According to the research report titled ‘Europe Home Audio Equipment Market Forecast 2027 By Technology, By Distribution Channel, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Europe home audio equipment market is expected to amass USD 10 billion during 2021-2027.

Proliferation of breakthrough technologies like Internet of Things (IoT) in multiple devices which enables seamless experience for users without any physical intervention like utilizing voice assistant functions is one of the most prominent variables contributing to Europe home audio equipment market expansion.

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During the COVID-19 pandemic, the social distancing norms to contain the spread of the virus led to a lot of favorability towards online shopping which resulted in a worldwide surge in demand for e-commerce services. 

With many corporations eager to build a digital presence, especially in the television sector which was the primary source of entrainment during the lockdown, the rise in TV viewership created profitable opportunities for businesses in this line of work. 

In terms of technology type, the wireless segment is estimated to record substantial growth during the forecast period, owing to ideality for internet connectivity as well as audio-video streaming, easy installation with longer battery life, and convenience of switching between various devices without losing connection. Moreover, the complete elimination of hassles caused by long cables along with little-to-no wear & tear of connecting outlets is furthering segmental share.

Meanwhile, wired home theatre-in-a-box technology vertical of Europe home audio equipment industry is anticipated to anchor lucrative development through 2027, attributable to its smooth interaction with televisions to provide crystal clear sound effects, its connection with online streaming platforms prompting an enriched overall experience for the viewers, and customizable options with concise specifications like weight, dimensions, etc. allowing users to make a calculated purchase.  

Based on distribution channel, the online segment is slated to account for a notable revenue share during the assessment timeframe, owing to the choice to pick from a variety of alternatives, substantial discounts, and easy availability of return or exchange services.

The established names amplifying the competitive hierarchy of Europe home audio equipment market include LG Electronics, Inc., Sony Corporation, JVCKenwood Corporation, Voxx International Corporation, Google LLC, Bose Corporation, Panasonic Corporation, Amazon.com, Inc., Apple, Inc., Samsung Electronics Co., Ltd., and Vizio, Inc. among others.