Research and Markets (http://www.researchandmarkets.com/research/5f3psh/global_boom_box) has announced the addition of the "Global Boom Box Market 2015-2019" report to their offering.
The Global Boom Box market to grow at a CAGR of 4.7% over the period 2014-2019
Boom box is an audio equipment and is used to play music at a high volume with superior sound quality. In its simplest form, it comprises loudspeakers and cassette and/or CD player along with a USB port. Designed for portability, this device could be powered by both line current and batteries. Boom box is gradually getting back its prominence in the Audio Equipment industry due to the better compatibility and portability.
One major trend emerging in the market is the change in lifestyles and preferences, primarily in developing economies. Urbanization has encouraged consumers to spend on various home entertainment gadgets. Consumers look at entertainment systems to support their recreational activities and buy equipment for entertainment at home and outdoors.
According to the report, one of the key factors driving market growth is the need for enhanced maneuvering of the stereo system by consumers. Unlike with boomboxes, consumers have limited functionality options while listening to music on devices such as iPods and MP3 players.
Further, the report states that one major challenge that the market faces is the drastic reduction in music sharing among people. Changing consumer trends such as listening to music through headphones have negatively affected the demand for boomboxes in the market.
Key Vendors
- JVC Kenwood
- Logitech International
- Panasonic
- Sharp
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Other Prominent Vendors
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/5f3psh/global_boom_box