World - Loudspeakers (Not In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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The article analyzes the trends in the global non-enclosed loudspeakers market from 2012 to 2022 and provides forecasts for the period from 2022 to 2030. It discusses the consumption, production, imports, and exports trends, highlighting the key countries involved in each aspect. The analysis shows the growth patterns and fluctuations in volume and value terms, with insights into average prices and emerging trends in the market.
Market Forecast
Driven by increasing demand for loudspeakers (not in enclosure) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 1.9B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $10B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Loudspeakers (Not In Enclosure)
In 2022, consumption of loudspeakers (not in enclosure) increased by 11% to 1.7B units, rising for the second consecutive year after five years of decline. The total consumption volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume of 2B units. From 2016 to 2022, the growth of the global consumption failed to regain momentum.
The global non-enclosed loudspeakers market value rose rapidly to $8.3B in 2022, growing by 5.7% against 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $9B. From 2016 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 India (455M units), China (323M units) and the United States (132M units), with a combined 53% share of global consumption.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +17.0%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest non-enclosed loudspeakers markets worldwide were the United States ($923M), India ($530M) and China ($374M), together comprising 22% of the global market.
Among the main consuming countries, China, with a CAGR of +19.3%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of non-enclosed loudspeakers per capita consumption in 2022 were Singapore (20 units per person), Hong Kong SAR (10 units per person) and Poland (0.9 units per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by China (with a CAGR of +16.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Loudspeakers (Not In Enclosure)
In 2022, production of loudspeakers (not in enclosure) decreased by -3% to 2.3B units, falling for the second year in a row after four years of growth. In general, production, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 126%. Global production peaked at 2.7B units in 2020; however, from 2021 to 2022, production remained at a lower figure.
In value terms, non-enclosed loudspeakers production contracted slightly to $15.8B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 93%. Over the period under review, global production reached the peak level at $17.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Production By Country
China (1.5B units) remains the largest non-enclosed loudspeakers producing country worldwide, comprising approx. 66% of total volume. Moreover, non-enclosed loudspeakers production in China exceeded the figures recorded by the second-largest producer, Vietnam (198M units), eightfold. Thailand (190M units) ranked third in terms of total production with an 8.3% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +1.8%. In the other countries, the average annual rates were as follows: Vietnam (+12.8% per year) and Thailand (+12.9% per year).
Imports
World Imports of Loudspeakers (Not In Enclosure)
In 2022, the amount of loudspeakers (not in enclosure) imported worldwide reduced to 1.9B units, with a decrease of -10.4% against the previous year's figure. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, global imports attained the maximum at 2.5B units in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, non-enclosed loudspeakers imports reached $5.5B in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
Imports By Country
India (459M units) and China (364M units) were the largest importers of loudspeakers (not in enclosure) in 2022, accounting for near 24% and 19% of total imports, respectively. Hong Kong SAR (164M units) ranks next in terms of the total imports with an 8.4% share, followed by the United States (7.5%). The following importers - Germany (78M units), Mexico (74M units), Japan (74M units), Brazil (57M units), Poland (52M units), South Korea (50M units), Vietnam (42M units), Malaysia (38M units) and Indonesia (35M units) - together made up 26% of total imports.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +15.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1B) constitutes the largest market for imported loudspeakers (not in enclosure) worldwide, comprising 19% of global imports. The second position in the ranking was held by China ($458M), with an 8.3% share of global imports. It was followed by India, with a 7.5% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.9%. In the other countries, the average annual rates were as follows: China (+5.4% per year) and India (+7.2% per year).
Import Prices By Country
In 2022, the average non-enclosed loudspeakers import price amounted to $2.8 per unit, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($7.3 per unit), while Brazil ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Loudspeakers (Not In Enclosure)
In 2022, approx. 2.5B units of loudspeakers (not in enclosure) were exported worldwide; dropping by -15.6% on 2021 figures. Overall, exports continue to indicate a mild decrease. The growth pace was the most rapid in 2018 when exports increased by 151%. Over the period under review, the global exports attained the peak figure at 3B units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, non-enclosed loudspeakers exports totaled $6.3B in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in years to come.
Exports By Country
In 2022, China (1.6B units) was the key exporter of loudspeakers (not in enclosure), mixing up 62% of total exports. Hong Kong SAR (277M units) held the second position in the ranking, followed by Vietnam (224M units) and Thailand (176M units). All these countries together held near 27% share of total exports. Mexico (48M units) followed a long way behind the leaders.
China experienced a relatively flat trend pattern with regard to volume of exports of loudspeakers (not in enclosure). At the same time, Thailand (+14.6%) and Vietnam (+10.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.6% from 2012-2022. Mexico experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-10.7%) illustrated a downward trend over the same period. While the share of China (+9.7 p.p.), Vietnam (+6 p.p.) and Thailand (+5.4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (-19.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($3B) remains the largest non-enclosed loudspeakers supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by Vietnam ($933M), with a 15% share of global exports. It was followed by Mexico, with a 6.2% share.
In China, non-enclosed loudspeakers exports expanded at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+12.1% per year) and Mexico (+3.8% per year).
Export Prices By Country
The average non-enclosed loudspeakers export price stood at $2.5 per unit in 2022, increasing by 21% against the previous year. In general, the export price continues to indicate noticeable growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices attained the peak figure at $4.7 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($8.1 per unit), while Thailand ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global non-enclosed loudspeakers market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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