The subwoofer market size is projected to reach US$ 1905.45 million by 2031 from US$ 1132.89 million in 2023. The market is expected to register a CAGR of 6.7% during 2023–2031. The growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres are likely to be the key drivers and trends of the market.
The subwoofer market is experiencing a significant growth globally. This growth is attributed to factors such as the growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres. Moreover, the rise in demand for wireless audio devices and smart connectivity and the increasing uptake of home and professional sound systems are anticipated to hold several opportunities for the subwoofer market.
A subwoofer is another word for a speaker, and it’s dedicated to reproducing that throbbing low-frequency, bass-heavy beat you can feel in your bones at the club or during an action-packed scene at a movie theatre. Low-frequency sounds with the addition of a subwoofer include bass-heavy songs, kick drums, a rumbling movie, TV sound effects, and more.
A subwoofer completes the lack of bass from the car's main speakers. The result is a richer, livelier and more realistic listening experience. This is why the bass reproduction is often much better than the vehicle's original installation. The majority of car stereo speakers start dropping off at around 50Hz. But a quality subwoofer will reproduce low frequencies down to 20Hz or lower.
Moreover, many companies offer subwoofers for automotive. For example, HARMAN International Industries launched the new Infinity Reference series, a collection of shallow-mount subwoofers. Offering good design and engineered to deliver powerful bass, the new speakers will bring the car listening experience to an entirely new level.
The rise in demand for wireless audio devices and smart connectivity is anticipated to hold several opportunities for the market. Subwoofers that integrate seamlessly with wireless audio systems are highly attractive. As consumers invest in wireless speakers and home audio systems, the demand for compatible sub-woofers increases. Moreover, the number of companies providing wireless audio devices is increasing. Companies such as Boat, zebronics, JBL, etc.
Key segments that contributed to the derivation of the subwoofer market analysis are application and end users.
The geographic scope of the subwoofer market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the subwoofer market. High technology adoption trends in various industries in the North American region have fuelled the growth of the subwoofer market. Factors such as increased adoption of digital tools, high technological spending by government agencies, the growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres are expected to drive the North America subwoofer market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of subwoofer market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the subwoofer market.
The regional trends and factors influencing the Subwoofer Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Subwoofer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1132.89 Million |
| Market Size by 2031 | US$ 1905.45 Million |
| Global CAGR (2023 - 2031) | 6.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Subwoofer Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Subwoofer Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The subwoofer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the subwoofer market are listed below:
The “Subwoofer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The expected CAGR of the subwoofer market is 6.7%.
The key players holding majority shares in the global subwoofer market are Dynaudio A/S, K-Array, Harman International, Sony Corporation, SV Sound, Pioneer India Electronics Pvt. Ltd., Paradigm Electronics Inc., LW Speakers Professional Sound Systems, Klipsch Group Inc., JVC Kenwood Holdings Inc.
The increasing uptake of home and professional sound systems is anticipated to drive the market in the forecast period.
North America is anticipated to dominate the subwoofer market in 2023.
The growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres are some of the factors driving the subwoofer market.
The global subwoofer market is expected to reach US$ 1905.45 million by 2031.