Loudspeakers: A Global Strategic Business Report
San Jose, CA (Vocus) September 9, 2010
Gone are the days when consumers were forced to accept low quality products offered by manufacturers under a “one size fits all” marketing strategy. Today, high quality loudspeakers are the norm of the day and the market in the coming years is expected to be swamped by cutting edge innovations and advanced versions of home speaker systems designed to gratify even the most critical audio enthusiast. The international market is inundated with innumerable varieties of loudspeakers each designed to fulfill specific requirements i.e. speakers for audio only applications such as those required by rock/music listeners are generally integrated with powerful subwoofers as they require more accurate reproduction of bass/low range frequencies. Loudspeakers used in home theater applications also provide good bass response to closely emulate a real movie theater ambiance. Speakers for other acoustic purposes, on the other hand, lay the emphasis on accurate reproduction of midrange frequencies. Floor-standing/bookshelf speakers generally incorporate a built-in bass response system but are insufficient for home theater applications and most often need to be connected to a separate subwoofer for a more gratifying effect of the movie soundtrack.
As stated by the new market research report on loudspeakers, Europe and the Asia-Pacific, together accounts for more than 55% share of the global market. Decelerating economic growth, falling GDP, rising levels of unemployment, shrinking discretionary spends, and reduction in household wealth are together exerting pressure on global market for loudspeakers. Consumers are presently spending lesser, more judiciously and are shifting to low-cost brands. In addition, it is expected that the customers who are switching to value shopping due to the current economic situation are likely to persist with the newly acquired frugality for a long time in the foreseeable future. All these factors are expected to translate into restrained value growth for the coming years. Post recession, the market for loudspeakers will regain momentum and continue to witness radical change in design migration from traditional large models to compact and flattened speakers. The market also stands to benefit from the union of movies, games and music in a single system, which is helping trigger the popularity of home theatres, portable iPods and PC multimedia.
Segment wise, Subwoofer Speakers is expected to register fastest growth to the tune of 3.14%, over the analysis period. Need for fully augmented audio systems will continue to lend demand traction to the subwoofers market in the post recession period. Other factors driving growth in this segment include - the popularity of advanced digital formats, availability of special receivers for powered subwoofers and consumer desire for accurate and faithful sound reproduction. Demand for pair speakers in the upcoming years is expected to nose-dive sharply leading to massive erosions in market value. A primary reason for the falling demand is the emergence of surround sound technology that has in effect made pair speakers relative outdated. World market for Pair Speakers is expected to witness erosion in sales to the tune of US$202.26 million between the period 2010 through 2015.
Leading players in the market include Altec Lansing, Audiovox Corporation, Bose Corporation, Boston Acoustics Inc., B&W Group Ltd., Cambridge Sound Works Inc., Creative Labs Inc, Directed Electronics Inc., Harman International Industries Inc., KLH Audio Systems, Klipsch Group Inc., SpeakerCraft Inc., Sonance, Velodyne Acoustics Inc., Yamaha Corporation of America, among others.
The report titled "Loudspeakers: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides a comprehensive review of technology trends, market drivers, issues, consumer trends, mergers & acquisitions, and other strategic industry activities. The report provides market estimates and projections in both value (US$) and volume (000 units) for major geographic markets such as United States, Canada, Japan, France, Germany, United Kingdom, Italy, and Asia-Pacific and Rest of World. Product markets analyzed include Pair Speakers, Satellite/Subwoofer Speakers (3-Piece Speakers and 6-Piece Speakers), Subwoofer Speakers, In-Wall Speakers, Outdoor Speakers, and Multimedia Speakers.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Loudspeakers_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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