According to a new market report published by Lucintel, the future of the global portable bluetooth speaker market looks promising with opportunities in the residential and commercial markets. The global portable bluetooth speaker market is expected to grow with a CAGR of 11% to 13% from 2023 to 2028. The major drivers for this market are growing accessibility to online streaming services and increasing penetration of audio streaming technology in applications like wireless speaker and in-car-infotainment systems.
Residential and commercial are the major market segments of the portable bluetooth speaker market by application. On the basis of its comprehensive research, Lucintel forecasts that residential will remain the largest segment over the forecast period due to increasing penetration of home theatre systems and smart homes.
Within this market, Offline is expected to remain the largest distribution segment as it enables customers to analyse technology in detail so as to witness a practical experience of the same.
North America will remain the largest region due to increase in number of smart home systems along with growing demand of wireless-based audio devices in US and Canada.
Bose, Harman International, Apple, Sony, Samsung, Koninklijke Philips, LG Electronics, Yamaha, Beats Electronics, and Plantronics, are the major suppliers in the global portable bluetooth speaker market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global portable bluetooth speaker market by application, portability, distribution channel, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Portable Bluetooth Speaker Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global portable bluetooth speaker market by application, portability, distribution channel, and region, as follows:
Portable Bluetooth Speaker Market by Application [Value ($M) and Volume (Million Units) Shipment Analysis from 2017 to 2028]:
· Residential
· Commercial
Portable Bluetooth Speaker Market by Portability [Value ($M) and Volume (Million Units) Shipment Analysis from 2017 to 2028]:
· Portable
· Fixed
Portable Bluetooth Speaker Market by Distribution Channel [Value ($M) and Volume (Million Units) Shipment Analysis from 2017 to 2028]:
· Offline
· Online
Portable Bluetooth Speaker Market by Region [Value ($M) and Volume (Million Units) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Portable Bluetooth Speaker Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the portable bluetooth speaker market by application (commercial and residential), portability (portable and fixed), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?