North America Sub-Woofer Market Covid-19 Impact Market is estimated to grow at a CAGR of 3.8% from 2021 to 2028

The Sub-Woofer Market in North America is expected to grow from US$ 266.71 million in 2021 to US$ 346.81 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.

North America is categorized into the US, Canada, and Mexico. Over the years, North America has experienced rapid development in standard of living and increased adoption of appliances like smart TVs and speakers. According to the Smart Speaker Consumer Adoption Report 2020, 87.7 million adults across the US have recorded installing smart speakers in their homes. Additionally, the rapid rise in the population of the countries like the US and Canada is also propelling the adoption of sub-woofers, thereby contributing to the market's growth. Growth in demand in automotive industry is the major factor driving the growth of the North America sub-woofer market.

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North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. Due to the shutdown of businesses and delay in procurement activities are affecting the supply chain and significantly impacted the market. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of sub-woofer market.

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Major Key players covered in this report:

• Dynaudio A/S
• Harman International
• JVC Kenwood Holdings Inc.
• K-Array
• Klipsch Group Inc.
• LW Speakers Professional Sound Systems
• Paradigm Electronics Inc.
• Sony Corporation
• SV Sound

NORTH AMERICA SUB-WOOFER MARKET SEGMENTATION

North America Sub-Woofer Market, by Application

• Car Audio
• Home Audio
• Cinema Sound
• Sound Reinforcement
• Others

North America Sub-Woofer Market, by End-User

• Residential
• Commercial

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The COVID-19 crisis has drastically upended operations across the value chain, from supplier networks to the customer delivery experience. The region has presence of several electronic component manufacturers, who cater advanced and innovative components for building sub-woofer. In addition, with the rising demand of entertainment at home due to shutdown of cinema halls and theater has fostered the demand for sub-woofer across the region. However, partial restriction on cargo and transport at the beginning of the pandemic resulted in disruptions in the supply chain of raw materials. The COVID-19 outbreak has severely affected these companies in production activities as well as supplying their products to their clients. However, in the coming years, the sub-woofer market is expected to foresee significant growth opportunities owing to the rising demand for home theatre based sub-woofer the region. Thus, the overall impact of COVID-19 on the North American region is moderate.

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