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

According to a new market research study on “North America Sub-Woofer Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End-User” is expected to reach US$ 346.81 million by 2028 from US$ 266.71 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the North America sub-woofer market along with the drivers and restraints pertaining to the market growth. Growth in demand in automotive industry is the major factor driving the growth of the North America sub-woofer market. However, issues associated with the availability of low-quality subwoofers hinder the growth of North America sub-woofer market.  

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. Based on country, North America sub-woofer market is classified into US, Canada, and Mexico.

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.

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 North America 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, The Danish loudspeaker manufacturer Dynaudio has announced that it is joining the Azione Unlimited, the Smart Home Association as they buying group’s newest vendor member.

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

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com