Sound Bar Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2028
According to Emergen Research, the global sound bar market size was USD 5,457.6 million in 2020 and is expected to reach USD 9,625.1 million in 2028 and register a revenue CAGR of 7.3% during the forecast period, 2021-2028. Increasing demand for high-quality soundbars with next-generation features, including wireless connectivity and high compatibility with voice assistants like Alexa and Google Assistance, rising consumer demand for immersive home theater experiences, growing trend of on-demand music streaming and availability of various music streaming platforms including Spotify, JioSaavn, Apple Music, and Amazon Music, and rising disposable incomes of consumers, especially in developing countries like India and China, are other major factors contributing to revenue growth of the global sound bar market.
The Global Sound Bar Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Sound Bar industry. The North American segment is estimated to contribute over 38 percent to the market’s incremental growth. The countries in the region are concentrating on developing their chemical infrastructure. Furthermore, the region also consists of several leading oil-producing companies such as the US, Mexico, and Venezuela.
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others. It also offers key insights into financial standing, market reach, global position, gross profit margins, and investment and funding initiatives.
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Major Players/Manufacturers profiled in the report are:
- Bose Corporation
- boAt
- Edifier
- Harman International
- LG Electronics
- Panasonic Corporation
- Polk Audio
- Samsung Electronics Co. Ltd.,
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Yamaha Corporation
- Plantronics, Inc.
- Koninklijke Philips N.V.
- Vizio Inc.
- TCL Corporation
- 2 Expect LLC
- Altec Lansing Inc.
- B & W Group Ltd.
For the purpose of this report, Emergen Research has segmented the sound bar market based on product type, connectivity, installation type, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Active Soundbar
- Passive Soundbar
Connectivity Outlook (Revenue, USD Million; 2018–2028)
- Wired
- HDMI Cable
- Optical Cable
- Coaxial Cable
- Others
- Wireless
- Wi-Fi
- Bluetooth
- Others
Installation Type Outlook (Revenue, USD Million; 2018–2028)
- Wall-mounted
- Table-top
Application Outlook (Revenue, USD Million; 2018–2028)
- Home Audio Systems
- Music Players
- TV Sets
- Computers
- Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8 year analysis of the Global Sound Bar Market
- Critical assessment of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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