North America Sub-Woofer Market

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.

North America Sub-Woofer Strategic Insights

Strategic insights for the North America Sub-Woofer provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Sub-Woofer Report Scope

North America Sub-Woofer Regional Insights

The geographic scope of the North America Sub-Woofer refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America sub-woofer market
• Efficiently plan M&A and partnership deals in North America sub-woofer market by identifying market segments with the most promising probable sales
• 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