Brazil Portable Bluetooth Speaker Market Size & Outlook
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Brazil portable bluetooth speaker market highlights
- The Brazil portable bluetooth speaker market generated a revenue of USD 213.9 million in 2023 and is expected to reach USD 478.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
Portable bluetooth speaker market data book summary
| Market revenue in 2023 | USD 213.9 million |
| Market revenue in 2030 | USD 478.5 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Commercial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Commercial, Residential |
| Key market players worldwide | Harman International, Bose Corporation, Sony Group Corp, Apple Inc, Bang & Olufsen A/S, Logitech International SA, Plantronics, VOXX International Corp Class A, Fuyao Glass Industry Group Co Ltd Shs -H- Unitary 144A/Reg S |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.7% of the global portable bluetooth speaker market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil portable bluetooth speaker market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 478.5 million by 2030.
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Portable Bluetooth Speaker Market Scope
Portable Bluetooth Speaker Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fuyao Glass Industry Group Co Ltd Shs -H- Unitary 144A/Reg S | View profile | 32721 | Fuyao Industrial Zone II, Fujian Province, Fuqing, China, People's Republic of, 350301 | https://www.fuyaogroup.com |
| VOXX International Corp Class A | View profile | 911 | 2351 J. Lawson Boulevard, Orlando, FL, United States, 32824 | https://www.voxxintl.com |
| Bang & Olufsen A/S | View profile | 1006 | Bang og Olufsen Alle 1, Struer, Denmark, DK-7600 | http://www.bang-olufsen.com |
| Plantronics | View profile | - | Santa Cruz, California, United States, North America | http://www.plantronics.com/ |
| Bose Corporation | View profile | 5001-10000 | Framingham, Massachusetts, United States, North America | https://www.bose.com/en_us/index.html |
| Logitech International SA | View profile | 7300 | EPFL - Quartier de l'Innovation, Daniel Borel Innovation Center, Lausanne, Switzerland, 1015 | https://www.logitech.com |
| Harman International | View profile | 10001+ | Stamford, Connecticut, United States, North America | http://www.harman.com |
| Sony Group Corp | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
Brazil portable bluetooth speaker market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to portable bluetooth speaker market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 73.02% in 2023. Horizon Databook has segmented the Brazil portable bluetooth speaker market based on commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has been witnessing a surge in the hometainment (home entertainment) trend, wherein people elevate home spaces for enriched personal and guest entertainment. This trend has escalated the demand for portable Bluetooth speakers, which seamlessly integrate with gatherings, providing highquality music that complements the enhanced home entertainment experience during social interactions.
Although the presence of local market players in Brazil is less prominent, international brands are meeting consumer demand through e-commerce platforms. However, adherence to Brazilian standards is vital. Prior to entering the market, Bluetooth devices must undergo mandatory homologation procedures established by Anatel, the Brazilian Telecommunications Agency.
This process ensures compliance with local regulations, evidenced by a unique seal and identification code affixed to each product. E-commerce has witnessed robust growth in Brazil, firmly establishing itself as a primary avenue for procuring consumer electronics, including portable Bluetooth speakers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil portable bluetooth speaker market , including forecasts for subscribers. This country databook contains high-level insights into Brazil portable bluetooth speaker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil portable bluetooth speaker market size, by application, 2018-2030 (US$M)
Brazil Portable Bluetooth Speaker Market Outlook Share, 2023 & 2030 (US$M)
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