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According to the latest research, the global Soundbar market size was valued at USD 5091.48 million in 2022 and is expected to expand at a CAGR of 12.7% during the forecast period, reaching USD 10432.49 million by 2028.
A soundbar is a special speaker with multiple drivers that is much wider than its height and is always placed above a computer monitor or under a TV or home theater screen. Because in a soundbar multiple speakers are placed in a single cabinet, this helps produce a surround sound or stereo effect. It can significantly improve the consumer's sound experience without the complicated issues of surround sound speakers, wiring, etc. throughout the home theater.
Lack of ability to produce rich bass
Soundbars provide fairly good sound quality and have good mid- and high-frequency responses, but they often lack the ability to produce rich bass. In some cases, it may be necessary to supplement the Sound Bar with a subwoofer to effectively reproduce the bass of DVD and Blu-ray disc tracks.
Tighter global trading environment
Recently, due to the impact of the trade war, the economic development of the United States, the world's largest importer, and China, the world's largest exporter, will have adverse effects. This will also affect the import and export of the soundbar. As China is a major exporter of electronic audio, the export market is mainly concentrated in the United States, Japan, and other countries and regions.
Loose manufacturing policy
In recent years, the global emphasis on manufacturing has returned. This is not only reflected in the upgrading of emerging markets and integration into the global industrial chain but also intensified competition between major manufacturing and powerful countries.
Last October, the United States issued the "Advanced Manufacturing Leadership Strategy Report." In February this year, Germany released the "National Industrial Strategy 2030 Plan." The current consumption upgrade and the pursuit of personalization and customization make the future market focus more on the field of individual needs. Due to technological progress, future products will be transformed into "smart" devices, and advances in materials science can create more complex, powerful and advanced smart devices.
Region Overview:
North America dominated the Soundbar market in 2022, with a market share of 36.46%.
Company Overview:
Samsung is one of the major players operating in the Soundbar market, holding a share of 23.37% in 2023.
Samsung
Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.
Vizio
VIZIO, headquartered in Irvine, California, is the leading HDTV brand in the United States and the number one soundbar brand in the United States. The Company offers televisions, audio equipment, and accessories. VIZIO's mission is to provide high-performance, smarter products with the latest innovations.
Segmentation Overview:
By type, Mobile Type segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Home Audio segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Soundbar industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Soundbar. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Soundbar Market Report Include:
Market Size Estimates: Soundbar market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Soundbar market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Soundbar market
Segment Market Analysis: Soundbar market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Soundbar market situations and prospects in major and top regions and countries
Soundbar Market
Soundbar Industry Chain: Soundbar market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Soundbar Industry News, Policies by regions
Soundbar Industry Porters Five Forces Analysis
Key players in the global Soundbar market are covered in Chapter 2:
LG
Klipsh
Polk Audio
Philips
Vizio
Sonos
Yamaha
Edifier
Sony
Bose
Samsung
In Chapter 6 and Chapter 9, on the basis of types, the Soundbar market from 2018 to 2028 is primarily split into:
Wall-mounted Type
Mobile Type
In Chapter 7 and Chapter 10, on the basis of applications, the Soundbar market from 2018 to 2028 covers:
Home Audio
Commercial
Automotive
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Soundbar market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Soundbar industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Soundbar market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Soundbar industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Soundbar market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Soundbar market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Soundbar market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
A soundbar is a special speaker with multiple drivers that is much wider than its height and is always placed above a computer monitor or under a TV or home theater screen. Because in a soundbar multiple speakers are placed in a single cabinet, this helps produce a surround sound or stereo effect. It can significantly improve the consumer's sound experience without the complicated issues of surround sound speakers, wiring, etc. throughout the home theater.
Lack of ability to produce rich bass
Soundbars provide fairly good sound quality and have good mid- and high-frequency responses, but they often lack the ability to produce rich bass. In some cases, it may be necessary to supplement the Sound Bar with a subwoofer to effectively reproduce the bass of DVD and Blu-ray disc tracks.
Tighter global trading environment
Recently, due to the impact of the trade war, the economic development of the United States, the world's largest importer, and China, the world's largest exporter, will have adverse effects. This will also affect the import and export of the soundbar. As China is a major exporter of electronic audio, the export market is mainly concentrated in the United States, Japan, and other countries and regions.
Loose manufacturing policy
In recent years, the global emphasis on manufacturing has returned. This is not only reflected in the upgrading of emerging markets and integration into the global industrial chain but also intensified competition between major manufacturing and powerful countries.
Last October, the United States issued the "Advanced Manufacturing Leadership Strategy Report." In February this year, Germany released the "National Industrial Strategy 2030 Plan." The current consumption upgrade and the pursuit of personalization and customization make the future market focus more on the field of individual needs. Due to technological progress, future products will be transformed into "smart" devices, and advances in materials science can create more complex, powerful and advanced smart devices.
Region Overview:
North America dominated the Soundbar market in 2022, with a market share of 36.46%.
Company Overview:
Samsung is one of the major players operating in the Soundbar market, holding a share of 23.37% in 2023.
Samsung
Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.
Vizio
VIZIO, headquartered in Irvine, California, is the leading HDTV brand in the United States and the number one soundbar brand in the United States. The Company offers televisions, audio equipment, and accessories. VIZIO's mission is to provide high-performance, smarter products with the latest innovations.
Segmentation Overview:
By type, Mobile Type segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Home Audio segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Soundbar industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Soundbar. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Soundbar Market Report Include:
Market Size Estimates: Soundbar market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Soundbar market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Soundbar market
Segment Market Analysis: Soundbar market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Soundbar market situations and prospects in major and top regions and countries
Soundbar Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Soundbar Industry Chain: Soundbar market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Soundbar Industry News, Policies by regions
Soundbar Industry Porters Five Forces Analysis
Key players in the global Soundbar market are covered in Chapter 2:
LG
Klipsh
Polk Audio
Philips
Vizio
Sonos
Yamaha
Edifier
Sony
Bose
Samsung
In Chapter 6 and Chapter 9, on the basis of types, the Soundbar market from 2018 to 2028 is primarily split into:
Wall-mounted Type
Mobile Type
In Chapter 7 and Chapter 10, on the basis of applications, the Soundbar market from 2018 to 2028 covers:
Home Audio
Commercial
Automotive
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Soundbar market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Soundbar industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Soundbar market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Soundbar industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Soundbar market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Soundbar market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Soundbar market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
