Press release
Loudspeakers And Sound Bars Market Set to Reach $37.07 Billion by 2029 with 3.9% Yearly Growth
What Is the Estimated Market Size and Growth Rate for the Loudspeakers And Sound Bars Market?
The market for loudspeakers and sound bars has seen significant expansion over recent years. The market size is poised to grow from $30.25 billion in 2024 to $31.77 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The historic period's growth can be traced back to factors such as the entertainment industry, home audio systems, automotive audio, consumer electronics, and the proliferation of wireless and Bluetooth technology.
A consistent increase in the market size for loudspeakers and sound bars is anticipated over the next few years. The market is predicted to reach a worth of $37.07 billion in 2029, projecting a compound annual growth rate (CAGR) of 3.9%. The predicted growth can be credited to factors such as the rise of smart home ecosystems, proliferation of high-resolution audio, expansion in gaming and esports, 5G technology implementation, and the prevalence of home offices and remote work. Key trends to look out for in the forecast period are voice control and AI integration, soundbars offering immersive audio, wireless multi-room audio setups, compact and mobile speakers, and the use of sustainable, eco-friendly materials.
What Are the Forces Behind the Rapid Growth of the Loudspeakers And Sound Bars Market?
The global surge in consumer expenditure on entertainment products has significantly propelled the growth of the loudspeakers market for the projected period. A growing preference for external sound systems for home entertainment is being noted among consumers. Alongside, an awareness regarding the value of sound quality is escalating, prompting them to invest more in sound systems. For instance, the Bureau of Labor Statistics, a US government agency, noted in February 2022, that consumer spending in the U.S. rose by 9.0% from the previous year, 2021. This, in turn, has stimulated the demand for various types of loudspeakers owing to increased consumption on entertainment and an improved cognizance toward sound quality thereby amplifying the growth of the loudspeakers market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=4008&type=smp
Who Are the Dominant Companies Influencing Loudspeakers And Sound Bars Market Trends?
Major companies operating in the loudspeakers and sound bars market include Bose Corporation, Harman International Industries Incorporated, Bowers & Wilkins (B&W), Klipsch Audio Technologies, Kent Engineering and Foundry (KEF), Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., Wharfedale, Cerwin-Vega Inc., Behringer, Peavey Electronics, Jamo, Dynaudio A/S, Sound United LLC, LG Electronics Inc. (Lucky Goldstar Electronics Inc.), Logitech International S.A., Panasonic Corporation, Audiovox Corporation, Boston Acoustics Inc., Bang & Olufsen A/S, James Bullough Lansing Professional, Definitive Technology, Sennheiser Electronic GmbH & Co. KG, Samsung Electronics Co. Ltd., Vizio Inc., Sonos Inc., Polk Audio, Philips Electronics N.V., Sharp Corporation, Pioneer Corporation, Onkyo Corporation, Denon Electronics (USA) LLC, Marantz America LLC, MartinLogan, GoldenEar Technology, SVS LLC, Focal-JMlab, ELAC Electroacustic GmbH, DALI A/S, Canton Elektronik GmbH, Q Acoustics, Monitor Audio Ltd.
How Is the Loudspeakers And Sound Bars Market Evolving?
The wireless audio equipment market is seeing unmistakable growth owing to the surge in popularity of mobile devices and evolving consumer media consumption habits. More often, consumers are employing mobile devices, such as tablets and laptops, to wirelessly stream audio on speakers. Given this trend, there is a parallel increase in the demand for Wi-Fi and Bluetooth-compatible speakers. To tap into this expanding market, companies including Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are bringing to market their own wireless audio products or platforms. Noteworthy Wi-Fi audio products encompass Sonos Wi-Fi speakers, Bose's SoundTouch system, and Amazon's Echo speakers.
What Are the Different Segmentations in the Loudspeakers And Sound Bars Market?
The loudspeakers and sound bars market covered in this report is segmented -
1) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted
2) By Applications: Communication, Automotive, Film and Television, Club/Bar
3) By End User: Household, Commercial, Others End User
Subsegments:
1) By Single Mounted: Wall-mounted, Standalone
2) By Multiple Mounted: Wall-mounted Arrays, Floor-mounted Setups
3) By Not Mounted: Portable Speakers, Floor-standing Speakers
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/loudspeakers-and-sound-bars-global-market-report
Which Region Is at the Forefront of the Loudspeakers And Sound Bars Market?
Asia-Pacific was the largest region in the loudspeakers and sound bars market in 2023. North America is the second-largest region in the loudspeakers and sound bars market. The regions covered in the loudspeakers and sound bars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Loudspeakers And Sound Bars Global Market Report?
- Market Size Analysis: Analyze the Loudspeakers And Sound Bars Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Loudspeakers And Sound Bars Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Loudspeakers And Sound Bars Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Loudspeakers And Sound Bars Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4008
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
The market for loudspeakers and sound bars has seen significant expansion over recent years. The market size is poised to grow from $30.25 billion in 2024 to $31.77 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The historic period's growth can be traced back to factors such as the entertainment industry, home audio systems, automotive audio, consumer electronics, and the proliferation of wireless and Bluetooth technology.
A consistent increase in the market size for loudspeakers and sound bars is anticipated over the next few years. The market is predicted to reach a worth of $37.07 billion in 2029, projecting a compound annual growth rate (CAGR) of 3.9%. The predicted growth can be credited to factors such as the rise of smart home ecosystems, proliferation of high-resolution audio, expansion in gaming and esports, 5G technology implementation, and the prevalence of home offices and remote work. Key trends to look out for in the forecast period are voice control and AI integration, soundbars offering immersive audio, wireless multi-room audio setups, compact and mobile speakers, and the use of sustainable, eco-friendly materials.
What Are the Forces Behind the Rapid Growth of the Loudspeakers And Sound Bars Market?
The global surge in consumer expenditure on entertainment products has significantly propelled the growth of the loudspeakers market for the projected period. A growing preference for external sound systems for home entertainment is being noted among consumers. Alongside, an awareness regarding the value of sound quality is escalating, prompting them to invest more in sound systems. For instance, the Bureau of Labor Statistics, a US government agency, noted in February 2022, that consumer spending in the U.S. rose by 9.0% from the previous year, 2021. This, in turn, has stimulated the demand for various types of loudspeakers owing to increased consumption on entertainment and an improved cognizance toward sound quality thereby amplifying the growth of the loudspeakers market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=4008&type=smp
Who Are the Dominant Companies Influencing Loudspeakers And Sound Bars Market Trends?
Major companies operating in the loudspeakers and sound bars market include Bose Corporation, Harman International Industries Incorporated, Bowers & Wilkins (B&W), Klipsch Audio Technologies, Kent Engineering and Foundry (KEF), Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., Wharfedale, Cerwin-Vega Inc., Behringer, Peavey Electronics, Jamo, Dynaudio A/S, Sound United LLC, LG Electronics Inc. (Lucky Goldstar Electronics Inc.), Logitech International S.A., Panasonic Corporation, Audiovox Corporation, Boston Acoustics Inc., Bang & Olufsen A/S, James Bullough Lansing Professional, Definitive Technology, Sennheiser Electronic GmbH & Co. KG, Samsung Electronics Co. Ltd., Vizio Inc., Sonos Inc., Polk Audio, Philips Electronics N.V., Sharp Corporation, Pioneer Corporation, Onkyo Corporation, Denon Electronics (USA) LLC, Marantz America LLC, MartinLogan, GoldenEar Technology, SVS LLC, Focal-JMlab, ELAC Electroacustic GmbH, DALI A/S, Canton Elektronik GmbH, Q Acoustics, Monitor Audio Ltd.
How Is the Loudspeakers And Sound Bars Market Evolving?
The wireless audio equipment market is seeing unmistakable growth owing to the surge in popularity of mobile devices and evolving consumer media consumption habits. More often, consumers are employing mobile devices, such as tablets and laptops, to wirelessly stream audio on speakers. Given this trend, there is a parallel increase in the demand for Wi-Fi and Bluetooth-compatible speakers. To tap into this expanding market, companies including Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are bringing to market their own wireless audio products or platforms. Noteworthy Wi-Fi audio products encompass Sonos Wi-Fi speakers, Bose's SoundTouch system, and Amazon's Echo speakers.
What Are the Different Segmentations in the Loudspeakers And Sound Bars Market?
The loudspeakers and sound bars market covered in this report is segmented -
1) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted
2) By Applications: Communication, Automotive, Film and Television, Club/Bar
3) By End User: Household, Commercial, Others End User
Subsegments:
1) By Single Mounted: Wall-mounted, Standalone
2) By Multiple Mounted: Wall-mounted Arrays, Floor-mounted Setups
3) By Not Mounted: Portable Speakers, Floor-standing Speakers
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/loudspeakers-and-sound-bars-global-market-report
Which Region Is at the Forefront of the Loudspeakers And Sound Bars Market?
Asia-Pacific was the largest region in the loudspeakers and sound bars market in 2023. North America is the second-largest region in the loudspeakers and sound bars market. The regions covered in the loudspeakers and sound bars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Loudspeakers And Sound Bars Global Market Report?
- Market Size Analysis: Analyze the Loudspeakers And Sound Bars Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Loudspeakers And Sound Bars Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Loudspeakers And Sound Bars Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Loudspeakers And Sound Bars Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4008
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
