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Global Sound Bar Market Size, Share, Analysis, Forecast: By Type: Tabletop, Wall Mount, Others; By Installation Method: Active Soundbar, Passive Soundbar; By Connectivity: Wi-Fi, Bluetooth, Others; By Application: Home Audio, Commercial; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Sound Bar Market Outlook
The global sound bar market size reached a value of approximately USD 5.99 billion in 2023. The market is further projected to grow at a CAGR of 4.80% between 2024 and 2032, reaching a value of USD 9.14 billion by 2032.
Key Trends in the Market
Sound bar is a rectangular shaped speaker system that transmits sound from an electronic device such as television or computer via several built-in small speakers. It is capable of projecting sound from a wide enclosure and is often used for providing an immersive audio experience to the listener.
- Rising demand for wireless streaming of audio and sounds owing to its convenience, flexibility, and easy installation, is fuelling the demand for sound bars. Various sound bars offer Wi-Fi and Bluetooth connectivity, enhancing the experience of the user.
- The market players are increasingly focussing on integrating voice assistants, such as Alexa and Google Assistant, along with other functionalities such as artificial intelligence to make media bars more user-friendly, thereby boosting the sound bar market growth.
- Rapid digitalisation and rising penetration of subscription-based streaming platforms such as Netflix and Amazon Prime, among others have extensively contributed towards the demand for sound bar systems to create an immersive cinema experience at home.
Market Analysis
Based on type, the market is segmented into tabletop and wall mount, among others. On the basis of installation method, the market is bifurcated into active soundbar and passive soundbar. By connectivity, the market is categorised into Wi-Fi and Bluetooth, among others. On the basis of application, the market is divided into home audio and commercial. Based on distribution channel, the market is segmented into online and offline. By region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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. The report gives a detailed analysis of the following key players in the global sound bar market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Bose Corporation
- Samsung Electronics Co. Ltd
- Yamaha Corporation
- Sennheiser electronic GmbH & Co. KG
- Sony Electronics Inc.
- Sonos Inc.
- LG Electronics Inc.
- Onkyo Home Entertainment Corporation
- Klipsch Group, Inc.
- Koninklijke Philips N.V.
- BANG & OLUFSEN GROUP
- Dynaudio A/S
- Others
Market Share by Installation Method
Active sound bars are expected to witness a fast growth during the forecast period as they are considered to be more advantageous in comparison to passive sound bars. Active sound bars are cost-effective, as they come with built-in amplifiers and surround sound capabilities compared to passive soundbars that require outside amplifiers or receivers to operate correctly due to the absence of built-in amplifier. This makes active sound bars extremely convenient from a setup perspective.
Difficulty in setting full sound system with multiple speakers in certain homes thus favours the demand for active sound bars to create a digital surround sound effect with a single piece of equipment, aiding the sound bar market expansion. However, passive soundbars have higher quality, which makes them more expensive despite their fewer components.
Market Share by Region
The market for sound bar in the Asia Pacific is anticipated to grow rapidly over the forecast period owing to the growing adoption of advanced electronic devices and the strong presence of various key players in the region. Increasing construction of smart homes and rising disposable incomes are further boosting the adoption of sound bars. Moreover, rise in research and development expenditure by the manufacturers for developing new and advanced sound bar systems is further contributing to the growth of the sound bar market in the Asia Pacific.
Competitive Landscape
Bose Corporation was founded in 1964 and is headquartered in Massachusetts, United States. It is a retail company that is known for manufacturing and selling audio equipment such as earbuds, speakers, headphones, and sound bars, among others.
Samsung Electronics Co., Ltd is an electronics company that was founded in 1969 and is headquartered in Suwon-si, South Korea. The company manufactures consumer electronics, IT and mobile communication, and device solutions, among others.
Yamaha Corporation was established in 1887 and has its headquarters located in Shizuoka, Japan. The multinational company is focussed on producing wide varieties of products and services including professional audio and drums, among others.
Other major players in the sound bar market include Sennheiser electronic GmbH & Co. KG, Sony Electronics Inc., Sonos Inc., LG Electronics Inc., Onkyo Home Entertainment Corporation, Klipsch Group, Inc., Koninklijke Philips N.V., BANG & OLUFSEN GROUP, and Dynaudio A/S, among others.
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:
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| Breakup by Type |
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| Breakup by Installation Method |
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| Breakup by Connectivity |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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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 Sound Bar Market Analysis
8.1 Key Industry Highlights
8.2 Global Sound Bar Historical Market (2018-2023)
8.3 Global Sound Bar Market Forecast (2024-2032)
8.4 Global Sound Bar Market by Type
8.4.1 Tabletop
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Wall Mount
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Sound Bar Market by Installation Method
8.5.1 Active Soundbar
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Passive Soundbar
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Sound Bar Market by Connectivity
8.6.1 Wi-Fi
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Bluetooth
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Sound Bar Market by Application
8.7.1 Home Audio
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Sound Bar Market by Distribution Channel
8.8.1 Online
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Offline
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Sound Bar Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Sound Bar 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 Sound Bar 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 Sound Bar 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 Sound Bar 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 Sound Bar 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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bose Corporation
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 Samsung Electronics Co. Ltd
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 Yamaha 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 Sennheiser electronic GmbH & Co. KG
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 Sony Electronics Inc.
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 Sonos 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 LG Electronics Inc.
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 Onkyo Home Entertainment Corporation
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 Klipsch Group, Inc.
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 Koninklijke Philips N.V.,
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 BANG & OLUFSEN GROUP
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 Dynaudio A/S
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sound Bar Market: Key Industry Highlights, 2018 and 2032
2. Global Sound Bar Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Sound Bar Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Sound Bar Historical Market: Breakup by Installation Method (USD Billion), 2018-2023
5. Global Sound Bar Market Forecast: Breakup by Installation Method (USD Billion), 2024-2032
6. Global Sound Bar Historical Market: Breakup by Connectivity (USD Billion), 2018-2023
7. Global Sound Bar Market Forecast: Breakup by Connectivity (USD Billion), 2024-2032
8. Global Sound Bar Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Sound Bar Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Sound Bar Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11. Global Sound Bar Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12. Global Sound Bar Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Sound Bar Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Sound Bar Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Sound Bar Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Sound Bar Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Sound Bar Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Sound Bar Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Sound Bar Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Sound Bar Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Sound Bar Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Sound Bar Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Sound Bar Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Sound Bar Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 5.99 billion in 2023.
The market is projected to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.14 billion by 2032.
The key drivers of the market include rising digitalisation, increasing construction of smart homes, and growing investments towards the development of new and advanced sound bar systems.
The key trends of the market include rising demand for wireless streaming of audio, increasing focus of the market players on integrating advanced features like voice assistants, and growing penetration of subscription-based streaming platforms.
The various types of sound bars include tabletop and wall mount, among others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the global sound bar market are Bose Corporation, Samsung Electronics Co. Ltd, Yamaha Corporation, Sennheiser electronic GmbH & Co. KG, Sony Electronics Inc., Sonos Inc., LG Electronics Inc., Onkyo Home Entertainment Corporation, Klipsch Group, Inc., Koninklijke Philips N.V., BANG & OLUFSEN GROUP, and Dynaudio A/S, among others.
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