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Global Soundbar Market Size study by Type (Wall-Mounted, Table-Top, Others), by Installation Method (Active Soundbars, Passive Soundbars, Others), by Connectivity (Wi-Fi, Bluetooth, Others), by Application (Home Audio, Commercial, Others) and Regional Forecasts 2020-2027

  • BIZ3921580
  • 200 Pages
  • June 2020
  • Consumer Goods
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Global Soundbar Market is valued approximately at USD 5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2020-2027. A soundbar (also known as media bar) is defined as the slim unit, with a number of built-in speakers jacketed simultaneously in a particular enclosure. A soundbar comprises of a special loudspeaker that generates sound from the cabinet. It was primarily intended to enhance the sound quality of the audio tracks deprived of loads of wires. To alter its functionality, several manufacturers are designing its hybrid versions, where the functions of soundbar and stereo systems are combined in a single device. Such soundbar embodies left, center, and right speakers, as well as subwoofers, and rare-left and rear-right speakers. Now a days, it is getting immense popularity among individuals, due to its extremely superior attributes such as stream & connect with other portable devices like smartphones, tablets and laptops. Increasing demand for wireless streaming of audio content, rising adoption of smart devices, such as laptops & smartphones, and the introduction of newer and innovative 4K and 8K television technologies are the few factors responsible for high CAGR of the market over the forecast period. Furthermore, increase in number of advanced product launches by the market players is further contemplating the market growth over the forecast period. For instance, in January 2019, Sony Corporation has announced “360 Reality Audio” a new music capability that engages listeners in a three-dimensional sound-field powered by object-based spatial audio technology. Similarly, in October 2018, Bose Corporation has announced the launch of Home Speaker 500, Soundbar 500, 700 in India. Through this product launch, the company aims to expand its operations in India in order to generate high revenue during the fiscal year. This, in turn, is expected to accelerate the growth of soundbar market around the world. Amidst the COVID-19 crisis, the industry is presently faced significant challenges associated to ramping up manufacturing capacities, as the China is the major supplier of raw material of soundbar. Though, several countries are under lockdown as per the government order, they are not getting raw materials and even not having permission to produce, thus hampering the market growth. In addition, availability of low-priced speakers in stand-alone speakers and high cost of soundbars are some other factor limiting the market growth over the forecast period of 2020-2027.

The regional analysis of global Soundbar market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing adoption of smartphone, rising disposable income and rising trend of house parties and get–together in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the growing media consumption and presence of significant number of local industry players, especially in China and India.

Major market player included in this report are:

Bose Corporation

Edifier

Harman International Industries

LG Electronics

Panasonic Corporation

Polk Audio

Samsung

Sennheiser electronic GmbH & Co. KG

Sony Corporation

Yamaha Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Wall-Mounted

Table-Top

Others

By Installation Method:

Active Soundbars

Passive Soundbars

Others

By Connectivity:

Wi-Fi

Bluetooth

Others

By Application:

Home Audio

Commercial

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 2019

Forecast period – 2020 to 2026

Target Audience of the Global Soundbar Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Soundbar Market, by Region, 2018-2027 (USD Billion)

1.2.2. Soundbar Market, by Type, 2018-2027 (USD Billion)

1.2.3. Soundbar Market, by Installation Method, 2018-2027 (USD Billion)

1.2.4. Soundbar Market, by Connectivity, 2018-2027 (USD Billion)

1.2.5. Soundbar Market, by Application, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Soundbar Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Soundbar Market Dynamics

3.1. Soundbar Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Soundbar Market: Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Soundbar Market, by Type

5.1. Market Snapshot

5.2. Global Soundbar Market by Type, Performance - Potential Analysis

5.3. Global Soundbar Market Estimates & Forecasts by Type 2017-2027 (USD Billion)

5.4. Soundbar Market, Sub Segment Analysis

5.4.1. Wall-Mounted

5.4.2. Table-Top

5.4.3. Others

Chapter 6. Global Soundbar Market, by Installation Method

6.1. Market Snapshot

6.2. Global Soundbar Market by Installation Method, Performance - Potential Analysis

6.3. Global Soundbar Market Estimates & Forecasts by Installation Method 2017-2027 (USD Billion)

6.4. Soundbar Market, Sub Segment Analysis

6.4.1. Active Soundbars

6.4.2. Passive Soundbars

6.4.3. Others

Chapter 7. Global Soundbar Market, by Connectivity

7.1. Market Snapshot

7.2. Global Soundbar Market by Connectivity, Performance - Potential Analysis

7.3. Global Soundbar Market Estimates & Forecasts by Connectivity 2017-2027 (USD Billion)

7.4. Soundbar Market, Sub Segment Analysis

7.4.1. Wi-Fi

7.4.2. Bluetooth

7.4.3. Others

Chapter 8. Global Soundbar Market, by Application

8.1. Market Snapshot

8.2. Global Soundbar Market by Application, Performance - Potential Analysis

8.3. Global Soundbar Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

8.4. Soundbar Market, Sub Segment Analysis

8.4.1. Home Audio

8.4.2. Commercial

8.4.3. Others

Chapter 9. Global Soundbar Market, Regional Analysis

9.1. Soundbar Market, Regional Market Snapshot

9.2. North America Soundbar Market

9.2.1. U.S. Soundbar Market

9.2.1.1. Type breakdown estimates & forecasts, 2017-2027

9.2.1.2. Installation Method breakdown estimates & forecasts, 2017-2027

9.2.1.3. Connectivity breakdown estimates & forecasts, 2017-2027

9.2.1.4. Application breakdown estimates & forecasts, 2017-2027

9.2.2. Canada Soundbar Market

9.3. Europe Soundbar Market Snapshot

9.3.1. U.K. Soundbar Market

9.3.2. Germany Soundbar Market

9.3.3. Rest of Europe Soundbar Market

9.4. Asia-Pacific Soundbar Market Snapshot

9.4.1. China Soundbar Market

9.4.2. India Soundbar Market

9.4.3. Japan Soundbar Market

9.4.4. Rest of Asia Pacific Soundbar Market

9.5. Latin America Soundbar Market Snapshot

9.5.1. Brazil Soundbar Market

9.5.2. Mexico Soundbar Market

9.6. Rest of The World Soundbar Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Bose Corporation

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. Edifier

10.2.3. Harman International Industries

10.2.4. LG Electronics

10.2.5. Panasonic Corporation

10.2.6. Polk Audio

10.2.7. Samsung

10.2.8. Sennheiser electronic GmbH & Co. KG

10.2.9. Sony Corporation

10.2.10. Yamaha Corporation

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

TABLE 1. GLOBAL SOUNDBAR MARKET, REPORT SCOPE

TABLE 2. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY REGION 2017-2027 (USD BILLION)

TABLE 3. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY TYPE 2017-2027 (USD BILLION)

TABLE 4. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY INSTALLATION METHOD 2017-2027 (USD BILLION)

TABLE 5. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY CONNECTIVITY 2017-2027 (USD BILLION)

TABLE 6. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY APPLICATION 2017-2027 (USD BILLION)

TABLE 7. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 8. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 9. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 10. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 11. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 12. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 13. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 14. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 15. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 16. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 17. U.S. SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 18. U.S. SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 19. U.S. SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 20. CANADA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 21. CANADA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 22. CANADA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 23. UK SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 24. UK SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 25. UK SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 26. GERMANY SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 27. GERMANY SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 28. GERMANY SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 29. ROE SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 30. ROE SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 31. ROE SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 32. CHINA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 33. CHINA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 34. CHINA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 35. INDIA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 36. INDIA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 37. INDIA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 38. JAPAN SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 39. JAPAN SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 40. JAPAN SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 41. ROAPAC SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 42. ROAPAC SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 43. ROAPAC SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 44. BRAZIL SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 45. BRAZIL SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 46. BRAZIL SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 47. MEXICO SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 48. MEXICO SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 49. MEXICO SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 50. ROLA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 51. ROLA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 52. ROLA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 53. ROW SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 54. ROW SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 55. ROW SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 56. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL SOUNDBAR MARKET

TABLE 57. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL SOUNDBAR MARKET

TABLE 58. YEARS CONSIDERED FOR THE STUDY

TABLE 59. EXCHANGE RATES CONSIDERED

 
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