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Pro Speakers Market Report by Product, Format, Amplification Method, Distribution Channel, End User, and Region 2024-2032

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    Report

  • 141 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947029
Description Jump to:
The global pro speakers market size reached US$ 2,454.5 Million in 2023. Looking forward, the publisher expects the market to reach US$ 3,374.4 Million by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2023-2032.

A professional speaker is used to record sounds, set up sound reinforcement systems, and mix audio by high-end customers for studio-quality audio equipment. They offer an accurate, transparent, uncolored reproduction of the tonal qualities of the source audio, thereby providing natural playback of the recorded material. Typically, these speakers are used in studios for recording songs and albums by trained record producers, sound engineers, audio engineers, and audio technicians. These devices ensure the output ensures high-accuracy residential installed surround sound and distributed audio. Professional speakers find extensive applications in the production of audio for television broadcasts, radio broadcasts, and sound reinforcement applications, such as live concerts and DJ performances.

Pro Speakers Market Trends:

The market is majorly driven by the accelerating demand for professional audio speakers in the commercial sector. This can be attributed to the to the flourishing music industry, along with a paradigm shift in consumer behavior towards live music events and exhibitions. Moreover, the increasing number of new bars and nightclubs opening and the replacement of old sound systems in existing nightclubs and bars are resulting in the installation of improved sound systems, thereby fueling the market. Moreover, various product innovations and futuristic inventions in wireless digital technology, and the integration of the internet of things (IoT) with professional audio equipment are providing an impetus to the market. The market is further propelled by the rapid utilization of pro audio equipment in sporting events due to the rise in investments in sports sponsorship. Some of the other factors contributing to the market growth include continuous developments in complementary digital technologies, the advent of new start-ups with advanced product portfolios, rapid urbanization, and extensive research and development (R&D) activities.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global pro speakers market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, format, amplification method, distribution channel and end user.

Breakup by Product:

  • Point Source
  • Line Array
  • Sub Woofers
  • Others

Breakup by Format:

  • Digital
  • Analog

Breakup by Amplification Method:

  • Passive Speakers
  • Powered Speakers

Breakup by Distribution Channel:

  • Online Channel
  • Offline Channel

Breakup by End User:

  • Corporates
  • Large Venues and Events
  • Educational Institutes
  • Government and Military
  • Studio and Broadcasting
  • Hospitality
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being B&c Speakers, B&W Group Ltd., Bose Corporation, CELTO Acoustique Ltd., CODA Audio GmbH, D&B Audiotechnik GmbH & Co. KG, K-Array, Klipsch Group Inc. (Voxx International), L-Acoustics Group, Meyer Sound Laboratories Incorporated, Renkus-Heinz Inc., Sennheiser electronic GmbH & Co. KG, Sony Group Corporation and Yamaha Corporation. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global pro speakers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global pro speakers market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the format?
  • What is the breakup of the market based on the amplification method?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end users?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global pro speakers market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Pro Speakers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Point Source
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Line Array
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sub Woofers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Format
7.1 Digital
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Analog
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Amplification Method
8.1 Passive Speakers
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Powered Speakers
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Online Channel
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Offline Channel
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End Users
10.1 Corporates
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Large Venues and Events
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Educational Institutes
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Government and Military
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Studio and Broadcasting
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Hospitality
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 B&c Speakers
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 B&W Group Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Bose Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 SWOT Analysis
16.3.4 CELTO Acoustique Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 CODA Audio GmbH
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 D&B Audiotechnik GmbH & Co. KG
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 K-Array
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Klipsch Group Inc. (Voxx International)
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 L-Acoustics Group
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Meyer Sound Laboratories Incorporated
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Renkus-Heinz Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Sennheiser electronic GmbH & Co. KG
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.13 Sony Group Corporation
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
16.3.13.4 SWOT Analysis
16.3.14 Yamaha Corporation
16.3.14.1 Company Overview
16.3.14.2 Product Portfolio
16.3.14.3 Financials
16.3.14.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
Figure 1: Global: Pro Speakers Market: Major Drivers and Challenges
Figure 2: Global: Pro Speakers Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Pro Speakers Market: Breakup by Product (in %), 2023
Figure 5: Global: Pro Speakers Market: Breakup by Format (in %), 2023
Figure 6: Global: Pro Speakers Market: Breakup by Amplification Method (in %), 2023
Figure 7: Global: Pro Speakers Market: Breakup by Distribution Channel (in %), 2023
Figure 8: Global: Pro Speakers Market: Breakup by End Users (in %), 2023
Figure 9: Global: Pro Speakers Market: Breakup by Region (in %), 2023
Figure 10: Global: Pro Speakers (Point Source) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Pro Speakers (Point Source) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Pro Speakers (Line Array) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Pro Speakers (Line Array) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Pro Speakers (Sub Woofers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Pro Speakers (Sub Woofers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Pro Speakers (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Pro Speakers (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Pro Speakers (Digital) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Pro Speakers (Digital) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Pro Speakers (Analog) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Pro Speakers (Analog) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Pro Speakers (Passive Speakers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Pro Speakers (Passive Speakers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Pro Speakers (Powered Speakers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Pro Speakers (Powered Speakers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Pro Speakers (Online Channel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Pro Speakers (Online Channel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Pro Speakers (Offline Channel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Pro Speakers (Offline Channel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Pro Speakers (Corporates) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Pro Speakers (Corporates) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Pro Speakers (Large Venues and Events) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Pro Speakers (Large Venues and Events) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Pro Speakers (Educational Institutes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Pro Speakers (Educational Institutes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Pro Speakers (Government and Military) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Pro Speakers (Government and Military) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Pro Speakers (Studio and Broadcasting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Pro Speakers (Studio and Broadcasting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Pro Speakers (Hospitality) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Pro Speakers (Hospitality) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Pro Speakers (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Pro Speakers (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia-Pacific: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia-Pacific: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Pro Speakers Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Pro Speakers Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Pro Speakers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Global: Pro Speakers Industry: SWOT Analysis
Figure 94: Global: Pro Speakers Industry: Value Chain Analysis
Figure 95: Global: Pro Speakers Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Pro Speakers Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Pro Speakers Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Pro Speakers Market Forecast: Breakup by Format (in Million US$), 2024-2032
Table 4: Global: Pro Speakers Market Forecast: Breakup by Amplification Method (in Million US$), 2024-2032
Table 5: Global: Pro Speakers Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 6: Global: Pro Speakers Market Forecast: Breakup by End Users (in Million US$), 2024-2032
Table 7: Global: Pro Speakers Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Pro Speakers Market: Competitive Structure
Table 9: Global: Pro Speakers Market: Key Players

Companies Mentioned

  • B&c Speakers
  • B&W Group Ltd.
  • Bose Corporation
  • CELTO Acoustique Ltd.
  • CODA Audio GmbH
  • D&B Audiotechnik GmbH & Co. KG
  • K-Array
  • Klipsch Group Inc. (Voxx International)
  • L-Acoustics Group
  • Meyer Sound Laboratories Incorporated
  • Renkus-Heinz Inc.
  • Sennheiser electronic GmbH & Co. KG
  • Sony Group Corporation and Yamaha Corporation.

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 2454.5 Million
Forecasted Market Value ( USD ) by 2032 $ 3374.4 Million
Compound Annual Growth Rate3.6%
Regions CoveredGlobal
No. of Companies Mentioned13

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About the Professional Speakers Market

The Professional Speakers market is a subset of the Audio Equipment industry, focusing on the production and sale of high-end audio equipment for professional use. Professional Speakers are designed to provide superior sound quality and clarity, and are often used in live performances, recording studios, and other professional audio applications. Professional Speakers are typically more expensive than consumer-grade audio equipment, and are designed to meet the needs of professional audio engineers and musicians. Professional Speakers are typically designed to provide a wide range of sound frequencies, and are often equipped with advanced features such as equalizers, crossovers, and other sound-shaping tools. Professional Speakers are also designed to be durable and reliable, and are often constructed from high-quality materials such as aluminum, steel, and other metals. Some of the leading companies in the Professional Speakers market include JBL, Bose, Yamaha, Mackie, and QSC Audio. These companies produce a wide range of Professional Speakers, ranging from entry-level models to high-end models. Show Less Read more

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