Headphones Shipments Achieve $5.9 Billion Revenues in 1Q19

Headphones Shipments Achieve $5.9 Billion Revenues in 1Q19

Foto: Dražen Tomić - Tomich Productions

Consumer appetite for premium headphones continues to grow, with global revenues rising five times faster than shipments in Q1 2019, according to Futuresource Consulting.

“Our Q1 data reveals headphones shipments expanded by nearly 9% year-on-year,” says Adriana Blanco, Senior Market Analyst at Futuresource Consulting. “That’s a success in itself, but the performance was eclipsed by revenue growth of more than 43%, achieving global revenues of $5.9 billion for the quarter.”

True wireless maintained its ascendance, outperforming all other form factors with growth of 223% in units and 188% in value. This has applied upward pressure to the overall in-ear category, resulting in a year-on-year increase of nearly 12% in units and more than 61% in revenue, offsetting the unit decline of other in-ear options.

“The on-ear and over-ear segments both only experienced very slight volume increases year-on-year,” says Blanco, “but the premium end of the over-ear category helped grow the over-ear average price to another high of $126. That’s a year-on-year increase of nearly one third, largely due to the addition of wireless and noise cancelling features. Sony’s WH-1000XM3 and Bose’s QC 35 II are still the best sellers in this segment.”

Wireless headphones grew 40% year-on-year, accounting for 57% of total shipments and 85% of total revenue. Sport headphones accounted for 14% of total headphones, with those priced over $200 showing the strongest growth.

In volume terms, Sony remained the market leader, followed by Apple and JBL. However, for market value, Apple leads the way, followed by Sony and Beats, with the three brands combined accounting for close to 50% of total market revenues.

Looking to country performance, the Netherlands exhibited most growth, at 46% year-on-year. However, China’s 43% growth is much more significant due to its larger volume, which allowed it to progress into the worldwide top five. Strong performances from domestic brands such as Huawei and Xiaomi helped to increase the volume levels.

More from category

Spending on CX Technologies Will Reach $641 Billion in 2022

Spending on CX Technologies Will Reach $641 Billion in 2022

19 Sep 2019 comment

Worldwide spending on customer experience technologies will total $508 billion in 2019, an increase of 7.9% over 2018, according to IDC.

Global Device Shipments Will Decline 3 Percent in 2019

Global Device Shipments Will Decline 3 Percent in 2019

18 Sep 2019 comment

Worldwide shipments of devices, PCs, tablets and mobile phones, will total 2.2 billion units in 2019, a decline of 3.3% year over year, according to Gartner.

Is e-Commerce Facing its Limits?

Is e-Commerce Facing its Limits?

17 Sep 2019 comment

The rise of e-commerce to an €80 billion business in the first half of 2019 (excluding North America) created the need for 24/7 retailing, according to GfK.