Europe Soundbar Market to Reach US$ 2,270.8 Million by 2032, Impelled by Increasing Popularity of Subscription-Based OTT Platforms

July 25, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Europe Soundbar Market Report by Type (Wall-Mounted, Table-top, and Others), Installation Method (Active Soundbars, Passive Soundbars, and Others), Connectivity (Wi-Fi, Bluetooth, and Others), Application (Home Audio, Commercial, and Others), and Country 2024-2032," the Europe soundbar market reached a value of US$ 1,174.0 Million in 2023. Soundbar refers to electronic equipment that is generally adopted for a better audio experience. It is mainly equipped with multiple speakers, amplifier, tweeters, mid-range drivers, woofer and subwoofers, a high-definition multimedia interface (HDMI) interface, decoder, virtual sound processor and a radio receiver that provide an improved audio experience to the users. It is widely manufactured in a horizontal design to be mounted over television, computer monitor or home theater systems. In Europe, there has been a considerable increase in the adoption of soundbar systems due to the shifting lifestyle preferences of the masses and the rising preference for aesthetic home appliances.

Europe Soundbar Market Trends:

The market in Europe is primarily driven by the increasing adoption of electronic gadgets among the masses. Along with this, continual technological advancements, such as the integration of voice assistance features with soundbars and the introduction of wireless technology, are gaining widespread prominence among individuals. Moreover, the rising penetration of subscription-based OTT platforms, such as Netflix and Amazon Prime, is providing a boost to the demand for soundbars across the region. Apart from this, continuous improvements in the e-commerce infrastructure and the advent of online delivery models are creating a positive market outlook. Furthermore, several leading players are heavily investing in the development of aggressive marketing strategies, celebrity endorsements and promotional campaigns, thus impacting the market growth favorably. Other factors, including the inflating income levels of the masses, the growing demand for entertainment and sports content with immersive audio experience at home, and extensive research and development (R&D) activities conducted by key players, are also positively impacting the market across Europe. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2,270.8 Million by 2032, growing at a CAGR of 7.4% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been segregated into wall-mounted, table-top and others.
  • Based on the installation method, the market has been classified into active, passive and other soundbars.
  • On the basis of the connectivity, the market has been segmented into Wi-Fi, Bluetooth and others.
  • Based on the application, the market has been categorized into home audio, commercial and others.
  • On the basis of the country, the market has been divided into Germany, France, the United Kingdom, Italy, Spain and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

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 Germany, France, United Kingdom, Italy, Spain, Others
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)

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Europe Soundbar Market to Reach US$ 2,270.8 Million by 2032, Impelled by Increasing Popularity of Subscription-Based OTT Platforms
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