Loudspeakers and Sound Bars Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global loudspeakers and sound bars market as it emerges from the COVID-19 shut down.
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Description:
Where is the largest and fastest growing market for the loudspeakers and sound bars? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Loudspeakers And Sound Bars market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider loudspeakers and sound bars market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The loudspeakers and sound bars market section of the report gives context. It compares the loudspeakers and sound bars market with other segments of the loudspeakers and sound bars market by size and growth, historic and forecast.
Scope
Markets Covered:
- By Type Of Enclosure: Single Mounted; Multiple Mounted; Not Mounted
- By End User: Household; Commercial; Others
- By Applications: Communication; Automotive; Film and Television; Club/Bar
Companies Mentioned: Bose Corporation; Harman International Industries; Bowers & Wilkins; Klipsch Audio Technologies; KEF
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
Data Segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Table of Contents
1. Executive Summary2. Loudspeakers and Sound Bars Market Characteristics3. Loudspeakers and Sound Bars Market Trends and Strategies4. Impact of COVID-19 on Loudspeakers and Sound Bars
5. Loudspeakers and Sound Bars Market Size and Growth
6. Loudspeakers and Sound Bars Market Segmentation
7. Loudspeakers and Sound Bars Market Regional and Country Analysis
8. Asia-Pacific Loudspeakers and Sound Bars Market
9. China Loudspeakers and Sound Bars Market
10. India Loudspeakers and Sound Bars Market
11. Japan Loudspeakers and Sound Bars Market
12. Australia Loudspeakers and Sound Bars Market
13. Indonesia Loudspeakers and Sound Bars Market
14. South Korea Loudspeakers and Sound Bars Market
15. Western Europe Loudspeakers and Sound Bars Market
16. UK Loudspeakers and Sound Bars Market
17. Germany Loudspeakers and Sound Bars Market
18. France Loudspeakers and Sound Bars Market
19. Eastern Europe Loudspeakers and Sound Bars Market
20. Russia Loudspeakers and Sound Bars Market
21. North America Loudspeakers and Sound Bars Market
22. USA Loudspeakers and Sound Bars Market
23. South America Loudspeakers and Sound Bars Market
24. Brazil Loudspeakers and Sound Bars Market
25. Middle East Loudspeakers and Sound Bars Market
26. Africa Loudspeakers and Sound Bars Market
27. Loudspeakers and Sound Bars Market Competitive Landscape and Company Profiles
30. Appendix
Executive Summary
Major players in the loudspeakers and sound bars market are Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., and Wharfedale.The global loudspeakers and sound bars market is expected to grow from $11.34 in billion 2020 to $13.35 billion in 2021 at a compound annual growth rate (CAGR) of 17.7%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $14.32 billion in 2025 at a CAGR of 2%.
The loudspeakers and sound bars market consists of sales of loudspeakers and sound bars by entities (organizations, sole traders and partnerships) that manufacture loudspeakers and sound bars. A loudspeaker is an electroacoustic transducer which converts an electrical audio signal into a corresponding sound. Loudspeakers are used in radios, audio players, and Bluetooth speakers. Only goods and services traded between entities or sold to end consumers are included.
The loudspeakers and sound bars market covered in this report is segmented by type of enclosure into single mounted, multiple mounted and not mounted. It is also segmented by end user into household, commercial and others.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Regulations by government have always been challenging to the loudspeakers market as loudspeakers usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, increased stress level and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation which restricts the use of public address systems at night (between 10:00pm and 6:00am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the loudspeakers market.
In September 2019, the US based company, Sonance announced that it has entered into an agreement with James Loudspeaker to acquire James for an undisclosed amount. The aim of the deal is to combine engineering technology to reinforce their goal of providing superior acoustic performance in products by delivering innovative approaches. James Loudspeaker is a US based company and an innovator in both high performance residential and commercial audio solutions. It produces products for exclusive homes, forward-thinking businesses, and upscale marine applications.
Increased spending on entertainment products by consumers globally contributed to the growth of loudspeakers market in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems. According to a survey by Dolby Laboratories, the USA consumers’ expenditure on home entertainment increased by 72% in 2020. This spend is led by Gen Z and millennial. GFK recorded a €7.9 billion sales in 2019 for global audio devices market excluding North America. There is plenty of growth potential in smart devices with embedded voice assistants and loudspeakers which enhances the entertainment at home. Increased consumer expenditure on entertainment and consciousness of quality of sound experienced increases the demand for different forms of loudspeakers which is driving the loudspeakers market.
The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bose Corporation
- Harman International Industries
- Bowers & Wilkins
- Klipsch Audio Technologies
- KEF
- Sonance
- Yamaha Corporation
- Sony Corporation
- Creative Technology Ltd.
- Wharfedale
- Cerwin Vega
- Behringer
- Peavey Electronics
- Jamo
- Dynaudio
- Sound United LLC
- LG Electronics Inc.
- Logitech International S.A
- Panasonic Corporation
- Audiovox Corporation
- Boston Acoustics Inc.
- Bang & Olufsen
- JBL Professional
- Harman Kardon
- Definitive Technology
- Sennheiser
Methodology
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