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TMCNet:  Portable Speaker Market Size to Grow by USD 16.36 billion| Find Future Trends, Analysis, and Insights | Technavio

[May 11, 2022]

Portable Speaker Market Size to Grow by USD 16.36 billion| Find Future Trends, Analysis, and Insights | Technavio

Growing popularity of multi-room streaming will be one of the key trends in the portable speaker market during 2022-2026

NEW YORK, May 11, 2022 /PRNewswire/ -- The global portable speaker market is a part of the global consumer electronics market within the global household durables market. Apart from the market in focus, Technavio's market analysis reports also provide in-depth coverage of the external factors influencing the parent market growth potential in the coming years.

In this report, Technavio defines 2021 as the base year and 2022-2026 as the forecast period. The size of the portable speaker market is anticipated to grow by USD 16.36 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 18.28% during the forecast period. Our report describes in detail the various factors that are responsible for the market growth and the growth momentum.

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What are the Some of the Topics Covered in this Report?

  • Overview of the Market
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Factors Impacting Market Growth
  • Vendor Analysis

What are the Various Segments Covered in this Report?



Segmentation

Segments

Distribution Channel

Offline and Online

Geography

APAC, North America, Europe, Middle East and Africa, and South America

Technology

Wireless and Wired

What are the Factors Driving the Growth of the Portable Speaker Market?

The growth of the portable speaker market will be driven by the rise in the number of smart homes. In these homes, all consumer electronic devices, media and entertainment gadgets, and other smart electronics are connected to the home network. Wireless portable speakers facilitate the communication between the devices connected to the home network and provide easy streaming of content such as music and videos.

What are the Trends Supporting the Growth of the Portable Speaker Market?

Growing popularity of multi-room streaming is a key trend that will support the growth of the portable speaker market. Audio devices can be wirelessly connected with technologies such as Bluetooth, Wi-Fi, or AirPlay, even if the speakers are located in different rooms. Bluetooth speakers constitute more than 75% of the portable speaker market.

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Which are the Major Vendors Operating in the Portable Speaker Market?

According to Technavio, the major vendors operating in the portable speaker market include Aliph Brands LLC, Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Masimo Corp., Panasonic Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., Truvison Industries Pvt. Ltd., Yamaha Corp., and ZAGG Inc. among others.

Is the Market Fragmented or Concentrated?

The portable speaker market is fragmented and the vendors are deploying growth strategies such as technological innovations and the expansion of the operations to compete in the market. Vendors compete in terms of differentiated product offerings as well as business expansions. Some of the major players have a vast geographical presence and greater market outreach.

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Portable Speaker Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.28%

Market growth 2022-2026

USD 16.36 billion

Market structure

Fragmented

YoY growth (%)

17.56

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aliph Brands LLC, Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Masimo Corp., Panasonic Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., Truvison Industries Pvt. Ltd., Yamaha Corp., and ZAGG Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 27: Chart on Comparison by Distribution Channel
    • Exhibit 28: Data Table on Comparison by Distribution Channel
  • 5.3 Offline - Market size and forecast 2021-2026
    • Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 5.4 Online - Market size and forecast 2021-2026
    • Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 37: Market opportunity by Distribution Channel ($ million)

6 Market Segmentation by Technology

  • 6.1 Market segments
    • Exhibit 38: Chart on Technology - Market share 2021-2026 (%)
    • Exhibit 39: Data Table on Technology - Market share 2021-2026 (%)
  • 6.2 Comparison by Technology
    • Exhibit 40: Chart on Comparison by Technology
    • Exhibit 41: Data Table on Comparison by Technology
  • 6.3 Wireless - Market size and forecast 2021-2026
    • Exhibit 42: Chart on Wireless - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Wireless - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Wireless - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Wireless - Year-over-year growth 2021-2026 (%)
  • 6.4 Wired - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Wired - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Wired - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Wired - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Wired - Year-over-year growth 2021-2026 (%)
  • 6.5 Market opportunity by Technology
    • Exhibit 50: Market opportunity by Technology ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 54: Chart on Geographic comparison
    • Exhibit 55: Data Table on Geographic comparison
  • 8.3 APAC - Market size and forecast 2021-2026
    • Exhibit 56: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 57: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 58: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 59: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 8.4 North America - Market size and forecast 2021-2026
    • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 8.5 Europe - Market size and forecast 2021-2026
    • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 8.6 South America - Market size and forecast 2021-2026
    • Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 8.8 China - Market size and forecast 2021-2026
    • Exhibit 76: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 8.9 US - Market size and forecast 2021-2026
    • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 8.10 Germany - Market size and forecast 2021-2026
    • Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 8.11 Japan - Market size and forecast 2021-2026
    • Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 8.12 UK - Market size and forecast 2021-2026
    • Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography
    • Exhibit 96: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges
    • Exhibit 97: Impact of drivers and challenges in 2021 and 2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 99: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 100: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 101: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 102: Matrix on vendor position and classification
  • 11.3 Altec Lansing Inc.
    • Exhibit 103: Altec Lansing Inc. - Overview
    • Exhibit 104: Altec Lansing Inc. - Product / Service
    • Exhibit 105: Altec Lansing Inc. - Key offerings
  • 11.4 Apple Inc.
    • Exhibit 106: Apple Inc. - Overview
    • Exhibit 107: Apple Inc. - Business segments
    • Exhibit 108: Apple Inc. - Key news
    • Exhibit 109: Apple Inc. - Key offerings
    • Exhibit 110: Apple Inc. - Segment focus
  • 11.5 Bose Corp.
    • Exhibit 111: Bose Corp. - Overview
    • Exhibit 112: Bose Corp. - Product / Service
    • Exhibit 113: Bose Corp. - Key news
    • Exhibit 114: Bose Corp. - Key offerings
  • 11.6 Creative Technology Ltd.
    • Exhibit 115: Creative Technology Ltd. - Overview
    • Exhibit 116: Creative Technology Ltd. - Business segments
    • Exhibit 117: Creative Technology Ltd. - Key offerings
    • Exhibit 118: Creative Technology Ltd. - Segment focus
  • 11.7 Koninklijke Philips NV
    • Exhibit 119: Koninklijke Philips NV - Overview
    • Exhibit 120: Koninklijke Philips NV - Business segments
    • Exhibit 121: Koninklijke Philips NV - Key news
    • Exhibit 122: Koninklijke Philips NV - Key offerings
    • Exhibit 123: Koninklijke Philips NV - Segment focus
  • 11.8 LG Electronics Inc.
    • Exhibit 124: LG Electronics Inc. - Overview
    • Exhibit 125: LG Electronics Inc. - Business segments
    • Exhibit 126: LG Electronics Inc. - Key news
    • Exhibit 127: LG Electronics Inc. - Key offerings
    • Exhibit 128: LG Electronics Inc. - Segment focus
  • 11.9 Panasonic Corp.
    • Exhibit 129: Panasonic Corp. - Overview
    • Exhibit 130: Panasonic Corp. - Business segments
    • Exhibit 131: Panasonic Corp. - Key offerings
    • Exhibit 132: Panasonic Corp. - Segment focus
  • 11.10 Samsung Electronics Co. Ltd.
    • Exhibit 133: Samsung Electronics Co. Ltd. - Overview
    • Exhibit 134: Samsung Electronics Co. Ltd. - Business segments
    • Exhibit 135: Samsung Electronics Co. Ltd. - Key news
    • Exhibit 136: Samsung Electronics Co. Ltd. - Key offerings
    • Exhibit 137: Samsung Electronics Co. Ltd. - Segment focus
  • 11.11 Sennheiser electronic GmbH and Co. KG
    • Exhibit 138: Sennheiser electronic GmbH and Co. KG - Overview
    • Exhibit 139: Sennheiser electronic GmbH and Co. KG - Business segments
    • Exhibit 140: Sennheiser electronic GmbH and Co. KG - Key offerings
    • Exhibit 141: Sennheiser electronic GmbH and Co. KG - Segment focus
  • 11.12 Sony Group Corp.
    • Exhibit 142: Sony Group Corp. - Overview
    • Exhibit 143: Sony Group Corp. - Business segments
    • Exhibit 144: Sony Group Corp. - Key offerings
    • Exhibit 145: Sony Group Corp. - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist
    • Exhibit 146: Inclusions checklist
    • Exhibit 147: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 148: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 149: Research methodology
    • Exhibit 150: Validation techniques employed for market sizing
    • Exhibit 151: Information sources
  • 12.5 List of abbreviations
    • Exhibit 152: List of abbreviations

 About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 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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Email:media@technavio.com
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