Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 08 2019

Audio equipment maker JBL eyes 200% growth in India this year

In August 2018, JBL entered the e-commerce sector by introducing its online store.

Audio equipment maker JBL eyes 200% growth in India this year

Audio equipment maker JBL by HARMAN, owned by South Korean tech major Samsung Electronics, is eyeing at expanding its footprint in the Indian audio market, which is forecast to grow more than 15% in 2019.

In August 2018, JBL entered the e-commerce sector by introducing its online store. Its online brand store sells the entire range of consumer products, from headphones and Bluetooth speakers to home and multimedia solutions.

JBL is now working towards expanding its retail presence.

Sumit Chauhan, Vice President, Lifestyle Audio Division at HARMAN India, said, "We will double up on our revenue and will grow by 200 per cent this year in India."

"You will see that the audio segment in the category that we deal in, headphones, smart audio and connected homes, is slated to grow somewhere around 12-14 per cent. In India, the market is slightly better, growing at 16 per cent against the global forecast," he added.

The company is further working towards entering the smaller towns.

Chauhan further stated, "There is positive expansion happening in tier III and IV cities. Whether you take data from online players like Amazon and Flipkart, or from offline players like Croma and Reliance, both will tell you that much of their growth in 2019-20 is expected to come from Tier III and Tier IV cities."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Pollution Control & Monitoring Equipments
    About Us: Hitech Enviro Engineers & Consultants Pvt. Ltd. provides complete..
    Locations looking for expansion Uttar pradesh
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10000 - 50000
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Dadri Uttar pradesh
  • Fine Dine Restaurants
    Nathu Sweets is India's leading manufacturers retailers and exporters of Sweets ..
    Locations looking for expansion Haryana
    Establishment year 1950
    Franchising Launch Date 1998
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Opticians/Eye Wear
    Cleardekho.com is India’s leading budget eyewear brand. Founded by two..
    Locations looking for expansion Uttar pradesh
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ghaziabad Uttar pradesh
  • Casual Dine Restaurants
    Smoke Barbeque was established in Kodambakkam, Chennai. Smoke Barbeque name..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities