Portable Speaker Market By Connectivity (Bluetooth, Wi-Fi, Others) By End User (Residential, Commercial) By Distribution Channel (Online Store, Offline Store) By Price Range (Premium, Medium, Economy); By End-Use Application (Indoor, Outdoor); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032

Portable Speaker Market Insights

The global portable speaker market size was valued at around USD 6.8 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 5.3% from 2022 to 2032.The market size is projected to succeed in USD 11.5 billion by 2032.Factors such as growing inclination of people towards smart home and continuous innovations are expected to foster the growth of portable speaker market.

Increasing demand for portable entertainment: Consumers are increasingly seeking portable devices that allow them to enjoy music and other audio content on the go.

Growing popularity of outdoor activities: More people are participating in outdoor activities such as hiking, camping, and cycling, which creates a need for portable speakers.

Technological advancements: Manufacturers are constantly developing new features and technologies for portable speakers, such as waterproofing, dustproofing, and improved sound quality.

Rising disposable income: As disposable income levels increase, consumers are more likely to spend money on non-essential items such as portable speakers.

Portable Speakers Market Growth Drivers

Technological Advancements in Audio Industry

Continuous innovation and technological advancements have resulted in launch of various new and innovative speakers including wireless, Bluetooth, sound bars, among others. Further, it is anticipated that innovative categories such as smart speakers and Bluetooth speakers are likely to enjoy fastest growth in ownership as compared to other potable speakers. However, smart speakers are being extensively adopted in English speaking countries. Companies are focusing to spread their linguistic wings and it is anticipated that sales of smart speakers would also take place in regions where majority of population speaks Chinese, French, Spanish, Italian, and Japanese. In these geographies, smart speaker category is likely to witness substantial growth in the years ahead.

Increasing Adoption of Portable Speakers in Casual Users

Increasing spending of people on portable speakers is also signaling growth of the portable speaker market in the years ahead. Price promotion strategy is also acting as a potential growth driver of global portable speaker market. Initially, the demand for portable speakers has been driven intensively by low pricing of product. Moreover, the launch of entry-level devices is resulting in increased number of ownerships of portable speakers. Addition to this, new product launches is anticipated to remain a key market trend in years ahead.

Rising proliferation of connected devices have surged the demand for wireless connectivity in urban households. Further, leading companies has been focusing on quality and innovation to increase their market share.

Portable Speaker Market Segmentation

The research offers a comprehensive analysis of portable speaker market with respect to following sub-markets:

By Connectivity

On the basis of connectivity, the report has been segmented into Bluetooth, Wi-Fi and others. In 2019, Bluetooth segment accounted for a significant share of global portable speaker.

By End User

By end user, the portable speaker market has been segmented into residential and commercial. Residential sector was the leading end user in global portable speaker market. Factors such as rising adoption of connected products and increasing preference for smart homes have led to increased sales of portable speaker in residential sector.

By Distribution Channel

In distribution channel segment, offline store segment accounted for highest percentage of market share in 2019. However, online stores are believed to propel at a higher growth rate during the forecast period. Rising number of e-commerce stores and increasing internet penetration are envisioned to bolster the growth of online retailing of portable speaker market.

By Price Range

On the basis of price range, the market is segregated into premium range, medium range and economy range of portable speaker.

By Geography

- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Portable Speaker Market Competitive Landscape

The report profiles various major market players such as;

- Sony Corporation
- Koninklijke Philips N.V.
- Harman International Industries
- Bose Corporation
- Shure Incorporated
- Samsung Group
- Beats Electronics
- LG Electronics Inc.
- Plantronics
- Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.

The study also provides company’s positioning and market share in Portable Speaker market.

Timeline Considered for Analysis:

- 2021: Base Year

- 2022: Estimated Year

- 2022 to 2032: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary

Market Drivers, Trends, Challenges and Opportunities

Market Size and Forecast Projections

Macroeconomic Indicators of Various Countries Impacting the Growth of the Market

Extensive Coverage of Industry Players including Recent Product Launches and Market Activities

Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global Portable Speaker market by the following segments:

- Connectivity
- End User
- Distribution Channel
- Price Range

Geographical Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Portable Speaker Industry Report

- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?

Research Methodology
Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Issues in Global Portable Speaker Market
3. Global Portable Speaker Market Trends
4. Opportunities in Global Portable Speaker Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Portable Speaker Market Size (USD Million), Growth Analysis and Forecast, 2019-2025

9. Global Portable Speaker Market Segmentation Analysis, By Connectivity

9.1. Introduction
9.2. Market Attractiveness, By Connectivity
9.3. BPS Analysis, By Connectivity
9.4. Bluetooth Market Size & Forecast (USD Million), 2019-2025
9.5. Wi-Fi Market Size & Forecast (USD Million), 2019-2025
9.6. Others Market Size & Forecast (USD Million), 2019-2025

10. Global Portable Speaker Market Segmentation Analysis, By End User

10.1. Introduction
10.2. Market Attractiveness, By End User
10.3. BPS Analysis, By End User
10.4. Residential Market Size & Forecast (USD Million), 2019-2025
10.5. Commercial Market Size & Forecast (USD Million), 2019-2025

11. Global Portable Speaker Market Segmentation Analysis, By Distribution Channel

11.1. Introduction
11.2. Market Attractiveness, By Distribution Channel
11.3. BPS Analysis, By Distribution Channel
11.4. Online Store Market Size & Forecast (USD Million), 2019-2025
11.5. Offline Store Market Size & Forecast (USD Million), 2019-2025

12. Global Portable Speaker Market Segmentation Analysis, By Price Range

12.1. Introduction
12.2. Market Attractiveness, By Price Range
12.3. BPS Analysis, By Price Range
12.4. Premium Market Size & Forecast (USD Million), 2019-2025
12.5. Medium Market Size & Forecast (USD Million), 2019-2025
12.6. Economy Market Size & Forecast (USD Million), 2019-2025

13. Geographical Analysis

13.1. Introduction
13.2. North America Market Size & Forecast (USD Million), 2019-2025
13.2.1. By Connectivity
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Connectivity
13.2.1.3. BPS Analysis, By Connectivity
13.2.1.4. Bluetooth Market Size & Forecast (USD Million), 2019-2025
13.2.1.5. Wi-Fi Market Size & Forecast (USD Million), 2019-2025
13.2.1.6. Others Market Size & Forecast (USD Million), 2019-2025
13.2.2. By End User
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By End User
13.2.2.3. BPS Analysis, By End User
13.2.2.4. Residential Market Size & Forecast (USD Million), 2019-2025
13.2.2.5. Commercial Market Size & Forecast (USD Million), 2019-2025
13.2.3. By Distribution Channel
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Distribution Channel
13.2.3.3. BPS Analysis, By Distribution Channel
13.2.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.2.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.2.4. By Price Range
13.2.4.1. Introduction
13.2.4.2. Market Attractiveness, By Price Range
13.2.4.3. BPS Analysis, By Price Range
13.2.4.4. Premium Market Size & Forecast (USD Million), 2019-2025
13.2.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.2.4.6. Economy Market Size & Forecast (USD Million), 2019-2025
13.2.5. By Country
13.2.5.1. Market Attractiveness, By Country
13.2.5.2. BPS Analysis, By Country
13.2.5.3. U.S. Market Size & Forecast (USD Million), 2019-2025
13.2.5.4. Canada Market Size & Forecast (USD Million), 2019-2025

13.3. Europe Market Size & Forecast (USD Million), 2019-2025
13.3.1. By Connectivity
13.3.1.1. Introduction
13.3.1.2. Market Attractiveness, By Connectivity
13.3.1.3. BPS Analysis, By Connectivity
13.3.1.4. Bluetooth Market Size & Forecast (USD Million), 2019-2025
13.3.1.5. Wi-Fi Market Size & Forecast (USD Million), 2019-2025
13.3.1.6. Others Market Size & Forecast (USD Million), 2019-2025
13.3.2. By End User
13.3.2.1. Introduction
13.3.2.2. Market Attractiveness, By End User
13.3.2.3. BPS Analysis, By End User
13.3.2.4. Residential Market Size & Forecast (USD Million), 2019-2025
13.3.2.5. Commercial Market Size & Forecast (USD Million), 2019-2025
13.3.3. By Distribution Channel
13.3.3.1. Introduction
13.3.3.2. Market Attractiveness, By Distribution Channel
13.3.3.3. BPS Analysis, By Distribution Channel
13.3.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.3.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.3.4. By Price Range
13.3.4.1. Introduction
13.3.4.2. Market Attractiveness, By Price Range
13.3.4.3. BPS Analysis, By Price Range
13.3.4.4. Premium Market Size & Forecast (USD Million), 2019-2025
13.3.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.3.4.6. Economy Market Size & Forecast (USD Million), 2019-2025
13.3.5. By Country
13.3.5.1. Market Attractiveness, By Country
13.3.5.2. BPS Analysis, By Country
13.3.5.3. Germany Market Size & Forecast (USD Million), 2019-2025
13.3.5.4. United Kingdom Market Size & Forecast (USD Million), 2019-2025
13.3.5.5. France Market Size & Forecast (USD Million), 2019-2025
13.3.5.6. Italy Market Size & Forecast (USD Million), 2019-2025
13.3.5.7. Spain Market Size & Forecast (USD Million), 2019-2025
13.3.5.8. Russia Market Size & Forecast (USD Million), 2019-2025
13.3.5.9. Rest of Europe Market Size & Forecast (USD Million), 2019-2025

13.4. Asia Pacific Market Size & Forecast (USD Million), 2019-2025
13.4.1. By Connectivity
13.4.1.1. Introduction
13.4.1.2. Market Attractiveness, By Connectivity
13.4.1.3. BPS Analysis, By Connectivity
13.4.1.4. Bluetooth Market Size & Forecast (USD Million), 2019-2025
13.4.1.5. Wi-Fi Market Size & Forecast (USD Million), 2019-2025
13.4.1.6. Others Market Size & Forecast (USD Million), 2019-2025
13.4.2. By End User
13.4.2.1. Introduction
13.4.2.2. Market Attractiveness, By End User
13.4.2.3. BPS Analysis, By End User
13.4.2.4. Residential Market Size & Forecast (USD Million), 2019-2025
13.4.2.5. Commercial Market Size & Forecast (USD Million), 2019-2025
13.4.3. By Distribution Channel
13.4.3.1. Introduction
13.4.3.2. Market Attractiveness, By Distribution Channel
13.4.3.3. BPS Analysis, By Distribution Channel
13.4.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.4.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.4.4. By Price Range
13.4.4.1. Introduction
13.4.4.2. Market Attractiveness, By Price Range
13.4.4.3. BPS Analysis, By Price Range
13.4.4.4. Premium Market Size & Forecast (USD Million), 2019-2025
13.4.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.4.4.6. Economy Market Size & Forecast (USD Million), 2019-2025
13.4.5. By Country
13.4.5.1. Market Attractiveness, By Country
13.4.5.2. BPS Analysis, By Country
13.4.5.3. China Market Size & Forecast (USD Million), 2019-2025
13.4.5.4. India Market Size & Forecast (USD Million), 2019-2025
13.4.5.5. Japan Market Size & Forecast (USD Million), 2019-2025
13.4.5.6. South Korea Market Size & Forecast (USD Million), 2019-2025
13.4.5.7. Indonesia Market Size & Forecast (USD Million), 2019-2025
13.4.5.8. Taiwan Market Size & Forecast (USD Million), 2019-2025
13.4.5.9. Australia Market Size & Forecast (USD Million), 2019-2025
13.4.5.10. New Zealand Market Size & Forecast (USD Million), 2019-2025
13.4.5.11. Rest of Asia Pacific Market Size & Forecast (USD Million), 2019-2025

13.5. Latin America Market Size & Forecast (USD Million), 2019-2025
13.5.1. By Connectivity
13.5.1.1. Introduction
13.5.1.2. Market Attractiveness, By Connectivity
13.5.1.3. BPS Analysis, By Connectivity
13.5.1.4. Bluetooth Market Size & Forecast (USD Million), 2019-2025
13.5.1.5. Wi-Fi Market Size & Forecast (USD Million), 2019-2025
13.5.1.6. Others Market Size & Forecast (USD Million), 2019-2025
13.5.2. By End User
13.5.2.1. Introduction
13.5.2.2. Market Attractiveness, By End User
13.5.2.3. BPS Analysis, By End User
13.5.2.4. Residential Market Size & Forecast (USD Million), 2019-2025
13.5.2.5. Commercial Market Size & Forecast (USD Million), 2019-2025
13.5.3. By Distribution Channel
13.5.3.1. Introduction
13.5.3.2. Market Attractiveness, By Distribution Channel
13.5.3.3. BPS Analysis, By Distribution Channel
13.5.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.5.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.5.4. By Price Range
13.5.4.1. Introduction
13.5.4.2. Market Attractiveness, By Price Range
13.5.4.3. BPS Analysis, By Price Range
13.5.4.4. Premium Market Size & Forecast (USD Million), 2019-2025
13.5.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.5.4.6. Economy Market Size & Forecast (USD Million), 2019-2025
13.5.5. By Country
13.5.5.1. Market Attractiveness, By Country
13.5.5.2. BPS Analysis, By Country
13.5.5.3. Brazil Market Size & Forecast (USD Million), 2019-2025
13.5.5.4. Mexico Market Size & Forecast (USD Million), 2019-2025
13.5.5.5. Rest of Latin America Market Size & Forecast (USD Million), 2019-2025

13.6. Middle East & Africa Market Size & Forecast (USD Million), 2019-2025
13.6.1. By Connectivity
13.6.1.1. Introduction
13.6.1.2. Market Attractiveness, By Connectivity
13.6.1.3. BPS Analysis, By Connectivity
13.6.1.4. Bluetooth Market Size & Forecast (USD Million), 2019-2025
13.6.1.5. Wi-Fi Market Size & Forecast (USD Million), 2019-2025
13.6.1.6. Others Market Size & Forecast (USD Million), 2019-2025
13.6.2. By End User
13.6.2.1. Introduction
13.6.2.2. Market Attractiveness, By End User
13.6.2.3. BPS Analysis, By End User
13.6.2.4. Residential Market Size & Forecast (USD Million), 2019-2025
13.6.2.5. Commercial Market Size & Forecast (USD Million), 2019-2025
13.6.3. By Distribution Channel
13.6.3.1. Introduction
13.6.3.2. Market Attractiveness, By Distribution Channel
13.6.3.3. BPS Analysis, By Distribution Channel
13.6.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.6.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.6.4. By Price Range
13.6.4.1. Introduction
13.6.4.2. Market Attractiveness, By Price Range
13.6.4.3. BPS Analysis, By Price Range
13.6.4.4. Premium Market Size & Forecast (USD Million), 2019-2025
13.6.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.6.4.6. Economy Market Size & Forecast (USD Million), 2019-2025
13.6.5. By Geography
13.6.5.1. Market Attractiveness, By Geography
13.6.5.2. BPS Analysis, By Geography
13.6.5.3. GCC Market Size & Forecast (USD Million), 2019-2025
13.6.5.4. North Africa Market Size & Forecast (USD Million), 2019-2025
13.6.5.5. South Africa Market Size & Forecast (USD Million), 2019-2025
13.6.5.6. Rest of Middle East & Africa Market Size & Forecast (USD Million), 2019-2025

14. Competitive Landscape

14.1. Market Share of Key Players
14.2. Market Positioning of Major Players in Global Portable Speaker Market
14.3. Company Profiles
14.3.1. Sony Corporation
14.3.2. Koninklijke Philips N.V.
14.3.3. Harman International Industries
14.3.4. Bose Corporation
14.3.5. Shure Incorporated
14.3.6. Samsung Group
14.3.7. Beats Electronics
14.3.8. LG Electronics Inc.
14.3.9. Plantronics
14.3.10. Other Major & Niche Players