The North America Soundbar Market is expected to witness market growth of 8.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Soundbar Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD3.76 billion by 2031. The Canada market is experiencing a CAGR of 9.8% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 9.5% during 2024-2031.
This is a speaker system designed to enhance the audio quality of televisions and other home entertainment devices. It is a long, slim, rectangular speaker typically containing multiple drivers in a single enclosure. These are intended to provide high-quality sound without the necessity of a conventional multi-speaker surround sound system, providing a more streamlined and space-saving alternative.
This market has grown significantly in recent years, driven by increased demand for enhanced audio quality in home entertainment systems. As televisions become thinner and more advanced, their built-in speakers often fail to deliver the robust sound that modern consumers expect. This has led to a rising demand for external audio solutions, with these emerging as a popular choice.
Recent developments in the Mexican market include introducing more budget-friendly models by brands like Samsung and LG, catering to the growing middle class. As smart TVs become more common in Mexican households, these are viewed as an affordable way to enhance audio quality without investing in expensive home theater setups. Furthermore, the trend toward smaller living spaces in urban areas has increased the appeal of compact soundbars that save space while delivering better sound quality than TV speakers. More Mexican consumers are seeking affordable, high-quality audio solutions as a result of the proliferation of local streaming platforms and the expansion of internet access. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
The US market dominated the North America Soundbar Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD3.76 billion by 2031. The Canada market is experiencing a CAGR of 9.8% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 9.5% during 2024-2031.
This is a speaker system designed to enhance the audio quality of televisions and other home entertainment devices. It is a long, slim, rectangular speaker typically containing multiple drivers in a single enclosure. These are intended to provide high-quality sound without the necessity of a conventional multi-speaker surround sound system, providing a more streamlined and space-saving alternative.
This market has grown significantly in recent years, driven by increased demand for enhanced audio quality in home entertainment systems. As televisions become thinner and more advanced, their built-in speakers often fail to deliver the robust sound that modern consumers expect. This has led to a rising demand for external audio solutions, with these emerging as a popular choice.
Recent developments in the Mexican market include introducing more budget-friendly models by brands like Samsung and LG, catering to the growing middle class. As smart TVs become more common in Mexican households, these are viewed as an affordable way to enhance audio quality without investing in expensive home theater setups. Furthermore, the trend toward smaller living spaces in urban areas has increased the appeal of compact soundbars that save space while delivering better sound quality than TV speakers. More Mexican consumers are seeking affordable, high-quality audio solutions as a result of the proliferation of local streaming platforms and the expansion of internet access. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
List of Key Companies Profiled
- Bose Corporation
- Sony Corporation
- Intex Technologies
- Yamaha Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Electronics, Inc. (LG Corporation)
- Koninklijke Philips N.V.
- Xiaomi Corporation
- Panasonic Holdings Corporation
- Toshiba Corporation
Market Report Segmentation
By Type
- Tabletop
- Wall Mount
By Application
- Home Audio
- Commercial
By Installation Method
- Active Soundbar
- Passive Soundbar
- Other Installation Methods
By Distribution Channel
- Online
- Offline
By Connectivity
- Bluetooth
- Wi-Fi
- Other Connectivity Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Soundbar Market by Type
Chapter 6. North America Soundbar Market by Application
Chapter 7. North America Soundbar Market by Installation Method
Chapter 8. North America Soundbar Market by Distribution Channel
Chapter 9. North America Soundbar Market by Connectivity
Chapter 10. North America Soundbar Market by Country
Chapter 11. Company Profiles
Companies Mentioned
Some of the key companies in the North America Soundbar Market include:- Bose Corporation
- Sony Corporation
- Intex Technologies
- Yamaha Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Electronics, Inc. (LG Corporation)
- Koninklijke Philips N.V.
- Xiaomi Corporation
- Panasonic Holdings Corporation
- Toshiba Corporation
Methodology
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