Europe Sub-Woofer Market to Grow at a CAGR of 2.7% to reach US$ 154.04 million from 2021 to 2028

The sub-woofer market in Europe is expected to grow from US$ 128.14 million in 2021 to US$ 154.04 million by 2028; it is estimated to grow at a CAGR of 2.7% from 2021 to 2028.

Sub-woofers are essential because most audio or home theatre system speakers cannot reproduce all audio source frequencies. So, continuous technological innovations in home audio systems and increasing demand for high-performance home theaters are propelling the adoption of sub-woofers in these systems. Moreover, the rising application of wireless or Bluetooth speakers and home audio systems and their online connectivity via the internet for music and video content is propelling the demand for Wi-Fi and Bluetooth speakers, positively impacting the sub-woofer market. The increase in product development by market players in the home application segment is also propelling the market. For instance, in 2021, Sonos announced the imminent launch of a mini sub-woofer to boost home cinema. It is impossible to imagine a modern cinema without thunderous deep sound. Modern cinema and cinema technologies, such as Dolby Atoms, Roman Theater, and others, have been supportive of the uptake of sub-woofers. The upswing in demand for high-performance, rigid and reliable cinema sub-woofers is aiding the market.

The impact of COVID-19 varied from country to country across the European region, as selected countries witnessed a surge in number of confirmed cases and subsequently attracted stringent as well as longer lockdown period or social isolation. However, western European countries such as Germany, France, Russia, the United Kingdom and other owing to robust healthcare infrastructure have witnessed a comparatively moderate decline in their production activities. Countries such as UK, Italy, and Germany are expected to have bigger impact on the economy. The imbalance in the demand and supply side, and the lockdown phase in several European countries will have the significant negative impact on the sub-woofer market in the year 2020. The lesser production of products is hampering the growth of the sub-woofer market as there was shutdown of production plants and scarcity of labors. Moreover, the immediate effects of the crisis have been diverse and have affected almost all the main branches of the audiovisual sector, ranging from the interruption of ongoing production projects to the shutdown of cinemas. Cinemas across the European Union saw 69.0 % drop-in box-office numbers in 2020, accounting for a total decrease of €4 billion in revenues compared to 2019. However, the market is expected to have significant growth in forecast period. Thus, the overall impact of COVID-19 on the European region is moderate.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the multimodal image fusion software market. The Europe sub-woofer market is expected to grow at a good CAGR during the forecast period.

 

Europe Sub-Woofer Market Revenue and Forecast to 2028 (US$ Million)

                                     

 

Europe Sub-Woofer Market Segmentation

Europe Sub-Woofer Market – By Application

• Car Audio
• Home Audio
• Cinema Sound
• Sound Reinforcement
• Others

Europe Sub-Woofer Market – By End-User

• Residential
• Commercial

Europe Sub-Woofer Market- By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Sub-Woofer Market-Companies Mentioned

• 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 Soun

Europe Sub-Woofer Market Report Scope

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