The Landline Phones market will register a 2.8% CAGR in terms of revenue, the global market size will reach US$ 2899.3 million by 2026.
Landline Phones Market Overview
A landline phone is a phone that uses cables to connect to the public network. There are several advantages to using a landline phone, including unlimited local calling and improved sound clarity. It can't be hacked, either. Furthermore, rising demand for cordless landline phones is likely to boost market growth throughout the predicted period. Furthermore, technical advancements in the industry, such as touch screen alternatives, as well as increased demand in commercial applications, are expected to drive market expansion.
Increased investment by key manufacturers in sophisticated gadget launches is expected to boost industry sales. However, due to rapid change in the consumer technology industry, the market's growth is being hampered by the increasing acceptance of new goods using the latest technologies, such as mobile phones. Cordless telephone technology is very mature now, and new enterprises can't surpass existing famous brands on reputation or design in the short term. Substitutes (especially smart phones) have forced this industry into recession period. So, the study group recommends the new entrants need to be considered carefully before enter into this field.
The report also assesses the key opportunities in the Landline Phones market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Landline Phones Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
What are the major Applications, Types and Regions for Landline Phones Market?
Landline Phones Market is segmented based on the type, applications, companies and regions.
By Type, Landline Phones Market has been segmented into
- Cordless Telephones
- Corded Telephones
By Application, Landline Phones Market has been segmented into
- Household Use
- Commercial Use
Landline Phones Market Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Landline Phones Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Asia Pacific accounted for the maximum revenue share of over 40% in 2020 on account of the presence of the target population. Furthermore, rising consumer disposable income levels and an increasing number of working people are driving product demand, boosting regional market growth. Europe is predicted to have the quickest CAGR of 4.1% from 2021 to 2028 due to rising product demand in the region. During the projected period, the market is expected to rise due to rising demand for smart phones for commercial purposes. In the United Kingdom and Germany, a high concentration of working people combined with increased disposable income levels is predicted to fuel regional market growth.
Landline Phones Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Landline Phones Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
What is our Landline Phones Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 2.8% over the forecast period (2022-2027)
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By Type
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- Cordless Telephones
- Corded Telephones
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By Application
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- Household Use
- Commercial Use
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By Companies
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VTech, Panasonic, Cisco, Avaya, Philips, Gigaset, Polycom, Mitel, Alcatel-Lucent, Yealink, Motorola, TCL, AT&T
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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116
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Landline Phones Report
- Evaluate Landline Phones market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Landline Phones market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Landline Phones Market?
The Landline Phones Market is growing at a CAGR of 2.8% over the next 5 years.
Who are the key players in Landline Phones Market?
VTech, Panasonic, Cisco, Avaya, Philips, Gigaset, Polycom, Mitel, Alcatel-Lucent, Yealink, Motorola, TCL, AT&T
What are the significant types of Landline Phones Market?
Cordless Telephones, Corded Telephones
What are the major end-use applications of Landline Phones Market?
Household Use, Commercial Use
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.