• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Soundbar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global soundbar market reached a value of US$ 3.18 Billion in 2020. 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. Looking forward, IMARC Group expects the global soundbar market to grow at a CAGR of 9.5% during 2021-2026.

Breakup by Type:

  • Wall-Mounted
  • Tabletop
  • 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 Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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, Yamaha Corporation.

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

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