Product research

The global loudspeaker market will be driven by the increase in the popularity of the product among the customers to enhance their listening experience during the forecast period 2022-2027

Expert Market Research’s new report titled “Global Loudspeaker Market Report and Forecast 2022-2027”, gives an in-depth analysis of the global loudspeaker market, assessing the market based on its segments such as type and regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

  • Historical market size (2020): $6.8 billion
  • Forecast CAGR (2022-2027): 4.6%

Market Overview (2017-2027)

The growing popularity of loudspeakers among consumers looking to enhance their home listening and cinematic experiences is driving the global loudspeaker business. Soundbars, for example, not only increase users’ overall listening experience, but also enhance their home aesthetics with their sleek and exquisite design. Various manufacturers are trying to improve the quality and design of the product which is expected to boost the market growth. Apart from this, the development of smart soundbars with increased acoustic performance, real-time tuning, built-in voice assistants and rich bass for movies, music and games, among others, are expected to boost the sales of products during the forecast period. , thus helping the market.

Industry definition and major segments

A loudspeaker is a device that converts electrical energy into acoustic signals, which are then radiated into a room or open space to reproduce sound. The speakers produce a frequency range of around 20 to 20,000 hertz.

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On the basis of Type, the market is segmented into:

On the basis of region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market trends

The growing awareness about the profitability of a soundbar is expected to be a major factor that will drive the market throughout the forecast period. The cost of soundbar speakers is generally lower than that of conventional stereo sound systems. Meanwhile, the subwoofer market is expected to grow significantly over the projection period. Improved bass response and sonic clarity from subwoofers, as well as their increased use in soundbars for a better music experience at house parties and gaming, are some of the drivers that are expected to boost segment growth.

Main market players

Major market players include Altec Lansing LLC, Bose Corporation, Sound United, LLC, Dynaudio A/S, Harman International Industries, Inc., Logitech International SA, Klipsch Group, Inc., Sony Corporation, and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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** At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.