Industry Analysis & Industry Trends
After a period of stagnation during the recession, rising disposable income levels help spur new discretionary purchases of headphones between 2010 and 2015. The headphone market also benefited from the introduction of new fashionable products. In addition, low-cost imports reduced the average price of headphones, enabling consumers to purchase more products, resulting in an incrase in revenue. In the next five years, continued growth in the use of mobile devices and higher disposable income are forecast to drive industry revenue increases. Additionally, headphone manufacturers are anticipated to increasingly compete through marketing tactics, which will enable stores to sell higher-end headphones to consumers.... purchase to read more
Industry Report - Industry Locations Chapter
As with many other retail industries, location of headphone retailers is expected to generally fall in line with each region's population level and consumer demand. This, in turn, affects the employment level and wage costs of each region. When a region contains more residents, demand for headphones is generally greater in this area. Additionally, the larger big-box stores have more square footage and, therefore, more room to sell headphones.
The Southeast region accounts for the largest share of industry establishments and population, representing 23.8% and 25.4%, respectively. Florida accounts for the most significant share of both market presence in the region with 6.8%; there are several large cities in the state, which are hubs for consumer activity... purchase to read more