Global Loudspeakers Strategic Business Report 2023: Rise in Live Music Concerts and Events Drive Demand for High Quality Loud Speakers

Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Loudspeakers: Global Strategic Business Report" report has been added to's offering.

The global market for Loudspeakers estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$12.3 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.

Soundbars, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$4.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Satellite/Subwoofer Speakers segment is readjusted to a revised 5.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 6.9% CAGR

The Loudspeakers market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 4.5% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2030.

Select Competitors (Total 306 Featured) -

  • Altec Lansing, LLC
  • Amaoto Industrial Co., Ltd.
  • B&W Group Ltd.
  • Bang & Olufsen
  • Bose Corporation
  • Boston Acoustics, Inc.
  • Cambridge SoundWorks
  • Creative Technology Ltd.
  • DEI Holdings Inc.
  • DEI Holdings Inc.
  • Focus Audio, Inc.
  • German Physiks
  • Harbeth Audio Ltd.
  • Harman International Industries, Inc.
  • Jean-Marie Reynaud
  • Klipsch Group, Inc.
  • Nortek Inc.
  • Polk Audio
  • QLN AB
  • Sammi Sound Tech Co Ltd.
  • Sonance, Inc.
  • Sonos. Inc.
  • SpeakerCraft, Inc.
  • Velodyne Acoustics, Inc.
  • VOXX International Corporation
  • Yamaha Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages520
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$8 Billion
Forecasted Market Value (USD) by 2030$12.3 Billion
Compound Annual Growth Rate5.5%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Loudspeakers: An Introduction
  • Market Outlook
  • Regional Market Analysis
  • Digital Boom and Growth in Music Streaming Drives Demand for Wireless Speakers
  • Increasing Consumer Preference for Music Streaming Drives Demand for Multi-Room Wireless Speakers for Streaming Music from Cloud Servers: Global Number of Music Streaming Subscribers (In Million) for the Years 2010, 2015, 2017, 2019, 2021 & 2023
  • Rise in Home Entertainment Spending Drives Opportunities
  • Global Number of SVoD Subscribers (In Million): 2015-2024
  • Competition
  • Loudspeakers Competitor Market Share Scenario Worldwide (in %): 2019
  • Soundbars (Product Segment) Global Competitor Market Share Positioning for 2019
  • Recent Market Activity
  • Loudspeakers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Loudspeakers Competitor Market Share Scenario Worldwide (in %): 2018 & 2025
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Rise in Live Music Concerts and Events Drive Demand for high Quality Loud Speakers
  • Global Live Music Concert Sales in US$ Billion: 2015-2025
  • Increasing Use of High-Quality Surround Sound Systems in Movie Theaters
  • Growing Population of Music Listeners & Rise of Mass-Market Audiophiles Augments Business Prospects
  • Wider Availability of High-Speed Internet Amplifies Music Listener Numbers
  • Global Internet User Penetration Rate (in %) for the Years 2014, 2016, 2018, 2020, 2022 and 2024
  • Worldwide Mobile Data Traffic by Application (2009, 2017 & 2022): Percentage Breakdown of Monthly Data Traffic Volume for Video, Audio and Others
  • Connectivity: A Critical Feature for Modern Speakers
  • Technology Advancements Drive Significant Improvements in Speaker Systems
  • Consistent Advancements in Components Helps Improve Sound Systems
  • Researchers Develop Nanoscale Skin-Attachable Loudspeakers & Microphones for Audio Output
  • AI-enabled Speakers and Use of Digital Assistants in Speaker Systems Continue to Grow in Popularity
  • Development of Micro & Small Speakers and Innovative Designs to Produce High Sound from Tiny Devices
  • Focus on High Quality Music and MQA Technology Drives Demand for Quality Systems
  • Sleek, Unobtrusive, Visually Appealing Designs Gain Traction
  • Omnidirectional Speakers Grow in Prominence
  • Growing Focus on Environmental Stewardship Among Consumers Drives Interest in Eco-Friendly Green Speakers
  • HVT Technology Gains Attention
  • Despite the Advent of Smaller and Lighter Speakers, Bulkier and Larger Speakers Benefit from Better Performance Capabilities
  • Satellite/Subwoofer Speakers: A Key Beneficiary of At-Home Entertainment
  • Growing Popularity of Assembled Speakers Drives Demand for Standalone Subwoofers
  • In-Wall Speakers Gain Consumer Interest
  • Rise in Outdoor Living Trend Augurs Well for Outdoor Speakers
  • Soundbars: A Growing Threat to Traditional Loudspeakers
  • New Soundbars Set to Redefine User Listening Experience
  • Rise in Penetration of Thin, Flat Panel TVs Fuels Demand for Soundbars
  • Global Sales of Flat TVs (In Million Units) for the Years 2010, 2015 , 2020 & 2025
  • Increased Preference for Media Consumption on Smartphone Devices Drive Demand for Docking Speakers
  • Growing Use of Smartphones for Music Listening to Benefit Demand for Docking Speakers: Use of Smartphones for Music Listening Presented as a % of Total Music Listeners in Select Countries Worldwide for the Year 2019
  • Continued Strong Growth in Smartphone Sales Expands the Addressable Market Opportunity for Docking Speakers: Global Sales of Smartphones (In Million Units) by Region for the Years 2019, 2020, and 2021
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • Rapid Growth in Urban Households
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Growing Affluence of Middle Class Consumer Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Rising Living Standards
  • Advent of E-commerce Boosts Sales of Loudspeakers
  • Penetration of e-Commerce in the US: e-Commerce Sales as % of Total Retail Sales for the Years 2010, 2012, 2014, 2016 and 2018
  • Resolving Prevailing Issues: Critical for Future Success of the Market
  • Counterfeit Products
  • Prevalence of Unorganized Players
  • Declining Margins
  • Established Role of Headphones: Major Market Deterrent
  • Loudspeaker: A Technical Exposition
  • Loudspeakers: A Technical Preview
  • A Peek Into Technology Lifecycle of Loudspeakers
  • Types of Loudspeakers




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Global Market for Loudspeakers

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