Report Scope & Overview:
Portable Speakers Market size was valued at USD 1.94 billion in 2022 and is expected to expand at a CAGR of 11.8% from 2022 to 2030 and it will reach USD 4.74 billion in 2030.
Because of the popularity of online streaming services and the widespread availability of large data storage on tablets, laptops, and phones, consumers can easily and quickly use portable speakers. Portable speakers in small and medium sizes can be easily transported to any location, whereas large-size items are ideal for stationary home appliances. Wireless communication features have become an integral part of all speaker categories, including portable docking speakers, wall units, and soundbars, in recent years. Furthermore, the changing consumer lifestyle and increasing demand for entertainment made room for high-performance home theatre systems. As a result, a promising market for interior speakers, soundbars, and subwoofer systems has emerged.
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The Mobile Speed Market is elevated to a global level by large market operators.
Smart devices with advanced features have been introduced over the years.
The growing popularity of portable products.
Availability in various grades, designs, and features, is a major market factor.
limited communication distance.
lack of richness and depth of sound.
Opportunities in the international community.
The simple and straightforward feature expands market opportunities.
Ease of audio sharing and handsets.
The epidemic has forced the market to face numerous difficult challenges.
Customers' desire for portable products presents.
IMPACT OF COVID-19:
The Portable Speakers Market experienced a crisis during the COVID-19 epidemic, when industry units were shut down. Immature goods production was halted, and supply chain management was disrupted. These factors have impacted the market's market share, resulting in revenue loss. The market, on the other hand, has grown positively during the closure. People used to live at home and participate in a variety of activities. This has resulted in the widespread use of mobile devices and speakers between countries all over the world. As a result, the Portable Speakers Market will experience rapid growth in the coming years.
In terms of product type, the Portable Speakers Market is divided into mini, package, capsule, and others. The smallest component is considered the largest of these because it is more suitable for use and handling when travelling than other models. This section accounts for the majority of the Portable Speakers Market Share.
Bluetooth, hybrid, and other connection types are included. The hybrid is considered to be the dominant component. Wi-Fi and Bluetooth connectivity are included. These components are popular among customers. As a result, at the time of forecasting, the segment accounts for a larger share of the Portable Speakers Market Share. Pack, capsule, and other terms are commonly used. The introduction of advanced products with technological advancement features will result in a very high CAGR for the other component.
The key players are Apple Inc., Bose Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, Sony Corp., Samsung Group, ULTIMATE EARS, 4COM Technologies, Samsung Electronics, Tribitaudio, Anker Technology Ltd, Polk Audio, Sonos Inc., Boytone, Marshall Amplification PLC, Logitech, Bang & Olufsen, SoundWorks, Inc., LG Corporation, House of Marley and other.
KEY MARKET SEGMENTATION:
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The Portable Speakers Market Outlook distribution reflects the major regions covered by the global market. North America, Europe, and Asia Pacific are the three major regions. Because of the high demand for music distribution in major countries such as the United States and Canada, the North American region has long been regarded as the dominant region. The regional market is being driven by the increasing sales of products such as smartphones, tablets, laptops, and other mobile devices. Asia Pacific is expected to have the highest CAGR due to increased consumer awareness and acceptance of technologically driven products. During the forecast period, another global region will experience positive growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 1.94 Billion|
|Market Size by 2030||US$ 4.74 Billion|
|CAGR||CAGR of11.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product (Mini, Pocket, Capsule, Others)
• by Type (online, offline)
• by Connectivity (Bluetooth, Hybrid, Others)
• by Application (Residential, Commercial)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Apple Inc., Bose Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, Sony Corp., Samsung Group, ULTIMATE EARS, 4COM Technologies, Samsung Electronics, Tribitaudio, Anker Technology Ltd, Polk Audio, Sonos Inc., Boytone|
|Key Drivers||• The Mobile Speed Market is elevated to a global level by large market operators.
• Smart devices with advanced features have been introduced over the years.
|RESTRAINTS||• limited communication distance.
• lack of richness and depth of sound.
Portable Speakers Market size was valued at 1.74 billion in 2021 at a CAGR of 11.8%.
limited communication distance and lack of richness and depth of sound limiting the the Portable Speaker Market's expansion.
The major key players are Apple Inc., Bose Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, Sony Corp., Samsung Group, ULTIMATE EARS, 4COM Technologies, Samsung Electronics, Tribitaudio, Anker Technology Ltd, Polk Audio, Sonos Inc., Boytone, Marshall Amplification PLC, Logitech, Bang & Olufsen, SoundWorks, Inc., LG Corporation, House of Marley and other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Portable Speakers Market Segmentation, by product
9. Global Portable Speakers Market Segmentation, by equipment type
10. Global Portable Speakers Market Segmentation, By connectivity
11. Global Portable Speakers Market Segmentation, By application
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Apple Inc.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Bose Corp.
13.3 VOXX Electronics Corp.
13.4 Plantronics Inc.
13.5 Beats Electronics
13.6 Sony Corp.
13.7 Samsung Group
13.8 ULTIMATE EARS
13.9 and 4COM Technologies
13.10 Samsung Electronics
13.12 Anker Technology Ltd
13.13 Polk Audio
13.14 Sonos Inc.
13.16 Marshall Amplification PLC
13.18 Bang & Olufsen
13.19 SoundWorks, Inc.
13.20 LG Corporation
13.21 House of Marley
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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