GCC Soundbar Market Overview:
The GCC soundbar market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A soundbar, also known as a media bar, comprises stereo analog inputs and outputs, infrared remote control, a wireless connectivity option, and other audio processing features for speaker equalization. It stands for a single cabinet loudspeaker that produces a stereo effect. It offers an enhanced audio experience to the users by reducing the need for elaborate setups, external wiring, and multiple speakers. It can be connected to different devices, including televisions, laptops, desktops, tablets, music players, and smartphones. It is commonly available in subwoofer, all-in-one, and cinematic soundbar variants.
Soundbars find extensive applications in the media and entertainment industry to enhance the experiences of streaming services. This, along with the increasing preferences for streaming content on over-the-top (OTT) platforms, represents one of the major factors augmenting the market growth in the GCC region. Rapid digitization, a considerable reliance on smart devices, and rising penetration of high speed internet connectivity are also favoring the market growth in the region. Moreover, the growing traction of home theater systems that can be connected to speakers to enhance the entertainment experience at home is influencing the market positively. In addition, soundbars are used in corporate spaces for aural communication in conferences and seminars, which is contributing to the market growth in the GCC region. Apart from this, there is a rise in the integration of smart assistants (SAs) in soundbars that have improved the product ability for wireless content streaming and enhanced the overall experience for the users. They also enable users to control the device through their voice and incorporate it with their in-house intelligent device ecosystem. This, in turn, is providing a thrust to the market growth. Furthermore, product manufacturers are introducing soundbars with powerful audio for immersive experiences in restaurants, retail stores, hospitality venues, and bars and clubs. Along with this, the growing trend of cafes with live music and fine dining is offering lucrative growth opportunities to market players operating in the region.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC soundbar market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC soundbar market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC soundbar market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC soundbar market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC soundbar market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC soundbar market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC soundbar market industry. Furthermore, the value chain analysis of the GCC soundbar market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Soundbar Market Segment Insights:
The GCC soundbar market has been analysed as followed:
By Type:
By Installation Method:
By Connectivity:
By Application:
By Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Soundbar Market Report:
Report Customisation:
The GCC soundbar market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC Soundbar Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Wall-Mounted
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Table-Top
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Installation Method
7.1 Active Soundbars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Passive Soundbars
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Connectivity
8.1 Wi-Fi
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bluetooth
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Home Audio
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Country
10.1 Saudi Arabia
10.1.1 Market Trends
10.1.2 Market Breakup by Type
10.1.3 Market Breakup by Installation Method
10.1.4 Market Breakup by Connectivity
10.1.5 Market Breakup by Application
10.1.6 Market Forecast
10.2 UAE
10.2.1 Market Trends
10.2.2 Market Breakup by Type
10.2.3 Market Breakup by Installation Method
10.2.4 Market Breakup by Connectivity
10.2.5 Market Breakup by Application
10.2.6 Market Forecast
10.3 Qatar
10.3.1 Market Trends
10.3.2 Market Breakup by Type
10.3.3 Market Breakup by Installation Method
10.3.4 Market Breakup by Connectivity
10.3.5 Market Breakup by Application
10.3.6 Market Forecast
10.4 Oman
10.4.1 Market Trends
10.4.2 Market Breakup by Type
10.4.3 Market Breakup by Installation Method
10.4.4 Market Breakup by Connectivity
10.4.5 Market Breakup by Application
10.4.6 Market Forecast
10.5 Kuwait
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Bahrain
10.6.1 Market Trends
10.6.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Policy and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: GCC: Soundbar Market: Major Drivers and Challenges
Figure 2: GCC: Soundbar Market: Sales Value (in Million US$), 2017-2022
Figure 3: GCC: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: GCC: Soundbar Market: Breakup by Type (in %), 2022
Figure 5: GCC: Soundbar Market: Breakup by Installation Method (in %), 2022
Figure 6: GCC: Soundbar Market: Breakup by Connectivity (in %), 2022
Figure 7: GCC: Soundbar Market: Breakup by Application (in %), 2022
Figure 8: GCC: Soundbar Market: Breakup by Country (in %), 2022
Figure 9: GCC: Soundbar (Wall-Mounted) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: GCC: Soundbar (Wall-Mounted) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: GCC: Soundbar (Table-Top) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: GCC: Soundbar (Table-Top) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: GCC: Soundbar (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: GCC: Soundbar (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: GCC: Soundbar (Active Soundbars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: GCC: Soundbar (Active Soundbars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: GCC: Soundbar (Passive Soundbars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: GCC: Soundbar (Passive Soundbars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: GCC: Soundbar (Other Installation Methods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: GCC: Soundbar (Other Installation Methods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: Soundbar (Wi-Fi) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: GCC: Soundbar (Wi-Fi) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: GCC: Soundbar (Bluetooth) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: GCC: Soundbar (Bluetooth) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: GCC: Soundbar (Other Connectivities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: GCC: Soundbar (Other Connectivities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: GCC: Soundbar (Home Audio) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: GCC: Soundbar (Home Audio) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: GCC: Soundbar (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: GCC: Soundbar (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: GCC: Soundbar (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: GCC: Soundbar (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Saudi Arabia: Soundbar Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Saudi Arabia: Soundbar Market: Breakup by Type (in %), 2022
Figure 35: Saudi Arabia: Soundbar Market: Breakup by Installation Method (in %), 2022
Figure 36: Saudi Arabia: Soundbar Market: Breakup by Connectivity (in %), 2022
Figure 37: Saudi Arabia: Soundbar Market: Breakup by Application (in %), 2022
Figure 38: Saudi Arabia: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: UAE: Soundbar Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: UAE: Soundbar Market: Breakup by Type (in %), 2022
Figure 41: UAE: Soundbar Market: Breakup by Installation Method (in %), 2022
Figure 42: UAE: Soundbar Market: Breakup by Connectivity (in %), 2022
Figure 43: UAE: Soundbar Market: Breakup by Application (in %), 2022
Figure 44: UAE: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Qatar: Soundbar Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Qatar: Soundbar Market: Breakup by Type (in %), 2022
Figure 47: Qatar: Soundbar Market: Breakup by Installation Method (in %), 2022
Figure 48: Qatar: Soundbar Market: Breakup by Connectivity (in %), 2022
Figure 49: Qatar: Soundbar Market: Breakup by Application (in %), 2022
Figure 50: Qatar: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Oman: Soundbar Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Oman: Soundbar Market: Breakup by Type (in %), 2022
Figure 53: Oman: Soundbar Market: Breakup by Installation Method (in %), 2022
Figure 54: Oman: Soundbar Market: Breakup by Connectivity (in %), 2022
Figure 55: Oman: Soundbar Market: Breakup by Application (in %), 2022
Figure 56: Oman: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Kuwait: Soundbar Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Kuwait: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Bahrain: Soundbar Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Bahrain: Soundbar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: GCC: Soundbar Industry: SWOT Analysis
Figure 62: GCC: Soundbar Industry: Value Chain Analysis
Figure 63: GCC: Soundbar Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Soundbar Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Soundbar Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: GCC: Soundbar Market Forecast: Breakup by Installation Method (in Million US$), 2023-2028
Table 4: GCC: Soundbar Market Forecast: Breakup by Connectivity (in Million US$), 2023-2028
Table 5: GCC: Soundbar Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: GCC: Soundbar Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 7: GCC: Soundbar Market: Competitive Structure
Table 8: GCC: Soundbar Market: Key Players
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