Sound Reinforcement Market - Global Outlook and Forecast 2018-2023 - Market is Expected to Cross $9 Billion, Growing at a CAGR of 3.01% - ResearchAndMarkets.com

DUBLIN--()--The "Sound Reinforcement Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global sound reinforcement market is expected to cross $9 billion by 2023, growing at a CAGR of 3.01% during the forecast period.

The exponential rise in the demand for digital equipment in APAC and the US and the launch of new product models are driving the growth of the sound reinforcement market. The growing demand for sound reinforcement products and increased end-users' spending sentiments on music concerts and festivals worldwide help leading vendors in the sound reinforcement market gain a larger market share.

The booming commercial real estate, hospitality, corporate, and music markets in countries such as the US, the UK, Germany, Japan, China, and India will create investment opportunities for various companies in the sound reinforcement market. The increasing spending on consumer goods, restaurant, and concerts is boosting the entertainment industry and driving the demand for new sound equipment in the global market. The proliferation of wireless digital technology in various countries in APAC such as India and China and Latin American countries will propel the growth of the sound reinforcement market during the forecast period.

Prominent players and emerging companies are investing in the development of innovative solutions with advanced features and focusing on product portfolio upgrades to gain a larger market share in the global sound reinforcement market. The replacement of sound equipment in government offices and premises, courtrooms, university campuses, nightclubs, restaurants, and other institutions will contribute to the revenue of the sound reinforcement market.

The major vendors in the global market are

  • Audio-Technica
  • Bose
  • Harman International (Samsung)
  • MUSIC Group
  • Sennheiser
  • Shure
  • Sony
  • Yamaha

Key Topics Covered:

1 Research Methodology

2 Research objectives

3 Research Process

4 Report Coverage

5 Report Assumptions & Caveats

6 Market at A Glance

7 Introduction

8 Market Dynamics

9 Value Chain Analysis

10 Global Sound Reinforcement Market

11 Market By Product Type

12 Market by Format

13 Market by End-users

14 Market Segmentation By Distribution Channels

15 Geographical Segmentation

Other Prominent Companies

  • Alcons Audio
  • Audix Microphones
  • Beyerdynamic
  • Blue Microphones
  • Bowers & Wilkins
  • Carlson Audio Systems
  • Dynaudio
  • d&b audiotechnik/System
  • Electro Voice
  • GTD Audio
  • Heil Sound
  • Hz Sound Systems
  • inMusic Brands
  • Klipsch Audio Technologies
  • K-Array
  • Lectrosonics
  • LEWITT
  • Loud Audio
  • MIPRO Electronics
  • MXL by Marshall Electronics
  • Nady Systems
  • PROEL
  • Pyle-Pro
  • RCF
  • Samson Technologies
  • ZAXCOM

For more information about this report visit https://www.researchandmarkets.com/research/w9m2hz/sound?w=4

Contacts

ResearchAndMarkets.com
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press@researchandmarkets.com
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Related Topics: Audio Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Audio Equipment