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Latin America Soundbar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The Latin America soundbar market size reached US$ 295.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 519.5 Million by 2027, exhibiting a growth rate (CAGR) of 9.99% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A soundbar is an audio system enclosure that creates virtual surround sound with the help of advanced vibrations technologies. It comprises stereo analog inputs and outputs, infrared remote control, wireless connectivity option, and various other audio processing features for speaker equalization. In the Latin American region, soundbars have gained immense traction as they offer a powerful audio experience, eliminate the need for multiple speakers, and require minimal space and external wirings.
The Latin America soundbar market is primarily driven by the availability of soundbars in a wide range of shapes and sizes. At present, countries such as Mexico and Brazil are the largest markets for soundbars. The growing prominence of high-end mainstream brands in these countries offering advanced and multifunctional devices is also propelling the market growth. Furthermore, manufacturers are increasingly equipping their devices with one or more smart assistants. This allows users to control the device via their voice and also integrate it with their in-house intelligent device ecosystem. This capability has increased the willingness of consumers to invest in soundbars.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America soundbar market report, along with forecasts at the regional and country level from 2022-2027. 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 Soundbar
Passive Soundbar
Others
Breakup by Connectivity:
Wi-Fi
Bluetooth
Others
Breakup by Application:
Home Audio
Commercial
Others
Breakup by Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
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
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Million
Segment Coverage
Type, Installation Method, Connectivity, Application, Country
Countries Covered
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
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 Latin America soundbar market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Latin America 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 Latin America soundbar market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology 3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends 5 Latin America Soundbar Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast 6 Market Breakup by Type
6.1 Wall-Mounted
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Table-Top
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast 7 Market Breakup by Installation Method
7.1 Active Soundbars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Passive Soundbars
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast 8 Market Breakup by Connectivity
8.1 Wi-Fi
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bluetooth
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast 9 Market Breakup by Application
9.1 Home Audio
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast 10 Market Breakup by Country
10.1 Brazil
10.1.1 Market Trends
10.1.2 Market Breakup by Type
10.1.3 Market Breakup by Installation Method
10.1.4 Market Breakup by Connectivity
10.1.5 Market Breakup by Application
10.1.6 Market Forecast
10.2 Mexico
10.2.1 Market Trends
10.2.2 Market Breakup by Type
10.2.3 Market Breakup by Installation Method
10.2.4 Market Breakup by Connectivity
10.2.5 Market Breakup by Application
10.2.6 Market Forecast
10.3 Argentina
10.3.1 Market Trends
10.3.2 Market Breakup by Type
10.3.3 Market Breakup by Installation Method
10.3.4 Market Breakup by Connectivity
10.3.5 Market Breakup by Application
10.3.6 Market Forecast
10.4 Colombia
10.4.1 Market Trends
10.4.2 Market Breakup by Type
10.4.3 Market Breakup by Installation Method
10.4.4 Market Breakup by Connectivity
10.4.5 Market Breakup by Application
10.4.6 Market Forecast
10.5 Chile
10.5.1 Market Trends
10.5.2 Market Breakup by Type
10.5.3 Market Breakup by Installation Method
10.5.4 Market Breakup by Connectivity
10.5.5 Market Breakup by Application
10.5.6 Market Forecast
10.6 Peru
10.6.1 Market Trends
10.6.2 Market Breakup by Type
10.6.3 Market Breakup by Installation Method
10.6.4 Market Breakup by Connectivity
10.6.5 Market Breakup by Application
10.6.6 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Breakup by Type
10.7.3 Market Breakup by Installation Method
10.7.4 Market Breakup by Connectivity
10.7.5 Market Breakup by Application
10.7.6 Market Forecast 11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats 12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes 14 Policy and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: Latin America: Soundbar Market: Major Drivers and Challenges
Figure 2: Latin America: Soundbar Market: Sales Value (in Million US$), 2016-2021
Figure 3: Latin America: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Latin America: Soundbar Market: Breakup by Type (in %), 2021
Figure 5: Latin America: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 6: Latin America: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 7: Latin America: Soundbar Market: Breakup by Application (in %), 2021
Figure 8: Latin America: Soundbar Market: Breakup by Country (in %), 2021
Figure 9: Latin America: Soundbar (Wall-Mounted) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Latin America: Soundbar (Wall-Mounted) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Latin America: Soundbar (Table-Top) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Latin America: Soundbar (Table-Top) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Latin America: Soundbar (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Latin America: Soundbar (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Latin America: Soundbar (Active Soundbars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Latin America: Soundbar (Active Soundbars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Latin America: Soundbar (Passive Soundbars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Latin America: Soundbar (Passive Soundbars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Latin America: Soundbar (Other Installation Methods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Latin America: Soundbar (Other Installation Methods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Latin America: Soundbar (Wi-Fi) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Latin America: Soundbar (Wi-Fi) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Latin America: Soundbar (Bluetooth) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Latin America: Soundbar (Bluetooth) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Latin America: Soundbar (Other Connectivity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Latin America: Soundbar (Other Connectivity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Latin America: Soundbar (Home Audio) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Latin America: Soundbar (Home Audio) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Latin America: Soundbar (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Latin America: Soundbar (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Latin America: Soundbar (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Latin America: Soundbar (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Brazil: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Brazil: Soundbar Market: Breakup by Type (in %), 2021
Figure 35: Brazil: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 36: Brazil: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 37: Brazil: Soundbar Market: Breakup by Application (in %), 2021
Figure 38: Brazil: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Mexico: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Mexico: Soundbar Market: Breakup by Type (in %), 2021
Figure 41: Mexico: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 42: Mexico: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 43: Mexico: Soundbar Market: Breakup by Application (in %), 2021
Figure 44: Mexico: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Argentina: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Argentina: Soundbar Market: Breakup by Type (in %), 2021
Figure 47: Argentina: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 48: Argentina: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 49: Argentina: Soundbar Market: Breakup by Application (in %), 2021
Figure 50: Argentina: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Colombia: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Colombia: Soundbar Market: Breakup by Type (in %), 2021
Figure 53: Colombia: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 54: Colombia: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 55: Colombia: Soundbar Market: Breakup by Application (in %), 2021
Figure 56: Colombia: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Chile: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Chile: Soundbar Market: Breakup by Type (in %), 2021
Figure 59: Chile: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 60: Chile: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 61: Chile: Soundbar Market: Breakup by Application (in %), 2021
Figure 62: Chile: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Peru: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Peru: Soundbar Market: Breakup by Type (in %), 2021
Figure 65: Peru: Soundbar Market: Breakup by Installation Method (in %), 2021
Figure 66: Peru: Soundbar Market: Breakup by Connectivity (in %), 2021
Figure 67: Peru: Soundbar Market: Breakup by Application (in %), 2021
Figure 68: Peru: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Soundbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Soundbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Soundbar Industry: SWOT Analysis
Figure 72: Latin America: Soundbar Industry: Value Chain Analysis
Figure 73: Latin America: Soundbar Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Latin America: Soundbar Market: Key Industry Highlights, 2021 and 2027
Table 2: Latin America: Soundbar Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Latin America: Soundbar Market Forecast: Breakup by Installation Method (in Million US$), 2022-2027
Table 4: Latin America: Soundbar Market Forecast: Breakup by Connectivity (in Million US$), 2022-2027
Table 5: Latin America: Soundbar Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Latin America: Soundbar Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 7: Latin America: Soundbar Market: Competitive Structure
Table 8: Latin America: Soundbar Market: Key Players
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