Earbuds market is anticipated to grow at an exponential CAGR of 21.3% during the forecast period. One of the factors that are driving the market is the high availability of music. Music had been an integral part of most people across the globe with all kinds of languages which has become highly available at different sources which were not that easy a few years back. With the availability of multiple music applications on the smartphone, access to music has become far easier than people now can listen to their favorite songs anytime, anywhere without paying a lot. This has increased the interest of people in music as it’s easy to access which has grown the demand for Earbuds that keeps people in the musical state without disturbing others. Moreover, higher quality of sound in Earbuds than in a speaker has also contributed to the growth of the market.
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During the period of the COVID-19 pandemic, the demand for Earbuds were increased, as people were consuming different content on their own devices, and working professionals were working from their homes. Several key market players also reported a significant growth in the sales of Earbuds and earphones in 2019-2020. For instance, as per the annual report of BoAt 2020, the company’s revenue grew by more than 117% as compared to that of the company in 2019.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Earbuds Market by Type
- Wired Earbuds
- Wireless Earbuds
Global Earbuds Market by Price Range
- Premium Range
- Mid Range
- Low Range
Global Earbuds Market by Distribution Channel
- Online
- Offline
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bose Corp.
- Edifier International Ltd.
- Huawei Device Co., Ltd.
- Imagine Marketing Pvt. Ltd. (boAt)
- Jlab
- QCY
- Realme Chongqing Mobile Telecommunications Corp., Ltd.
- Skullcandy Inc.
- vivo Mobile Communication Co., Ltd.
- Xiaomi Group
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Earbuds market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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