Industry Analysis & Industry Trends
Continued growth in the use of mobile devices and increasing disposable income are expected to drive industry revenue growth in the next five years. Volume sales are forecast to continue benefiting headphone retailers as cheap imports continue to grow as a proportion of the industry's revenue. Additionally, headphone manufacturers are anticipated to increasingly compete through marketing tactics, which will help stores sell higher-end headphones to consumers.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Retail Market for Headphones industry is expected to grow at a slower rate than the overall economy during the 10 years to 2019. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase at an annualized rate of 1.9% from 2009 to 2019, underperforming the US economy, which is expected to grow at an average 2.7% per year over the same period. Typically, an industry whose growth rate rises below the GDP is considered to be in a decline phase of its life cycle. However, analysis of this industry suggests that it is currently in the mature phase of its life cycle.
This is largely due the fact that consumers are using headphones at a high rate as the use of mobile electronics such as smartphones and tablets increase... purchase to read more