Loudspeaker Subwoofer Market – Industry Analysis and Forecast (2023-2029) by Application, End-User and Region

Loudspeaker Subwoofer Market size was valued at US$ 908.87 Mn. in 2022 and the total revenue is expected to grow at 4.5% through 2023 to 2029, reaching nearly US$ 1236.84 Mn.
Loudspeaker Subwoofer Market Overview:
The Market was valued at USD 908.87  million in 2022, and is predicted to grow at a CAGR of 4.5 percent to USD 1236.84 million by 2029.

The Market is studied by segments like Application (car audio, home audio, cinema sound, sound reinforcement, and others), End-User (residential and commercial) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.To know about the Research Methodology:-Request Free Sample Report

For the forecast period of 2023 to 2029, the report provides a complete analysis that reflects today's Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.

Covid-19 Impact on Loudspeaker Subwoofer Market:

Due to a lack of resources, the loudspeaker sub-woofer manufacturing came to a halt during the COVID-19 pandemic. The temporary suspension of production units has had a significant influence on the global sub-woofer industry, causing many worries in the stock market, a collapse in the supply chain, a drop in corporate confidence, and a rise in consumer panic.

Production & supply chain procedures have been paused due to an unexpected coronavirus outbreak. Additionally, significant players' research & development (R&D) efforts have been interrupted around the world. Due to operational limits on sales channels such as specialized stores and e-commerce platforms, loudspeaker sub-woofer sales have reduced during the Covid-19 outbreak.

Nonetheless, certain industrial enterprises have renewed their plans and are prepared to adhere to the restraints placed by government organizations in several places on the constraints.COVID-19 had the greatest influence on the United States. Due to global lockdowns, travel restrictions, production facility closures, and labor shortages, loudspeaker subwoofer manufacturers and service providers have been impacted.

In the United States, the pandemic resulted in health and economic crises. Furthermore, it caused disruptions in the consumer electronics industry, affecting supply chains, manufacturing, and sales. The pandemic has had a direct and indirect impact on the loudspeaker subwoofer industry, which is predicted to expand as COVID-19 infections decline.
Loudspeaker Subwoofer Market Dynamics:
Some of the major factors driving the market include increasing adoption of loudspeakers for audio communication in seminars, conferences, and other places with large audiences, innovations in loudspeaker changing consumer preference and lifestyle, subwoofer design and size, surging adoption of home theater audio systems, and growing demand from the entertainment industry.

For a better sound experience, people are progressively installing loudspeaker subwoofers in their homes and theaters. During the forecast period, the audio quality or frequency that these loudspeaker subwoofers are capable of creating will continue to act as an important catalyst for market expansion.

The demand for wireless audio equipment such as bluetooth speakers and sound bars has increased in the audio business. Customers' increased use of bluetooth speakers is generating new sources of revenue for market players. Wireless audio content streaming is also driving this sector forward. Most audio systems nowadays come with communication technologies like Bluetooth and Wi-Fi. Wi-Fi and bluetooth chips are found in gadgets such as smartphones, laptops and tablets, allowing the loudspeaker subwoofer to play audio wirelessly.

Market participants are concentrating on selling smart speakers & subwoofers, which is expected to drive future market growth. For example, Sonos released its latest speaker which is the Sonos Roam in March 2021, which is the company's first entirely portable bluetooth speaker that also functions as a full-fledged member of the Sonos system when connected to a Wi-Fi network. As a result, during the forecast period, the rising consumer interest in technologically superior audio products is likely to provide profitable prospects in the worldwide sub-woofer market.

Loudspeaker subwoofers may reproduce a wide variety of frequencies that are transmitted by the sound source in a residential or professional theater system. The market is primarily driven by this aspect. The market will be pushed to new heights by constant research, development, and upgradation in the automotive sector.

Customers can personalize their subwoofer cabinet material to meet their own needs. Some applications, for example, necessitate wooden subwoofer cabinets for technical reasons or to give the loudspeaker a pleasing appearance. Manufacturers will be able to develop the worldwide market by providing this service.

In terms of acoustics, however, a loudspeaker subwoofer with 15 inch, 18 inch, or 20 inch sound drivers is more prone to distortion than a loudspeaker subwoofer with 10-inch, 12-inch, or 13-inch sound drivers. The market is expected to be challenged by the availability of low-cost, poorly built subwoofers. Furthermore, most subwoofers are quite delicate, and even a minor tear could compromise the sound quality. This aspect limits the subwoofer market's growth.
Loudspeaker Subwoofer Market Segment Analysis:
Based on Application, the Market is classified into car audio, home audio, cinema sound, sound reinforcement, and others. In 2021, the home audio segment had the highest share due to the effect of covid-19 on the other segments. People preferred entertainment within their home which increased the sales of home audio loudspeaker subwoofers.



Based on End-User industry, the Loudspeaker Subwoofer Market is classified into residential and commercial. The commercial segment is expected to have a higher share of the market by 2029. A subwoofer can be used for a variety of purposes, including home audio, theater sound, automotive audio, outdoor entertainment, sound reinforcement, and more. The need for sub-woofers is increasing as the number of public gatherings, stand-up comedy gigs, and movie theaters grows. The loudspeaker sub-woofer market is expected to benefit from changing customer tastes and lifestyles toward the use of on-board infotainment system in ride-hailing services.
Loudspeaker Subwoofer Market Regional Insights:
North America is expected to have the highest market share of the loudspeaker subwoofer market among all regions, and is expected to grow at a steady rate over the forecast period. The fastest-growing loudspeaker subwoofer market is predicted to be in Southeast Asia & other parts of Asia Pacific. The ever-increasing trend of research & development in subwoofer or loudspeaker related domains is credited with the growth of the loudspeaker subwoofer market in the APAC regions.

The loudspeaker subwoofer market is predicted to increase at a high rate in China and Japan. During the projected period, the loudspeaker subwoofer market in West and East European countries is expected to develop at a stable rate. The increasing disposable income in the residential market is a crucial factor driving the worldwide subwoofer market forward. Furthermore, the ever-increasing growth of the entertainment industry propels the worldwide subwoofer market forward.

Objective:
To understand the Loudspeaker Subwoofer industry and study the market trends.Focusing on the regional market and other segmentations, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential.

The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the Loudspeaker Subwoofer Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Loudspeaker Subwoofer Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the Loudspeaker Subwoofer Market.
Loudspeaker Subwoofer Market Scope: Inquire before buying



Global Loudspeaker Subwoofer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 908.87 Mn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 1236.84 Mn.


 Segments Covered:
by  Application
car audio
home audio
cinema sound
sound reinforcement
others


by End-User
Residential
Commercial



Loudspeaker Subwoofer Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Loudspeaker Subwoofer Market Key Players
1.Klipsch Group, Inc. (USA)
2.Polk Audio (USA)
3.Yamaha Corporation (Japan)
4.SVS Inc. (USA)
5.ELAC Electroacustic GmbH (Germany)
6.Sonos, Inc. (USA)
7.Samsung (South Korea)
8.Dynaudio A/S (Denmark)
9.BIC America (USA)
10.Rockford Corp. (USA)
11.JL Audio (USA)
12.Alpine Electronics, Inc. (Japan)
13.Kicker Audio (Stillwater Designs) (USA)
14.MTX International (USA)
15.Pioneer Electronics Inc (USA)

Frequently Asked Questions:

1] What segments are covered in the Loudspeaker Subwoofer Market report?
Ans. The segments of Application, End-Use and Region are covered in the Loudspeaker Subwoofer Market report.

2] Which Region is expected to hold the highest share in the Loudspeaker Subwoofer Market?
Ans. The North America region is expected to hold the highest share in the Loudspeaker Subwoofer Market.

3] What is the market size of the Loudspeaker Subwoofer Market by 2029?
Ans. The market size of the Loudspeaker Subwoofer Market is expected to reach USD 1236.84 Mn by 2029.

4] What is the forecast period for the Loudspeaker Subwoofer Market?
Ans. The forecast period for the Loudspeaker Subwoofer Market is 2023-2029.

5] What was the market size of the Loudspeaker Subwoofer Market in 2022?
Ans. The market size of the Loudspeaker Subwoofer Market in 2022 was USD 908.87 Mn