Sub-Woofer Market is expected to reach US$ 1,132.62 million by 2028

Growing Demand in Automotive Industry to Provide Growth Opportunities for Sub-Woofer Market

According to our latest market study on "Sub-Woofer Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application, End-User, and Geography," the market is expected to grow from US$ 834.77 million in 2021 to reach US$ 1,132.62 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

The global sub-woofer market is segmented into five regions – North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. In 2020, APAC led the market with a substantial revenue share, followed by North America and Europe. With increasing disposable income and temporary shutdown of cinemas, the demand for home sub-woofers is anticipated to grow in near future. Moreover, increasing OTT platforms and trend of web series are expected to drive the global sub-woofer market. The sub-woofer market is developed in a few economies, whereas it is still growing substantially in developing economies.

The global sub-woofer market is segmented into application and end-user. Based on application, the market is segmented into car audio, home audio, cinema sound, sound reinforcement, and others. Based on end-user, the market is bifurcated into commercial and residential. In terms of geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, South Korea, Japan, and the  Rest of APAC), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).

Impact of COVID-19 Pandemic on Sub-Woofer Market

The COVID-19 pandemic has affected several industries. Increase inthe spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement. The COVID-19 crisis is affecting industries worldwide, and the global economy witnessed downfall in 2020 and 2021. Additionally, COVID-19 pandemic is creating challenges for automotive industry, movie and entertainment sector, shopping complex, and others. The COVID-19 outbreak has severely affected these industries, further delaying production activities and product supplies. However, in future the sub-woofer market is expected to witness significant growth owing to rising demand for home theater-based sub-woofers.

Dynaudio A/S, K-Array, Harman International, Sony Corporation, SV Sound, Pioneer India Electronics Pvt. Ltd., Paradigm Electronics Inc., LW Speakers professional sound systems, Klipsch Group Inc., and JVC Kenwood Holdings Inc. are among the major companies operating in the sub-woofer market.

Sub-Woofer Market – by Geography, 2020 and 2028 (%)

---

Subwoofer Market Size, Share, and Analysis From 2021 to 2028

Download Free Sample

---

Sub-Woofer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Car Audio, Home Audio, Cinema Sound, Sound Reinforcement, and Others) and End-user (Residential and Commercial)