Global loudspeakers market overview

There are a wide range of loudspeakers available in the market today with different sizes and designs that consume lesser space in comparison to home theaters. Importantly. the provision to stream audio contents wirelessly is propelling the sales of wireless outdoor load speakers across the world. Since most of the portable devices such as laptops, smartphones, and tablets come with Wi-Fi and Bluetooth connectivity, which helps them stream contents wirelessly. This ability of the outdoor loudspeakers to stream audio contents with ease will significantly fuel the loudspeakers market growth in the next few years.

Technavio’s market research report predicts that the global loud speakers market size and share will grow steadily and post a CAGR of above 7% during the forecast period. The wireless streaming of audio contents is undoubtedly one of the primary drivers for market growth. In terms of geography, countries in the Americas contributed the most to the global loud speakers market growth during 2016 and is anticipated to continue its dominion during the forecast period. Factors such as the high adoption of consumer electronics, the rising number of music concerts in countries such as Brazil and Mexico, and the need for high-quality sound systems in movie theaters, will drive the loudspeakers market growth in this region.

Competitive analysis and key vendors

The global loud speakers market is largely competitive and consists of several vendors who compete based on factors such as features, sound quality, technology, size, and product pricing. According to the loud speakers market share analysis research report, intense competition, changing consumer spending pattern, demographic trends, and frequent changes in consumer preferences pose as significant risk factors for vendor growth. To gain a competitive edge in the market, vendors have the need to develop innovative technologies and stay updated with the emerging technologies that could influence their product lines.

Key vendors in the market are:

• Bose
• DEI Holdings
• HARMAN International
• VOXX international
• Yamaha

Other prominent vendors include Atlantic Technology, Bowers & Wilkins, Cambridge SoundWorks, Electro-Voice, JBL, KEF, Koninklijke Philips, Logitech, Panasonic, Pioneer, Pyle, RCF, Sennheiser Electronic, and Shure.

Segmentation by location and the load speakers market analysis

• In-wall speakers
• Outdoor speakers

During 2016, the outdoor loud speakers market segmentation contributed the majority of shares toward the market and is expected to continue its dominance over the next four years, as per the loudspeakers market statistic report. The main contributor to the growth of the segment will be the rising number of live concerts and outdoor events.  Moreover, outdoor speakers are also gaining increased popularity since they have batteries installed instead of wires and provides users the flexibility to use speakers without any restrictions.

Segmentation by type and the load speakers market analysis

• Mid-range
• High-frequency horns
• Subwoofer speakers

As per this loud speakers market forecast research report, the subwoofer speakers segment accounted for the highest market share during 2016 and is foreseen to grow higher over the next four years. The rising demand for high-quality music, especially in outdoor events such as concerts and show, will be the major factor that will positively influence the loud speakers market size in this segment.

Key questions answered in the report include

• What will the loudspeakers market size and the growth rate be in 2021?
• What are the key factors driving the global load speakers market?
• What are the key loudspeakers market trends impacting the growth?
• What are the challenges to the loudspeakers market growth?
• Who are the key vendors in the global load speakers market?
• What are the market opportunities and threats faced by the vendors in the global load speakers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global load speakers market?

Technavio also offers customization on reports based on specific client requirement.