Global Headphone Market Overview
In value terms, headphone production stood at $ in 2018 estimated in export prices. Over the period under review, headphone production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of % year-to-year. In that year, global headphone production reached its peak level of $, and then declined slightly in the following year.
The country with the largest volume of headphone production was China ( units), accounting for % of total volume. Moreover, headphone production in China exceeded the figures recorded by the second-largest producer, Indonesia ( units), more than tenfold. The third position in this ranking was occupied by Mexico ( units), with a % share.
In China, headphone production plunged by an average annual rate of -% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Indonesia (+% per year) and Mexico (+% per year).
The global headphone market revenue amounted to $ in 2018, jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, headphone consumption, however, continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Over the period under review, the global headphone market hit record highs at $ in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.
From 2007 to 2018, the most notable rate of growth in terms of headphone consumption, amongst the main consuming countries, was attained by India, while headphone consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest headphone markets worldwide were China ($), the U.S. ($) and China, Hong Kong SAR ($), with a combined % share of the global market. Mexico, France, Indonesia, India, South Korea, Russia and Brazil lagged somewhat behind, together accounting for a further %.
India experienced the highest growth rate of market size, in terms of the main consuming countries over the period under review, while headphone market for the other global leaders experienced more modest paces of growth.
In 2018, the highest levels of headphone per capita consumption was registered in China, Hong Kong SAR ( units per person), followed by the U.S. ( units per person), France ( units per person) and South Korea ( units per person), while the world average per capita consumption of headphone was estimated at units per person.
In China, Hong Kong SAR, headphone per capita consumption expanded at an average annual rate of +% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the U.S. (-% per year) and France (-% per year).