Electrical And Electronics Manufacturing

Global Loudspeakers And Sound Bars Market Size, Forecasts, And Opportunities

December 9, 2021 by The Business Research Company

Learn about the global loudspeakers and sound bars market through The Business Research Company, which provides information on loudspeakers and sound bars market size, loudspeakers and sound bars market drivers and restraints, loudspeakers and sound bars market players, the COVID-19 impact on the loudspeakers and sound bars market, and more.

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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%.

Increased spending on entertainment products by consumers globally is expected to drive innovation in loudspeakers and sound bars manufacturing, thus driving the market during the forecast period.

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The loudspeakers and sound bars market consist 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.

Global loudspeakers and sound bars market segments include:

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

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behaviour of consumers. Consumers are increasingly using mobile devices, tablets and laptops to wirelessly play audio on speakers. Such consumer behaviour is driving the growth of Wi-Fi and Bluetooth connected speakers.

TBRC’s loudspeakers and sound bars market report covers:

Major Market Players: Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., and Wharfedale.

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)

The Loudspeakers And Sound Bars Global Market Report 2021: COVID-19 Impact And Recoveryto 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, leading competitor revenues, profiles and market shares.

TBRC’s loudspeakers and sound bars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Amplifiers And Mixers Global Market Report 2021

Loudspeakers Global Market Report 2020

Audio Equipment Global Market Report 2021

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