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Sound Reinforcement Market Share

Report ID: GMI9102
Published Date: Apr 2024
Report Format: PDF

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Sound Reinforcement Market Share

Bose Corporation and Harman International Industries, Inc. hold a significant share of over 15%. Known for its innovation and high-quality audio products, Bose has a strong presence in various segments of the market. The company offers a wide range of speakers, amplifiers, and audio processing equipment tailored for different applications, including professional sound reinforcement, commercial installations, and consumer audio. Bose's proprietary technologies, such as Bose Professional, Bose L1 systems, and Bose Portable PA systems, are widely used in venues, events, and installations around the world. Bose's reputation for superior sound quality and reliability has earned it a loyal customer base and established its position as a leading player in the market.

Some of the major players in the market are JBL Professional, Sennheiser electronic GmbH & Co. KG, Yamaha Corporation, Electro-Voice. These major players apply strategies such as product innovations, mergers, and acquisitions. Also, companies are involved in several growth & expansion strategies to gain a competitive advantage in the market.

Sound Reinforcement Market Companies

Major players operating in the industry are:

Bose Corporation
D&B Audiotechnik GmbH
Harman International Industries, Inc.
JBL Professional (a division of Harman International Industries)
Sennheiser electronic GmbH & Co. KG
Yamaha Corporation
Electro-Voice (a brand of Bosch)

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for sound reinforcement was USD 8.5 billion in 2023 and is expected to register over 3.5% CAGR from 2024-2032 owing to technological advancements, increasing demand for live events and concerts, and growing adoption of sound reinforcement systems worldwide.

Sound reinforcement industry from the speakers segment is expected to register over 4.8% CAGR from 2024-2032 due to increasing demand across various sectors such as entertainment, corporate events, education, and hospitality.

Asia Pacific industry held over 38% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid urbanization and infrastructure development across countries in the region.

D&B Audiotechnik GmbH, Harman International Industries, Inc., JBL Professional (a division of Harman International Industries), Sennheiser electronic GmbH & Co. KG, Yamaha Corporation, and Electro-Voice (a brand of Bosch), are some of the major sound reinforcement companies worldwide.