Dublin, August 29, 2024 (GLOBE NEWSWIRE) — The report “Portable Bluetooth Speaker – Global Strategic Business Report” has been added to The Offer.
The global Portable Bluetooth Speakers market was valued at USD 6.2 billion in 2023 and is expected to reach USD 10.9 billion by 2030, growing at a CAGR of 8.3% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.
Reporting features:
- Comprehensive market data: Independent analysis of annual sales and market forecasts in million US dollars from 2023 to 2030.
- Detailed regional analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, the Middle East and Africa.
- Company profiles: Coverage of major players such as Altec Lansing, Avnera Corporation, Beats Electronics and more.
- Free updates: Get free report updates for one year to stay informed of the latest market developments.
The growth in the portable Bluetooth speakers market is driven by several factors. The increasing demand for wireless audio solutions and the growing popularity of streaming services are major drivers that are increasing the adoption of Bluetooth speakers among music and audio enthusiasts. Technological advancements that improve the sound quality, connectivity, and battery life of portable speakers are also driving the market growth. The increasing trend of outdoor activities and social gatherings is driving the demand for durable and portable audio solutions.
Furthermore, the proliferation of smart home devices and the integration of voice assistants in Bluetooth speakers further contribute to the market growth. The development of eco-friendly and energy-efficient models attracts environmentally conscious consumers and further increases the market demand. These factors, coupled with the increasing availability of innovative and affordable products, are driving the continued growth of the portable Bluetooth speakers market.
Key findings:
- Market growth: Understand the significant growth curve of Bluetooth car speakers segment which is expected to reach USD 4.9 billion by 2030 at a CAGR of 9.1%. The Bluetooth outdoor speakers segment is also expected to grow at a CAGR of 7.9% during the analysis period.
- Regional analysis: Gain insights into the US market, which is estimated to reach $1.6 billion in 2023, and China, which is forecast to grow at an impressive average of 11.1% per year to reach $2.4 billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.
Why you should buy this report:
- Detailed market analysis: Get access to a comprehensive analysis of the global portable Bluetooth speakers market, covering all major geographic regions and market segments.
- Insights into the competition: Get an overview of the competitive landscape, including the market presence of key players in different regions.
- Future trends and drivers: Understand the key trends and drivers shaping the future of the global Portable Bluetooth Speakers market.
- Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key questions answered:
- How is the global portable Bluetooth speakers market expected to develop by 2030?
- What are the key drivers and restraining factors affecting the market?
- Which market segments will grow the most during the forecast period?
- How will the market shares of different regions and segments change by 2030?
- Who are the leading players in the market and what are their prospects?
Selected competitors (42 presented in total):
- Altec Lansing
- Avnera Companies
- Beats Electronics
- Bose Corporation
- Creative Technology Ltd.
- Denon Electronics (USA) LLC
- Jawbone
- JBL, a unit of Harman International Industries, Inc.
- JVC Kenwood Corporation
- Royal Philips NV
- LG Electronics Inc.
- Logitech International S.A.
- Panasonic Corporation
- Pioneer Electronics (USA) Inc.
- Plantronics, Inc.
- Samsung Electronics Co. Ltd.
- Sennheiser Electronic GmbH & Co. KG
- Shure Incorporated
- Sonos, Inc.
- Sony Corporation
- SuperSonic, Inc.
- VOXX International Corporation
- Yamaha Corporation
Important features
Report Attribute | Details |
Number of pages | 194 |
Forecast period | 2023–2030 |
Estimated market value (USD) in 2023 | 6.2 billion US dollars |
Projected market value (USD) until 2030 | 10.9 billion US dollars |
Average annual growth rate | 8.3% |
Regions covered | Generally |
Key topics covered
I. METHODOLOGY
II. SUMMARY
1. MARKET OVERVIEW
- Insights into the influencer market
- World market development
- Portable Bluetooth Speaker – Percentage Market Share of Major Competitors Worldwide in 2024 (E)
- Global economic update
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. Focus on selected players
3. MARKET TRENDS AND DRIVERS
- Increasing popularity of wireless audio devices drives market growth
- Increasing demand for portable entertainment solutions drives adoption
- Technological innovations in sound quality and battery life strengthen the business model
- Increasing consumer preference for compact and lightweight speakers expands market opportunities
- Development of waterproof and robust models creates new possibilities
- Growing trend towards outdoor and leisure activities drives market expansion
- Increasing use in smart home and IoT ecosystems accelerates market growth
- Advances in Bluetooth and connectivity technologies strengthen market position
- Increasing integration with voice assistants and AI promotes acceptance
- Expansion of e-commerce and retail channels promotes market penetration
- Development of low-cost portable speakers supports market growth
- Rising disposable income accelerates consumer spending on wearable electronics
- Growth in music streaming services drives demand for Bluetooth speakers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/99czq2
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Portable Bluetooth Speaker Market