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Global Portable Bluetooth Speakers Market to Grow at a Healthy Pace During 2021-2026, Driven by the Development of Smart Homes

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Global Portable Bluetooth Speakers Market: By Type: Car Speaker, Pocket Speaker, Outdoor Bluetooth Speaker; By Sales Channel: Organised Sector, Unorganised Sector, Online, Others; By Price Range; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Portable Bluetooth Speakers Market Outlook

The global portable Bluetooth speakers market is significantly supported by the growth of smart speaker industry, which attained USD 9.07 billion in 2020. The global smart speaker industry is expected to grow at a CAGR of 20% in the forecast period of 2021-2026 to attain USD 27 billion by 2026.

 

Global Portable Bluetooth Speakers Market

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Technological Advancement in Audio Technology to Aid the Market Growth of Portable Bluetooth Speakers

The portable Bluetooth speakers industry is driven by the advancement in audio technology. The ongoing technological advancements in several audio devices have transformed the world of music in the manner it is played and appreciated. The audio industry has witnessed a rise in the demand for wireless-based audio devices, including portable Bluetooth speakers, headphones, sound bars, and microphones. This is expected to boost the market growth of portable Bluetooth speakers. The market is further aided by the rising demand from the end user industries and growing adoption of portable Bluetooth speakers and other related devices. In addition to this, the rising number of smart phones, especially in North America, is fuelling the market growth of portable Bluetooth speakers.

 

Portable Bluetooth Speakers: Industry Definition and Segmentation

Portable Bluetooth speakers refer to movable wireless streaming audio. These gadgets are permitted to play media from a source of content, such as a tablet, laptop, any Bluetooth enabled device like a smartphone. Usually, a portable Bluetooth gadget includes a rechargeable battery of lithium polymer. Portable Bluetooth speakers are easy to carry, use, and install.

 

Global Portable Bluetooth Speakers Market By Type

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On the basis of type, the market is divided into:

  • Car Speaker
  • Pocket Speaker
  • Outdoor Bluetooth Speaker
  • Others

Based on sales channel, the industry can be segmented into:

  • Organised Sector
  • Unorganised Sector
  • Online
  • Others

By price range, the industry is categorised into:

  • Premium (More Than USD 500)
  • Mid-Range (USD 500-200)
  • Low Range (Less Than USD 200)

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Portable Bluetooth Speakers Market By Region

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Changing Format of Music Towards Digital and Hi-Fi Systems to Aid the Market Growth of Portable Bluetooth Speakers

The market growth of portable Bluetooth speakers is being fuelled by the changing preferences for the mode of listening to music among consumers. The changing format of music towards digital and hi-fi systems is boosting manufacturers to design, develop, and pursue innovation in sound quality. Earlier, consumers opted for speakers with high watts, which featured better sound quality. However, currently, consumers have turned towards innovation and refrain from purchasing speakers featuring loud music as that may be disturbing for their neighbours. This has led to rising demand for hi-fi systems with Bluetooth, Wi-Fi connection, USBs including supported files, plug-in of various card reader types, or even a mixture with disco lighting, among others, consequently boosting the market growth of portable Bluetooth speakers. However, the market may witness hindrance due to the threat of piracy.

 

Key Industry Players in the Global Portable Bluetooth Speakers Market

The report gives a detailed analysis of the following key players in the global portable Bluetooth speakers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bose Corporation
  • Harman International
  • Apple Inc.
  • Sony Corporation
  • Koninklijke Philips NV
  • LG Electronics
  • Yamaha Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Portable Bluetooth Speakers Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Portable Bluetooth Speakers Historical Market (2016-2020) 
    8.3    Global Portable Bluetooth Speakers Market Forecast (2021-2026)
    8.4    Global Portable Bluetooth Speakers Market by Type
        8.4.1    Car Speaker
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Pocket Speaker
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Outdoor Bluetooth Speaker
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Portable Bluetooth Speakers Market by Sales Channel
        8.5.1    Organised Sector
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Unorganised Sector
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Online
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Portable Bluetooth Speakers Market by Price Range
        8.6.1    Premium (More Than USD 500)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Mid-Range (USD 500-200)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Low Range (Less Than USD 200)
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Portable Bluetooth Speakers Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Bose Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Harman International
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Apple Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Sony Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Koninklijke Philips NV
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    LG Electronics
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Yamaha Corporation
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Portable Bluetooth Speakers Market: Key Industry Highlights, 2016 and 2026
2.    Global Portable Bluetooth Speakers Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Portable Bluetooth Speakers Historical Market: Breakup by Sales Channel (USD Billion), 2016-2020
5.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Sales Channel (USD Billion), 2021-2026
6.    Global Portable Bluetooth Speakers Historical Market: Breakup by Price Range (USD Billion), 2016-2020
7.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Price Range (USD Billion), 2021-2026
8.    Global Portable Bluetooth Speakers Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Portable Bluetooth Speakers Market Structure

Key Questions Answered in the Report

What was the global portable Bluetooth speakers market size in 2020?

The global portable Bluetooth speakers market is being aided by the growth of the smart speaker industry, which attained USD 9.07 billion in 2020.

What is the growth rate of the market?

The smart speaker market is projected to grow at a CAGR of 20% between 2021 and 2026, further driving the growth of the portable Bluetooth speakers industry.

What is the forecast outlook of the market for 2021-2026?

The smart speaker market is estimated to reach about USD 27 billion by 2026 and is expected to continue to aid the portable Bluetooth speakers industry growth.

What are the major industry drivers?

The major drivers of the industry such as rising disposable incomes, advancement in audio technology, rising demand from the end user industries, and rising number of smart phones are expected to aid the market growth.

What are the key industry trends of the global portable Bluetooth speakers market?

The key market trend guiding the growth of the industry includes the rising demand for hi-fi systems with Bluetooth.

What are the major regional markets of portable Bluetooth speakers, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading types of portable Bluetooth speakers in the market?

The leading types of portable Bluetooth speakers in the market are car speaker, pocket speaker, and outdoor Bluetooth speaker, among others.

What are the significant sales channels in the industry?

The significant sales channels in the industry are organised sector, unorganised sector, and online, among others.

What are the major price ranges of portable Bluetooth speakers in the market?

The major price ranges of portable Bluetooth speakers in the market are premium (more than USD 500), mid-range (USD 500-200), and low range (less than USD 200).

Who are the key industry players, according to the report?

The major players in the industry are Bose Corporation, Harman International, Apple Inc., Sony Corporation, Koninklijke Philips NV, LG Electronics, and Yamaha Corporation, among others.

Analyst Review

The global portable Bluetooth speakers market is being driven by the growing smart speaker industry, which attained USD 9.07 billion in 2020. Aided by the growing technological advancements, the smart speaker market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 20%. The smart speaker market is projected to reach USD 27 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into car speaker, pocket speaker, and outdoor Bluetooth speaker, among others. On the basis of sales channel, the industry is divided into organised sector, unorganised sector, and online, among others. Based on price range, the market is categorised into premium (more than USD 500), mid-range (USD 500-200), and low range (less than USD 200). The major regional markets for portable Bluetooth speakers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bose Corporation, Harman International, Apple Inc., Sony Corporation, Koninklijke Philips NV, LG Electronics, and Yamaha 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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