Dublin, July 12, 2023 (GLOBE NEWSWIRE) -- The "Waterproof Speakers : Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Waterproof Speakers Market to Reach $596.9 Million by 2030
The global market for waterproof speakers is expected to witness substantial growth in the coming years. According to recent market analysis, the market was valued at US$413.7 million in 2022 and is projected to reach a size of US$596.9 million by 2030, with a steady compound annual growth rate (CAGR) of 4.7% during the analysis period of 2022-2030.
The report highlights the Bluetooth segment as one of the key areas for growth, with an estimated CAGR of 5.5% and a projected value of US$332.2 million by the end of the analysis period. Additionally, considering the ongoing post-pandemic recovery, the Wi-Fi segment is expected to experience a readjusted CAGR of 3.7% over the next eight years.
In terms of regional markets, the United States is estimated to be a significant player, with a market size of US$118.7 million in 2022. China, the world's second-largest economy, is projected to witness robust growth with a CAGR of 7.5% during the analysis period, reaching a market size of US$114.1 million by 2030.
Other noteworthy geographic markets include Japan and Canada, each forecasted to grow at rates of 2.4% and 4.3%, respectively, over the period of 2022-2030. Within Europe, Germany is anticipated to achieve a CAGR of approximately 2.8%
Looking Ahead to 2023
Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
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 the publisher's Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 296 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $413.7 Million |
| Forecasted Market Value (USD) by 2030 | $596.9 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Waterproof Speakers - Global Key Competitors Percentage Market Share
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide
FOCUS ON SELECT PLAYERS(Total 46 Featured)
- Abco Tech
- Adesso, Inc.
- Aduro Products
- Bose Corporation
- HARMAN International
- Kohler Company
- LIXIL Group Corporation
- Logitech
- Panasonic Corporation
- Sony Corporation
For more information about this report visit https://www.researchandmarkets.com/r/1qz33b
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