Market Overview:
The global portable mini Bluetooth speakers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable mini Bluetooth speakers from industrial and household applications. In terms of type, the below 70% segment is expected to dominate the global portable mini Bluetooth speakers market during the forecast period, owing to its low cost and easy portability. However, with technological advancements, there has been an increase in demand for high-end portable mini Bluetooth speakers with better sound quality. This has led to a rise in demand for products that fall under the 70%-90% segment and above 90% segments respectively.
Product Definition:
A Portable Mini Bluetooth Speaker is a small, lightweight speaker that can be easily transported and used to play music from a Bluetooth-enabled device. These speakers are typically powered by batteries, which makes them ideal for taking with you on the go. They can also be plugged into an outlet using an AC adapter. Portable Mini Bluetooth Speakers have become increasingly popular in recent years as people seek ways to enjoy their music without having to use headphones.
Below 70%:
Below 70% is the new kid in town and he's trying to make a mark in the portable mini Bluetooth speakers market. The growth factor of below 70% is high demand from consumers due to its compact size, lightweight, low price and easy connectivity. It has been observed that consumers are shifting towards wireless devices with greater preference over wired products which will drive the demand for below 70%.
The major challenge faced by manufacturers of below70% segment is maintaining quality while keeping prices low.
70%-90%:
70%-90% is a range of concentration where 70% of the total content consists of original materials and 90% is derived from reference material. In portable mini Bluetooth speakers market, 70%-90% concentration is achieved by using high-quality components with low-cost labor to produce middle-range products at a low price.
70%-80%: This range involves the production of home theater systems, soundbars,.
Application Insights:
The household uses segment dominated the global portable mini Bluetooth speakers market in 2017. The growth of this segment can be attributed to the increasing adoption of smartphones and tablets, which has created a need for good quality sound systems. Moreover, consumers are willing to spend more on audio accessories that provide enhanced entertainment experience. As a result, manufacturers are focusing on developing products for household purposes that offer premium features at affordable prices. For instance, Harman International Industries Inc., developed JBL GO+ Bluetooth speaker with Google Assistant integration along with AI-based noise cancellation technology to provide an immersive music listening experience to its customers.
Industrial applications accounted for a significant share in the market owing to rising demand from various industries including construction and automotive where heavy machinery is used or installed at workplace sites or areas where workers require background music while working day-to-day activities such as assembling car parts or carrying out daily tasks in construction sites and manufacturing units across different regions globally such as Europe, North America.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for mini Bluetooth speakers in countries, such as the U.S., and Canada due to rising popularity of outdoor activities, along with growing trend of listening music while working out at home or gym. Europe is also estimated to witness significant growth over the coming years owing to increasing product launches across major portable speaker brands, such as Bose Corporation; Beats Electronics LLC; and JBL Ltd.
Asia Pacific is anticipated to register fastest CAGR from 2018 till 2030 owing high population density and increased disposable income especially in China & India markets which are major consumers of these products worldwide The market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America (LATAM) and MEA).
Growth Factors:
- Increasing demand for wireless audio devices: The global market for portable Bluetooth speakers is expected to grow at a CAGR of more than 20% during the forecast period. This can be attributed to the increasing demand for wireless audio devices, as they offer users a convenient way to enjoy music without having to deal with cables.
- Rising popularity of outdoor activities: With people becoming increasingly health conscious, there is a growing trend of indulging in outdoor activities such as camping, hiking, and biking. Portable Bluetooth speakers allow users to enjoy their favorite music while engaging in these activities.
- Growing number of affordable options: The average selling price (ASP) for portable Bluetooth speakers has been declining over the past few years due to the entry of new players in the market and advancements in technology. This has resulted in an increase in adoption among budget-conscious consumers.
- . Increasing integration with other devices: A number of portable Bluetooth speaker manufacturers are integrating their products with other devices such as smartphones and tablets, which allows users greater flexibility and convenience when using them together..5.. Proliferation o f social media platforms: Social media platforms have emerged as one o fthe most popular sources o f entertainmentin recent yearsand this is particularly true among millennials .PortableBluetoothspeakers allowusers touse these platforms tounderstand betterthe typeof music that appealsto themand subsequently make better purchase decisions
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Mini Bluetooth Speakers Market Research Report
By Type
Below 70%, 70%-90%, Above 90%
By Application
Industrial Uses, Household Uses
By Companies
Haishi Hainuo, Hydrite Chemical Co., Equate, Lircon, Winnermedical, Rexall Laboratories and Chemicals Corp., Renhe Pharmacy Co., Ltd., Hydrox Chemical Co., Inc., Green Products Co., COFCO Group, Chengdu BioNovo, Shenzhen PANGO, Aofeite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Portable Mini Bluetooth Speakers Market Report Segments:
The global Portable Mini Bluetooth Speakers market is segmented on the basis of:
Types
Below 70%, 70%-90%, Above 90%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Uses, Household Uses
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haishi Hainuo
- Hydrite Chemical Co.
- Equate
- Lircon
- Winnermedical
- Rexall Laboratories and Chemicals Corp.
- Renhe Pharmacy Co., Ltd.
- Hydrox Chemical Co., Inc.
- Green Products Co.
- COFCO Group
- Chengdu BioNovo
- Shenzhen PANGO
- Aofeite
Highlights of The Portable Mini Bluetooth Speakers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 70%
- 70%-90%
- Above 90%
- By Application:
- Industrial Uses
- Household Uses
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Mini Bluetooth Speakers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Portable Mini Bluetooth Speakers are a small, portable speaker that can be used to listen to music or audio books. They typically have a battery life of around 10 hours and come with an auxiliary input so they can be used as a regular speaker too.
Some of the major companies in the portable mini bluetooth speakers market are Haishi Hainuo, Hydrite Chemical Co., Equate, Lircon, Winnermedical, Rexall Laboratories and Chemicals Corp., Renhe Pharmacy Co., Ltd., Hydrox Chemical Co., Inc., Green Products Co., COFCO Group, Chengdu BioNovo, Shenzhen PANGO, Aofeite.
The portable mini bluetooth speakers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Mini Bluetooth Speakers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Portable Mini Bluetooth Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Mini Bluetooth Speakers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Portable Mini Bluetooth Speakers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Portable Mini Bluetooth Speakers Market Size & Forecast, 2020-2028
4.5.1 Portable Mini Bluetooth Speakers Market Size and Y-o-Y Growth
4.5.2 Portable Mini Bluetooth Speakers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 70%
5.2.2 70%-90%
5.2.3 Above 90%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Uses
6.2.2 Household Uses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Mini Bluetooth Speakers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Portable Mini Bluetooth Speakers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 70%
9.6.2 70%-90%
9.6.3 Above 90%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Uses
9.10.2 Household Uses
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 70%
10.6.2 70%-90%
10.6.3 Above 90%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Uses
10.10.2 Household Uses
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 70%
11.6.2 70%-90%
11.6.3 Above 90%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Uses
11.10.2 Household Uses
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 70%
12.6.2 70%-90%
12.6.3 Above 90%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Uses
12.10.2 Household Uses
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 70%
13.6.2 70%-90%
13.6.3 Above 90%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Uses
13.10.2 Household Uses
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Portable Mini Bluetooth Speakers Market: Competitive Dashboard
14.2 Global Portable Mini Bluetooth Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haishi Hainuo
14.3.2 Hydrite Chemical Co.
14.3.3 Equate
14.3.4 Lircon
14.3.5 Winnermedical
14.3.6 Rexall Laboratories and Chemicals Corp.
14.3.7 Renhe Pharmacy Co., Ltd.
14.3.8 Hydrox Chemical Co., Inc.
14.3.9 Green Products Co.
14.3.10 COFCO Group
14.3.11 Chengdu BioNovo
14.3.12 Shenzhen PANGO
14.3.13 Aofeite
