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How has the loudspeakers and sound bars market evolved, and where is it heading next?
The loudspeakers and sound bars market size has grown strongly in recent years. It will grow from $30.25 billion in 2024 to $31.77 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to entertainment industry, home audio systems, automotive audio, consumer electronics, wireless and bluetooth technology.
The loudspeakers and sound bars market size is expected to see steady growth in the next few years. It will grow to $37.07 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to smart home ecosystems, high-resolution audio, gaming and esports, 5g technology, home office and remote work. Major trends in the forecast period include voice control and ai integration, soundbars with immersive audio, wireless multi-room audio, compact and portable speakers, sustainability and eco-friendly materials.
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What are the key drivers behind the rapid expansion of the loudspeakers and sound bars market?
Increased spending on entertainment products by consumers globally contributed to the growth of the loudspeakers market in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems. For instance, in February 2022, according to the Bureau of Labor Statistics, a US-based government agency, in 2022, consumer spending in the U.S. increased by 9.0% compared to 2021. Increased consumer expenditure on entertainment and consciousness of the quality of sound experienced increases the demand for different forms of loudspeakers which is driving the growth of the loudspeakers market.
What is the segmentation for the loudspeakers and sound bars market?
The loudspeakers and sound bars market covered in this report is segmented –
1) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted
2) By Applications: Communication, Automotive, Film and Television, Club/Bar
3) By End User: Household, Commercial, Others End User
Subsegments:
1) By Single Mounted: Wall-mounted, Standalone
2) By Multiple Mounted: Wall-mounted Arrays, Floor-mounted Setups
3) By Not Mounted: Portable Speakers, Floor-standing Speakers
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Who are the most influential companies in the loudspeakers and sound bars market?
Major companies operating in the loudspeakers and sound bars market include Bose Corporation, Harman International Industries Incorporated, Bowers & Wilkins (B&W), Klipsch Audio Technologies, Kent Engineering and Foundry (KEF), Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., Wharfedale, Cerwin-Vega Inc., Behringer, Peavey Electronics, Jamo, Dynaudio A/S, Sound United LLC, LG Electronics Inc. (Lucky Goldstar Electronics Inc.), Logitech International S.A., Panasonic Corporation, Audiovox Corporation, Boston Acoustics Inc., Bang & Olufsen A/S, James Bullough Lansing Professional, Definitive Technology, Sennheiser Electronic GmbH & Co. KG, Samsung Electronics Co. Ltd., Vizio Inc., Sonos Inc., Polk Audio, Philips Electronics N.V., Sharp Corporation, Pioneer Corporation, Onkyo Corporation, Denon Electronics (USA) LLC, Marantz America LLC, MartinLogan, GoldenEar Technology, SVS LLC, Focal-JMlab, ELAC Electroacustic GmbH, DALI A/S, Canton Elektronik GmbH, Q Acoustics, Monitor Audio Ltd.
How will evolving trends contribute to the growth of the loudspeakers and sound bars market?
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.
Which regional trends are influencing the loudspeakers and sound bars market, and which area dominates the industry?
Asia-Pacific was the largest region in the loudspeakers and sound bars market in 2023. North America is the second-largest region in the loudspeakers and sound bars market. The regions covered in the loudspeakers and sound bars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Loudspeakers And Sound Bars Market Report 2025 Offer?
The loudspeakers and sound bars market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Loudspeakers and Sound Bars refer to audio devices designed to amplify and deliver sound for various applications. Loudspeakers are standalone speakers used in home theaters, concerts, or public address systems to produce high-quality sound. Sound Bars are slim, compact speaker systems typically used with televisions to enhance audio quality, providing a more immersive experience without the need for a full multi-speaker setup. Both are used for entertainment purposes in homes, cinemas, and other audio setups.
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