$424.6m
$XX.Xm
769
41
$XX.Xm
The Headphone Manufacturing industry has grown considerably. Although competition from imports remains high, the industry has benefited from many technological developments sustaining demand for higher-quality domestic products, boosting exports. While foreign manufacturers win over price-sensitive consumers, domestic manufacturers can specialize in higher-end headphones, like Bluetooth-enabled and higher sound-quality headphones. In particular, rapid growth in the Bluetooth headphones product segment has benefited the industry, as many consumer electronics products offer wireless capabilities. Also, niche markets like gaming and luxury headphones have enabled certain companies to specialize in various headphones. Overall, industry-wide revenue has been increasing at a CAGR of 12.1% over the past five years, including an estimated 0.2% increase in the current year, and is expected to total $424.6 million in 2023. In the same year, profit is projected to increase to 9.4%.Headphones, similar to other consumer electronics, are categorized as discretionary goods, and therefore, demand is influenced by economic factors that impact income levels. Thus, industry revenue typically falls amid negative economic conditions. However, work-from-home policies and at-home schooling that resulted from COVID-19 in 2020 boosted domestic and international demand for headphones. Growth in per capita disposable income will accelerate over the coming five years, supporting purchases of discretionary goods, like headphones and other electronic accessories. Further, although imports will continue to satisfy most of the domestic demand, the growing popularity of e-commerce will grant manufacturers greater access to direct consumer markets. Similarly, an expected depreciation in the US dollar will facilitate growth in export revenue. So, IBISWorld anticipates the industry's revenue to increase at a CAGR of 1.5% over the next five years, reaching $457.1 million in 2028.
Industry revenue has grown at a CAGR of 12.1 % over the past five years, to reach an estimated $424.6m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Sennheiser Electronic Gmbh & Co. Kg | 25.3 | 0.8 | 3.2 | |
Creative Technology Ltd | 18.1 | 5.2 | 28.7 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Bluetooth in-ear headphones, Bluetooth over-ear headphones and Wired in-ear headphones. Bluetooth in-ear headphones is the largest segment of the Headphone Manufacturing in the US.
Wired in-ear and over-ear headphones are not going out of style
This industry includes manufacturers of headphones, earphones, earbuds and noise-canceling headphones in the United States. Headphones are connected to signal sources like audio amplifiers, radios, CD players, portable media players or cell phones.
Purchase this report to view all 2 major companies in this industry.
NAICS 33431 - Headphone Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has ballooned because of the rising demand for premium and Bluetooth wireless headphones. Pandemic conditions and a shift from sourcing overseas to domestic prod...
Learn about an industry's products and services, markets and trends in international trade.
Apple's removal of the headphone jack in iPhone 7 catalyzed a shift towards wireless headphones, influencing similar changes across the tech industry.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The industry is heavily concentrated in the West, specifically California; this is strategic because of the ease of international trade and proximity to large potential custom...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Headphone manufacturers compete for strong relationships within the industry's supply chain. A solid network of distributors and dealers is crucial in promoting and maximizin...
Learn about the performance of the top companies in the industry.
Sennheiser consistently innovates to provide its consumers with durable products. The launch of the IE 600 earphones exemplified this approach. Sennheiser used metal additive...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Headphone manufacturers face many regulations covering product safety, labeling and energy efficiency in the US and globally. They protect their technological advancements th...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The most significant expenses in the industry are wages and purchases. This industry relies on a blend of skilled labor and favorable input prices, like copper, which is cruc...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Headphone Manufacturing in the US industry in United States is $424.6m in 2024.
There are 41 businesses in the Headphone Manufacturing in the US industry in United States, which has grown at a CAGR of 7.9 % between 2019 and 2024.
The market size of the Headphone Manufacturing in the US industry in United States has been growing at a CAGR of 12.1 % between 2019 and 2024.
Over the next five years, the Headphone Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Headphone Manufacturing market in United States are Sennheiser Electronic Gmbh & Co. Kg and Creative Technology Ltd
In-ear headphone manufacturing and Over-ear headphone manufacturing are part of the Headphone Manufacturing in the US industry.
The company holding the most market share in United States is Sennheiser Electronic Gmbh & Co. Kg.
The level of competition is high and increasing in the Headphone Manufacturing in the US industry in United States.