Europe Sub-Woofer Market Analysis by Current Status and Growth Opportunities, Top Key Players, Target Audience and Forecast to 2028

According to a new market research study on “Europe Sub-Woofer Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End-User” is expected to reach US$ 154.04 million by 2028 from US$ 128.14 million in 2021. The market is estimated to grow at a CAGR of 2.7% from 2021 to 2028. The report provides trends prevailing in the Europe sub-woofer market along with the drivers and restraints pertaining to the market growth. Increasing popularity in residential home applications and cinemas and theatres is the major factor driving the growth of the Europe sub-woofer market. However, issues associated with the availability of low-quality subwoofers hinder the growth of Europe sub-woofer market.  

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The List of Companies 

  1. Dynaudio A/S
  2. Harman International
  3. JVC Kenwood Holdings Inc.
  4. K-Array
  5. Klipsch Group Inc.
  6. LW Speakers Professional Sound Systems
  7. Paradigm Electronics Inc.
  8. Sony Corporation
  9. SV Sound

The demand for subwoofers continues to grow as most audio and home theater system speakers are unable to reproduce the full range of audio frequencies. Advancements in home audio technology and the increasing preference for high-performance home theaters are driving the adoption of subwoofers in these systems. Additionally, the rising popularity of wireless and Bluetooth speakers, along with their internet connectivity for streaming music and video content, is fueling the demand for Wi-Fi and Bluetooth-enabled subwoofers. The home audio segment is further expanding due to continuous product innovation by market players. For example, in 2021, Sonos announced the upcoming launch of a mini subwoofer designed to enhance home cinema experiences. Modern cinemas are now inseparable from deep, immersive sound, and technologies like Dolby Atmos and Roman Theater have significantly contributed to the increased demand for subwoofers. The market is also benefitting from the growing need for high-performance, durable, and reliable cinema subwoofers.

The impact of COVID-19 on the European subwoofer market varied by country. Some nations experienced a surge in cases, leading to strict lockdown measures and prolonged social restrictions. However, Western European countries such as Germany, France, Russia, and the United Kingdom, which have strong healthcare infrastructures, witnessed a relatively moderate decline in production activities. The economies of countries like the UK, Italy, and Germany were more significantly affected. The pandemic caused an imbalance in supply and demand, with lockdowns across Europe leading to production shutdowns and labor shortages, negatively impacting market growth in 2020. Additionally, the audiovisual sector suffered disruptions, including halted production projects and cinema closures. European cinemas recorded a 69% drop in box office revenue in 2020, resulting in a €4 billion decline compared to 2019. Despite these setbacks, the market is expected to witness substantial growth in the forecast period. Overall, the impact of COVID-19 on the European subwoofer market has been moderate.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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