Bluetooth Speaker Market Economic Forecasts: Industry Outlook, Size, And Growth Forecast 2030

Published: 2024-09-17
Views: 108
Author: nandini123
Published in: General

Bluetooth Speaker Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Bluetooth Speaker Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Bluetooth Speaker market, with forecasts outspreading to the year 2030.

Projected Growth Trajectory for Bluetooth Speaker Market:

The size of the global market for Bluetooth speakers was estimated at USD 14.01 billion in 2023. From 2024 to 2030, the market is predicted to develop at a compound annual growth rate (CAGR) of 19%, reaching a total revenue of roughly USD 47.37 billion.

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Bluetooth Speaker Market Scope and Methodology:

The Bluetooth Speaker market research offers in-depth details on important factors, such as those anticipated to fuel the industry's expansion and impending challenges. Stakeholders will have a solid understanding of the industry's competitive landscape, the products pushed by well-known brands, and the investment potential in the Bluetooth Speaker market. Both the qualitative and quantitative aspects of the industry are covered in the study. The MMR investigation's purview includes a thorough analysis of the competition for the Bluetooth Speaker Market.

Many additional requirements, each with a detailed reason, are included in the study. In order to build the Bluetooth Speaker Market, a wide range of primary and secondary sources of information were taken into consideration, including government documents, websites, yearly reports, and expert and professional opinions.

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Bluetooth Speaker Market Regional Insights:

The market size, growth rate, import and export by region, and other relevant statistics are all thoroughly analyzed in this study. The regional analysis of the research makes it easy to understand the Bluetooth Speaker market situations in different countries. The markets in Latin America, Africa, Asia Pacific, North America, and the Middle East make up the Bluetooth Speaker market.

Bluetooth Speaker Market Segmentation:

by Type

Portable
Fixed

There are two sub-sectors in the market: portable and fixed. Because they are lightweight and portable, portable Bluetooth speakers are expected to grow at a significant rate of growth over the course of the forecast period, gaining traction in the Bluetooth speaker market. These gadgets are more widely accepted in the home Bluetooth speaker market since they can be easily set up with tablets or smartphones. Fixed Bluetooth speakers are bulky and difficult to carry about without batteries. They have a permanent installation in the house. These versions restrict the equipment's mobility, which in turn limits the equipment's market expansion. Due to ongoing developments, professionals are concentrating more and more on the launch of products that prioritize compactness above inconvenience.

by Wattage

Low (1 to 10 W)
Medium (10 to 30 W)
High( 30 to 100 W)
Very High (100 W)

by Distribution Channel

Online
Offline

Online and offline are the markets. With a revenue of USD 744.8 million, the offline channels sector led the global Bluetooth speaker market. Offline channels provide consumers a thorough understanding of the technology within the product and allow them to interact with it directly. For ease of access and convenience, companies like IKEA, Xiaomi Corp., Marshall Amplification PLC, and Apple Inc. own retail stores throughout all regions. The fastest CAGR for online channels is predicted to be 11.9% between 2024 and 2030. The growing population and rising smartphone adoption are blamed for this surge. The United States and the United Kingdom, two technologically advanced nations, are major contributors to the segment's growth.

by End-User

Residential
Commercial

The residential and commercial markets are divided into segments. Throughout the forecast period, the residential sector is anticipated to hold the greatest share of the Bluetooth speaker market, having dominated the market in 2023. With the growing popularity of smart homes and home theater systems, portable Bluetooth speakers are also becoming more and more common. The shifting lives of consumers are driving this sector. With the rise in home entertainment systems, Bluetooth speaker manufacturers are concentrating on ongoing research and development as well as new product launches to gain a competitive advantage. For instance, in March 2019, Harman International Industries, Inc. introduced the JBL GO+ Bluetooth speaker, which comes equipped with extra features including a conference call speakerphone that cancels out noise.

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Bluetooth Speaker Market Key Players:

1. Beats Electronics: California, USA
2. Bose: Massachusetts, USA
3. Harman: Connecticut, USA
4. Samsung: Seoul, South Korea
5. Sony: Minato, Tokyo, Japan
6. Altec Lansing: New York, USA
7. Braven: Salt Lake City, Utah, USA
8. Cambridge SoundWorks: Boston, Massachusetts, USA
9. Creative Technology: Singapore
10. Denon Electronics: New Jersey, USA
11.Jawbone: San Francisco, California, USA
12. JBL: Los Angeles, California, USA
13. JVC Kenwood: Kanagawa, Japan
14. LG Electronics: Seoul, South Korea
15. Logitech International: Lausanne, Switzerland
16. Panasonic: Kadoma, Osaka, Japan
17. Koninklijke Philips: Amsterdam, Netherlands
18. Pioneer: Kawasaki, Kanagawa, Japan
19. Plantronics: Santa Cruz, California, USA
20. Sennheiser: Lower Saxony, Germany
21. Shure: Niles, Illinois, USA
22. Sonos: Santa Barbara, California, USA
23. Supersonic: Commerce, California, USA
24. Yamaha: Hamamatsu, Japan

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Key questions answered in the Bluetooth Speaker Market are:

• What is Bluetooth Speaker?
• What was the Bluetooth Speaker market size in 2023?
• What is the growth rate of the Bluetooth Speaker Market?
• Which are the factors expected to drive the Bluetooth Speaker market growth?
• What is the CAGR at which the Bluetooth Speaker market will grow during the forecast period?
• What are the different segments of the Bluetooth Speaker Market?
• Which is the fastest growing region in the Bluetooth Speakermarket?
• What growth strategies are the players considering to increase their presence in Bluetooth Speaker?
• What are the upcoming opportunities and trends for the Bluetooth Speaker Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Bluetooth Speaker Market?
• Who are the leading companies and what are their portfolios in Bluetooth Speaker Market?
• What segments are covered in the Bluetooth Speaker Market?
• Who are the key players in the Bluetooth Speaker market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

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