, the geographies are segmented into countries.

Key market participants profiled in this report includes Bose Corporation, Sonos, Inc., Bowers &Wilkins Inc., Atlantic Technology Inc., LG Corporation (LG Electronics), Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Koninklijke Philips N.V. and Toshiba Corporation.

Recent Strategies Deployed in Home Theatre Market

» Partnerships, Collaborations and Agreements:

Apr 2019 - Sonos has collaborated with IKEA for developing smart speakers and audio systems.

Aug 2018 - Samsung has collaborated with Harman in order to deliver perfect sound in new soundbar lineup.

Jun 2018 - Philips TV and Bowers & Wilkins have come to an agreement for a multi-year exclusive partnership to manufacture extraordinary products and raise the bar of visual and audio performance standards.

Jun 2016 - Bose Corporation entered in an agreement for expanding its strategic partnership with Flex. According to this agreement, the ownership and operation of Bose's development and manufacturing operations in Mexico, San Luis, Penang and Malaysia will be transferred to flex. The agreement also allows Bose to have larger access to supply chain solutions of Flex, Thereby accelerating the speed-to-market, globally.

» Product Launches and Expansions:

July 2019 - Samsung has introduced new Home theatre system for the expansion of its audio components.

July 2019 - Sony has launched HT-X8500 Soundbar, a Dolby Atmos®/DTS:X® single soundbar and new HT-S350 Soundbar for offering ultimate home theatre experience.

Jun 2019 - Sony India announced the launching of its HT-S350 Soundbar offering extraordinary experience Samsung has launched Q Series soundbars with embedded features of Dolby Atmos and DTS: X technologies for expansion of its product portfolio.

Jun 2019 - Bose launched addition of Home Speaker 300 to its smart speaker family.

Apr 2019 - Samsung has launched Q Series soundbars with embedded features of Dolby Atmos and DTS: X technologies for expansion of its product portfolio.

Feb 2019 - Panasonic has introduced Dolby Atmos and DTS: X, most cinematic and musically refined soundbars with optimum sound quality and smartphone control.

Dec 2018 - LG Electronics (LG) announced the introduction of its latest sound bar lineup at CES 2019 combined with the advanced "smart" technologies which are becoming necessary for home integration. LG's newest variety of soundbars is in collaboration with Meridian Audio leveraging it’s the electroacoustic design, artificial intelligence features.

Aug 2018 - Samsung Electronics launched its two co-branded premium soundbars – the HW-N850 Aug 2018 - Samsung announced to unveil its smart speaker, dubbed Galaxy Home. The company also informed a new partnership with Spotify, for integrating the music service into a wide range of Samsung devices including TVs, phones, and the upcoming Galaxy Home speaker. These speakers would be powered by audio technology from AKG, a subsidiary of Harman, which was acquired by Samsung last year

Aug 2018 - Sony announced the launch of its newest soundbar home theatre systems - HT-S700RF and HT-S500RF in India.

Aug 2018 - Sonos announced the all-new Sonos Amp, a dynamic and versatile home audio hub system which powers conventional wired speakers with sound from any source, and completely integrates these audio speakers into easy-to-use wireless home sound system from Sonos.

Aug 2018 - Bose Corporation launched its new smart home speaker 500 and two sound bars, Bose Soundbar 700 and Soundbar 500 for home theater and music.

Jun 2018 - Sonos has released Sonos Beam home theatre smart home speaker for expansion of its product line.

Apr 2018 - Panasonic Australia unveiled its first ever Hi-Fi smart speaker with exciting Google Assistant along with its full suite of voice commands, and come with Google Play Music, streaming via Spotify  and much more.

Apr 2018 - Philips India launched a new series of lifestyle entertainment products, including portable media players, home theatre systems, and headphones & docking speakers.

Jan 2018 - South Korean electronics giant LG Electronics is establishing a manufacturing plant in Bangladesh. The expansion is intended to cater the local markets demand for consumer electronics products. Regular product offerings from LG in Bangladesh are majorly related to Smart TV; surround systems, state-of-the-art LED TV, refrigerators, home theatre, washing machines, vacuum cleaner, microwave oven and smartphones.

Aug 2017 - Sony has released HT-RT40, its new home theatre system which has power output of 600W.

» Mergers & Acquisitions:

Mar 2017 - HARMAN, a renowned speaker maker was acquired by Samsung and became a wholly-owned subsidiary of Samsung Electronics Co., Ltd.

Global Home Theatre Market Segmentation

By Product Type

Home Theatre IN A Box System (HTIB)

Sound Bar

Component System

By Distribution Channel

Offline and

Online

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Australia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

Bose Corporation

Sonos, Inc.

Bowers &Wilkins Inc.

Atlantic Technology Inc.

LG Corporation (LG Electronics)

Panasonic Corporation

Samsung Electronics Co., Ltd. (Samsung Group)

Sony Corporation

Koninklijke Philips N.V. and

Toshiba Corporation

Home Theatre Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market