Others Segment to Dominate Europe Sub-Woofer Market during 2021–2028

According to a new market research study on “Europe Sub-Woofer Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End-User” is expected to reach US$ 154.04 million by 2028 from US$ 128.14 million in 2021. The market is estimated to grow at a CAGR of 2.7% from 2021 to 2028. The report provides trends prevailing in the Europe sub-woofer market along with the drivers and restraints pertaining to the market growth. Increasing popularity in residential home applications and cinemas and theatres is the major factor driving the growth of the Europe sub-woofer market. However, issues associated with the availability of low-quality subwoofers hinder the growth of Europe sub-woofer market.  

The Europe 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, Europe sub-woofer market is classified into Germany, France, Italy, UK, Russia, and Rest of Europe.

The impact of COVID-19 varied from country to country across the European region, as selected countries witnessed a surge in number of confirmed cases and subsequently attracted stringent as well as longer lockdown period or social isolation. However, western European countries such as Germany, France, Russia, the United Kingdom and other owing to robust healthcare infrastructure have witnessed a comparatively moderate decline in their production activities. Countries such as UK, Italy, and Germany are expected to have bigger impact on the economy. The imbalance in the demand and supply side, and the lockdown phase in several European countries will have the significant negative impact on the sub-woofer market in the year 2020. The lesser production of products is hampering the growth of the sub-woofer market as there was shutdown of production plants and scarcity of labors. Moreover, the immediate effects of the crisis have been diverse and have affected almost all the main branches of the audiovisual sector, ranging from the interruption of ongoing production projects to the shutdown of cinemas. Cinemas across the European Union saw 69.0 % drop-in box-office numbers in 2020, accounting for a total decrease of €4 billion in revenues compared to 2019. However, the market is expected to have significant growth in forecast period. Thus, the overall impact of COVID-19 on the European 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 Europe 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.

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

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