Global Portable Speakers Market, By Technology (AC Only, DC Only, AC/DC, Wireless Charging), Application (Offices, Retail, Educational Institutions, Leisure, Other), Distribution Chanel (Online, Offline), End User (Residential, Commercial), 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 2027
Portable speakers market will reach at a growth rate of 11.20% in the forecast period of 2020 to 2027. Less consumption of power by speakers integrated with bluetooth feature is also driving the growth of the portable speakers market.
Speakers are audio devices having internal amplifiers, which helps to increase the volume of sound. As these devices receive audio input and produce audio output in form of sound waves. Portable speakers are audio speakers which work on batteries and can be easily carried by user, as they are wire and wireless. Portable Bluetooth speakers are speakers with Bluetooth wireless connectivity and can be paired with some other device such as mobiles and computer.
Rising requirement of mobility, development in global population, increasing demand for infotainment offerings and improved technologies are some growth factors of the market. Speaker’s models are integrated with AA batteries which consumes less power, as lower consumption of power indicates that less damage is put on a battery. Development of rising user awareness, wireless technology and increasing penetration of handset has driven the growth of Bluetooth audio devices. These gadgets are used in automobile segment because they offer drivers of the car as an alternative to play music and take calls at the same time. As these factors drive the growth and create growth opportunity for the portable speakers market in the forecast period of 2020-2027.
High cost of maintenance will act as a restrain, and further challenge the growth of the portable speakers market in the forecast period mentioned above.
This portable 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 localised 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, geographical expansions, technological innovations in the market. To gain more info on portable 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 Speakers Market Scope and Market Size
Portable speakers market is segmented on the basis of technology, application, distribution channel and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of technology, the portable speakers market is segmented into AC Only, DC Only, AC/DC, wireless charging.
- On the basis of application, the portable speakers market is segmented into offices, retail, educational institutions, leisure and other.
- On the basis of distribution channel, the portable speakers market is segmented into online and offline.
- Based on end user, the portable speakers market is segmented into residential and commercial.
Portable Speakers Market Country Level Analysis
Portable speakers market is analysed and market size, volume information is provided by country, technology, application, distribution channel and end user as referenced above.
The countries covered in the portable speakers market report are 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.
North America is do minating the portable speakers market due to the largest markets in the music industry, as shifting trend towards online communication and digital media is expected to open avenues for music industry professionals.
The country section of the portable 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 Speakers Market Share Analysis
Portable 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 speakers market.
The major players covered in the portable speakers market report are Apple Inc., SONY INDIA., Sennheiser electronic GmbH & Co. KG, Bose Corporation, SAMSUNG, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Audio-Technica U.S., Inc., Skullcandy, Inc., GN Audio A/S, Harman International Industries, Incorporated., HIFIMAN Corporation, Audio-Technica, Hooke Audio., LG Electronics., Motorola Mobility LLC., Bowers & Wilkins, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Portable Speakers Market
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