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Loudspeaker Subwoofer Market

Market Insights on Loudspeaker Subwoofer covering sales outlook, demand forecast & up-to-date key trends

Loudspeaker Subwoofer Market by Application, End User & Region - Forecast 2022 - 2032

Loudspeaker Subwoofer Market Snapshot

The global sales of loudspeaker subwoofers are anticipated to grow at a moderate CAGR of around 5.0% during the forecast period between 2022 and 2032. Growth is attributed to the rising demand for loudspeaker subwoofers in applications like car audio, sound reinforcement, and home audio.

Report Attribute

Details

Loudspeaker Subwoofer Market Projected Growth Rate (2022-2032)

5% CAGR

Loudspeaker subwoofers are a type of speaker designed to reproduce low-pitched audio frequencies called bass and sub-bass. Their frequency typically ranges from 20 Hertz to 200 Hertz for most consumer products, below 100 Hz for professional live sound, and below 80Hz in THX certified systems. They are usually made up of one or more woofers mounted in loudspeaker enclosures made of various materials.

In recent years demand for loudspeaker subwoofers has witnessed a significant rise across various end use verticals such as homes, automotive sector, and entertainment industry, and the trend is likely to continue during the forecast period. These loudspeaker subwoofers boost low frequencies of loudspeakers that are intended to cover higher frequency bands. They augment the bass capability of the main speakers and enable the listener to feel the sound

Growing adoption of home theater sound systems and increasing need for improving the sound quality in cinema theaters is expected to boost the sales of loudspeaker subwoofers during the forecast period.

Loudspeaker subwoofer enclosures are available in a variety of designs which includes bass reflex, infinite baffle, tapped horn, acoustic suspension and others.

Which are Some Prominent Drivers Spearheading Loudspeaker Subwoofer Market Growth

Rising adoption of loudspeakers for aural communication in conferences, seminars, and other places with large audience, innovations in loudspeakers subwoofer design and size, changing consumer preference and lifestyle, surging adoption of home theater audio systems, and growing demand from entertainment industry are some of the major factors driving the global loudspeaker subwoofer market.

Loudspeaker Subwoofers have gained immense traction across residential and commercial sectors during the last few years due to their ability to reproduce a wide range of frequencies transmitted by audio sources in homes or professional theatres. They are especially ideal for home theater and car stereo systems, as they are compact and easy to set up.

People are increasingly installing loudspeaker subwoofers at homes and theaters for a better sound experience. The audio quality (frequency) that these loudspeaker subwoofers are capable of producing will continue to act as a catalyst for market growth during the forecast period.

Similarly, increasing spending by people on home theatre coupled with rapid expansion of entertainment industry worldwide is expected to generate growth opportunities for the manufactures of loudspeaker subwoofers during the forecast period.

In addition to this, growing adoption of loudspeaker subwoofers in automotive industry and rising popularity of wireless audio and video systems will assist market growth during the forthcoming period.

Today, people, especially the younger generation, are spending large amounts on modifying their vehicle sound systems for a better audio experience. This factor will continue to boost sales of loudspeaker subwoofers during the assessment period.

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Which Factors are Challenging the Growth of Loudspeaker Subwoofer Industry

Despite its optimistic stance, the global loudspeaker subwoofer market is facing various challenges that are likely to restrain its growth during the forecast period. Some of these factors are the sound distortion issues with certain subwoofers and availability of poorly designed and cheap loudspeaker subwoofers.

Similarly, delicate nature of loudspeaker subwoofers is also limiting market growth to some extent.

Will North America Continue its Dominance in the Global Loudspeaker Subwoofer Market

As per FMI, North America accounted for the largest share of the global loudspeaker subwoofer market in 2022 and is forecast to retain its dominance during the forecast period. Growth is attributable to the rising applications of loudspeaker subwoofers across various industries, rising adoption of home theater audio systems, advancements in subwoofers, and heavy presence of leading manufacturers.

The United States remains at the epicenter of the North American loudspeaker subwoofer market growth owing to the rising consumer spending on home theaters, growing demand for better audio sound systems for vehicles, and rapid increase in music concerts.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How Will Growth Unfold in Asia Pacific

According to Future Market Insights, the loudspeaker subwoofer market in Asia Pacific is expected to grow at a relatively faster CAGR during the assessment period, owing to the rapid expansion of end-use verticals, ever-rising trend of research and development in loudspeaker subwoofer and loudspeaker related fields, and large presence of regional and domestic market players.

Market Competition

Some of the key participants present in the global loudspeaker subwoofer market include Polk Audio, Yamaha Corporation, Klipsch Group, Inc., SVS Inc., Samsung, ELAC Electroacustic GmbH; Sonos, Inc., BIC America, Rockford Corp., JL Audio, Alpine Electronics, Inc., Kicker Audio (Stillwater Designs), MTX International, and Pioneer Electronics (USA) Inc., among others.

The global loudspeaker market is highly competitive in nature due to a large presence of regional and domestic players. In order to capitalize and increase their sales, leading players are adopting various growth strategies such as new product launches, partnerships, acquisitions, collaborations, adoption of online sales channels, and spending in research and development.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Application
  • End User
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Polk Audio
  • Yamaha Corporation
  • Klipsch Group, Inc.
  • SVS Inc.
  • Samsung
  • ELAC Electroacustic GmbH
  • Sonos, Inc.
  • BIC America
  • Rockford Corp.
  • JL Audio
  • Alpine Electronics, Inc.
  • Kicker Audio (Stillwater Designs)
  • MTX International
  • Pioneer Electronics (USA) Inc., among others.

Customization

Available Upon Request

Key Segments Profiled in the Loudspeaker Subwoofer Industry Survey

By Application:

  • Car Audio
  • Home Audio
  • Cinema Sound
  • Sound Reinforcement
  • Other Applications

By End User:

  • Residential
  • Commercial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global loudspeaker subwoofer market to expand at around 5% CAGR over the assessment period.

As pe FMI, Asia Pacific is expected generate lucrative opportunities for the loudspeaker subwoofer market growth during the forecast period.

Some of the key participants present in the global loudspeaker subwoofer market include Polk Audio, Yamaha Corporation, Klipsch Group, Inc., SVS Inc., Samsung, and Sonos, Inc. are some prominent loudspeaker subwoofer manufacturers

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Loudspeaker Subwoofer Market