Press release
Portable Bluetooth Speakers Market Sales to Top US$ 8.5 Bn with CAGR of 9.9% by 2025
Portable Bluetooth Speakers Market 2022
global portable Bluetooth speaker market is estimated to be valued at over US$ 4,000 Mn in 2017 and is projected to reach nearly US$ 8,530 Mn by 2025 end.By the end of 2025, the global portable Bluetooth speakers market is anticipated to bring in more than US$ 8.5 Bn in revenues, registering a value CAGR of 9.9%.
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Handiness of speakers is a top buying criteria among consumers from around the world, especially in countries such as Brazil and Mexico. A latest study published by Persistence Market Research cites that high-on-convenience factor is driving the sales of portable Bluetooth speakers in Latin America. Portable Bluetooth speakers are suitable for outdoor use, making them a hit among outdoorsy Latin Americans. Proliferation of wireless technologies, coupled with increasing penetration of smartphones & other smart devices, in Latin America is also expected to drive the demand for portable Bluetooth speakers. Through 2027, sales of portable Bluetooth speakers in Latin America are expected to soar rapidly, recording revenue growth at a speedy CAGR of 10.4%.
The report predicts that Latin America will be fastest-growing region in the global market for portable Bluetooth speakers. In 2017, the global portable Bluetooth speakers market is pegged to reach an estimated US$ 4 Bn value. Changing taste of music listeners will play a pivotal role in boosting the sales of portable Bluetooth speakers across the globe.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Beats Electronics, Bose Corporation, Harman International Industries, Yamaha Corporation, Sony Corporation, JVCKENWOOD Corporation, Logitech International S.A, LG Electronics Inc., Samsung Electronics, Panasonic Corporation and Sound United. Other participants in the global portable Bluetooth speakers market are Plantronics Inc., Pioneer Corporation, Altec Lansing, Intex Technologies and Braven LC and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Portable Bluetooth Speakers.
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Factors Influencing the Sales of Portable Bluetooth Speakers
The report has assessed multiple indicators slated to impact the market's growth in the years to come. Among these, following factors are expected to have greater impact on global sales of portable Bluetooth speakers:
Vast subscriber base for cloud-hosted music streaming services
Rising presence of wireless broadcast & streaming services
Increasing disposable incomes of consumers, particularly among young and urban demographics
Compatibility of portable Bluetooth speakers in connecting with multiple smart devices, (in some instances, simultaneously)
Advancements in audio technology, and popularity of devices such as wireless headphones, dual-tone microphones, and sound bars
The report has projected that demand for portable Bluetooth speakers in premium price range is gaining traction, particularly due to product credibility associated with premium speaker brands. In 2017, majority of portable Bluetooth speakers were used for outdoor and indoor purposes, revenues from which accounted for nearly 50% share on global market.
High demand for portable Bluetooth speakers among car users is also expected to drive the market's growth in the long run. The report also projects that organized retail stores will be largest sales channel for portable Bluetooth speakers, accounting for more than 40% revenue share. However, steadfast emergence & penetration of e-commerce will render a boost in online sales of portable Bluetooth speakers through 2027.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Portable Bluetooth Speakers Market Manufacturers
Portable Bluetooth Speakers Market Distributors/Traders/Wholesalers
Portable Bluetooth Speakers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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