How large (or small) is the audiophile market?


Just curious, how big is the total market for audiophile hardware?  There seem to be a lot of manufactures vying for a a small pool of potential buyers.  I've read in places that as boomers age the market is shrinking.  I don't know very many young people, but none that i do know are into it.  Anyone have any idea what the total market size is?

jtucker

Showing 5 responses by gano

for speakers, about 1.5-2 billion a year. The AI answer is confusing and wrong. 

Very vague guess: if the average spending on speakers is around $1500 then it's a million people a year. Given that a 100 million cars are sold a year, it sounds reasonable. It's a small market but far from dead.

I am interested in the number of audiophile consumers

that's what I wrote, if everyone buys a new speaker every 10 years, maybe 10 million people +-30%

@lanx0003 I don’t blame AI "personally". AI reads what’s out there and summarizes it, but can’t properly recognize groups and concepts. Are the sources useless? Well, I looked at them and they seem to be, for the most part. 

AI put out categories in a list such as Home High End Audio and Premium Audio as two distinct categories and it did the same with headphones.
These are interchangeable and overlapping terms used by two independent sources but also apples and oranges as one also includes car audio? Once it can’t figure out what "audiophile" is, it totally goes off the rails with numbers about 10 times of the actual size of the market. It pulls data from an article that lists 

Panasonic (Japan)
Soni (Japan)
Clarion (Japan)
KEF (U.K.)
Volkswagen (Germany)
Rockford (U.S.)
Acura (U.S.)
Bowers & Wilkins (U.K.)
Pioneer (Japan)
Bose (U.S.)
Dynaudio International (Denmark)

as premium audio. Only 3 of the 11 companies have any relationship with audiophile stuff. Totally misleading. I could go and on on what’s wrong with the AI answer. The audiophile market is defined by what audiophiles consider what it is. An obvious joke is Bose, it’s huge but it’s not audiophile, so let’s not add their revenue to the sum. 

Again, AI can read but it can’t judge. Yet.

I should add that the businessresearchinsights seems to have been written by AI. It is, every single word - a useless word salad. I feel stupider after reading it. 

@mahgister you accomplish the impossible. You are successfully uniting people who are otherwise in fierce disagreement about pretty much everything in life. But we all/mostly all agree that you are ruining these conversations by constantly berating people. And I am leaving out the nonsense part.

I appreciate it @mahgister 

@devinplombier I am very respectful to others. For instance I don't have anyone's comments removed. But respect is only afforded until someone attacks me or spreads lies knowingly. Any conversation here is moot now as most of my comments are removed because the truth inconveniences "some". This has become a forum for the bullies to ridicule people and silence them. 

It very much reflects the world out there (in the US) where one side spreads lies and limits any free speech they don't like and the other side has to shut up.