NEW YORK, Aug. 3, 2021 /PRNewswire/ — The soundbar market is set to grow by USD 2.07 billion, progressing at a CAGR of almost 8% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 2 Expect LLC, Altec Lansing Inc., B & W Group Ltd., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., and Sony Corp. are some of the major market participants. The increase in the number of smart homes will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Soundbar Market 2021-2025: Segmentation
Soundbar Market is segmented as below:
- Music Players
- TV Sets
- North America
- South America
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Soundbar Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the soundbar market in the consumer electronics industry include 2 Expect LLC, Altec Lansing Inc., B & W Group Ltd., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., and Sony Corp. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market.
The report also covers the following areas:
- Soundbar Market size
- Soundbar Market trends
- Soundbar Market industry analysis
The soundbar market is fragmented, and the degree of fragmentation will accelerate. The increase in the number of smart homes will offer immense growth opportunities. However, the presence of counterfeit products will hamper the market growth.
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Backed with competitive intelligence and benchmarking, our research report on the soundbar market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
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Soundbar Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist soundbar market growth during the next five years
- Estimation of the soundbar market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the soundbar market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of soundbar market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Music players – Market size and forecast 2020-2025
- TV sets – Market size and forecast 2020-2025
- Computers – Market size and forecast 2020-2025
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 2 Expect LLC
- Altec Lansing Inc.
- B & W Group Ltd.
- Bose Corp.
- Koninklijke Philips NV
- LG Electronics Inc.
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Sharp Corp.
- Sony Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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