The Global Loudspeakers And Sound Bars Market Report by The Business Research Company covers loudspeakers and sound bars market drivers and restraints, loudspeakers and sound bars market size, major players, and the impact of COVID-19 on the loudspeakers and sound bars market.
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.
Increased spending on entertainment products by consumers globally contributed to the growth of loudspeakers market in the forecast period.
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 loudspeakers and sound bars market is expected to reach $14.32 billion in 2025 at a CAGR of 2%.
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Some loudspeakers and sound bars market trends include the increasing demand for wireless audio equipment market 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.
Global loudspeakers and sound bars market segments include:
1) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted.
2) By End User: Household, Commercial, Others.
3) By Applications: Communication, Automotive, Film and Television, Club/Bar.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Loudspeakers And Sound Bars Global Market Report 2021: COVID-19 Impact And Recovery To 2030 is one of a series of new reports from The Business Research Company that provides loudspeakers and sound bars market overviews, analyzes and forecasts market size, share, loudspeakers and sound bars market players, loudspeakers and sound bars market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The loudspeakers and sound bars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Loudspeakers And Sound Bars Global Market Report 2021: COVID-19 Impact And Recovery To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Loudspeakers And Sound Bars Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Loudspeakers And Sound Bars Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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