Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The "Loudspeakers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Loudspeakers Market to Reach $12.3 Billion by 2030
The global market for Loudspeakers estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$12.3 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.
The report provides a comprehensive analysis of the global loudspeakers market, offering insights into recent, current, and future sales trends. The analysis includes annual sales data from 2014 to 2030, historical sales figures from 2014 to 2021, and a 16-year perspective on sales trends. This data helps to understand the market's performance over time and its potential growth in the coming years.
Soundbars, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$4.8 Billion by the end of the analysis period. Growth in the Satellite/Subwoofer Speakers segment is estimated at 5.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 6.9% CAGR
It covers various types of loudspeakers, including soundbars, satellite/subwoofer speakers, subwoofer speakers, outdoor speakers, in-wall speakers, and other product segments, across different geographic regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The Loudspeakers market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 520 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $8 Billion |
| Forecasted Market Value (USD) by 2030 | $12.3 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Loudspeakers: An Introduction
- Market Outlook
- Regional Market Analysis
- Digital Boom and Growth in Music Streaming Drives Demand for Wireless Speakers
- Increasing Consumer Preference for Music Streaming Drives Demand for Multi-Room Wireless Speakers for Streaming Music from Cloud Servers
- Rise in Home Entertainment Spending Drives Opportunities
- Global Number of SVoD Subscribers (In Million): 2015-2024
- Competition
- Loudspeakers Competitor Market Share Scenario Worldwide (in %): 2019
- Soundbars (Product Segment) Global Competitor Market Share Positioning for 2019
- Recent Market Activity
- Loudspeakers - Global Key Competitors Percentage Market Share in 2023 (E)
- Loudspeakers Competitor Market Share Scenario Worldwide (in %): 2018 & 2025
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Impact of Covid-19 and a Looming Global Recession
MARKET TRENDS & DRIVERS
- Rise in Live Music Concerts and Events Drive Demand for high Quality Loud Speakers
- Increasing Use of High-Quality Surround Sound Systems in Movie Theaters
- Growing Population of Music Listeners & Rise of Mass-Market Audiophiles Augments Business Prospects
- Wider Availability of High-Speed Internet Amplifies Music Listener Numbers
- Connectivity: A Critical Feature for Modern Speakers
- Technology Advancements Drive Significant Improvements in Speaker Systems
- Consistent Advancements in Components Helps Improve Sound Systems
- Researchers Develop Nanoscale Skin-Attachable Loudspeakers & Microphones for Audio Output
- AI-enabled Speakers and Use of Digital Assistants in Speaker Systems Continue to Grow in Popularity
- Development of Micro & Small Speakers and Innovative Designs to Produce High Sound from Tiny Devices
- Focus on High Quality Music and MQA Technology Drives Demand for Quality Systems
- Sleek, Unobtrusive, Visually Appealing Designs Gain Traction
- Omnidirectional Speakers Grow in Prominence
- Growing Focus on Environmental Stewardship Among Consumers Drives Interest in Eco-Friendly Green Speakers
- HVT Technology Gains Attention
- Despite the Advent of Smaller and Lighter Speakers, Bulkier and Larger Speakers Benefit from Better Performance Capabilities
- Satellite/Subwoofer Speakers: A Key Beneficiary of At-Home Entertainment
- Growing Popularity of Assembled Speakers Drives Demand for Standalone Subwoofers
- In-Wall Speakers Gain Consumer Interest
- Rise in Outdoor Living Trend Augurs Well for Outdoor Speakers
- Soundbars: A Growing Threat to Traditional Loudspeakers
- New Soundbars Set to Redefine User Listening Experience
- Rise in Penetration of Thin, Flat Panel TVs Fuels Demand for Soundbars
- Increased Preference for Media Consumption on Smartphone Devices Drive Demand for Docking Speakers
- Growing Use of Smartphones for Music Listening to Benefit Demand for Docking Speakers
- Continued Strong Growth in Smartphone Sales Expands the Addressable Market Opportunity for Docking Speakers
- Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
- Rapid Growth in Urban Households
- Growing Affluence of Middle Class Consumer Segment
- Rising Living Standards
- Advent of E-commerce Boosts Sales of Loudspeakers
- Resolving Prevailing Issues: Critical for Future Success of the Market
- Counterfeit Products
- Prevalence of Unorganized Players
- Declining Margins
- Established Role of Headphones: Major Market Deterrent
- PRODUCT OVERVIEW
- Loudspeaker: A Technical Exposition
- Loudspeakers: A Technical Preview
- A Peek Into Technology Lifecycle of Loudspeakers
- Types of Loudspeakers
FOCUS ON SELECT PLAYERS (Total 306 Featured)
- Altec Lansing, LLC (USA)
- Bowers & Wilkins Group Limited (UK)
- Bose Corporation (USA)
- Boston Acoustics, Inc. (USA)
- Cambridge SoundWorks (USA)
- Creative Technology, Inc. (USA)
- Definitive Technology (USA)
- DEI Holdings, Inc. (USA)
- Sound United (USA)
- Polk Audio (USA)
- Harman International Industries, Inc. (USA)
- Bang & Olufsen (Denmark)
- KLH Audio (USA)
- LG Electronics, Inc. (South Korea)
- Panasonic Corporation (Japan)
- Philips North America Corporation (USA)
- SpeakerCraft (USA)
- Sonance (USA)
- Sonos Inc., (USA)
- Sony Corporation (Japan)
- VIZIO Inc. (USA)
- VOXX International Corporation (USA)
- Klipsch Group, Inc. (USA)
- Yamaha Corporation (Japan)
For more information about this report visit https://www.researchandmarkets.com/r/rj83oo
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