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Global Loudspeaker Market: By Product Type: Satellite, Subwoofers, In-wall, Outdoor, Soundbar, Multimedia; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Loudspeaker Market Outlook

The global loudspeaker market stood at a value of around USD 6.8 billion in 2020. The market is further expected to grow at a CAGR of 4.6% in the forecast period of 2022-2027 to attain a value of around USD 8.89 billion by 2026.

 

Global Loudspeaker Market

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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.

 

Global Loudspeaker Market By Segment

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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.

 

Global Loudspeaker Market By Region

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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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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    Industry Opportunities and Challenges
8    Global Loudspeaker Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Loudspeaker Historical Market (2017-2021) 
    8.3    Global Loudspeaker Market Forecast (2022-2027)
    8.4    Global Loudspeaker Market by Product Type
        8.4.1    Satellite
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Subwoofers
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    In-wall
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Outdoor
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Soundbar
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Multimedia
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
    8.5    Global Loudspeaker Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Altec Lansing LLC
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Bose Corporation
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Sound United, LLC
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Dynaudio A/S
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Harman International Industries, Inc. 
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Logitech International S.A. 
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Klipsch Group, Inc.
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8 Sony Corporation
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9 Others
14    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Loudspeaker Market: Key Industry Highlights, 2016 and 2026
2.    Global Loudspeaker Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3.    Global Loudspeaker Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4.    Global Loudspeaker Historical Market: Breakup by Region (USD Billion), 2017-2021
5.    Global Loudspeaker Market Forecast: Breakup by Region (USD Billion), 2022-2027
6.    North America Loudspeaker Historical Market: Breakup by Country (USD Billion), 2017-2021
7.    North America Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2022-2027
8.    Europe Loudspeaker Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    Europe Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Asia Pacific Loudspeaker Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Asia Pacific Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Latin America Loudspeaker Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Latin America Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Middle East and Africa Loudspeaker Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Middle East and Africa Loudspeaker Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2020, the global loudspeaker market attained a value of nearly USD 6.8 billion.

The market is estimated to witness a healthy growth at a CAGR of 4.6% in the forecast period of 2022-2027.

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 6.8 billion in 2020, 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 2022-2027, 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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