Global Loudspeakers Strategic Business Report 2023: Rise in Live Music Concerts and Events Drive Demand for High Quality Loud Speakers

Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Loudspeakers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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.

Soundbars, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$4.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Satellite/Subwoofer Speakers segment is readjusted to a revised 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

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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2030.

Select Competitors (Total 306 Featured) -

• Altec Lansing, LLC
• Amaoto Industrial Co., Ltd.
• B&W Group Ltd.
• Bang & Olufsen
• Bose Corporation
• Boston Acoustics, Inc.
• Cambridge SoundWorks
• Creative Technology Ltd.
• DEI Holdings Inc.
• DEI Holdings Inc.
• Focus Audio, Inc.
• German Physiks
• Harbeth Audio Ltd.
• Harman International Industries, Inc.
• Jean-Marie Reynaud
• Klipsch Group, Inc.
• Nortek Inc.
• Polk Audio
• QLN AB
• Sammi Sound Tech Co Ltd.
• Sonance, Inc.
• Sonos. Inc.
• SpeakerCraft, Inc.
• Velodyne Acoustics, Inc.
• VOXX International Corporation
• Yamaha Corporation

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. 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: Global Number of Music Streaming Subscribers (In Million) for the Years 2010, 2015, 2017, 2019, 2021 & 2023
• 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 2022 (E)
• Loudspeakers Competitor Market Share Scenario Worldwide (in %): 2018 & 2025
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rise in Live Music Concerts and Events Drive Demand for high Quality Loud Speakers
• Global Live Music Concert Sales in US$ Billion: 2015-2025
• 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
• Global Internet User Penetration Rate (in %) for the Years 2014, 2016, 2018, 2020, 2022 and 2024
• Worldwide Mobile Data Traffic by Application (2009, 2017 & 2022): Percentage Breakdown of Monthly Data Traffic Volume for Video, Audio and Others
• 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
• Global Sales of Flat TVs (In Million Units) for the Years 2010, 2015 , 2020 & 2025
• 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: Use of Smartphones for Music Listening Presented as a % of Total Music Listeners in Select Countries Worldwide for the Year 2019
• Continued Strong Growth in Smartphone Sales Expands the Addressable Market Opportunity for Docking Speakers: Global Sales of Smartphones (In Million Units) by Region for the Years 2019, 2020, and 2021
• Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
• Rapid Growth in Urban Households
• World Urban Population in Millions: 1950-2050
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
• Growing Affluence of Middle Class Consumer Segment
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
• Rising Living Standards
• Advent of E-commerce Boosts Sales of Loudspeakers
• Penetration of e-Commerce in the US: e-Commerce Sales as % of Total Retail Sales for the Years 2010, 2012, 2014, 2016 and 2018
• 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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/htmjn4

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Attachment

• Global Market for Loudspeakers