Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global True Wireless Stereo Earbuds Market size is expected to reach $243.9 billion by 2028, rising at a market growth of 34.6% CAGR during the forecast period.
The Below USD 100 segment is showcasing a CAGR of 35.3% during (2022 - 2028). It is because many companies, including Xiaomi, Baseus, boAt, Noise, and PTron, have introduced products in the sub-US$100 price range. Because of this, sales of expensive goods have decreased, which has caused a dip in the average selling prices of TWS earbuds globally in 2020.
The Offline segment acquired maximum revenue share in the Global True Wireless Stereo Earbuds Market by Sales Channel in 2021 thereby, achieving a market value of $167.3 billion by 2028. It is due to the rising number of offline stores across the world. In addition, many consumers prefer offline shopping of electronic items due to warranty and quality issues.
The North America market dominated the Global True Wireless Stereo Earbuds Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $83.7 billion by 2028.The Europe market is exhibiting a CAGR of 33.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 35.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Amazon.com, Inc., Xiaomi Corporation, Sony Corporation, Boat-Lifestyle (Imagine Marketing Private Limited), Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.) (Huawei Device Co. Ltd.), Shure, Inc., Sennheiser Electronic GmbH & Co. KG, and Bose Corporation.
By Price Band
By Sales Channel
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