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Portable Bluetooth Speakers Market

Global Portable Bluetooth Speaker Market Share, Forecast: By Type: Car Speaker, Pocket Speaker, Outdoor Bluetooth Speaker, Others; By Technology: Smart Speaker, Conventional Speaker; By Sales Channel: Online, Offline; By Price Range; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Portable Bluetooth Speakers Market Outlook

The global portable Bluetooth speakers market attained a value of USD 8.09 billion in 2023. The global portable Bluetooth speaker market is expected to grow at a CAGR of 12.4% in the forecast period of 2024-2032 to attain a value of USD 23.14 billion by 2032.

 

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: Market 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.

 

Portable Bluetooth Speakers Market by Segments

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

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

 

The market on the basis of technology is divided into:

  • Smart Speaker
  • Conventional Speaker

 

Based on sales channel, the market is segmented into:

  • Online
  • Offline

 

By price range, the market is categorised into:

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

 

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

 

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:

 

  • HARMAN International
  • Sonos, Inc.
  • Bose Corporation
  • Sony Electronics Inc.
  • Logitech Europe S.A.
  • Apple Inc.
  • Bang & Olufsen A/S
  • Koninklijke Philips N.V.
  • Fantasia Trading LLC (Anker)
  • LG Electronics
  • Tribit Official
  • 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.

 

Key Highlights of the Report

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:

  • Type
  • Technology
  • Sales Channel
  • Price Range
  • Region
Breakup by Type
  • Car Speaker
  • Pocket Speaker
  • Outdoor Bluetooth Speaker
  • Others
Breakup by Technology
  • Smart Speaker
  • Conventional Speaker
Breakup by Sales Channel
  • Online
  • Offline
Breakup by Price Range
  • Low Range (Less Than USD 200)
  • Mid-Range (USD 200-500)
  • Premium (More Than USD 500)
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • HARMAN International
  • Sonos, Inc.
  • Bose Corporation
  • Sony Electronics Inc.
  • Logitech Europe S.A.
  • Apple Inc.
  • Bang & Olufsen A/S
  • Koninklijke Philips N.V.
  • Fantasia Trading LLC (Anker)
  • LG Electronics
  • Tribit Official
  • Others

 

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*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    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Portable Bluetooth Speakers Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Portable Bluetooth Speakers Historical Market (2018-2023) 
    8.3    Global Portable Bluetooth Speakers Market Forecast (2024-2032)
    8.4    Global Portable Bluetooth Speakers Market by Type
        8.4.1    Car Speaker
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Pocket Speaker
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Outdoor Bluetooth Speaker
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Portable Bluetooth Speakers Market by Technology
        8.5.1    Smart Speaker
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Conventional Speaker
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Portable Bluetooth Speakers Market by Sales Channel
        8.6.1    Online
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Offline
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Portable Bluetooth Speakers Market by Price Range 
        8.7.1    Low Range (Less Than USD 200)
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Mid-Range (USD 200-500)
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Premium (More Than USD 500)
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global Portable Bluetooth Speakers Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Portable Bluetooth Speakers Market Analysis
    9.1    Market by Type
    9.2    Market by Technology
    9.3    Market by Sales Channel
    9.4    Market by Price Range
    9.5    Market by Country
        9.5.1    United States of America 
            9.5.1.1    Historical Trend (2018-2023) 
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Canada
            9.5.2.1    Historical Trend (2018-2023) 
            9.5.2.2    Forecast Trend (2024-2032)
10    Europe Portable Bluetooth Speakers Market Analysis
    10.1    Market by Type
    10.2    Market by Technology
    10.3    Market by Sales Channel
    10.4    Market by Price Range
    10.5    Market by Country
        10.5.1    United Kingdom
            10.5.1.1    Historical Trend (2018-2023) 
            10.5.1.2    Forecast Trend (2024-2032)
        10.5.2    Germany
            10.5.2.1    Historical Trend (2018-2023) 
            10.5.2.2    Forecast Trend (2024-2032)
        10.5.3    France
            10.5.3.1    Historical Trend (2018-2023) 
            10.5.3.2    Forecast Trend (2024-2032)
        10.5.4    Italy
            10.5.4.1    Historical Trend (2018-2023) 
            10.5.4.2    Forecast Trend (2024-2032)
        10.5.5    Others
11    Asia Pacific Portable Bluetooth Speakers Market Analysis
    11.1    Market by Type
    11.2    Market by Technology
    11.3    Market by Sales Channel
    11.4    Market by Price Range
    11.5    Market by Country
        11.5.1    China
            11.5.1.1    Historical Trend (2018-2023) 
            11.5.1.2    Forecast Trend (2024-2032)
        11.5.2    Japan
            11.5.2.1    Historical Trend (2018-2023) 
            11.5.2.2    Forecast Trend (2024-2032)
        11.5.3    India
            11.5.3.1    Historical Trend (2018-2023) 
            11.5.3.2    Forecast Trend (2024-2032)
        11.5.4    ASEAN
            11.5.4.1    Historical Trend (2018-2023) 
            11.5.4.2    Forecast Trend (2024-2032)
        11.5.5    South Korea
            11.5.5.1    Historical Trend (2018-2023) 
            11.5.5.2    Forecast Trend (2024-2032)
        11.5.6    Australia
            11.5.6.1    Historical Trend (2018-2023) 
            11.5.6.2    Forecast Trend (2024-2032)
        11.5.7    Others
12    Latin America Portable Bluetooth Speakers Market Analysis
    12.1    Market by Type
    12.2    Market by Technology
    12.3    Market by Sales Channel
    12.4    Market by Price Range
    12.5    Market by Country
        12.5.1    Brazil
            12.5.1.1    Historical Trend (2018-2023) 
            12.5.1.2    Forecast Trend (2024-2032)
        12.5.2    Argentina
            12.5.2.1    Historical Trend (2018-2023) 
            12.5.2.2    Forecast Trend (2024-2032)
        12.5.3    Mexico
            12.5.3.1    Historical Trend (2018-2023) 
            12.5.3.2    Forecast Trend (2024-2032)
        12.5.4    Others
13    Middle East and Africa Portable Bluetooth Speakers Market Analysis
    13.1    Market by Type
    13.2    Market by Technology
    13.3    Market by Sales Channel
    13.4    Market by Price Range
    13.5    Market by Country
        13.5.1    Saudi Arabia
            13.5.1.1    Historical Trend (2018-2023) 
            13.5.1.2    Forecast Trend (2024-2032)
        13.5.2    United Arab Emirates
            13.5.2.1    Historical Trend (2018-2023) 
            13.5.2.2    Forecast Trend (2024-2032)
        13.5.3    Nigeria
            13.5.3.1    Historical Trend (2018-2023) 
            13.5.3.2    Forecast Trend (2024-2032)
        13.5.4    South Africa
            13.5.4.1    Historical Trend (2018-2023) 
            13.5.4.2    Forecast Trend (2024-2032)
        13.5.5    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    HARMAN International
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Sonos, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Bose Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Sony Electronics Inc. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Logitech Europe S.A.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Apple Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Bang & Olufsen A/S
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Koninklijke Philips N.V.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Fantasia Trading LLC (Anker)
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    LG Electronics
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Tribit Official
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Portable Bluetooth Speakers Market: Key Industry Highlights, 2018 and 2032
2.    Global Portable Bluetooth Speakers Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Portable Bluetooth Speakers Historical Market: Breakup by Technology (USD Million), 2018-2023
5.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Technology (USD Million), 2024-2032
6.    Global Portable Bluetooth Speakers Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
7.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
8.    Global Portable Bluetooth Speakers Historical Market: Breakup by Price Range (USD Million), 2018-2023
9.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Price Range (USD Million), 2024-2032
10.    Global Portable Bluetooth Speakers Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Portable Bluetooth Speakers Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Portable Bluetooth Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Portable Bluetooth Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Portable Bluetooth Speakers Market Structure

Key Questions Answered in the Report

The global portable Bluetooth speakers market attained a value of USD 8.09 billion in 2023.

The global portable Bluetooth speakers market is projected to grow at a CAGR of 12.4% between 2024 and 2032.

The global portable Bluetooth speakers market is estimated to reach a value of about USD 23.14 billion by 2032.

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.

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

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

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

The market on the basis of technology can be divided into smart speaker and conventional speaker.

The significant sales channels in the market are online and offline.

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

The major players in the market are HARMAN International, Sonos, Inc., Bose Corporation, Sony Electronics Inc., Logitech Europe S.A., Apple Inc., Bang & Olufsen A/S, Koninklijke Philips N.V., Fantasia Trading LLC (Anker), LG Electronics, and Tribit Official, among others.

Analyst Review

The global portable Bluetooth speakers market attained a value of USD 8.09 billion in 2023. Aided by the growing technological advancements, the portable Bluetooth speaker market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.4%. The portable Bluetooth speaker market is projected to reach USD 23.14 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. By type, the market is segmented into car speaker, pocket speaker, and outdoor Bluetooth speaker, among others.  The market on the basis of technology can be divided into smart speaker and conventional speaker. On the basis of sales channel, the market is divided into online and offline. Based on price range, the market is categorised into low range (less than USD 200), mid-range (USD 200-500), and premium (more than USD 500). 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 HARMAN International, Sonos, Inc., Bose Corporation, Sony Electronics Inc., Logitech Europe S.A., Apple Inc., Bang & Olufsen A/S, Koninklijke Philips N.V., Fantasia Trading LLC (Anker), LG Electronics, and Tribit Official, 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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