North America Sub-Woofer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Car Audio, Home Audio, Cinema Sound, Sound Reinforcement, and Others) and End-user (Residential and Commercial)
Market Introduction
North America is categorized into the US, Canada, and Mexico. Over the years, North America has experienced rapid development in standard of living and increased adoption of appliances like smart TVs and speakers. According to the Smart Speaker Consumer Adoption Report 2020, 87.7 million adults across the US have recorded installing smart speakers in their homes. Additionally, the rapid rise in the population of the countries like the US and Canada is also propelling the adoption of sub-woofers, thereby contributing to the market's growth. Growth in demand in automotive industry is the major factor driving the growth of the North America sub-woofer market.
North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. Due to the shutdown of businesses and delay in procurement activities are affecting the supply chain and significantly impacted the market. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of sub-woofer market. The COVID-19 crisis has drastically upended operations across the value chain, from supplier networks to the customer delivery experience. The region has presence of several electronic component manufacturers, who cater advanced and innovative components for building sub-woofer. In addition, with the rising demand of entertainment at home due to shutdown of cinema halls and theater has fostered the demand for sub-woofer across the region. However, partial restriction on cargo and transport at the beginning of the pandemic resulted in disruptions in the supply chain of raw materials. The COVID-19 outbreak has severely affected these companies in production activities as well as supplying their products to their clients. However, in the coming years, the sub-woofer market is expected to foresee significant growth opportunities owing to the rising demand for home theatre based sub-woofer the region. Thus, the overall impact of COVID-19 on the North American region is moderate.
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Market Overview and Dynamics
The sub-woofer market in North America is expected to grow from US$ 266.71 million in 2021 to US$ 346.81 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The audio industry has witnessed a shift to the rise in the demand for wireless audio devices, such as Bluetooth speakers and soundbars. The increasing uptake of Bluetooth speakers and other such devices among end users is creating new revenue streams for market players. The wireless streaming of audio content is also driving the growth of this market. Nowadays, most audio systems are equipped with connectivity features, such as Bluetooth and Wi-Fi. Wireless sound systems, such as smart speakers and sub-woofers, are small and occupy a limited space than home theatre sub-woofers. Most portable devices, such as laptops, smartphones, and tablets, are implemented with Wi-Fi and Bluetooth chips, which allow the sub-woofer to run audio content wirelessly. Market players are also propelling smart speakers and sub-woofers, which contribute to its growth significantly over the forecast period. For instance, in March 2021, Sonos partnered with Audi on the in-car hi-fi. Sonos introduced its latest speaker, the Sonos Roam, its first fully portable Bluetooth speaker that doubles as a full-fledged member of a Sonos system when within reach of a home Wi-Fi network. Thus, the growing consumer interest in technologically advanced audio devices is expected to create a lucrative opportunity for the global sub-woofer market during the forecast period.
Key Market Segments
The North America 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on sub-woofer market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 others.
Reasons to buy report
- To understand the North America sub-woofer market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America sub-woofer market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Sub-Woofer Market Segmentation
North America Sub-Woofer Market –By Application
- Car Audio
- Home Audio
- Cinema Sound
- Sound Reinforcement
- Others
North America Sub-Woofer Market –By End-User
- Residential
- Commercial
North America Sub-Woofer Market -By Country
- US
- Canada
- Mexico
North America Sub-Woofer Market -Company Profiles
- Dynaudio A/S
- Harman International
- JVC Kenwood Holdings Inc.
- K-Array
- Klipsch Group Inc.
- LW Speakers Professional Sound Systems
- Paradigm Electronics Inc.
- Sony Corporation
- SV Sound
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Sub-Woofer Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Sub-Woofer Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growth in Demand in Automotive Industry
5.1.2 Increasing Popularity in Residential Home Applications and Cinemas and Theatres
5.2 Market Restraints
5.2.1 Availability of Low-quality Sub-woofers
5.3 Market Opportunities
5.3.1 Rise in Demand for Wireless Audio Devices and Smart Connectivity
5.4 Future trends
5.4.1 Rising Uptake of Home and Professional Sound Systems
5.5 Impact Analysis of Drivers and Restraints
6. Sub-Woofer Market – North America Analysis
6.1 North America Sub-Woofer Market Overview
6.2 North America Sub-Woofer Market Revenue and Forecast to 2028 (US$ Million)
7. North America Sub-Woofer Market Analysis – By Application
7.1 Overview
7.2 North America Sub-woofer Market, By Application (2020 and 2028)
7.3 Car Audio
7.3.1 Overview
7.3.2 Car Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Home Audio
7.4.1 Overview
7.4.2 Home Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cinema Sound
7.5.1 Overview
7.5.2 Cinema Sound: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Sound Reinforcement
7.6.1 Overview
7.6.2 Sound Reinforcement: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Sub-woofer Market – By End-User
8.1 Overview
8.2 North America Sub-woofer Market, By End-User (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Sub-woofer Market – Country Analysis
9.1 Overview
9.1.1 US: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1 US: Sub-woofer Market, by Application
9.1.1.2 US: Sub-woofer Market, by End-User
9.1.2 Canada: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 Canada: Sub-woofer Market, by Application
9.1.2.2 Canada: Sub-woofer Market, by End-User
9.1.3 Mexico: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Mexico: Sub-woofer Market, by Application
9.1.3.2 Mexico: Sub-woofer Market, by End-User
9.1.4 North America: Sub-woofer Market, by Key Country
10. North America Sub-woofer Market - COVID-19 Impact Analysis
10.1 Overview
11. North America Subwoofer Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product launch
12. Company Profiles
12.1 Dynaudio A/S
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 K-Array
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Harman International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sony Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SV Sound
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Paradigm Electronics Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 LW Speakers Professional Sound Systems
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Klipsch Group Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 JVC Kenwood Holdings Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Sub-woofer market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. North America: Sub-woofer Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Sub-Woofer Market Segmentation
Figure 2. North America Sub-woofer market Segmentation – By Country
Figure 3. North America Sub-Woofer Market Overview
Figure 4. Others Segment held the largest share in 2020
Figure 5. US held the largest share in 2020
Figure 6. North America: PEST Analysis
Figure 7. Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. North America Sub-woofer market Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Sub-woofer Market Revenue Share, by Application (2020 and 2028)
Figure 12. North America Car Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Home Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Cinema Sound: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Sound Reinforcement: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Others: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Sub-woofer Market Revenue Share, By End-User (2020 and 2028)
Figure 18. North America Residential: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Commercial: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: Sub-woofer Market, by Key Country-Revenue 2020 (US$ Million)
Figure 21. US: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Canada: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mexico: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Sub-woofer Market Revenue Share, by Key Country (2020 & 2028)
Figure 25. Impact of COVID-19 Pandemic in North American Country Markets
- Dynaudio A/S
- Harman International
- JVC Kenwood Holdings Inc.
- K-Array
- Klipsch Group Inc.
- LW Speakers Professional Sound Systems
- Paradigm Electronics Inc.
- Sony Corporation
- SV Sound
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America sub-woofer market.
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the sub-woofer market, as well as those hindering it
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