Europe AV Receiver Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Channel (Channel 5, Channel 7, Channel 9, and Others) and Application (Residential and Commercial)
Description
Europe AV Receiver Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Channel (Channel 5, Channel 7, Channel 9, and Others) and Application (Residential and Commercial)
The AV receiver market in Europe is expected to grow from US$ 585.05 million in 2021 to US$ 745.44 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.
A constantly rising demand for advanced home theaters and amplifiers from the residential and commercial sectors influences the market players to invest in developing new products rapidly. A few of the players operating in the Europe AV receiver market are Arcam, Anthem Inc., Cambridge Audio, Marantz, LG Electronics, and Pro FX Tech Pvt Ltd. A few of the recent product developments by major market players are mentioned below:
In October 2021, ARCAM introduced the AVR5. The product supports Dolby Atmos and DTS:X 12-channel decoding, Dolby Vision up to 4K, Apple Air Play2, Bluetooth apt X HD, Chromecast, MQA, and Roon.
In October 2021, AVR-S760H and AVR-S660H, two new S-Series AV receivers were launched by Denon (Sound United). Three 8K HDMI inputs are included in each of the new S-Series AV receivers, allowing users to upgrade to the newest 8K entertainment and gaming sources. The AVR-S760H and S660H include enhanced voice control, networking options, and the latest technology to deliver an immersive surround sound experience for movies and music.
Thus, such continuous product developments and rising demands for AV receivers are driving the AV receiver market growth in Europe.
The overall European economy was severely impacted by various social limitations and restrictions imposed by corresponding authorities upon the onset of the COVID-19 pandemic. The pandemic severely hit the European automotive industry, which, thus, experienced a decline of more than 20% in overall automotive production due to severe supply chain disruptions caused by lockdown measures, which led to lowered demand for AV receivers. The residential segment, however, exhibited a rise in demand for AV receivers in European countries. Further, most of this elevated demand remained unfulfilled owing to the shutdown of e-commerce operations and retail outlets. COVID-19 has compelled manufacturers to streamline their production processes to tackle disruptions caused by unforeseen calamities and resolve uncertain challenges. With a rise in mass vaccination efforts, demand for AV receivers has started to recover from the Q3 of 2020, as companies began investing in making operations more efficient and productive.
With new features and technologies, vendors can attract new customers and expand their footprints in markets. This factor is expected to grow at a good CAGR during the forecast period.
Europe AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
Europe AV Receiver Market Segmentation
Europe AV receiver market is segmented into channel and application, and country. Based on channel, the global AV receiver market is sub-segmented into channel 5, channel 7, channel 9, and others. The Channel 7 segment accounted for the highest share in the Europe AV receiver market in 2020. Based on application, the AV receiver market is segmented into residential and commercial. The residential segment accounted for the highest share the Europe AV receiver market in 2020. Based on country, the Europe AV receiver market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020. Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the Europe AV receiver market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe AV receiver market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe AV receiver market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the AV receiver market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The AV receiver market in Europe is expected to grow from US$ 585.05 million in 2021 to US$ 745.44 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.
A constantly rising demand for advanced home theaters and amplifiers from the residential and commercial sectors influences the market players to invest in developing new products rapidly. A few of the players operating in the Europe AV receiver market are Arcam, Anthem Inc., Cambridge Audio, Marantz, LG Electronics, and Pro FX Tech Pvt Ltd. A few of the recent product developments by major market players are mentioned below:
In October 2021, ARCAM introduced the AVR5. The product supports Dolby Atmos and DTS:X 12-channel decoding, Dolby Vision up to 4K, Apple Air Play2, Bluetooth apt X HD, Chromecast, MQA, and Roon.
In October 2021, AVR-S760H and AVR-S660H, two new S-Series AV receivers were launched by Denon (Sound United). Three 8K HDMI inputs are included in each of the new S-Series AV receivers, allowing users to upgrade to the newest 8K entertainment and gaming sources. The AVR-S760H and S660H include enhanced voice control, networking options, and the latest technology to deliver an immersive surround sound experience for movies and music.
Thus, such continuous product developments and rising demands for AV receivers are driving the AV receiver market growth in Europe.
The overall European economy was severely impacted by various social limitations and restrictions imposed by corresponding authorities upon the onset of the COVID-19 pandemic. The pandemic severely hit the European automotive industry, which, thus, experienced a decline of more than 20% in overall automotive production due to severe supply chain disruptions caused by lockdown measures, which led to lowered demand for AV receivers. The residential segment, however, exhibited a rise in demand for AV receivers in European countries. Further, most of this elevated demand remained unfulfilled owing to the shutdown of e-commerce operations and retail outlets. COVID-19 has compelled manufacturers to streamline their production processes to tackle disruptions caused by unforeseen calamities and resolve uncertain challenges. With a rise in mass vaccination efforts, demand for AV receivers has started to recover from the Q3 of 2020, as companies began investing in making operations more efficient and productive.
With new features and technologies, vendors can attract new customers and expand their footprints in markets. This factor is expected to grow at a good CAGR during the forecast period.
Europe AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
Europe AV Receiver Market Segmentation
Europe AV receiver market is segmented into channel and application, and country. Based on channel, the global AV receiver market is sub-segmented into channel 5, channel 7, channel 9, and others. The Channel 7 segment accounted for the highest share in the Europe AV receiver market in 2020. Based on application, the AV receiver market is segmented into residential and commercial. The residential segment accounted for the highest share the Europe AV receiver market in 2020. Based on country, the Europe AV receiver market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020. Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the Europe AV receiver market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe AV receiver market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe AV receiver market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the AV receiver market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
99 Pages
- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Europe AV Receiver Market- Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Europe AV Receiver Market Landscape
- 4.1 Market Overview
- 4.2 Europe PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. Europe AV Receiver Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Smart TVs and Home Theaters Getting Popular
- 5.1.2 Surge in Strategic Developments and Investments by Major Players
- 5.2 Market Restraints
- 5.2.1 Less Adoption of AV Receivers
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.4.1 Significant Technology Integration such as Wi-Fi, Bluetooth, and Airplay with AV Receivers
- 5.5 Impact Analysis of Drivers and Restraints
- 6. AV Receiver Market - Europe Analysis
- 6.1 Overview
- 6.2 Europe AV Receiver Market Forecast and Analysis
- 7. Europe AV Receiver Market Analysis - by Channel
- 7.1 Overview
- 7.2 Europe AV Receiver Market Breakdown, by Channel, 2020 and 2028
- 7.3 Channel 5
- 7.3.1 Overview
- 7.3.2 Channel 5: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Channel 7
- 7.4.1 Overview
- 7.4.2 Channel 7: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Channel 9
- 7.5.1 Overview
- 7.5.2 Channel 9: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- 8. Europe AV Receiver Market Analysis - by Application
- 8.1 Overview
- 8.2 Europe AV Receiver Market, by Application (2020 and 2028)
- 8.3 Residential
- 8.3.1 Overview
- 8.3.2 Residential: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Commercial
- 8.4.1 Overview
- 8.4.2 Commercial: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9. Europe AV Receiver Market - Country Analysis
- 9.1 Overview
- 9.1.1 Europe: AV Receiver Market, by Key Country
- 9.1.1.1 Germany: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Germany: AV Receiver Market, by Channel
- 9.1.1.1.2 Germany: AV Receiver Market, by Application
- 9.1.1.2 France: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 France: AV Receiver Market, by Channel
- 9.1.1.2.2 France: AV Receiver Market, by Application
- 9.1.1.3 Italy: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Italy: AV Receiver Market, by Channel
- 9.1.1.3.2 Italy: AV Receiver Market, by Application
- 9.1.1.4 UK: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 UK: AV Receiver Market, by Channel
- 9.1.1.4.2 UK: AV Receiver Market, by Application
- 9.1.1.5 Russia: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.5.1 Russia: AV Receiver Market, by Channel
- 9.1.1.5.2 Russia: AV Receiver Market, by Application
- 9.1.1.6 Rest of Europe: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.6.1 Rest of Europe: AV Receiver Market, by Channel
- 9.1.1.6.2 Rest of Europe: AV Receiver Market, by Application
- 10. Impact of COVID-19 Pandemic on Europe AV Receiver Market
- 10.1 Europe: Impact Assessment of COVID-19 Pandemic
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
- 12. Company Profiles
- 12.1 Arcam
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 LG Electronics
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Marantz
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Pyle Audio
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Yamaha Corporation
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Sony Corporation
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Onkyo Corporation
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 NAD Electronics
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary
- List of Tables
- Table 1. Europe AV Receiver Market Revenue and Forecasts to 2028 (US$ Mn)
- Table 2. Germany: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 3. Germany: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 4. France: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 5. France: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 6. Italy: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 7. Italy: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 8. UK: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 9. UK: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 10. Russia: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 11. Russia: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of Europe: AV Receiver Market, by Channel -Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of Europe: AV Receiver Market, by Application -Revenue and Forecast to 2028 (US$ Million)
- Table 14. Glossary of terms, Europe AV receiver market
- List of Figures
- Figure 1. Europe AV Receiver Market Segmentation
- Figure 2. Europe AV Receiver Market Segmentation - By Country
- Figure 3. Europe AV Receiver Market Overview
- Figure 4. Channel 7 Held the Highest Share in Europe AV Receiver Market in 2020
- Figure 5. Residential Held the Highest Share in Europe AV Receiver Market in 2020
- Figure 6. Europe AV Receiver Market, by Country
- Figure 7. Europe - PEST Analysis
- Figure 8. Europe AV Receiver Market - Ecosystem Analysis
- Figure 9. Expert Opinion
- Figure 10. Europe AV Receiver Market: Impact Analysis of Drivers and Restraints
- Figure 11. Europe AV Receiver Market Forecast and Analysis, (US$ Mn)
- Figure 12. Europe AV Receiver Market Revenue Share, by Channel (2020 and 2028)
- Figure 13. Europe Channel 5: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Europe Channel 7: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Europe Channel 9: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Europe Others: AV Receiver Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Europe AV Receiver Market Revenue Share, by Application (2020 and 2028)
- Figure 18. Europe Residential: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Commercial: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Europe: AV Receiver Market, by Key Country - Revenue (2020) (US$ Million)
- Figure 21. Europe: AV Receiver Market Revenue Share, by Key Country (2020 and 2028)
- Figure 22. Germany: AV Receiver Market - Revenue Forecast to 2028 (US$ Million)
- Figure 23. France: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Italy: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 25. UK: AV Receiver Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Russia: AV Receiver Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 27. Rest of Europe: AV Receiver Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
Pricing
Currency Rates
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