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Loudspeakers Market Size, Segments, Growth, Major Players, Key Drivers And Outlook By 2032
Loudspeakers Market Analysis
The Business Research Company's Loudspeakers Global Market Report 2023 identifies Increased spending on entertainment products by consumers as the major driver for the loudspeakers market's growth in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems.
The global loudspeakers market size will grow from $7.25 billion in 2022 to $7.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of loudspeakers is expected to grow to $9.35 billion in 2027 at a CAGR of 4.9%.
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Major competitors in the loudspeakers market are Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF.
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The loudspeakers market is segmented -
1) By Product: Soundbar, Subwoofers, In-wall, Outdoor
2) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted
3) By End User: Household, Commercial, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the loudspeakers market.
The Business Research Company's "Global Loudspeakers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Loudspeakers Market Include:
1. Loudspeakers Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……….
21. Key Mergers And Acquisitions In The Loudspeakers Market
22. Loudspeakers Market Opportunities And Strategies
23. Loudspeakers Market, Conclusions And Recommendations
24. Appendix
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