HIFILORD 1A
A breath of fresh sound
€100,000
total amount raised in round
- Eligible for a tax reduction
This campaign has been closed
European Market
Europe home high end audio system industry is set to witness a CAGR of 11.5% during the assessment period. There is a growing appreciation for high-quality audio among consumers in Europe.
As people spend more time at home, they want to invest in entertainment systems that offer the best possible audio experience. Quality of audio equipment has improved significantly over the years, making high-end audio systems more accessible and attractive to consumers.
With the rise of music streaming services, people can now access millions of songs from the comfort of their own homes. High-end audio systems make it possible to enjoy this music in the best quality possible, without having to leave the house.
High-end audio systems can be expensive, but they are often seen as a good investment in Europe. They hold their value well and can be sold for a good price if they are well-maintained.
Top Europe Home High End Audio System Market Trends Listed by Future Market Insights.
- Demand for full aural immersion has been pushed by the fast-growing video game and film industries, the enjoyment of which requires incorporation of advanced audio systems.
- Emerging technologies such as Barco Auro, DTS Neo, and Dolby Atmos can deliver spherical audio for acoustic situations including movie theaters, which is pushing growth in this market.
- High-end audio systems are intended to provide a standard for home audio equipment that focuses on the object-oriented sound field through introduction of 3D audio technology into homes.
- Home audio systems are increasingly crossing the threshold of mere sound quality, and highlighting the importance of design and aesthetics.
- High-end audio systems are also being used as stylish additions to numerous homes, adding to the overall ambiance and décor.
- With the rise of music streaming services such as Spotify and Tidal, consumers are increasingly interested in audio equipment that can deliver high-quality sound.
- High-end audio systems are becoming more widely available and accessible, both in physical stores and online across Europe.
How Big is the market in Europe?
This market is valued at US$ 3,541.7 million in 2023.
Which is the Key Segment by Sales Channel?
The online channels are likely to remain preferred through 2033.
How Big will be the Market by 2033?
The market is estimated to reach US$ 10,656.2 million by 2033.
HIFILORD offers products in all 3 home audio markets
- Home Theater Systems
- Wireless Audio Systems
- Premium Home High End Audio Sytems
The audio trend in Belgium
Around the world, the popularity of digital audio has increased phenomenally over the past two years. Two trends clearly emerge: digital audio such as streaming - podcasts and smart speakers are increasing in popularity. According to CIM audio time 2023: Belgians listen to 295 minutes of audio every day. Data collected through 4.092 online surveys from October 2022 (left) to December 2022 (right) by CIM Audio.
How will HIFILORD enter the market?
HIFLORD focuses with a renewed market approach and three different segments to serve all target audiences with an accessible lifestyle segment, classic stereo components and professional solutions. All products can be either purchased online, offline or applied via external experts such as design studios and interior architects.
I. LIFESTYLE AUDIO
Discover the wonderful world of audio. Lifestyle audio is a "one-stop shop" for portable and elegant audio products. A wide range of high-quality earphones, soundbars, compact speakers and audio accessories are offered here for the best listening experience in combination with an elegant and compact design.
II. CLASSIC STEREO
HIFILORD also offers classic hi-fi audio equipment to create the most spectacular music experience in your living room. From speakers, amplifiers to headphones. We only offer equipment from recognized top brands in the industry, so that consumers are assured of the best possible sound experience. With Classic Stereo, HIFILORD wants to immerse the customer in a world of ultra-realistic sound that guarantees goosebumps while listening.
III. PROFESSIONAL SOLUTIONS
HIFILORD also integrates elegant and reliable products into commercial locations to give customers and teams the best possible sound experience they deserve. Would you like to view a finished complete project delivered by HIFILORD? Which can! High-end cocktail bar 'Sinseven' located on the trendy Eilandje in Antwerp has opted for a professional solution from HIFILORD.
