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Global Loudspeaker Market Size, Share, Trends, Forecast: By Product Type: Satellite, Subwoofers, In-wall, Outdoor, Soundbar, Multimedia; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Loudspeaker Market Outlook
The global loudspeaker market stood at a value of around USD 7.78 billion in 2023. The market is further expected to grow at a CAGR of 4.6% in the forecast period of 2024-2032 to attain a value of around USD 11.65 billion by 2032.
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Growing Demand for Soundbars, owing to the Convenience Offered by the Product, to Bolster the Growth of the Loudspeaker Industry
Based on product type, the soundbar segment accounts for a significant share in the market. The increase in sales of soundbars can be attributed to the enhanced convenience offered by the product as soundbars are free from wires and can be easily connected to television sets. The sound produced by soundbars are much better than that produced by television systems. The product is relatively small and can be positioned under a display and can be set up anywhere in the house. Over the forecast period, the growing awareness about the cost-effectiveness of a soundbar is likely to be a significant factor driving the market. The soundbar speakers are usually less expensive than other stereo sound systems. Meanwhile, the subwoofers segment is anticipated to attain a considerable growth in the forecast period. The better bass response and greater sound clarity of subwoofers and their growing adoption in soundbars for a better music experience in house parties and gaming are some of the factors that are likely to augment the growth of the subwoofers segment.
The Asia Pacific Accounts for a Significant Share in the Loudspeaker Industry Globally
Geographically, the Asia Pacific holds a significant share in the global loudspeaker industry. The growing popularity of smart speakers, along with the development of digital assistants, is aiding the industry growth in the region. The emerging countries like India and China are likely to witness a significant increase in loudspeaker sales due to the rising consumer disposable incomes and increased acceptance of technology in the region. In addition, the growing penetration of the e-commerce industry is likely to further propel the market forward.
Loudspeaker: Market Segmentation
A loudspeaker is defined as a device that reproduces sound by converting electrical energy into acoustical signals, which are further radiated in a room or open space. The range of frequency generated by loudspeakers is roughly 20 to 20,000 hertz.
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Based on product type, the market is divided into:
- Satellite
- Subwoofers
- In-wall
- Outdoor
- Soundbar
- Multimedia
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increased Consumer Spending on Improving Listening and Cinematic Experience at Home by Adopting Smart Technology to Boost the Loudspeaker Industry Growth
The global loudspeaker industry is driven by the increasing popularity of the product among consumers to enhance their listening and cinematic experience at home. Loudspeakers such as soundbars not only improve the overall listening experience of users but also enhance home aesthetics due to their sleek and elegant design. Various manufacturers are working on enhancing the quality and design of the product, which, in turn, is expected to augment the market growth. Apart from this, the development of smart soundbars with improved acoustic performance, real-time tuning, built-in voice assistants, and rich bass for movies, music, and games, among others, is anticipated to propel the sales of the product in the forecast period, thus, aiding the market.
Key Industry Players in the Global Loudspeaker Market
The report gives a detailed analysis of the following key players in the global loudspeaker market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Altec Lansing LLC
- Bose Corporation
- Sound United, LLC
- Dynaudio A/S
- Harman International Industries, Inc.
- Logitech International S.A.
- Klipsch Group, Inc.
- Sony Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Region |
| Breakup by Product Type | Satellite, Subwoofers, In-wall, Outdoor, Soundbar, Multimedia |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Altec Lansing LLC, Bose Corporation, Sound United, LLC, Dynaudio A/S, Harman International Industries, Inc., Logitech International S.A., Klipsch Group, Inc., Sony Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Loudspeaker Market Analysis
8.1 Key Industry Highlights
8.2 Global Loudspeaker Historical Market (2018-2023)
8.3 Global Loudspeaker Market Forecast (2024-2032)
8.4 Global Loudspeaker Market by Product Type
8.4.1 Satellite
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Subwoofers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 In-wall
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Outdoor
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Soundbar
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Multimedia
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Loudspeaker Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Loudspeaker Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Loudspeaker Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Loudspeaker Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Loudspeaker Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Loudspeaker Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Altec Lansing LLC
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Bose Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Sound United, LLC
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Dynaudio A/S
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Harman International Industries, Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Logitech International S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Klipsch Group, Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Sony Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Loudspeaker Market: Key Industry Highlights, 2018 and 2032
2. Global Loudspeaker Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Loudspeaker Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Loudspeaker Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Loudspeaker Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Loudspeaker Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Loudspeaker Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Loudspeaker Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Loudspeaker Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Loudspeaker Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Importing Countries by Volume (2020)
17. Major Exporting Countries by Volume (2020)
18. Major Importing Countries by Value (2020)
19. Major Exporting Countries by Value (2020)
20. Global Loudspeaker Market Structure
Key Questions Answered in the Report
In 2023, the global loudspeaker market attained a value of nearly USD 7.78 billion.
The market is estimated to witness a healthy growth at a CAGR of 4.6% in the forecast period of 2024-2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The growing awareness about the cost-effectiveness of a soundbar, growing popularity of smart speakers, increase in loudspeaker sales, growing penetration of the e-commerce industry, rising consumer disposable incomes and increased acceptance of technology are the major growth drivers of the market.
The key market trends guiding the growth of the industry include the increasing popularity of the product among consumers and the development of smart soundbars with improved acoustic performance, real-time tuning, and built-in voice assistants.
Satellite, subwoofers, in-wall, outdoor, soundbar, and multimedia are the major product types.
The major players in the industry are Altec Lansing LLC, Bose Corporation, Sound United, LLC, Dynaudio A/S, Harman International Industries, Inc., Logitech International S.A., Klipsch Group, Inc., and Sony Corporation, among others.
Analyst Review
The global loudspeaker market attained a value of USD 7.78 billion in 2023, driven by the increasing popularity of the product among consumers. Aided by the technological advancements in the loudspeakers such as the convenience of wi-fi and bluetooth connectivity and rising consumer disposable incomes, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is divided into satellite, subwoofers, in-wall, outdoor, soundbar, and multimedia. The major regional markets for loudspeaker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Altec Lansing LLC, Bose Corporation, Sound United, LLC, Dynaudio A/S, Harman International Industries, Inc., Logitech International S.A., Klipsch Group, Inc., and Sony Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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