Global Portable Bluetooth Speakers Market, By Charging Technology (AC-Only, AC/DC, DC-Only), Usage Type (Bluetooth Car Speaker, Indoor/Outdoor Bluetooth Speaker, Others), Price Range (Premium, Mid-Range, Low Range), Application (Offices, Homes, Educational, Retail, Leisure, Institutions, Others), Sales Channel (Organized Retail Stores, Unorganized Retail Stores, Online/e-Commerce), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Portable Bluetooth Speakers Market
The portable bluetooth speakers market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 12.4% in the above-mentioned forecast period.
The portable bluetooth speakers basically refers to the speakers that receive audio signals using radio frequency waves rather than over audio cables and are easy to carry. They are generally paired (pre-associated) with one or more smartphones, tablets, iPods or computers
The rising penetration of Wi-Fi-based networks and the increasing proliferation of connected devices are the major factors fostering the market's growth in the forecast period of 2022 to 2029. Moreover, the factors such as speakers' ability to provide wireless connectivity are also projected to bolster the market’s growth within the forecasted period. In addition to this, the increasing demand for sophisticated speakers is encouraged by the enhanced video quality also accelerates the demand for portable bluetooth speakers growth in the forecast period of 2022 to 2029. Moreover, the changing consumer lifestyle and need for entertainment which and rapidly growing e-commerce industry across the globe is further expected to boost the growth of the market within the above-mentioned forecast period. Moreover, the availability of counterfeit speakers and the low battery life of connecting devices are also projected to hamper the market’s growth within the forecasted period.
Furthermore, the advancement in audio technology and the innovative product launches by numerous market players all over the globe generate growth opportunities in the long run. On the flip side, the residential users are limited in terms of compatibility and loud music may be unpleasant and disturbing to neighbors, which pose a challenge for the market growth in the forecast period of 2022 to 2029.
This portable bluetooth speakers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on portable bluetooth speakers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Portable Bluetooth Speakers Market Scope and Market Size
The portable bluetooth speakers market is segmented on the basis of charging technology, usage type, price range, application and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of charging technology, the portable bluetooth speakers market is segmented into AC-only, AC/DC and DC-only.
- On the basis of usage type, the portable bluetooth speakers market is segmented into bluetooth car speaker, indoor/outdoor bluetooth speaker and others.
- On the basis of price range, the portable bluetooth speakers market is segmented into premium, mid-range and low range.
- On the basis of application, the portable bluetooth speakers market is segmented into offices, homes, educational, retail, leisure, institutions, and other.
- On the basis of sales channel, the portable bluetooth speakers market is segmented into organized retail stores, unorganized retail stores and online/e-commerce.
Portable Bluetooth Speakers Market Country Level Analysis
The portable bluetooth speakers market is analyzed and market size insights and trends are provided by charging technology, usage type, price range, application and sales channel as referenced above.
The countries covered in the portable bluetooth speakers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the portable bluetooth speakers market owing to the new technological developments and growing adoption of the latest technology based bluetooth speakers within the region in the forecast period of 2022 to 2029. On the other hand, Asia-Pacific region is expected to score the highest CAGR owing to the increasing demand for infotainment offerings and shifting preference toward technology-led premium products in emerging countries, such as India and China within the above-mentioned forecast period.
The country section of the portable bluetooth speakers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Portable Bluetooth Speakers Market Share Analysis
The portable bluetooth speakers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to portable bluetooth speakers market.
Some of the major players operating in the portable bluetooth speakers market report are Apple Inc., Sony Corporation, TOSHIBA CORPORATION, Sennheiser electronic GmbH & Co. KG, Bose Corporation, SAMSUNG, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Audio-Technica Australia., Skullcandy.eu, GN Store Nord A/S, HARMAN International., HIFIMAN Corporation, Hooke Audio., LG Electronics., Motorola Mobility LLC., Bowers & Wilkins, Aliph Brands LLC and Portronics among others.
Recent Developments
- On March 2021, Sonos partners with Audi on the in-car hi-fi. Sonos unveiled the Sonos Roam, the company's first fully portable Bluetooth speaker that can also function as a full-fledged member of a Sonos system when connected to a home Wi-Fi network.
- On October 2020, SYNNEX Corporation recently announced a strategic partnership with Bose Professional to offer the Bose Work suite of products. This agreement provides their customer base with a new, exceptionally engineered product line from an industry-leading brand at a critical time.
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