openPR Logo
Press release

Soundbar Market to accelerate at 7% CAGR, USD 7871.5 Mn incremental growth expected during the forecast period | ZMR

03-15-2023 07:42 AM CET | Fashion, Lifestyle, Trends

Press release from: Zion Market Research

Global Soundbar Market

Global Soundbar Market

The Global Soundbar market size accounted for USD 4459.5 Million in 2020 and is expected to reach USD 7871.5 Million by 2028, growing at a CAGR of around 7% between 2021 and 2028. Increasing use of smart homes and linked devices, increased demand for high-quality audio systems, and developments in wireless audio technology all contribute to the market's expansion. Moreover, the surge in popularity of streaming services like Netflix, Amazon Prime, and Hulu, which offer high-quality audio content, is also anticipated to increase demand for soundbars.

Access Full Report here : https://www.zionmarketresearch.com/report/soundbar-market

The global soundbar market was mainly driven by strong demand from emerging markets like China and Japan owing to the decline in the cost of staples associated with the soundbar. Another major factor is that the advancing technologies and government policies to uphold the expansion of the industry. because of the rapid development of the downstream market, the soundbar industry is additionally during a substantial increase in upgrading technology. However, the structure i.e. size and width of the soundbar may require space enough space to be placed. This might limit the demand for the soundbar market. Furthermore, new technology and trends are likely to supply numerous opportunities in untapped emerging economies.

COVID-19 Impact Analysis

The COVID-19 outbreak has hit many commercial platforms hard which could stall development in emerging markets. As a result, various industries have fallen sharply, which has prompted to chop capacity. Many are closed by governments to contain the spread of the virus. The result's a pointy fall in revenues of the sound bar market. Given the importance to all to the economic development of cities, countries, and regions, the broader impact of COVID-19 on the worldwide economy is enormous.

Soundbar Market: Growth Drivers

New product launches and technological advancements are anticipated to possess a positive influence on regional demand. Advanced technologies, like Bluetooth, Wi-Fi, and voice assistant systems, integrated into the audio device help users in providing a hands-free, improved viewing & audio experience. Consumers are preferring high-quality audio experiences. The supply of high-speed internet is supporting the graceful streaming of audio & video content and propelling the soundbar market demand.

Thus, increasing demand from the consumer's side is the key factor pouring the expansion of this market. A soundbar also called a speaker bar, is a special speaker with multiple drivers, which is much wider than it is tall and is always put on a computer monitor or under a television or home theater screen. It can significantly improve the sound experience of consumers, without complex matters of surround sound speakers, wiring, etc. for the whole family theatre.

Contributors to Soundbar Market

The Soundbar industry has exploded in recent years and shows no signs of slowing down. As a result, the industry has become extremely competitive. Here are some of the game's top global players who are benefiting from the surge in popularity:

• Samsung
• Vizio
• Yamaha
• Sony
• LG
• Philips
• Panasonic
• Sharp
• Bose
• Polk Audio
• Harman
• JVC

Analysis of segmentation

The Soundbar market is typically divided into many divisions. According to Zion Market Research, the on-demand delivery model sector will account for more than 76 percent of global sales in 2021. The following are the primary components that are examined for potential growth:

Market, By Product

● Version 2
● Version 2.1
● Version 5.1
● Other Version

Market, By Application

● Music Players
● TV Sets
● Computer Systems
● Others

Read more at: https://www.zionmarketresearch.com/news/global-soundbar-market

Regional Analysis Preview

Regionally, North America has been leading the worldwide Soundbar market and is anticipated to continue in the dominant position in the years to come. This region stood around 35% shares of the global market. In addition, the Asia Pacific and Europe region follow North America share by slight differences. Asia-Pacific is the fastest-growing market for soundbars. China exhibits a significant share in 2019 and is also expected to perpetual market within the forecast period. Moreover, Latin America and the Middle East & Africa are expected to have significant growth during the years to come.

Read Our Other Reports :

https://pastelink.net/33vc2x4l

https://pastelink.net/sfr5aup0

https://pastelink.net/801n2erh

https://pastelink.net/khqbzq6y

https://pastelink.net/kqwakmc2

https://pastelink.net/809c4ddh

https://pastelink.net/r0fwt1ef

https://pastelink.net/pzfqhsav

https://pastelink.net/g4ltz6s9

https://pastelink.net/1jpnpoqv

About Us :

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog : https://zmrblog.com/

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Soundbar Market to accelerate at 7% CAGR, USD 7871.5 Mn incremental growth expected during the forecast period | ZMR here

News-ID: 2975488 • Views: 225

More Releases from Zion Market Research

Malt Beverage Market Size, Forecast: Growth, Trends, and Future Opportunities
Malt Beverage Market Overview According to the Report, "The global market for malt beverages was valued at USD 36,300,000,000 in 2020 and is projected to reach USD 12,400,000,000,000 by 2028, expanding at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028." The report by Zion Market Research is intended to offer a detailed study of the Malt Beverage Market Size, and put forth CAGR% (compound annual growth rate) and
Key Players and Competitive Landscape of Charcot-Marie-Tooth Disease Type I Mark …
The Scope of the Report Zion Market Research recently released a study on Charcot-Marie-Tooth Disease Type I Market Size that includes a detailed analysis of major rivals, global revenue, key industry drivers, and market segments, with their market shares. The report also carefully crafts the major areas and their countries to forecast regional and worldwide income. The impact of Covid-19 on the worldwide Charcot-Marie-Tooth Disease Type I Market was also discussed
Magnesium Carbonate Market Size: Overview and Trends
Report Summary: Magnesium Carbonate Market According to the Report, The global market for magnesium carbonate is expected to expand at a compound annual growth rate (CAGR) of 0.033 percent between the years 2020 and 2026. In 2019, the market brought in revenues of nearly 70 (USD Million), and it is anticipated that it will bring in earnings of 74.22 (USD Million) by 2026. In this first section, the Magnesium Carbonate Market
Composite Cans Market Size, Segmentation: Types, Applications, and Regions
Global Composite Cans Market Size The latest Report Available at Zion Market Research, "Composite Cans Market Segmentation: Types, Applications, and Regions" provides a pin-point analysis of changing competitive dynamics and a forward-looking perspective on different factors driving or restraining industry growth. This report offers a thorough study of Composite Cans Market Size by evaluating altering aggressive components of the global market. It assists in knowing the major product segments and their

All 5 Releases


More Releases for Soundbar

Global Soundbar Industry Report Top 5 Players
Stratistics MRCs 2021 Soundbar Market Report Key players include - Bose Corporation, Sonos Inc, Panasonic Corporation, Samsung Electronics Co Ltd, LG Electronics Inc. Soundbars are audio devices that can project sound from a wider enclosure. They are also known as media bars, and are generally mounted underneath or above a display device. It helps in enhancing the sound experience of consumers. Browse complete "Soundbar Market" report with TOC @ https://www.strategymrc.com/report/soundbar-market Based on the
2021 Soundbar Industry Global Analysis Report
Stratistics MRC 2021 Soundbar Market report is Soundbars are audio devices that can project sound from a wider enclosure. Soundbars are audio devices that can project sound from a wider enclosure. They are also known as media bars, and are generally mounted underneath or above a display device. It helps in enhancing the sound experience of consumers. Browse complete "Soundbar Market" report with TOC @ https://www.strategymrc.com/report/soundbar-market Based on the connectivity, the bluetooth
2028 Soundbar Industry Report Growth Forecasts
Stratistics MRC's Global Soundbar Market value expected to reach $7.94 billion growing at a CAGR of 5.5% during 2020-2028. Soundbars are audio devices that can project sound from a wider enclosure. They are also known as media bars, and are generally mounted underneath or above a display device. It helps in enhancing the sound experience of consumers. Browse complete "Soundbar Market" report with TOC @ https://www.strategymrc.com/report/soundbar-market Based on the connectivity, the bluetooth segment
Global Soundbar Market To Garner Immense Returns Over 2020-2026
The comprehensive research report titled “Global Soundbar Market To Garner Immense Returns Over 2020-2026” by Zion Market Research supports the reader by assisting to accumulate all possible strategies based on valuable insights in order to maintain the correct tempo with the changing dynamics of the market in the present as well as few years down the line. Global Soundbar Market research report focuses on several trends, drivers, restraints and opportunities across
Global Soundbar Market Growth 2019-2024
A soundbar, also called a speakerbar, is a special speaker with multiple drivers, which is much wider than it is tall, and always put above a computer monitor or under a television or home theater screen. It can significantly improve the sound experience of consumers, without complex matters of surround sound speakers, wiring, etc. for whole family Theatre. According to QYResearch, the global Soundbar market will grow 3 percent to $3.03
Global Soundbar Market Growth 2019-2024
A soundbar, also called a speakerbar, is a special speaker with multiple drivers, which is much wider than it is tall, and always put above a computer monitor or under a television or home theater screen. It can significantly improve the sound experience of consumers, without complex matters of surround sound speakers, wiring, etc. for whole family Theatre. According to QYResearch, the global Soundbar market will grow 3 percent to $3.03