The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

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

The global loudspeakers market is expected to grow from $7.25 billion in 2022 to $7.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global loudspeakers market is expected to grow to $9.35 billion in 2027 at a CAGR of 4.9%.

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Global Loudspeakers Market Segments Include:

• By Product: Soundbar, Subwoofers, In-wall, Outdoor
• By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted
• By End User: Household, Commercial, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global loudspeakers market in 2021.

Major Market Players in the loudspeakers market include Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation.

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 includes Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers.

The Loudspeakers Global Market Report 2023  provides a loudspeakers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The loudspeakers market forecast analyzes loudspeakers market size, loudspeakers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A loudspeaker is an electroacoustic transducer that converts an electrical audio signal into a corresponding sound. Loudspeakers are used in aural communication for the generation of music through auto technology, radio, audio players, and bluetooth speakers.

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