According to the recent study the stand-alone radio receivers market is projected to reach an estimated $XX billion by 2027 from $XX billion in 2022, at a CAGR of 1% to 3% from 2022 to 2027. Growth in this market is primarily driven by rising development in technologies to furnish consumer demands, growing consumer spending and disposable income, and growing middle-class population in developing nations.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in stand-alone radio receivers market by distribution channel (offline and online) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Offline market is expected to remain the largest segment during the forecast period.”
Based on distribution channel, the stand-alone radio receivers market is segmented into offline and online. Lucintel forecasts that the offline market is expected to remain the largest segment due to hypermarkets, conventional stores, specialty stores, supermarkets, independent retail stores, etc, it offers a choice of physical confirmation as well as a trial facility for products to the customer, and the mounting organized retail sector in developing economies such as China, Malaysia, and Japan is anticipated to augment the demand for stand-alone radio receiver products in the coming years.
“Asia pacific will dominate the stand-alone radio receivers market in near future”
APAC will remain the fastest growing region due to the growing demand for stand-alone radio receiver products, the increasing population and rising disposable income in this region, and the growing demand for energy-efficient radio receiver products.
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Major players of stand-alone radio receivers market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sony, Panasonic, Philips, Bose, Roberts Radio, Tivoli Audio, and Ruark Audio are among the major stand-alone radio receivers providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/stand-alone-radio-receivers-market.aspx or [email protected]