Residential Segment to Dominate Europe AV Receiver Market during 2020–2028      

According to a new market research study on “Europe AV Receiver Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Channel and Application” is expected to reach US$ 745.44 million by 2028 from 585.05 US$ million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the Europe AV receiver market along with the drivers and restraints pertaining to the market growth. Surge in strategic developments and investments by major players is the major factor driving the growth of the Europe AV receiver market. However, issues associated with limited adoption of AV receivers hinders the growth of Europe AV receiver market.

Europe AV receiver market is segmented into channel and application, and country. Based on channel, the global AV receiver market is sub-segmented into channel 5, channel 7, channel 9, and others. The Channel 7 segment accounted for the highest share in the Europe AV receiver market in 2020. Based on application, the AV receiver market is segmented into residential and commercial. The residential segment accounted for the highest share the Europe AV receiver market in 2020. Based on country, the Europe AV receiver market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020.

The overall European economy was severely impacted by various limitations and restrictions owing to the onset of the pandemic. The European automotive industry was severely hit and experienced a decline of more than 20 percent in overall automotive production due to severe supply chain disruption caused by imposed lockdowns, thereby lowing the demand for AV receiver. The residential segment however experienced a rise in demand in European countries. But the demand could not be fulfilled owing to e-commerce operation, and retail outlet closures. These factors negatively impacted the growth of the market. COVID-19 has compelled manufacturers to streamline their production processes to tackle unexpected disruption and resolve uncertain challenges like physical distancing. Considering increasing vaccination drives, demand for AV receiver is recovering from the Q3 of 2020 with companies investing in making operations more efficient and productive.

Arcam, LG Electronics, Marantz, NAD Electronics, Onkyo Corporation, Pyle Audio, Sony Corporation, and Yamaha Corporation are among the leading companies in the Europe AV receiver market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ARCAM introduced the AVR5, bringing the Cambridge company's exceptional AVR performance to a new, lower pricing point. The AVR5 joins the HDA lineup as the entry-level receiver, joining its siblings Class AB AV receivers, the AVR10 and AVR20, as well as the range-topping G Class AVR30.  

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