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North America 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 137 Pages
SKU # KBV19215424

Description

North America 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 North America Soundbar Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Soundbar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,764.3 million by 2031. The Canada market is experiencing a CAGR of 9.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.5% during (2024 - 2031).

This is a speaker system designed to enhance the audio quality of televisions and other home entertainment devices. It is a long, slim, rectangular speaker typically containing multiple drivers in a single enclosure. These are intended to provide high-quality sound without the necessity of a conventional multi-speaker surround sound system, providing a more streamlined and space-saving alternative.

This market has grown significantly in recent years, driven by increased demand for enhanced audio quality in home entertainment systems. As televisions become thinner and more advanced, their built-in speakers often fail to deliver the robust sound that modern consumers expect. This has led to a rising demand for external audio solutions, with these emerging as a popular choice.

Recent developments in the Mexican market include introducing more budget-friendly models by brands like Samsung and LG, catering to the growing middle class. As smart TVs become more common in Mexican households, these are viewed as an affordable way to enhance audio quality without investing in expensive home theater setups. Furthermore, the trend toward smaller living spaces in urban areas has increased the appeal of compact soundbars that save space while delivering better sound quality than TV speakers. More Mexican consumers are seeking affordable, high-quality audio solutions as a result of the proliferation of local streaming platforms and the expansion of internet access. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.

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 U.S., Mexico, Canada, and Rest of North America.

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
North America 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
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

137 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Soundbar Market, by Type
1.4.2 North America Soundbar Market, by Application
1.4.3 North America Soundbar Market, by Installation Method
1.4.4 North America Soundbar Market, by Distribution Channel
1.4.5 North America Soundbar Market, by Connectivity
1.4.6 North America 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. North America Soundbar Market by Type
5.1 North America Tabletop Market by Region
5.2 North America Wall Mount Market by Region
Chapter 6. North America Soundbar Market by Application
6.1 North America Home Audio Market by Country
6.2 North America Commercial Market by Country
Chapter 7. North America Soundbar Market by Installation Method
7.1 North America Active Soundbar Market by Country
7.2 North America Passive Soundbar Market by Country
7.3 North America Other Installation Methods Market by Country
Chapter 8. North America Soundbar Market by Distribution Channel
8.1 North America Online Market by Country
8.2 North America Offline Market by Country
Chapter 9. North America Soundbar Market by Connectivity
9.1 North America Bluetooth Market by Country
9.2 North America Wi-Fi Market by Country
9.3 North America Other Connectivity Type Market by Country
Chapter 10. North America Soundbar Market by Country
10.1 US Soundbar Market
10.1.1 US Soundbar Market by Type
10.1.2 US Soundbar Market by Application
10.1.3 US Soundbar Market by Installation Method
10.1.4 US Soundbar Market by Distribution Channel
10.1.5 US Soundbar Market by Connectivity
10.2 Canada Soundbar Market
10.2.1 Canada Soundbar Market by Type
10.2.2 Canada Soundbar Market by Application
10.2.3 Canada Soundbar Market by Installation Method
10.2.4 Canada Soundbar Market by Distribution Channel
10.2.5 Canada Soundbar Market by Connectivity
10.3 Mexico Soundbar Market
10.3.1 Mexico Soundbar Market by Type
10.3.2 Mexico Soundbar Market by Application
10.3.3 Mexico Soundbar Market by Installation Method
10.3.4 Mexico Soundbar Market by Distribution Channel
10.3.5 Mexico Soundbar Market by Connectivity
10.4 Rest of North America Soundbar Market
10.4.1 Rest of North America Soundbar Market by Type
10.4.2 Rest of North America Soundbar Market by Application
10.4.3 Rest of North America Soundbar Market by Installation Method
10.4.4 Rest of North America Soundbar Market by Distribution Channel
10.4.5 Rest of North America 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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