Europe Portable Bluetooth Speaker Market Size & Outlook
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Europe portable bluetooth speaker market highlights
- The Europe portable bluetooth speaker market generated a revenue of USD 2,649.9 million in 2023.
- The market is expected to grow at a CAGR of 10.9% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,649.9 million |
| Market revenue in 2030 | USD 5,475.2 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Commercial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 20.5% of the global portable bluetooth speaker market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,285.4 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 |
Europe 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 71.5% in 2023. Horizon Databook has segmented the Europe portable bluetooth speaker market based on commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
Capitalizing on the growing number of music enthusiasts, market players are introducing technologically advanced products with features such as waterproofing and extended battery life. These offerings are poised to attract consumers seeking enhanced experiences. IKEA, a Netherlands-based manufacturer, in March 2023, announced the launch of its portable waterproof, the Vappeby portable Bluetooth speaker.
It boasts a silicone-coated build and an IP67 rating, and occupies a compact three-inch square and two-inch depth. It is resilient against water immersion up to one meter deep for 30 minutes and offers color options of yellow, red, or black. The product is available globally.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe portable bluetooth speaker market , including forecasts for subscribers. This continent databook contains high-level insights into Europe portable bluetooth speaker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe portable bluetooth speaker market size, by country, 2018-2030 (US$M)
Europe Portable Bluetooth Speaker Market Outlook Share, 2023 & 2030 (US$M)
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