According to a market report by Lucintel, the future of the speaker market in the US looks promising with opportunities in the offline and online retail market. The major drivers for this market are increase in disposable income, rising trend for smart speakers, rise in preference of wireless speakers, and due to Covid-19 people are forced to stay at home that triggers the sales of electronic equipment.
In this market, smart speakers, home audio speakers, and portable speakers are used in commercial and personal end use segments. Smart speaker is expected to witness the highest growth due to increasing demand for IoT based connected devices.
Online retail segment is expected to witness the highest growth due to convenience of shopping, availability of different types of products, online offers and discounts, and door step delivery
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the speaker market in the US by product type, end use, and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Speaker Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the speaker market in the US by product type, end use and distribution channel as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Smart Speakers
Home Audio Speakers
Portable Speakers
Others
By End Use [$ Million Shipment Analysis 2015 to 2026]:
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
A more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/United-States/opportunities-for-the-speaker.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.