Increasing smartphone sales and technology innovations to drive China Bluetooth speaker market until 2025
According to TechSci Research report, “China Bluetooth Speaker Market By Type, By Distribution Channel, By Region, By Price Range, Competition, Forecast & Opportunities, 2025”, China Bluetooth speaker market is projected to grow at a CAGR of above 16% during 2019-2025. Surging smartphone sales and user base in China is one of the major factors boosting the country’s Bluetooth speaker market. Moreover, innovations in audio technology is expected to bode well for the growth of China Bluetooth speaker market through the forecast period. In addition to this, growing popularity of multi room streaming is expected to positively influence the growth of China Bluetooth speaker market in the years to come. Also, Bluetooth speakers need no wiring, consume less space are being launched in stylish and elegant designs, which is expected to positively contribute to the market growth in the next five years. However, piracy acts as a major impediment to the growth of portable Bluetooth speaker market in China since the pirated products are offered at significantly lesser price compared to the original products.
Browse 22 market data Figures spread through 77 Pages and an in-depth TOC on“China Bluetooth Speaker Market”
China Bluetooth speaker market is segmented based on type, price range, distribution channel, company, and regional distribution. Based on distribution channel, the market can be divided into store-based retail and non-store-based retail. In 2019, the store-based retail segment dominated the country’s Bluetooth speaker market. However, over the next five years, the non-store-based retail segment is expected to grow at a faster pace, predominantly due to higher discounts, and thereby cross majority market share by 2025. Based on type, the market can be categorized into portable Bluetooth speaker and fixed Bluetooth speaker. The portable Bluetooth speaker segment is anticipated to grow at a higher CAGR over the next five years.
Xiaomi Corporation, Huawei Technologies Co., Ltd., Philips (China) Investment Co., Ltd., Sony (China) Co., Ltd., Edifier Technology Co Ltd, JBL (Harman (China) Investment Co., Ltd.), Bose Electronics Shanghai Co. Ltd., Beats by Dr. Dre, Bang & Olufsen, Havit, and Sansui Electric Co., Ltd are some of the leading players operating in China Bluetooth speaker market. The leading players are adopting several growth strategies to enhance their respective market shares. Other competitive strategies include product launches, mergers & acquisitions, agreement, partnerships and collaborations.
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“China Bluetooth speaker market is anticipated to witness significant growth over the next five years owing to the surging need for mobile infotainment systems. Additionally, introduction of waterproof and rugged Bluetooth speakers, which are suitable for outdoor use and can withstand severe conditions, is expected to positively impact the growth of market during forecast period i.e. 2020 – 2025. Furthermore, on account of growing number of smart homes in the region, China Bluetooth speaker market is anticipated to rev up during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“China Bluetooth Speaker Market By Type, By Distribution Channel, By Region, By Price Range, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of China Bluetooth speaker market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in China Bluetooth speaker market.
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