Dublin, April 02, 2024 (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$8.5 Billion in the year 2023, is projected to reach a revised size of US$12.3 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030.
Soundbars, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$4.8 Billion by the end of the analysis period. Growth in the Satellite/Subwoofer Speakers segment is estimated at 4.5% CAGR for the next 8-year period.
The Loudspeakers market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Study Coverage
The analysis delves into the global market for audio equipment, specifically focusing on loudspeakers and related products across various geographic regions including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It evaluates annual sales figures in US$ thousand and percentage compound annual growth rates (CAGR) for loudspeakers, soundbars, satellite/subwoofer speakers, subwoofer speakers, outdoor speakers, in-wall speakers, and other product segments from 2014 to 2030.
The study encompasses recent past, current, and future perspectives, providing valuable insights into market trends and dynamics. Additionally, a 16-year perspective offers a breakdown of value sales percentages for select years within this period, aiding in understanding the evolving landscape of the audio equipment market.
Report Features
- Full access to influencer engagement stats
- Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Select Competitors (Total 306 Featured)
- Eaton Corporation PLC
- Intex Technologies (India) Ltd.
- HARMAN International Industries, Inc.
- Creative Technology Ltd.
- Corsair Components, Inc.
- Aluratek, Inc.
- Altec Lansing, Inc.
- B&W Group Ltd.
- Cerwin-Vega, Inc.
- FBT Elettronica S.p.A.
- Klipsch Group, Inc.
- ADJ Products LLC
- Bose Corp.
- DEI Holdings, Inc.
- Gradient Labs Ltd.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 520 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $8.5 Billion |
| Forecasted Market Value (USD) by 2030 | $12.3 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Loudspeakers: An Introduction
- Market Outlook
- Regional Market Analysis
- Digital Boom and Growth in Music Streaming Drives Demand for Wireless Speakers
- Increasing Consumer Preference for Music Streaming Drives Demand for Multi-Room Wireless Speakers for Streaming Music from Cloud Servers: Global Number of Music Streaming Subscribers (In Million) for the Years 2010, 2015, 2017, 2019, 2021 & 2023
- Rise in Home Entertainment Spending Drives Opportunities
- Global Number of SVoD Subscribers (In Million): 2015-2024
- Competition
- Recent Market Activity
- Loudspeakers - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Live Music Concerts and Events Drive Demand for High Quality Loud Speakers
- Global Live Music Concert Sales in US$ 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
- 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
- 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
- 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/79jsqa
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