Industry Analysis & Industry Trends
Continued growth in the use of mobile devices and increasing disposable income are projected 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
Although the headphone retailing industry's contribution to the economy, which is measured as industry value added (IVA), is declining, the industry is in the mature stage of its life cycle. Consumers are using headphones at a high rate as mobile electronics like smartphones and tablets increase in popularity. Likewise, employment and disposable income growth in the next five years are projected to boost consumer demand for headphones. Disposable income growth is also expected to expand the higher-end headphone product segment, driving industry revenue growth.
Despite the increasing use of headphones, these products are becoming cheaper due to offshoring and as initial development costs are gradually deducted from the retail price... purchase to read more