The global Sub-woofer Market is expected to grow from US$ 834.77 million in 2021 to US$ 1,132.62 million by 2028; it is estimated to register a CAGR of 4.5% during 2021-2028.
A sub-woofer is used for various applications such as home audio, cinema sound, car audio, sound reinforcement, outdoor entertainment, and others. The requirement for sub-woofers is growing with the increasing number of public meetings, stand-up comedy shows, and cinema halls. Shifting preferences and changing consumer lifestyle toward using on-board infotainment systems in ride-hailing services is anticipated to create promising opportunities in the sub-woofer market.
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The List of Companies
- Dynaudio A/S
- Harman International
- Sony Corporation
- SV Sound
- Pioneer India Electronics Pvt. Ltd.
- Paradigm Electronics Inc.
- LW Speakers Professional Sound Systems
- Klipsch Group Inc.
- JVC Kenwood Holdings Inc.
The sub-woofer market is segmented into application, end-user, and geography. Based on application, the sub-woofer market is segmented into car audio, home audio, cinema sound, sound reinforcement, and others. In 2020, home audio segment held the largest share in the market. In terms of end-user, the sub-woofer market is segmented into residential and commercial. In 2020, the commercial segment accounted for a larger share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for a significant share in the global market.
This research report on the “Sub-woofer Market” provides a holistic view of the global market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends about the market growth. The market is segmented into deployment, application, and geography.
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During the COVID-19 pandemic, the sub-woofer industry came to a halt due to minimal resources. The temporary shutdown of the manufacturing units has negatively impacted the growth of the sub-woofer market across the globe and has created many uncertainties in the stock market, decline in the supply chain, falling business confidence, and growing panic among consumers. Due to the unusual coronavirus outbreak, the production and supply chain procedures have been halted. Also, the research and development (R&D) exercises of key players have been halted across the globe. The sale of sub-woofer has been decreased during the Covid-19 outbreak due to the operational constraints on sales channels such as specialty stores and e-commerce platforms. Nonetheless, certain manufacturing firms have restarted their plans and prepared to owe to the rests imposed on the restrictions, by the government bodies, in several regions.
In 2020, the US witnessed most severe impact of COVID-19. Sub-woofer manufacturers and service providers were affected due to nationwide lockdowns, travel restrictions, shutdown of production facilities, and shortage of employees. The pandemic led to health and economic crises in the US. Moreover, it led to disruptions in the consumer electronics industry, impacting various aspects such as supply chain, manufacturing, and sales. The pandemic has directly and indirectly affected the sub-woofer market, and it is expected to witness growth with decreasing COVID-19 cases.
Market Analysis and Insights: Sub-woofer Market report elaborates the market size, market characteristics, and market growth of the Sub-woofer industry, and breaks down according to the type, application, and consumption space of Sub-woofer. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
Some of the key queries answered in this report:
- -What can we estimate about the anticipated growth rates and also the Sub-woofer industry size by 2030?
- -What will happen in the coming existing and emerging markets?
- -Which are the five top players within the Sub-woofer market?
- -How can the Sub-woofer market change in the upcoming years?
- -Which product and application will take a share of the Sub-woofer market?
- -What will be the CAGR and size of the Sub-woofer market throughout the forecast period?
- -What are the market opportunities and challenges two-faced by the key vendors?
- -Who are the major competitors and what is their strategy?
- -What are the barriers to entry for new players in the market?
- -What would be the upcoming Sub-woofer market behaviour forecast with trends, challenges, and drivers for development?
- -What business opportunities and dangers are faced by vendors in the market?
- -Which would be Sub-woofer industry opportunities and challenges have faced by most vendors in the market?
- -What will be the outcomes of this market SWOT five forces analysis?
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TABLE OF CONTENTS
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
- Key Takeaways
- Research Methodology
3.2 Secondary Research
3.3 Primary Research
- Sub-Woofer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.3 Asia Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinion
- Global Sub-Woofer Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Demand in Automotive Industry
5.1.2 Increasing Popularity in Residential Home Applications and Cinemas and Theatres
5.2 Market Restraints
5.2.1 Availability of Low-quality Sub-woofers
5.3 Market Opportunities
5.3.1 Rise in Demand for Wireless Audio Devices and Smart Connectivity
5.4 Future trends
5.4.1 Increasing Uptake of Home and Professional Sound Systems
5.5 Impact Analysis of Drivers and Restraints
- Global Analysis
- By Application
- By End-User
- Geographic Analysis
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