Research Report on Microphones in the European Market

The demand for microphones surged in the last few years. Is there any business chance in the market? How to catch the chance? In this research, you’ll know:

• The microphone market demand in Europe
• Potential purchasing power of European
• China microphone export data
• Market mainstream products
• Growth drivers analysis

If you’re ready to seize the opportunity, let’s get started.

1. Macroeconomic Analysis of European Economy

2. Microphone Market Size

3. Microphone Market Trends in Europe

4. Top Ten European Countries Importing Microphones From China from 2017 to 2021

5. Worldwide Microphone Import Data

6. China Microphone Customs Export Data

7. Mainstream Microphones on the Market

8. Growth Drivers Analysis

In 1877, Emile Berliner patented the first microphone, a drum-like carbon-button microphone. Today, the microphone is fully implemented in our daily life.

When you record video, chat when gaming, and start online meetings, a microphone is a must. Microphones are so important to our lives, so how has the microphone developed in the present market? What about market capacity and market prospects? Is there any chance to start a business in the microphone market?

Let’s find out from this research report.

keywords: microphone market, market size, mainstream products, European economy, GDP per capita, microphone export data, microphone import data, growth analysis.

1. Macroeconomic Analysis of European Economy

(source: www.theglobaleconomy.com)

1. Affected by the subprime mortgage crisis in the United States in 2007, it triggered financial turmoil in many countries around the world, especially in Europe.
2. The European economy is in a period of steady recovery after the financial crisis.
3. The Eurozone economy grew by 1.8% from 2012-2018.
4. EU GDP growth at -6.2% at the end of 2020 due to COVID-19.

1. In 2021, EU GDP will increase by 5.2% over the previous year, with a specific value of $170.8 billion.
2. Post-COVID-19 Era, the EU economy resumes steady growth.
3. Moderately loose monetary policy has increased household savings deposits year after year.
4. The increase in people’s income promotes the continuous increase of residents’ consumption demand.
5. Promote the healthy development of the world economy.

2. Microphone Market Size

(source: www.globenewswire.com)

1. Enter “Microphone” Market Size or filetype:pdf “Microphone” Market Size in the Google search box,
2. The global wireless microphone market has been segmented into 2.4 GHz, 5 GHz, and 3.6 GHz. 2.4GHz held the largest market share in 2019. Enterprise wireless microphones held the largest market share in 2019.
3. The global microphone market is expected to grow from $2.6 billion in 2020 to $3.5 billion by 2025,
4. The compound annual growth rate between 2020 and 2025 is 7.9%.
5. The global wireless microphone market will reach USD 3.8 billion by 2028, growing at a CAGR of 8.15%.

3. Microphone Market Trends in Europe

(source: trends.google.com)

Statistics on the average search volume of the UK, Germany, Netherlands, and Hungary in 2020 and 2021.

It is shown that the search volume of the countries that mainly demand European microphones is:

UK 54.63 > Germany 48.48 > Hungary 48.19 > Netherlands 42.41 > Other

4. Top Ten European Countries Importing Microphones From China from 2017 to 2021

Import volume: UK > Germany > Netherlands > Hungary > Other countries

5. Worldwide Microphone Import Data

(source: https://www.volza.com)

1. There are 11,719 active HS Code 85181000 suppliers in the world.
2. 5216 of the 11,719 active HS Code 85181000 suppliers are from China.
3. HS Code 85181000 The number of Chinese suppliers accounts for 44.5% of the world’s suppliers.

6. China Microphone Customs Export Data

Calculation based on 2017-2021 customs export data:

1. In 2022, China’s microphone exports are expected to increase by 7.9%.
2. Exports will reach USD 1.226 billion.
3. The export volume is flat.
4. The unit price of the product will gradually increase by 7.25%.

7. Mainstream Microphone Sets on the Market

1. The common retail price of microphones on the market is between $39~$43.
2. Demand remains strong and maintains positive growth.
3. Business opportunities remain, you can check our microphone set.

8.Growth Drivers Analysis

1. Increased demand for microphones that transmit sound over long distances.
2. A surge in preference for premium sound reinforcement at public speaking events.
3. Increased use of wireless microphones in the entertainment industry.

Conclusion

Business chances still remain in the microphone market of Europe.

Most cost-effective microphones in China are the main supply source.

Wanna start your microphone market? Let me know your idea by leaving a comment below.