Research Nester has released a report titled “Bluetooth Bottle Bass Speakers Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the Bluetooth bottle bass speakers market in terms of market segmentation by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Bluetooth bottle bass speakers market is segmented by distribution channel into online and offline. The online segment is further segmented into e-commerce and web-store, out of which, e-commerce store is anticipated to have largest market share on account of competitive pricing of expandable speakers provided by various e-tailers, combined with competitive advantage on the information provided for expandable speakers and relatively attractive sale discounts.
The Bluetooth bottle bass speakers market is anticipated to record a significant CAGR during the forecast period, i.e. 2020-2027. Growing utilization of voice assistant feature for search by consumers, coupled with convenience of portability and experience of audio quality gathered from the products, all of these factors are estimated to promote the demand for Bluetooth bottle bass speakers market throughout the forecast period.
Regionally, the Bluetooth bottle bass speakers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is expected to have largest market share on the back of demand for high quality of products by consumers. Additionally, increasing disposable income of the population is estimated to propel the growth of the market in the region. In the statistics provided by Organisation for Economic Co-operation and Development (OECD), United States witnessed an all-time high disposable personal income by crossing USD 16,350 Billion during July 2019.
Growing Trend of Wireless Streaming of Audio
There is a rising demand for wireless transmission of data owing to the purpose of its convenience. Consumers are shifting demand towards the adoption of wireless devices with the growing technical advancements of these devices. Bluetooth bottle bass speakers comprises the feature of Bluetooth connectivity thereby providing an extra edge of control to its users. Furthermore, growing demand for quality devices that provides an optimum level of hearing experience to the ears, combined with its varied utility and associated aesthetics of the devices, all of these factors are contributing significantly towards the growth of the market.
However, the concern for high product costs, coupled with the necessity to recharge pretty often owing to high battery drainage rate, all of these factors are expected to operate as key restraints to the growth of the Bluetooth bottle bass speakers market during the forecast period.
This report also states that Sodapop is the only market player that is offering Bluetooth bottle bass speakers. It is further expected that more number of players in the portable expandable speakers segment, for instance Koninklijke Philips N.V. (AMS: PHIA), Panasonic Corporation (TYO: 6752), Sony Corporation (TYO: 6758), LG Electronics (KRX: 066570), Bose Corporation, HARMAN International and others might compete in the segment. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Bluetooth bottle bass speakers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.