The North America Portable Bluetooth Speaker Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 24,316.2 thousand units, showcasing a growth of 10.3% (2019-2022).
Portable Bluetooth speakers are experiencing a market expansion as consumers are increasingly inclined toward compact wireless devices with acceptable sound quality. Its ease of use, energy efficiency, and lack of installation requirements are assisting in attracting consumers. The increasing production of smart, portable Bluetooth speakers that are voice-controlled and water- and dust-resistant presents an opportunity for the market to expand.
The extensive availability of online streaming services and ready utilization of ample data storage on tablets, smartphones, and laptop computers has made using Bluetooth speakers increasingly convenient for consumers. Smaller and medium-sized speakers are easily transportable and suitable for various locations, whereas larger models are excellent for use at home. The increase in outdoor and recreational activities such as picnics, camping, and beach trips has increased demand for these speakers.
The rising trend of home entertainment in Canada has been a significant factor contributing to the expansion of the market. Consumers desire a cinematic experience when watching movies at home. The growing interest in home entertainment in Canada, driven by the availability of streaming services, high-quality displays, and a desire for enhanced experiences, has increased demand for audio solutions like portable Bluetooth speakers. Additionally, the growth of audio podcasts in the US has increased demand for audio playback devices like portable Bluetooth speakers. Users appreciate these speakers' convenience, sound quality, and versatility for enjoying a wide range of podcast content. As the popularity of podcasts is continuously rising, the demand for portable Bluetooth speakers will likely continue to grow. The aspects mentioned above will boost the market growth in this region.
The US market dominated the North America Portable Bluetooth Speaker Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,853.6 million by 2030. The Canada market is experiencing a CAGR of 13% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 12.1% during (2023 - 2030).
Based on Price Point, the market is segmented into Economy, Mid-Range, and Premium. Based on Application, the market is segmented into Residential, and Commercial. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Portable Bluetooth Speaker Market is Predict to reach USD 25.2 Billion by 2030, at a CAGR of 11.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harman International Industries, Inc., Bose Corporation, Sony Corporation, Marshall Group AB(Zound Industries International AB), Apple Inc., Bang & Olufsen A/S, Logitech International S.A, Plantronics, Inc., VOXX International Corporation and Fugoo.
By Price Point (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Application (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Country (Volume, Thousand Units, USD Billion/Million, 2019-2030)
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