Latin America Portable Bluetooth Speaker Market Size & Outlook
Latin America portable bluetooth speaker market, 2018-2030 (US$M)
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Latin America portable bluetooth speaker market highlights
- The Latin America portable bluetooth speaker market generated a revenue of USD 619.6 million in 2023.
- The market is expected to grow at a CAGR of 11.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 619.6 million |
| Market revenue in 2030 | USD 1,334.0 million |
| Growth rate | 11.6% (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, Latin America region accounted for 4.8% 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 |
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Latin America 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 70.53% in 2023. Horizon Databook has segmented the Latin America portable bluetooth speaker market based on commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
The local population's affinity for outdoor activities has inadvertently cultivated a growing community of music enthusiasts seeking to enhance their experiences. According to an article by Spotify, as of 2023, there were 365 million monthly active users, of which 22% were from Latin America.
This phenomenon has spurred a heightened demand for portable Bluetooth speakers, perfectly complementing these pursuits. Their compact, portable design aligns with the convenience demanded by active lifestyles, providing high-quality sound while on the go.
Consumers in the region are leaning toward portable Bluetooth speakers equipped with attributes such as waterproof capabilities, durability, manageable weight, and a notable brand presence, all of which hold significance for these discerning buyers.
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Our clientele includes a mix of portable bluetooth speaker market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America portable bluetooth speaker market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America portable bluetooth speaker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America portable bluetooth speaker market size, by country, 2018-2030 (US$M)
Latin America Portable Bluetooth Speaker Market Outlook Share, 2023 & 2030 (US$M)
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