Global Sports Headphones Market to Reach Revenues of Over $5 Billion by 2024- Market Research Report by Arizton

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Sep 17, 2019, 10:00 ET

CHICAGO, Sept. 17, 2019 /PRNewswire/ -- According to Arizton's recent research report Sports Headphones Market – Global Outlook and Forecast 2019-2024, the global sports headphones market is expected to grow at a CAGR of more than 14% with in-ear sports headphones segment expected to dominate the global revenues during the forecast period.

Key Highlights Offered in the Report:

North America is expected to add over $1 billion to the sports headphones market from 2018 to 2024.
In terms of distribution, the online channels segment accounted for 83% of sports headphones sales, of which direct-to-consumer stores constituted over 80% in 2018, and OEMs' online portals accounted for 12% share.
With more than 25,150 fitness clubs and the total membership of over 22 million in 2018, the APAC hosts the leading 14 fitness industries, thereby offering high opportunities for vendors.
The introduction of smart headphones, which are built with the latest technology including water resistance, noise cancellation, HD and Blu-ray sound format, 3D surround sound, storage capacity, is expected to take the sports headphones market to the next level.
As smartwatches and other wearables are offering new perspectives, their adoption rates have fueled market opportunities for smart hearables such as sports headphones.
APAC is witnessing revenue growth due to higher unit sales, including the sale of lower priced models from unidentified vendors

Key Offerings:

Market Size & Forecast by Revenue| 2018−2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product type, technology, features, distribution channel, and geography.
Competitive Landscape – Profile of 3 key vendors and 27 other vendors.

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Sports Headphones Market – Segmentation

The research report includes detailed market segmentation by product types, technology, features, distribution channel, and geography
The global in-ear sports headphones market is expected to grow at a CAGR of 15% during the period 2018−2024.
The availability of certain advanced features, including sound transparency, ambient noise control, speech elevation, and gesture recognition is expected to drive the segment during the forecast period. True wireless models have been positioned a notch high above standard wireless headphones as they have capabilities to provide users better hearing experience and high controls over surrounding sound and boast better fit and innovative features.

Market Segmentation by Product Type

In-ear
Over-ear

Market Segmentation by Technology

Wired
Wireless
True Wireless

Market Segmentation by Features

Smart
Non-smart

Market Segmentation by Distribution

Retail
On-line

Market Segmentation by Geography

North America
Europe
MEA
APAC
Latin America

Sports Headphones Market– Dynamics

The headphones market witnessed a major shift after the launch of Apple's truly wireless headphones, AirPods, at the end of 2016. Several market vendors have launched true wireless headphones with advanced functionalities. The launch of earphones with the Ingress Protection Rating (IPX) certification is further increasing the popularity of the sports headphones market.

Key Drivers and Trends Fueling Market Growth:

Maximization of Audio Quality and Features
Transition to Hearables in the Connected Environment
Adoption of Modern and Advanced Technology for Product Enhancements
Innovations in Audio Technology and Headphone Manufacturing

Sports Headphones Market –Geography

Europe has been central to several innovations in the headphones market. The consumers in Europe are showing keen interest in the adoption of paid digital audio subscriptions. They are also actively engaged in fitness and sports activities. Therefore, these trends are expected to develop opportunities for high sales of headphones as essential accessories to stream the user's favorite music, underpinning the sales of sports headphones with features.

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Market Segmentation by Geography

North America

US
Canada

Europe

France
Germany
UK
Italy
Nordic
Spain

APAC

China
Japan
India
Australia
South Korea

Latin America

Brazil
Mexico
Argentina
Chile

MEA

South Africa
UAE
Saudi Arabia

Major Vendors

Samsung
Sony
Sennheiser

Other vendors include Anker Innovations, Apple, Audio-Technica, Bang & Olufsen, Boat, Bragi, Cowin, Creative, Denon, GoNoise, Huawei, Jabra, Jaybird, Bose, Jays, JLab, Motorola Mobility (Lenovo), Philips, Pioneer, Plantronics, Skullcandy, SOL REPUBLIC, Toshiba, Under Armour, Urbanista, Xiaomi and Zound Industries.

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence