IMARC Group, a leading market research company, has recently released a report titled “Europe Soundbar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Europe soundbar market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Europe Soundbar Market?
The Europe soundbar market size reached US$ 1,084 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,749 Million by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
What is Soundbar?
A soundbar, or media bar, stands for a device or audio system that can produce stereo effects. It comprises audio processing features for speaker equalization, stereo analog inputs and outputs, infrared remote control, wireless connectivity, etc. Soundbars offer high-quality and powerful surround sound in a confined space without multiple speakers or external wiring. They can also be connected to different devices, such as PCs, laptops, smartphones, televisions, music players, etc. As a result, soundbars are widely utilized across various industries, such as entertainment, residential, commercial, etc.
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What are the Growth Prospects and Trends in the Europe Soundbar Industry?
The escalating demand for entertainment and sports content with immersive audio quality at homes is one of the key factors fueling the growth of the Europe soundbar market. Moreover, the increasing number of tech-savvy consumers switching to devices with premium features is also providing a thrust to the market growth. Besides this, the growing integration of voice assistant technology, along with the rising availability of a wide range of products at affordable rates, is acting as another growth-inducing factor. Furthermore, various technological developments, including the elevating adoption of 5G networks, artificial intelligence (AI), the Internet of Things (IoT), etc., are also making devices easier-to-use and more reliable. Apart from this, the growing sales of consumer electronics will continue to further propel the soundbar market in Europe over the forecasted period.
What is Included in Market Segmentation?
The report has categorized the market based on type, installation method, connectivity, application and region.
Breakup by Type:
- Wall-Mounted
- Tabletop
- Others
Analysed by Installation Method:
- Active Soundbar
- Passive Soundbar
- Others
Based on Connectivity:
- Wi-Fi
- Bluetooth
- Others
Market by Application:
- Home Audio
- Commercial
- Others
Countries Covered:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Who are the Key Players Operating in the Europe Soundbar Market?
The report has also provided a comprehensive analysis of the competitive landscape in the Europe soundbar market.
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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