According to a new report, published by KBV research, The Global Portable Bluetooth Speaker Market size is expected to reach $25.2 billion by 2030, rising at a market growth of 11.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,26,790 thousand Units, experiencing a growth of 10.7% (2019-2022).
The Economy segment is showcasing a CAGR of 10.6 % during the forecast period. Economy-priced portable Bluetooth speakers offer a budget-friendly option for consumers. These speakers are developed to provide decent sound quality and essential features at an affordable price. Economy-priced Bluetooth speakers generally provide decent sound quality suitable for casual listening. While they may not offer audiophile-grade audio, they can still produce enjoyable sound. These speakers provide good value for the price, offering wireless audio convenience without the premium features or high-end audio quality of more expensive alternatives.
The Residential segment lead the Global Portable Bluetooth Speaker Market, By Application in 2022, and would achieve a market value of $16.7 billion by 2030. The demand for enhanced audio output for an immersive home entertainment experience has boosted segment growth. Most modern TVs have Bluetooth connectivity, enabling seamless pairing with compatible Bluetooth speakers. Features of portable Bluetooth speakers, such as wireless connectivity, convenience, portability, and enhanced sound quality, have increased product adoption for household applications.
The Offline segment is growing at a CAGR of 9.9 % during the forecast period. Offline stores are favored due to the visual aspects of shopping, which influence buying decisions. The experience of physically trying out different speakers and assessing their features along with a wide product range is unique to offline shopping. Consumers can physically engage with speakers, evaluate sound quality, and assess features before purchasing to avoid the hassles of returns or replacements. This is projected to push consumers toward stores to purchase portable Bluetooth speakers, further driving sales through offline channels.
The Asia Pacific region dominated the Global Portable Bluetooth Speaker Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.8 billion by 2030. The Europe region is anticipated to grow at a CAGR of 10.9% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 10.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/portable-bluetooth-speaker-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Thousand Units, USD Billion/Million, 2019-2030)
Companies Profiled
Unique Offerings 
