What Transformation Has the Loudspeakers Market Undergone?
The loudspeakers market has seen considerable growth due to a variety of factors.
• In recent times, there has been a consistent expansion in the loudspeakers market size. The progression expected is from $7.81 billion in 2024 to $8.19 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.9%.
Key factors driving the growth during the historical period include robust economic development in emerging markets, the amplified usage of in-wall loudspeakers, escalating populations, a trend of increased disposable income in developing nations, and the expansion in e-commerce within consumer electronics.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Loudspeakers Market?
The loudspeakers market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust growth in the loudspeakers market is predicted to boost its size to $10.35 billion by 2029, rising at a compound annual growth rate (CAGR) of 6.0%.
The expansion in the prediction timeline can be credited to an upsurge in consumer entertainment expenditures, a growing prevalence of wi-fi-enabled loudspeakers, and the advancement of smart cities. The forecast period is set to highlight an emphasis on launching wireless loudspeakers, integrating new technological innovations, sustainable growth through eco-friendly speakers, and the incorporation of 360-degree audio into loudspeakers.
What Are the Critical Driver Fuelling the Loudspeakers Market's Growth?
The escalating consumer expenditure on entertainment commodities around the world is anticipated to bolster the growth of the loudspeakers market in the estimated period. External sound systems are being favored as a home entertainment medium by consumers, and there's a growing awareness about the sound quality they experience. This has led to an increased willingness to invest more in sound systems. An example is a February 2022 report by Deloitte Touche Tohmatsu Limited, a globally operating UK-based professional services network that provides audit, advisory, tax, and consultancy services to clients worldwide. The report reveals that over the past three years, the global sales of consumer electronics have seen divergent growth patterns, with a 34% increase for computers, a 12% rise for TV sets, and a 1% growth for smartphones. This surge in consumer spending on entertainment and higher awareness about sound quality boost the demand for various types of loudspeakers, thereby propelling the loudspeaker market's growth.
What Are The Key Segments Within The Global Loudspeakers Market?
The loudspeakers market covered in this report is segmented –
1) By Product: Soundbar, Subwoofers, In-wall, Outdoor
2) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted
3) By End User: Household, Commercial, Other End Users
Subsegments:
1) By Soundbar: Wireless Soundbars, Bluetooth Soundbars, Soundbars With Built-In Subwoofers
2) By Subwoofers: Active Subwoofers, Passive Subwoofers, Wireless Subwoofers
3) By In-Wall: Fixed In-Wall Speakers, Adjustable In-Wall Speakers, In-Wall Subwoofers
4) By Outdoor: Weather-Resistant Speakers, Landscape Speakers, Portable Outdoor Speakers
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How Are New Trends Impacting The Size Of The Loudspeakers Market?
The wireless audio equipment market is witnessing a sharp rise in demand due to the growing use of mobile devices and the changing ways consumers interact with media. Customers are now using devices like smartphones, tablets, and laptops more frequently to stream audio wirelessly on speakers. This kind of behavior has contributed to the surge in Wi-Fi and Bluetooth-connected speakers. In response to this trend, manufacturers including Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm have started introducing wireless audio products or platforms. Some well-received Wi-Fi audio equipment includes the Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers.
Who Are the Key Players in the Loudspeakers Market?
Major companies operating in the loudspeakers market include:
• Bose Corporation
• Harman International Industries
• Altec Lansing
• Bowers & Wilkins
• Voxx International
• Focal
• Dynaudio
• KEF
• QSC
• Sony Corporation
• Osborn Loudspeakers
• Karri Acoustic
• VAF Research
• Whatmough
• Lenehan Audio
• Redgum Audio
• Duntech
• Jinyoung G&T
• Pantos Logistics Co. Ltd.
• Bum Jin C & L Co. Ltd.
• Euroline Co. Ltd.
• J P Products Co. Ltd.
• Imoss Corporation
• Edifer
• Guangzhou Hongxiang Audio Equipment Co.
• Enping Macadn Electronic Technology Co. Ltd
• Sanway Audio Equipment
• ZHIYA Audio Equipment Co. Ltd.
• Noise
• BoAt
• pTron
• Hammer
• Ambrane
• Clarion
• Yamaha
• Onkyo
• Sansui
• Denon
• Sharp
• TOA Corporation
• Zound Industries
• Sennheiser
• ELAC
• Tannoy
• ATC
• Mission
• Wharfedale
• PMC
• Fyne Audio
• Q Acoustics
• Aris Audio
• Reezoldini
• Xavian
• Sonos. Inc.
• Apple . Inc.
• LG Electronics
• DEI Holdings. Inc.
• JBL
• Quested
• Grado Labs
• Klipsch
• Mark Levinson Audio Systems
• Master & Dynamic
• Mcintosh
• Rockford Fosgate
• Samsung
• Vizio Inc.
• L.G.
• Sound United
• Panasonic
• Philips
• JVC
• Logitech
• ILive
• Edifier
• Martin Logan
• Taligare
• Numark
• Eurolive
• Pioneer
• Behringer
• Hisense
• TCL
• Leap Technologies FZC
• SMARTECH AV
• Morel HiFi
• Eminence Speaker
• KCS Speakers
What are the Regional Insights into the Loudspeakers Market?
Asia-Pacific was the largest region in the loudspeakers market share in 2024. The regions covered in the loudspeakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
