DUBLIN--(BUSINESS WIRE )--The "Loudspeakers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Loudspeakers Market to Reach $8.8 Billion by 2026

The global market for Loudspeakers WAS estimated at US$6.2 Billion in the year 2020, and is projected to reach a revised size of US$8.8 Billion by 2026, growing at a CAGR of 5.9% over the analysis period.

Market prospects for loudspeakers closely follow consumer sentiments and confidence, disposable personal income levels, household debt levels, personal spending patterns especially on durable goods including entertainment products and penetration home audio equipment such as DVD/Blu-Ray players, MP3 players, Home Theater Systems, and PC media centers.

Future growth in the market is poised to benefit from the growing use of mobile phones for playing digital music and the ensuing rise in popularity of portable, smartphone and tablet speakers, and docking speakers with wireless/Bluetooth capabilities. Portable speakers and soundbars will magnetize growth, given their primary advantage of high quality sound in a small form factor.

The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $1.8 Billion by 2026

The Loudspeakers market in the U.S. is estimated at US$1.7 Billion in the year 2021. The country currently accounts for a 27% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.8 Billion in the year 2026 trailing a CAGR of 9.1% through the analysis period.

The need to wirelessly beam streamed music into every room in a home is driving demand for wireless speakers. Wireless speakers are the fallout of the massive rise of digital music and the resulting collection of music on hand-held devices which brought portability into the spotlight as a vital need.

Portable speakers, smart speakers, and soundbars are poised to benefit from the growing use of mobile phones for playing digital music. The ensuing rise in popularity of portable, smartphone and tablet speakers, and docking speakers with wireless/Bluetooth capabilities is also expected to boost further growth prospects.

For more information about this report visit https://www.researchandmarkets.com/r/uaoj83

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900