Market Overview:
The global sound bars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for home entertainment systems, rising disposable income, and growing adoption of sound bars by commercial establishments. The global sound bars market is segmented on the basis of type into active and passive sound bars. Active sound bars are those that come with an integrated amplifier while passive ones do not have an integrated amplifier. On the basis of application, the market is segmented into household, office, school, commercial use, and others (including healthcare facilities and hospitality industry). The household segment accounted for a major share of the global sound bar market in 2017 owing to rising demand for home entertainment systems across regions. However, with technological advancements and growing adoption of smart homes globally, there is a shift towards installation of smart speakers in households which are equipped with voice-activated assistants such as Amazon Echo or Google Home Mini. This is expected to hamper growth prospects for traditional active or passive soundbars in coming years. On regional basis North America held dominant position followed by Europe in terms revenue generated through sales Sound Bars Market In 2017 .Asia Pacific region has shown highest CAGR over past few years due increased spending on consumer electronics products coupled with ongoing urbanization process across countries such as China & India .
Product Definition:
A sound bar is a type of speaker system that is designed to sit in front of or below your television. They are often slim and rectangular in shape, and they can provide better sound quality than the speakers that come built into most TVs. Many sound bars also include a subwoofer, which can provide deeper bass response.
Active Sound Bars:
Active sound bars are electronic sound amplification devices that work on the principle of resonance. They produce enhanced audio quality by creating a virtual space around the listener with the help of speakers, amplifiers and subwoofers. The concept behind active sound bars is to provide a realistic experience of surround sound without any wires or Bluetooth connection.
The major advantage offered by these products is that they can be easily paired with portable devices like smartphones, tablets.
Passive Sound Bars:
Passive sound bars are the type of soundbars that work by transmitting the audio signal from a television, Blu-ray player, satellite radio or CD player to your home theater system. They do not have an internal power source and are connected to your home theater system via an audio cable.
The passive soundbar is one of the most popular types as it does not require any external amplification for delivering high-quality surround sound.
Application Insights:
The commercial use segment dominated the global sound bars market, accounting for more than 50% share of the overall revenue in 2017. The growth can be attributed to a rise in demand from various commercial spaces such as hotels, restaurants and shopping malls. Sound reinforcement systems have been installed at these places to enhance the entertainment experience for customers. Furthermore, sound bars with Dolby Atmos technology have been installed at movie theaters and live performance venues to create an immersive experience for viewers and listeners respectively.
Household is expected to be one of the fastest-growing application segments over the forecast period owing to rising consumer spending on home theater systems that provide premium audio experience at affordable prices coupled with growing awareness about better sound quality among consumers regarding their homes. Moreover, increasing penetration of smart speakers like Amazon Echo & Google Home has fueled demand for high-quality surround sound system in smart homes as it enables users control music playback through voice command without touching any remote control or device which further drives product adoption across households globally.
Regional Analysis:
North America dominated the global sound bars market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period as well owing to high disposable income and growing adoption of advanced technologies. Europe accounted for a significant share of the global market due to high demand for technologically advanced products coupled with rising popularity of Dolby Atmos and DTS:X audio systems. Asia Pacific is projected to be one of the fastest-growing regions during the forecast period, mainly driven by increasing penetration of premium sound system offerings in emerging countries such as China, India, South Korea, and Japan along with rising number international music concerts being held there. Moreover Sound United launched an initiative called Sound United Tour that unites different types music concerts around Asia into one platform which will take place from January 2018 till December 2019 inclusive under various cities including Singapore; Tokyo; Hong Kong; Beijing; Shanghai; and Bangalore among others).
Growth Factors:
- Increasing demand for high-quality audio systems in the home
- Growing popularity of home theater and surround sound systems
- Rising disposable income among consumers
- Advances in technology that have made sound bars more affordable and easier to use
- Increased marketing and promotion by manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Sound Bars Market Research Report
By Type
Active Sound Bars, Passive Sound Bars
By Application
Household, Office, School, Commercial Use, Others
By Companies
Samsung, Sony, VIZIO, Polk Audio, Bose, Yamaha, MartinLogan, Zvox, LG, Pioneer, Samsung, PyleHome
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Sound Bars Market Report Segments:
The global Sound Bars market is segmented on the basis of:
Types
Active Sound Bars, Passive Sound Bars
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
Household, Office, School, Commercial Use, Others
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:
- Samsung
- Sony
- VIZIO
- Polk Audio
- Bose
- Yamaha
- MartinLogan
- Zvox
- LG
- Pioneer
- Samsung
- PyleHome
Highlights of The Sound Bars 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:
- Active Sound Bars
- Passive Sound Bars
- By Application:
- Household
- Office
- School
- Commercial Use
- Others
- 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 Sound Bars 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Sound bars are a type of home audio system that amplifies sound from your TV or other audio device. They're typically placed on the wall behind your TV, and they come in a variety of sizes and prices. Some sound bars have built-in speakers, while others require you to connect them to an external speaker system.
Some of the key players operating in the sound bars market are Samsung, Sony, VIZIO, Polk Audio, Bose, Yamaha, MartinLogan, Zvox, LG, Pioneer, Samsung, PyleHome.
The sound bars market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sound Bars 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 Sound Bars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sound Bars 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 Sound Bars 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 Sound Bars Market Size & Forecast, 2018-2028
4.5.1 Sound Bars Market Size and Y-o-Y Growth
4.5.2 Sound Bars Market Absolute $ Opportunity
Chapter 5 Global Sound Bars 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 Sound Bars Market Size Forecast by Type
5.2.1 Active Sound Bars
5.2.2 Passive Sound Bars
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sound Bars 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 Sound Bars Market Size Forecast by Applications
6.2.1 Household
6.2.2 Office
6.2.3 School
6.2.4 Commercial Use
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sound Bars 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 Sound Bars 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 Sound Bars Analysis and Forecast
9.1 Introduction
9.2 North America Sound Bars 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 Sound Bars Market Size Forecast by Type
9.6.1 Active Sound Bars
9.6.2 Passive Sound Bars
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 Sound Bars Market Size Forecast by Applications
9.10.1 Household
9.10.2 Office
9.10.3 School
9.10.4 Commercial Use
9.10.5 Others
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 Sound Bars Analysis and Forecast
10.1 Introduction
10.2 Europe Sound Bars 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 Sound Bars Market Size Forecast by Type
10.6.1 Active Sound Bars
10.6.2 Passive Sound Bars
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 Sound Bars Market Size Forecast by Applications
10.10.1 Household
10.10.2 Office
10.10.3 School
10.10.4 Commercial Use
10.10.5 Others
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 Sound Bars Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sound Bars 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 Sound Bars Market Size Forecast by Type
11.6.1 Active Sound Bars
11.6.2 Passive Sound Bars
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 Sound Bars Market Size Forecast by Applications
11.10.1 Household
11.10.2 Office
11.10.3 School
11.10.4 Commercial Use
11.10.5 Others
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 Sound Bars Analysis and Forecast
12.1 Introduction
12.2 Latin America Sound Bars 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 Sound Bars Market Size Forecast by Type
12.6.1 Active Sound Bars
12.6.2 Passive Sound Bars
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 Sound Bars Market Size Forecast by Applications
12.10.1 Household
12.10.2 Office
12.10.3 School
12.10.4 Commercial Use
12.10.5 Others
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) Sound Bars Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sound Bars 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) Sound Bars Market Size Forecast by Type
13.6.1 Active Sound Bars
13.6.2 Passive Sound Bars
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) Sound Bars Market Size Forecast by Applications
13.10.1 Household
13.10.2 Office
13.10.3 School
13.10.4 Commercial Use
13.10.5 Others
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 Sound Bars Market: Competitive Dashboard
14.2 Global Sound Bars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 Sony
14.3.3 VIZIO
14.3.4 Polk Audio
14.3.5 Bose
14.3.6 Yamaha
14.3.7 MartinLogan
14.3.8 Zvox
14.3.9 LG
14.3.10 Pioneer
14.3.11 Samsung
14.3.12 PyleHome
