Commercial Segment to Dominate MEA Sub-Woofer Market during 2021–2028

According to a new market research study on “MEA Sub-Woofer Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End-User” is expected to reach US$ 9.29 million by 2028 from US$ 7.43 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the MEA sub-woofer market along with the drivers and restraints pertaining to the market growth. Increasing uptake of home and professional sound systems is the major factor driving the growth of the MEA sub-woofer market. However, issues associated with the availability of low-quality subwoofers hinder the growth of MEA sub-woofer market.  

The MEA sub-woofer market is segmented into type, application and country. In terms of application, the sub-woofer market is categorized into car audio, home audio, cinema sound, sound reinforcement, and others. The others segment dominated the market in 2020 and cinema sound segment is expected to be the fastest growing during the forecast period. Based on end-user, the sub-woofer market is categorized into residential and commercial. The commercial segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, MEA sub-woofer market is classified into South Africa, UAE, and Rest of MEA.

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the economic effects of COVID-19 in the Middle East and Africa (MEA). Moreover, the recent nationwide lockdown across South Africa, Saudi Arabia an UAE also have also negatively impacted the development of sub-woofer, and thus the region is expected to witness a slight decline in the market growth its various countries during the coming few months. On the contrary, the outbreak has compelled a large number of people to stay indoors, and it has also been a key force driving the adoption of home theatres. As, the COVID-19 pandemic has propelled the trend of bringing entertainment at home in the Middle East and Africa, which further boosted the demand for home theatre systems and audio system, thereby fuelling the sub-woofer market growth. Hence, the overall impact of COVID-19 on MEA region is moderate.

Dynaudio A/S, Harman International, JVC Kenwood Holdings Inc., K-Array, Klipsch Group Inc., LW Speakers Professional Sound Systems, Paradigm Electronics Inc., Sony Corporation, and SV Sound are among the leading companies in the MEA sub-woofer market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, K-array has unveiled a new line of audio solutions with the aim of introducing new technologies into the products while targeting budget-sensitive yet highly demanding applications.

MEA Sub-Woofer Market, By Country, 2020 and 2028 (%) 

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