Electric Sound Amplifier Market

The global market for electric sound amplifiers is projected to experience growth in both volume and value terms over the period from 2022 to 2030. Consumption trends show a slight increase, with China, the United States, and India leading in consumption volumes. Production volumes have seen fluctuations, with China dominating as the largest producer. Imports and exports of electric sound amplifiers have also shown growth, with China being the main exporter. Price trends have varied by country, with the United States having the highest export prices. Overall, the market is forecasted to continue its upward trend in the coming years.

Market Forecast

Driven by rising demand for electric sound amplifier worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 48M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market value to $7.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Electric Sound Amplifier Sets

In 2022, consumption of electric sound amplifier sets was finally on the rise to reach 46M units after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at 48M units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global electric sound amplifier market value amounted to $6.7B in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a slight descent. As a result, consumption attained the peak level of $10B. From 2017 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (11M units), the United States (6.9M units) and India (4.5M units), with a combined 49% share of global consumption. Japan, the UK, Singapore, Indonesia, Brazil, South Korea, Mexico, Ethiopia, Chile and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Chile (with a CAGR of +12.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.2B) led the market, alone. The second position in the ranking was held by China ($676M). It was followed by Japan.

In the United States, the electric sound amplifier market plunged by an average annual rate of -5.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (+0.8% per year) and Japan (+1.1% per year).

In 2022, the highest levels of electric sound amplifier per capita consumption was registered in Singapore (261 units per 1000 persons), followed by Chile (36 units per 1000 persons), the UK (29 units per 1000 persons) and the United States (20 units per 1000 persons), while the world average per capita consumption of electric sound amplifier was estimated at 5.8 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the electric sound amplifier per capita consumption in Singapore totaled +11.1%. In the other countries, the average annual rates were as follows: Chile (+11.6% per year) and the UK (+7.6% per year).

Production

World Production of Electric Sound Amplifier Sets

In 2022, production of electric sound amplifier sets decreased by -2% to 42M units, falling for the second year in a row after five years of growth. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12%. Global production peaked at 44M units in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, electric sound amplifier production amounted to $6.3B in 2022 estimated in export price. Overall, production saw a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of 8% against the previous year. Global production peaked at $7.4B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (17M units) constituted the country with the largest volume of electric sound amplifier production, comprising approx. 40% of total volume. Moreover, electric sound amplifier production in China exceeded the figures recorded by the second-largest producer, the United States (6.1M units), threefold. The third position in this ranking was held by India (3.4M units), with an 8.3% share.

In China, electric sound amplifier production expanded at an average annual rate of +2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-4.3% per year) and India (-1.4% per year).

Imports

World Imports of Electric Sound Amplifier Sets

In 2022, overseas purchases of electric sound amplifier sets increased by 7.9% to 18M units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 24%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electric sound amplifier imports soared to $1.2B in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the UK (2.2M units), followed by Singapore (1.3M units), the Netherlands (1.2M units), India (1.2M units), Brazil (1M units), Belgium (1M units) and the United States (1M units) represented the major importers of electric sound amplifier sets, together comprising 50% of total imports. Chile (704K units), Thailand (689K units), Spain (660K units), Sweden (653K units), Greece (529K units) and Germany (446K units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +30.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest electric sound amplifier importing markets worldwide were the Netherlands ($133M), the United States ($99M) and Germany ($83M), with a combined 27% share of global imports.

Among the main importing countries, the Netherlands, with a CAGR of +22.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average electric sound amplifier import price stood at $65 per unit in 2022, growing by 7.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 10% against the previous year. As a result, import price reached the peak level of $72 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($185 per unit), while Greece ($8.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Electric Sound Amplifier Sets

In 2022, shipments abroad of electric sound amplifier sets decreased by -9.6% to 14M units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 when exports increased by 24%. The global exports peaked at 15M units in 2021, and then reduced in the following year.

In value terms, electric sound amplifier exports expanded to $1.2B in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, China (5.8M units) represented the main exporter of electric sound amplifier sets, generating 43% of total exports. The Netherlands (1.4M units) took the second position in the ranking, followed by Vietnam (1,018K units), Poland (946K units) and Belgium (765K units). All these countries together took near 30% share of total exports. The UK (578K units), Malaysia (470K units), Italy (293K units), Hong Kong SAR (292K units), the United States (224K units) and Thailand (220K units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.2% from 2012 to 2022. At the same time, Poland (+32.3%), Thailand (+31.0%), the Netherlands (+22.6%), Belgium (+16.4%), Vietnam (+15.7%), Malaysia (+12.8%), the UK (+6.5%) and Italy (+2.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.3% from 2012-2022. By contrast, the United States (-4.6%) and Hong Kong SAR (-9.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Poland, China, Vietnam, Belgium and Malaysia increased by +7.9, +6.2, +5.2, +4.4, +3.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($241M), the Netherlands ($174M) and the United States ($95M) appeared to be the countries with the highest levels of exports in 2022, with a combined 43% share of global exports. Italy, Poland, Malaysia, the UK, Belgium, Vietnam, Thailand and Hong Kong SAR lagged somewhat behind, together accounting for a further 28%.

Poland, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average electric sound amplifier export price stood at $88 per unit in 2022, rising by 14% against the previous year. Overall, the export price, however, showed a slight contraction. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices attained the maximum at $128 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($425 per unit), while Vietnam ($25 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform