Market Overview:
The global soundbar market reached a value of US$ 3.18 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.5% during 2021-2026. 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, also known as a media bar or speaker bar, stands for a single cabinet loudspeaker that produces stereo effect. The device mainly comprises of stereo analog inputs and outputs, infrared remote control, wireless connectivity option, and other audio processing features for speaker equalization. A soundbar can be primarily classified into three types, including soundbar with subwoofer, all-in-one soundbar and cinematic soundbar, among others. It offers powerful audio quality and surround sound by acquiring minimal space and eliminating the need for multiple speakers and external wiring. Furthermore, a soundbar can be connected to several electronic devices, such as television, laptop, PC, smartphone, music player, etc. Owing to this, the device is widely installed across residential, commercial, and entertainment sectors.
The global soundbar market is primarily driven by the increasing penetration of subscription-based media platforms, such as Amazon Prime and Netflix, that are gaining popularity in developing countries. Moreover, rapid digitalization, coupled with the rising adoption of smart devices, such as laptops, smartphones, smart TVs, etc., has propelled the demand for soundbar on a global level. Additionally, various technological advancements have led to the introduction of newer and innovative 4K and 8K television technologies, that further augment the market growth. Moreover, the high internet connectivity, along with rapid integration of soundbar with voice assistants, such as Alexa and Google Assistance, has enhanced product ability for wireless content streaming, thereby improving the overall experience for the users. Furthermore, the digital transformations in the music industry are also driving the demand for compatible media and entertainment gadgets, such as soundbars, for producing strong sound with good bass response. Additionally, the rising living standards of consumers supported by rising disposable income levels have augmented the demand for high-end and premium consumer electronics, that further drives the product demand. Additionally, rapid globalization and urbanization across the developing countries have led to the growing sales of consumer electronics and a rising number of product launches that are fueling the growth of soundbar market in these regions. Furthermore, various technological upgradations, along with the rapid construction of smart homes, have further fueled the installation of soundbars in the residential spaces. Apart from this, the growing demand for soundbars from the diverse commercial sectors, such as hospitality, retail, corporate, and institutional sectors, will continue to propel the growth of the global soundbar market in the forthcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soundbar market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, installation method, connectivity and application.
Breakup by Type:
- Wall-Mounted
- Tabletop
- Others
Breakup by Installation Method:
- Active Soundbar
- Passive Soundbar
- Others
Breakup by Connectivity:
Breakup by Application:
- Home Audio
- Commercial
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
- Turkey
- Saudi Arabia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bose Corporation, Edifier, Harman International Industries, LG Electronics, Panasonic Corporation, Polk Audio, Samsung, Sennheiser Electronic GmbH & Co. KG, Sony Corporation and Yamaha Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Installation Method, Connectivity, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia |
| Companies Covered |
Bose Corporation, Edifier, Harman International Industries, LG Electronics, Panasonic Corporation, Polk Audio, Samsung, Sennheiser Electronic GmbH & Co. KG, Sony Corporation and Yamaha Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| 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 global soundbar market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global soundbar market?
- 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 market?
- What is the structure of the soundbar market and who are the key players?
- What is the degree of competition in the market?
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 Global 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 Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Turkey
10.5.1.1 Market Trends
10.5.1.2 Market Forecast
10.5.2 Saudi Arabia
10.5.2.1 Market Trends
10.5.2.2 Market Forecast
10.5.3 Others
10.5.3.1 Market Trends
10.5.3.2 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 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bose Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Edifier
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Harman International Industries
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 LG Electronics
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Panasonic Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Polk Audio
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Samsung
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Sennheiser electronic GmbH & Co. KG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Sony Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Yamaha Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Soundbar Market: Major Drivers and Challenges
Figure 2: Global: Soundbar Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Soundbar Market: Breakup by Type (in %), 2020
Figure 4: Global: Soundbar Market: Breakup by Installation Method (in %), 2020
Figure 5: Global: Soundbar Market: Breakup by Connectivity (in %), 2020
Figure 6: Global: Soundbar Market: Breakup by Application (in %), 2020
Figure 7: Global: Soundbar Market: Breakup by Region (in %), 2020
Figure 8: Global: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Soundbar (Wall-Mounted) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 10: Global: Soundbar (Wall-Mounted) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 11: Global: Soundbar (Table-Top) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 12: Global: Soundbar (Table-Top) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 13: Global: Soundbar (Others) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 14: Global: Soundbar (Others) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 15: Global: Soundbar (Active Soundbars) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 16: Global: Soundbar (Active Soundbars) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 17: Global: Soundbar (Passive Soundbars) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 18: Global: Soundbar (Passive Soundbars) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 19: Global: Soundbar (Others) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 20: Global: Soundbar (Others) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 21: Global: Soundbar (Wi-Fi) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 22: Global: Soundbar (Wi-Fi) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 23: Global: Soundbar (Bluetooth) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 24: Global: Soundbar (Bluetooth) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 25: Global: Soundbar (Others) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 26: Global: Soundbar (Others) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 27: Global: Soundbar (Home Audio) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 28: Global: Soundbar (Home Audio) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 29: Global: Soundbar (Commercial) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 30: Global: Soundbar (Commercial) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 31: Global: Soundbar (Others) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 32: Global: Soundbar (Others) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 33: North America: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 34: North America: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 35: United States: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 36: United States: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 37: Canada: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 38: Canada: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 39: Asia Pacific: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 40: Asia Pacific: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 41: China: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 42: China: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 43: Japan: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 44: Japan: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 45: India: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 46: India: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 47: South Korea: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 48: South Korea: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 49: Australia: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 50: Australia: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 51: Indonesia: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 52: Indonesia: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 53: Others: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 54: Others: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 55: Europe: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 56: Europe: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 57: Germany: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 58: Germany: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 59: France: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 60: France: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 61: United Kingdom: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 62: United Kingdom: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 63: Italy: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 64: Italy: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 65: Spain: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 66: Spain: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 67: Russia: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 68: Russia: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 69: Others: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 70: Others: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 71: Latin America: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 72: Latin America: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 73: Brazil: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 74: Brazil: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 75: Mexico: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 76: Mexico: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 77: Others: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 78: Others: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 79: Middle East and Africa: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 80: Middle East and Africa: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 81: Turkey: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 82: Turkey: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 83: Saudi Arabia: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 84: Saudi Arabia: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 85: Others: Soundbar Market: Sales Value (in Billion US$), 2015 & 2020
Figure 86: Others: Soundbar Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 87: Global: Soundbar Industry: SWOT Analysis
Figure 88: Global: Soundbar Industry: Value Chain Analysis
Figure 89: Global: Soundbar Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Soundbar Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Soundbar Market Forecast: Breakup by Type (in Billion US$), 2021-2026
Table 3: Global: Soundbar Market Forecast: Breakup by Installation Method (in Billion US$), 2021-2026
Table 4: Global: Soundbar Market Forecast: Breakup by Connectivity (in Billion US$), 2021-2026
Table 5: Global: Soundbar Market Forecast: Breakup by Application (in Billion US$), 2021-2026
Table 6: Global: Soundbar Market Forecast: Breakup by Region (in Billion US$), 2021-2026
Table 7: Global: Soundbar Market: Competitive Structure
Table 8: Global: Soundbar Market: Key Players