Global Waterproof Speakers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
The Waterproof Speakers Market Report has been segmented as per product type, technology, application, sales channel, and region.
Waterproof Speakers Market: Overview
“The Waterproof Speakers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Waterproof speakers can be operated through tablets, smartphones, or some other internet-enabled devices using Bluetooth and Wi-Fi technologies.
Waterproof speakers are portable or fixed types of devices and are mainly used for outdoor and indoor entertainment purposes across the globe.
Waterproof Speakers Market: Dynamics
Growing demand for waterproof speakers across the globe due to the rising influence of several advertisements, movies, entertainment channels, and other modes among individuals is a key factor driving the growth of the global market.
In addition, an increasing number of smart homes across the globe and rising technological advancement in various audio devices are major factors expected to support the growth of the target market over the forecast period.
The increasing popularity of waterproof speakers among individuals is due to rising awareness about various features associated with waterproof speakers such as durable, portable, style, long-range connectivity, smartphone app-enabled, great audio quality, and others.
This is another factor projected to boost the growth of the global market during the forecast period.
In addition, rising penetration of waterproof speakers on various e-commerce portals and growing demand for wireless waterproof speakers among individuals for commercial use or home, travel, and other use.
These are other factors projected to fuel the growth of the global waterproof speakers market over the forecast period.
Furthermore, increasing several promotional activities and various digital marketing campaigns launched by major waterproof speaker manufacturers are projected to propel the growth of the global market in the next 10 years.
However, the high cost associated with waterproof speakers is a key factor projected to hamper the growth of the target market. In addition, less penetration of waterproof speakers in rural and underdeveloped countries is a challenging factor that may affect the growth of the target market.
Waterproof Speakers Market: Segment Analysis
The rapid adoption of portable waterproof speakers with various connectivity options such as Wi-Fi and Bluetooth across the globe is the primary factor driving revenue growth of the portable segment among the product type segment.
Among the technology, the Bluetooth segment is projected to register significant growth in the global waterproof speakers market, owing to the increasing adoption of Bluetooth waterproof speakers across the globe which can be operated through tablets, smartphones, or other internet-enabled devices.
Global Waterproof Speakers Market: Region Analysis
The North American waterproof speakers market is expected to witness the highest growth rate in the global market, owing to the rising number of smart home solutions and increasing penetration of advanced technology audio devices in countries such as Canada and the US in this region.
The market in the Asia Pacific is expected to register significant growth in the global market, owing to the rapid adoption of portable and ultra-portable waterproof speakers among individuals while traveling, and other outdoor activities in countries such as India and China in this region.
The market in Europe, Latin America, and Middle East & Africa are projected to witness moderate growth in terms of revenue, owing to the increasing popularity of various waterproof speakers with the advanced technology and rising penetration of Bluetooth waterproof speakers in many countries in these regions.
Waterproof Speakers Market Segmentation:
Waterproof Speakers Market
Segmentation by Technology:
Segmentation by Application:
- Household Use
- Commercial Use
Segmentation by Sales Channel:
- Specialty Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Bose Corporation
- Harman International Industries, Incorporated
- Apple Inc.
- Yamaha Corporation
- Sony Corporation
- LG Electronics Inc.
- Samsung Electronics Co., Ltd.
- Panasonic Corporation
- Sound United LLC
- Koninklijke Philips N.V.
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