The North America Soundbar Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Soundbar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,764.3 million by 2031. The Canada market is experiencing a CAGR of 9.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.5% during (2024 - 2031).
This is a speaker system designed to enhance the audio quality of televisions and other home entertainment devices. It is a long, slim, rectangular speaker typically containing multiple drivers in a single enclosure. These are intended to provide high-quality sound without the necessity of a conventional multi-speaker surround sound system, providing a more streamlined and space-saving alternative.
This market has grown significantly in recent years, driven by increased demand for enhanced audio quality in home entertainment systems. As televisions become thinner and more advanced, their built-in speakers often fail to deliver the robust sound that modern consumers expect. This has led to a rising demand for external audio solutions, with these emerging as a popular choice.
Recent developments in the Mexican market include introducing more budget-friendly models by brands like Samsung and LG, catering to the growing middle class. As smart TVs become more common in Mexican households, these are viewed as an affordable way to enhance audio quality without investing in expensive home theater setups. Furthermore, the trend toward smaller living spaces in urban areas has increased the appeal of compact soundbars that save space while delivering better sound quality than TV speakers. More Mexican consumers are seeking affordable, high-quality audio solutions as a result of the proliferation of local streaming platforms and the expansion of internet access. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Soundbar Market is Predict to reach USD 14.5 Billion by 2031, at a CAGR of 9.2%
Based on Type, the market is segmented into Tabletop, and Wall Mount. Based on Application, the market is segmented into Home Audio, and Commercial. Based on Installation Method, the market is segmented into Active Soundbar, Passive Soundbar, and Other Installation Methods. Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Connectivity, the market is segmented into Bluetooth, Wi-Fi, and Other Connectivity Type. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
By Application
By Installation Method
By Distribution Channel
By Connectivity
By Country
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