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Global Soundbar Market Size study by Type (Wall-Mounted, Table-Top, Others), by Installation Method (Active Soundbars, Passive Soundbars, Others), by Connectivity (Wi-Fi, Bluetooth, Others), by Application (Home Audio, Commercial, Others) and Regional Forecasts 2020-2027

June 2020 | 200 pages | ID: GDAC298CE355EN
Bizwit Research & Consulting LLP

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Global Soundbar Market is valued approximately at USD 5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2020-2027. A soundbar (also known as media bar) is defined as the slim unit, with a number of built-in speakers jacketed simultaneously in a particular enclosure. A soundbar comprises of a special loudspeaker that generates sound from the cabinet. It was primarily intended to enhance the sound quality of the audio tracks deprived of loads of wires. To alter its functionality, several manufacturers are designing its hybrid versions, where the functions of soundbar and stereo systems are combined in a single device. Such soundbar embodies left, center, and right speakers, as well as subwoofers, and rare-left and rear-right speakers. Now a days, it is getting immense popularity among individuals, due to its extremely superior attributes such as stream & connect with other portable devices like smartphones, tablets and laptops. Increasing demand for wireless streaming of audio content, rising adoption of smart devices, such as laptops & smartphones, and the introduction of newer and innovative 4K and 8K television technologies are the few factors responsible for high CAGR of the market over the forecast period. Furthermore, increase in number of advanced product launches by the market players is further contemplating the market growth over the forecast period. For instance, in January 2019, Sony Corporation has announced “360 Reality Audio” a new music capability that engages listeners in a three-dimensional sound-field powered by object-based spatial audio technology. Similarly, in October 2018, Bose Corporation has announced the launch of Home Speaker 500, Soundbar 500, 700 in India. Through this product launch, the company aims to expand its operations in India in order to generate high revenue during the fiscal year. This, in turn, is expected to accelerate the growth of soundbar market around the world. Amidst the COVID-19 crisis, the industry is presently faced significant challenges associated to ramping up manufacturing capacities, as the China is the major supplier of raw material of soundbar. Though, several countries are under lockdown as per the government order, they are not getting raw materials and even not having permission to produce, thus hampering the market growth. In addition, availability of low-priced speakers in stand-alone speakers and high cost of soundbars are some other factor limiting the market growth over the forecast period of 2020-2027.

The regional analysis of global Soundbar market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing adoption of smartphone, rising disposable income and rising trend of house parties and get–together in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the growing media consumption and presence of significant number of local industry players, especially in China and India.

Major market player included in this report are:
Bose Corporation
Edifier
Harman International Industries
LG Electronics
Panasonic Corporation
Polk Audio
Samsung
Sennheiser electronic GmbH & Co. KG
Sony Corporation
Yamaha Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Wall-Mounted
Table-Top
Others

By Installation Method:
Active Soundbars
Passive Soundbars
Others

By Connectivity:
Wi-Fi
Bluetooth
Others

By Application:
Home Audio
Commercial
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Soundbar Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
  1.2.1. Soundbar Market, by Region, 2018-2027 (USD Billion)
  1.2.2. Soundbar Market, by Type, 2018-2027 (USD Billion)
  1.2.3. Soundbar Market, by Installation Method, 2018-2027 (USD Billion)
  1.2.4. Soundbar Market, by Connectivity, 2018-2027 (USD Billion)
  1.2.5. Soundbar Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SOUNDBAR MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SOUNDBAR MARKET DYNAMICS

3.1. Soundbar Market Impact Analysis (2018-2027)
  3.1.1. Market Drivers
  3.1.2. Market Challenges
  3.1.3. Market Opportunities

CHAPTER 4. GLOBAL SOUNDBAR MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SOUNDBAR MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Soundbar Market by Type, Performance - Potential Analysis
5.3. Global Soundbar Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Soundbar Market, Sub Segment Analysis
  5.4.1. Wall-Mounted
  5.4.2. Table-Top
  5.4.3. Others

CHAPTER 6. GLOBAL SOUNDBAR MARKET, BY INSTALLATION METHOD

6.1. Market Snapshot
6.2. Global Soundbar Market by Installation Method, Performance - Potential Analysis
6.3. Global Soundbar Market Estimates & Forecasts by Installation Method 2017-2027 (USD Billion)
6.4. Soundbar Market, Sub Segment Analysis
  6.4.1. Active Soundbars
  6.4.2. Passive Soundbars
  6.4.3. Others

CHAPTER 7. GLOBAL SOUNDBAR MARKET, BY CONNECTIVITY

7.1. Market Snapshot
7.2. Global Soundbar Market by Connectivity, Performance - Potential Analysis
7.3. Global Soundbar Market Estimates & Forecasts by Connectivity 2017-2027 (USD Billion)
7.4. Soundbar Market, Sub Segment Analysis
  7.4.1. Wi-Fi
  7.4.2. Bluetooth
  7.4.3. Others

CHAPTER 8. GLOBAL SOUNDBAR MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Soundbar Market by Application, Performance - Potential Analysis
8.3. Global Soundbar Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
8.4. Soundbar Market, Sub Segment Analysis
  8.4.1. Home Audio
  8.4.2. Commercial
  8.4.3. Others

CHAPTER 9. GLOBAL SOUNDBAR MARKET, REGIONAL ANALYSIS

9.1. Soundbar Market, Regional Market Snapshot
9.2. North America Soundbar Market
  9.2.1. U.S. Soundbar Market
    9.2.1.1. Type breakdown estimates & forecasts, 2017-2027
    9.2.1.2. Installation Method breakdown estimates & forecasts, 2017-2027
    9.2.1.3. Connectivity breakdown estimates & forecasts, 2017-2027
    9.2.1.4. Application breakdown estimates & forecasts, 2017-2027
  9.2.2. Canada Soundbar Market
9.3. Europe Soundbar Market Snapshot
  9.3.1. U.K. Soundbar Market
  9.3.2. Germany Soundbar Market
  9.3.3. Rest of Europe Soundbar Market
9.4. Asia-Pacific Soundbar Market Snapshot
  9.4.1. China Soundbar Market
  9.4.2. India Soundbar Market
  9.4.3. Japan Soundbar Market
  9.4.4. Rest of Asia Pacific Soundbar Market
9.5. Latin America Soundbar Market Snapshot
  9.5.1. Brazil Soundbar Market
  9.5.2. Mexico Soundbar Market
9.6. Rest of The World Soundbar Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Bose Corporation
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Edifier
  10.2.3. Harman International Industries
  10.2.4. LG Electronics
  10.2.5. Panasonic Corporation
  10.2.6. Polk Audio
  10.2.7. Samsung
  10.2.8. Sennheiser electronic GmbH & Co. KG
  10.2.9. Sony Corporation
  10.2.10. Yamaha Corporation

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. GLOBAL SOUNDBAR MARKET, REPORT SCOPE
TABLE 2. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY REGION 2017-2027 (USD BILLION)
TABLE 3. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY TYPE 2017-2027 (USD BILLION)
TABLE 4. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY INSTALLATION METHOD 2017-2027 (USD BILLION)
TABLE 5. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY CONNECTIVITY 2017-2027 (USD BILLION)
TABLE 6. GLOBAL SOUNDBAR MARKET ESTIMATES & FORECASTS BY APPLICATION 2017-2027 (USD BILLION)
TABLE 7. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 8. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 9. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 10. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 11. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 12. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 13. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 14. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 15. GLOBAL SOUNDBAR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 16. GLOBAL SOUNDBAR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 17. U.S. SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 18. U.S. SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 19. U.S. SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 20. CANADA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 21. CANADA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 22. CANADA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 23. UK SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 24. UK SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 25. UK SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 26. GERMANY SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 27. GERMANY SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 28. GERMANY SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 29. ROE SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 30. ROE SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 31. ROE SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 32. CHINA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 33. CHINA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 34. CHINA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 35. INDIA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 36. INDIA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 37. INDIA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 38. JAPAN SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 39. JAPAN SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 40. JAPAN SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 41. ROAPAC SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 42. ROAPAC SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 43. ROAPAC SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 44. BRAZIL SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 45. BRAZIL SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 46. BRAZIL SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 47. MEXICO SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 48. MEXICO SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 49. MEXICO SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 50. ROLA SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 51. ROLA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 52. ROLA SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 53. ROW SOUNDBAR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 54. ROW SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 55. ROW SOUNDBAR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 56. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL SOUNDBAR MARKET
TABLE 57. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL SOUNDBAR MARKET
TABLE 58. YEARS CONSIDERED FOR THE STUDY
TABLE 59. EXCHANGE RATES CONSIDERED

LIST OF FIGURES

FIG 1. GLOBAL SOUNDBAR MARKET, RESEARCH METHODOLOGY
FIG 2. GLOBAL SOUNDBAR MARKET, MARKET ESTIMATION TECHNIQUES
FIG 3. GLOBAL MARKET SIZE ESTIMATES & FORECAST METHODS
FIG 4. GLOBAL SOUNDBAR MARKET, KEY TRENDS 2019
FIG 5. GLOBAL SOUNDBAR MARKET, GROWTH PROSPECTS 2020-2027
FIG 6. GLOBAL SOUNDBAR MARKET, PORTERS 5 FORCE MODEL
FIG 7. GLOBAL SOUNDBAR MARKET, PEST ANALYSIS
FIG 8. GLOBAL SOUNDBAR MARKET, VALUE CHAIN ANALYSIS
FIG 9. GLOBAL SOUNDBAR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 10. GLOBAL SOUNDBAR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 11. GLOBAL SOUNDBAR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 12. GLOBAL SOUNDBAR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 13. GLOBAL SOUNDBAR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 14. GLOBAL SOUNDBAR MARKET, REGIONAL SNAPSHOT 2017 & 2027
FIG 15. NORTH AMERICA SOUNDBAR MARKET 2017 & 2027 (USD BILLION)
FIG 16. EUROPE SOUNDBAR MARKET 2017 & 2027 (USD BILLION)
FIG 17. ASIA PACIFIC SOUNDBAR MARKET 2017 & 2027 (USD BILLION)
FIG 18. LATIN AMERICA SOUNDBAR MARKET 2017 & 2027 (USD BILLION)
FIG 19. GLOBAL SOUNDBAR MARKET, COMPANY MARKET SHARE ANALYSIS (2019)

COMPANIES MENTIONED

Bose Corporation
Edifier
Harman International Industries
LG Electronics
Panasonic Corporation
Polk Audio
Samsung
Sennheiser electronic GmbH & Co. KG
Sony Corporation
Yamaha Corporation


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