Increasing preference for portable and waterproof smart devices, development of advanced connectivity solutions, and introduction of speakers with enhanced connectivity to smartphones and other smart devices are some key factors driving market growth
Waterproof Bluetooth Speaker Market Forecast to 2028”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Waterproof Bluetooth Speaker market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
waterproof Bluetooth speaker market size is expected to reach 4,585.3 Million in 2028 at a CAGR of 22.8% during the forecast period, according to the latest report by Emergen Research. Increasing demand for portable speakers with advanced features, growing availability of speakers with sleek design and enhanced connectivity with smart devices, and rapid advancements in Bluetooth technology are some key factors expected to fuel market revenue growth over the forecast period. In addition, advent of wireless charging, growing preference for waterproof and dust proof electronic and smart devices, and increasing penetration of internet across the globe are also expected to contribute to revenue growth of the market going ahead.
Waterproof Bluetooth speakers can be paired with other connected and smart devices such as smartphones, computers, iPods, tablets, and other devices that support Bluetooth connectivity. Waterproof feature is measured by IP rating and it offers insights into the degree of protection offered by the electrical casings against solids and liquids. Manufactures utilize various levels of protection – such as conformal coating, nanotechnology, tapes, and superhydrophobic coating, among others – to ensure speakers are waterproof. Speakers are made up of various components and parts that are held together by sliding claps and screws that have auto-lock capabilities. These parts are joined together by using glue and tapes that provide water-tight seal that prevents entry of water or moisture into the electrical casing.
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Some Key Highlights in the Report:
Wireless charging type segment is expected to register a robust revenue CAGR of 23.1% during the forecast period attributable to its numerous benefits such as safe charging, reliability, and convenient usage.
Online segment revenue is expected to expand significantly over the forecast period owing to increasing preference for online shopping owing to hassle-free shopping experience, access to numerous reliable shopping portals online, and growing trend of doorstep delivery.
Leisure segment accounted for largest revenue share in the global market in 2020 and is expected to register significant growth owing to several advantages of waterproof Bluetooth speakers such as portability, ability to use them near beaches, swimming pools, and others water bodies.
The global Waterproof Bluetooth Speaker market is expected to reach USD 4,585.3 Million in 2028 from its valuation of USD 881 Million in 2020 at a CAGR of 22.8% during the forecast period. Rapid technological advancements and economic growth are key factors expected to drive market growth over the forecast period. The report further provides a comprehensive analysis of the competitive landscape and provides a complete coverage with regards to company’s profiles, product portfolio, revenue generation, financial standing and market position.
Top Companies Operating in the Waterproof Bluetooth Speaker Market and Profiled in the Report are:
Skullcandy, Inc., AmazonBasics, Ultimate Ears, Altec Lansing, Braven, Logitech International SA, boAt, JBL, Scosche, and Fugoo Sport.
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It further offers a comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
Regional analysis of the Waterproof Bluetooth Speaker market includes analysis of the production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and vendors, and market size and share in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The report further offers key insights into country wise analysis and major factors driving revenue growth of each regional market.
Detailed Regional Analysis Covers:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
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For the purpose of this report, Emergen Research has segmented the global waterproof Bluetooth speakers market on the basis of charging type, distribution channel, application, and region:
Charging Type Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
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