Industry Insights
The global Sound Reinforcement marketis expected to growth at an anticipated CAGR of 6.4% over the forecastperiod. The market is witnessing growth due to a surge in demand for products such as speakers, processors, microphones, among others. The global growth in the number of live concerts, the advent of the internet age and the easy availability of the products are some of the other factors favoring market growth.
The global Sound Reinforcement market is segmented on the basis of Type and Application. The global Sound Reinforcement market is segmented based on Type as Digital Positioner and Analog. Based on Application the global Sound Reinforcement market is segregated as Corporate, Large Venues and Events, Educational Institutions, Government and Military, Studio and Broadcasting, Hospitality, and Others.
The regional outlook on the global Sound Reinforcement market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Sound Reinforcement market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Landscape
Companies are focusing on markets such as India where the youth form a majority of the populations. In addition, companies are also focusing more on marketing and are tying up with celebrities to promote their products.The global Sound Reinforcement market is highly competitive in nature with major players including Audio-Technica, Bose, Harman International (Samsung), MUSIC Group (MUSIC Tribe), Sennheiser, Shure, Sony, Yamaha, and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Sound Reinforcement market. Market players are also involved in value chain integration gain competitive advantage.
Report Scope:
The Sound Reinforcement market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024. The market segmentations include,
Sound Reinforcement Market, By Type
• Digital Positioner
• Analog
Sound Reinforcement Market, By Application
• Corporate
• Large Venues and Events
• Educational Institutions
• Government and Military
• Studio and Broadcasting
• Hospitality
• Others
Sound Reinforcement Market, By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Audio-Technica, Bose, Harman International (Samsung), MUSIC Group (MUSIC Tribe), Sennheiser, Shure, Sony, Yamaha, and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.
Report Highlights
• Global Sound Reinforcement market sizes from 2017 to 2024
• Market growth projections through 2024 and the resultant market forecast for 2024
• Impact of the market dynamics including market drivers, restraints and opportunities in the market size
• Key industry trends, product trends, and application trends
• Major driving/ leading segmentations, regions and countries in the global Sound Reinforcement market
• Competitive analysis with comprehensive company profiles of the leading industry players
• In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
Report Customizations
The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
Table of Contents
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Sound Reinforcement Market, By Type
5.1 Introduction
5.2 Digital Positioner
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Analog
5.3.1 Market Overview
5.3.2 Market Size and Forecast
6. Sound Reinforcement Market, By Type
6.1 Introduction
6.2 Corporate
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Large Venues and Events
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Educational Institutions
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Government and Military
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Studio and Broadcasting
6.6.1 Market Overview
6.6.2 Market Size and Forecast
6.7 Hospitality
6.7.1 Market Overview
6.7.2 Market Size and Forecast
6.8 Others
6.8.1 Market Overview
6.8.2 Market Size and Forecast
7. Sound Reinforcement Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Sound Reinforcement, By Type
7.2.2 North America Sound Reinforcement, By Application
7.3 Europe
7.3.1 Europe Sound Reinforcement, By Type
7.3.2 Europe Sound Reinforcement, By Application
7.4 Asia-Pacific
7.4.1 Asia-Pacific Sound Reinforcement, By Type
7.4.2 Asia-Pacific Sound Reinforcement, By Application
7.5 Rest of the World
7.5.1 Rest of the World Sound Reinforcement, By Type
7.5.2 Rest of the World Sound Reinforcement, By Application
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Audio-Technica
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Bose
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Harman International (Samsung)
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 MUSIC Group (MUSIC Tribe)
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Sennheiser
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Shure
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Sony
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Yamaha
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size.