Market Overview:
The GCC soundbar market size reached US$ 98.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 203.6 Million by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 98.4 Million |
Market Forecast in 2032
|
US$ 203.6 Million |
Market Growth Rate 2024-2032 |
8.2% |
A soundbar refers to a speaker that is used to produce sound from a special cabinet. Also known as a media or speaker bar, it consists of a slim unit containing multiple built-in speakers, which are specifically designed to improve the sound quality with minimal wiring. A soundbar can be mounted below or above a display device as it is manufactured in a horizontal design that enhances the acoustic experience. In the GCC region, soundbars have gained immense popularity as they are cost-effective and easier to set up than other conventional stereo sound systems.
The GCC soundbar market is primarily driven by the growing penetration of smart devices that can be connected to speakers to enhance the entertainment experience at home. Besides this, consumers in the GCC countries are becoming conscious of sound quality and are spending a substantial amount on entertainment systems. As a result, there has been a significant rise in the sales of soundbars across the region. Additionally, the emerging e-commerce industry is also catalyzing market growth as soundbars are readily available with attractive discounts via online platforms. Moreover, the growing integration of soundbars with TV or smart devices to enhance the listening experience of consumers and the rising number of smart homes are also providing significant thrust to the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC soundbar market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, installation method, connectivity and application.
Breakup by Type:
- Wall-Mounted
- Table-top
- Others
Breakup by Installation Method:
- Active Soundbars
- Passive Soundbars
- Others
Breakup by Connectivity:
Breakup by Application:
- Home Audio
- Commercial
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Type, Installation Method, Connectivity, Application, Country |
Countries Covered |
Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the GCC soundbar market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the GCC soundbar market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the installation method?
- What is the breakup of the market based on the connectivity?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the GCC soundbar market and who are the key players?
- What is the degree of competition in the industry?