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Soundbars Market Share

Report ID: GMI4638
Published Date: Aug 2024
Report Format: PDF

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Soundbars Market Share

The soundbars industry is consolidated, with major regional companies operating on a global scale. Together these companies hold a market share of 65%-70% of the total market. Companies in the soundbars market are increasingly focusing on innovation, brand differentiation, and strategic partnerships to stay competitive in a crowded and fast-evolving landscape.

Recognizing the growing consumer demand for high-quality, immersive audio experiences, many companies are investing in advanced technologies such as Dolby Atmos, AI-driven sound optimization, and smart home integration. Brands are also expanding their product portfolios to cater to various consumer segments, from budget-conscious buyers to audiophiles seeking premium models.

Soundbars Market Companies

Major players operating in the soundbars industry are:

Bose Corporation
Bowers & Wilkins
Denon
Harman International (JBL)
Harman Kardon
Klipsch
LG Electronics Inc.
Onkyo
Pioneer Corporation
Polk Audio
Samsung Electronics Co., Ltd.
Sonos Inc.
Sony Corporation
TCL
VIZIO Inc.
Yamaha Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of soundbars reached USD 6.9 billion in 2023 and is set to register 8.7% CAGR between 2024 and 2032, due to the changing consumer lifestyles and entertainment habits.

The 5-channel segment held USD 2.4 billion in 2023, owing to its ability to deliver an immersive, cinematic audio experience with enhanced surround sound effects.

North America market accounted for USD 2.2 billion in 2023, driven by increasing technological advancements and a strong interest in home entertainment.

Bose Corporation, Bowers & Wilkins, Denon, Harman International (JBL), Harman Kardon, Klipsch, LG Electronics Inc., Onkyo, Pioneer Corporation, Polk Audio, and Samsung Electronics Co., Ltd., among others.