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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Sub-Woofer Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Sub-Woofer Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand in Automotive Industry
5.1.2 Increasing Popularity in Residential Home Applications and Cinemas and Theatres
5.2 Market Restraints
5.2.1 Availability of Low-quality Sub-woofers
5.3 Market Opportunities
5.3.1 Rise in Demand for Wireless Audio Devices and Smart Connectivity
5.4 Future trends
5.4.1 Increasing Uptake of Home and Professional Sound Systems
5.5 Impact Analysis of Drivers and Restraints
6. Sub-Woofer Market – Europe Analysis
6.1 Europe Sub-Woofer Market Overview
6.2 Europe Sub-Woofer Market Revenue and Forecast to 2028 (US$ Million)
7. Europe Sub-Woofer Market Analysis – By Application
7.1 Overview
7.2 Europe Sub-woofer Market, By Application (2020 and 2028)
7.3 Car Audio
7.3.1 Overview
7.3.2 Car Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Home Audio
7.4.1 Overview
7.4.2 Home Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cinema Sound
7.5.1 Overview
7.5.2 Cinema Sound: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Sound Reinforcement
7.6.1 Overview
7.6.2 Sound Reinforcement: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Sub-woofer Market – By End-User
8.1 Overview
8.2 Europe Sub-woofer Market, By End-User (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Sub-woofer Market – Country Analysis
9.1 Overview
9.1.1 Europe: Sub-woofer Market, by Key Country
9.1.2 France: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 France: Sub-woofer Market, by Application
9.1.2.2 France: Sub-woofer Market, by End-User
9.1.3 Germany: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Germany: Sub-woofer Market, by Application
9.1.3.2 Germany: Sub-woofer Market, by End-User
9.1.4 Italy: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1 Italy: Sub-woofer Market, by Application
9.1.4.2 Italy: Sub-woofer Market, by End-User
9.1.5 UK: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1 UK: Sub-woofer Market, by Application
9.1.5.2 UK: Sub-woofer Market, by End-User
9.1.6 Russia: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Russia: Sub-woofer Market, by Application
9.1.6.2 Russia: Sub-woofer Market, by End-User
9.1.7 Rest of Europe: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.7.1 Rest of Europe: Sub-woofer Market, by Application
9.1.7.2 Rest of Europe: Sub-woofer Market, by End-User
10. Europe Sub-woofer Market - COVID-19 Impact Analysis
10.1 Overview
11. Subwoofer Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product launch
12. Company Profiles
12.1 Dynaudio A/S
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 K-Array
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Harman International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sony Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SV Sound
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Paradigm Electronics Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 LW Speakers Professional Sound Systems
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Klipsch Group Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 JVC Kenwood Holdings Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Sub-woofer market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Sub-woofer Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Sub-Woofer Market Segmentation
Figure 2. Europe Sub-woofer market Segmentation – By Country
Figure 3. Europe Sub-Woofer Market Overview
Figure 4. Others Segment held the largest share in 2020
Figure 5. Rest of Europe held the largest share in 2020
Figure 6. Europe: PEST Analysis
Figure 7. Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. Europe Sub-woofer market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Sub-woofer Market Revenue Share, by Application (2020 and 2028)
Figure 12. Europe Car Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Home Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Cinema Sound: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Sound Reinforcement: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Others: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Sub-woofer Market Revenue Share, By End-User (2020 and 2028)
Figure 18. Europe Residential: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Commercial: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Sub-woofer Market, by Key Country-Revenue 2020 (US$ Million)
Figure 21. Europe: Sub-woofer Market Revenue Share, by Key Country (2020 & 2028)
Figure 22. France: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Germany: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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