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Europe Soundbar Market Size, Share & Trends Analysis Report By Type (Tabletop, and Wall Mount), By Application, By Installation Method, By Distribution Channel (Online, and Offline), By Connectivity, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Sep 30, 2024
Length 151 Pages
SKU # KBV19215425

Description

Europe Soundbar Market Size, Share & Trends Analysis Report By Type (Tabletop, and Wall Mount), By Application, By Installation Method, By Distribution Channel (Online, and Offline), By Connectivity, By Country and Growth Forecast, 2024 - 2031


The Europe Soundbar Market would witness market growth of 8.8% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Soundbar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $829.3 million by 2031. The UK market is exhibiting a CAGR of 7.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 9.6% during (2024 - 2031).

One of the primary drivers of this market is the shift in how people consume media. The rise of streaming services such as Netflix, Amazon Prime, and Disney+, coupled with the increasing availability of high-definition and 4K content, has transformed how consumers experience entertainment at home. As more households invest in large-screen televisions to enjoy this content, there is a growing demand for complementary audio solutions that match these modern displays' visual quality.

Another significant factor contributing to this market’s growth is the increasing consumer preference for wireless connectivity. Numerous soundbars now include Bluetooth and Wi-Fi capabilities, which enable users to stream audio directly from their smartphones, tablets, or computers without the need for additional cables. This wireless functionality adds convenience and enhances their versatility, transforming it into a multi-purpose audio device that can be used for more than just TV audio.

Germany remains a key market for high-end audio systems like soundbars, bolstered by its rich cultural tradition of classical music, opera, and contemporary live events. Government initiatives, such as the "Neustart Kultur" (Restart Culture) program, have provided substantial funding to revitalize concert venues and cultural institutions, further fueling the demand for high-quality audio solutions. Germany’s cultural and creative economy, accounting for just under 3% of the country’s GDP in 2020, continues to stimulate growth in the market for professional and consumer audio equipment, including them. Therefore, all these factors together are driving the growth of the market.

Based on Type, the market is segmented into Tabletop, and Wall Mount. Based on Application, the market is segmented into Home Audio, and Commercial. Based on Installation Method, the market is segmented into Active Soundbar, Passive Soundbar, and Other Installation Methods. Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Connectivity, the market is segmented into Bluetooth, Wi-Fi, and Other Connectivity Type. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Bose Corporation
  • Sony Corporation
  • Intex Technologies
  • Yamaha Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • LG Electronics, Inc. (LG Corporation)
  • Koninklijke Philips N.V.
  • Xiaomi Corporation
  • Panasonic Holdings Corporation
  • Toshiba Corporation
Europe Soundbar Market Report Segmentation

By Type
  • Tabletop
  • Wall Mount
By Application
  • Home Audio
  • Commercial
By Installation Method
  • Active Soundbar
  • Passive Soundbar
  • Other Installation Methods
By Distribution Channel
  • Online
  • Offline
By Connectivity
  • Bluetooth
  • Wi-Fi
  • Other Connectivity Type
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

151 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Soundbar Market, by Type
1.4.2 Europe Soundbar Market, by Application
1.4.3 Europe Soundbar Market, by Installation Method
1.4.4 Europe Soundbar Market, by Distribution Channel
1.4.5 Europe Soundbar Market, by Connectivity
1.4.6 Europe Soundbar Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Soundbar Market by Type
5.1 Europe Tabletop Market by Country
5.2 Europe Wall Mount Market by Country
Chapter 6. Europe Soundbar Market by Application
6.1 Europe Home Audio Market by Country
6.2 Europe Commercial Market by Country
Chapter 7. Europe Soundbar Market by Installation Method
7.1 Europe Active Soundbar Market by Country
7.2 Europe Passive Soundbar Market by Country
7.3 Europe Other Installation Methods Market by Country
Chapter 8. Europe Soundbar Market by Distribution Channel
8.1 Europe Online Market by Country
8.2 Europe Offline Market by Country
Chapter 9. Europe Soundbar Market by Connectivity
9.1 Europe Bluetooth Market by Country
9.2 Europe Wi-Fi Market by Country
9.3 Europe Other Connectivity Type Market by Country
Chapter 10. Europe Soundbar Market by Country
10.1 Germany Soundbar Market
10.1.1 Germany Soundbar Market by Type
10.1.2 Germany Soundbar Market by Application
10.1.3 Germany Soundbar Market by Installation Method
10.1.4 Germany Soundbar Market by Distribution Channel
10.1.5 Germany Soundbar Market by Connectivity
10.2 UK Soundbar Market
10.2.1 UK Soundbar Market by Type
10.2.2 UK Soundbar Market by Application
10.2.3 UK Soundbar Market by Installation Method
10.2.4 UK Soundbar Market by Distribution Channel
10.2.5 UK Soundbar Market by Connectivity
10.3 France Soundbar Market
10.3.1 France Soundbar Market by Type
10.3.2 France Soundbar Market by Application
10.3.3 France Soundbar Market by Installation Method
10.3.4 France Soundbar Market by Distribution Channel
10.3.5 France Soundbar Market by Connectivity
10.4 Russia Soundbar Market
10.4.1 Russia Soundbar Market by Type
10.4.2 Russia Soundbar Market by Application
10.4.3 Russia Soundbar Market by Installation Method
10.4.4 Russia Soundbar Market by Distribution Channel
10.4.5 Russia Soundbar Market by Connectivity
10.5 Spain Soundbar Market
10.5.1 Spain Soundbar Market by Type
10.5.2 Spain Soundbar Market by Application
10.5.3 Spain Soundbar Market by Installation Method
10.5.4 Spain Soundbar Market by Distribution Channel
10.5.5 Spain Soundbar Market by Connectivity
10.6 Italy Soundbar Market
10.6.1 Italy Soundbar Market by Type
10.6.2 Italy Soundbar Market by Application
10.6.3 Italy Soundbar Market by Installation Method
10.6.4 Italy Soundbar Market by Distribution Channel
10.6.5 Italy Soundbar Market by Connectivity
10.7 Rest of Europe Soundbar Market
10.7.1 Rest of Europe Soundbar Market by Type
10.7.2 Rest of Europe Soundbar Market by Application
10.7.3 Rest of Europe Soundbar Market by Installation Method
10.7.4 Rest of Europe Soundbar Market by Distribution Channel
10.7.5 Rest of Europe Soundbar Market by Connectivity
Chapter 11. Company Profiles
11.1 Bose Corporation
11.1.1 Company Overview
11.1.2 Recent strategies and developments:
11.1.2.1 Partnerships, Collaborations, and Agreements:
11.1.2.2 Product Launches and Product Expansions:
11.1.3 SWOT Analysis
11.2 Sony Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 Intex Technologies
11.3.1 Company Overview
11.3.2 SWOT Analysis
11.4 Yamaha Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional & Segmental Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 LG Electronics, Inc. (LG Corporation)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional & Segmental Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.5.2 Acquisition and Mergers:
11.5.6 SWOT Analysis
11.6 Samsung Electronics Co., Ltd. (Samsung Group)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Product Launches and Product Expansions:
11.6.6 SWOT Analysis
11.7 Koninklijke Philips N.V.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.7.6 SWOT Analysis
11.8 Xiaomi Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research & Development Expenses
11.8.5 Recent strategies and developments:
11.8.5.1 Product Launches and Product Expansions:
11.8.6 SWOT Analysis
11.9 Panasonic Holdings Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Toshiba Corporation
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research and Development Expense
11.10.5 SWOT Analysis

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