Sound Reinforcement Market in Europe - Industry Outlook and Forecast 2019-2024

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57 company

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EUROPE SOUND REINFORCEMENT MARKET SIZE TO REACH USD 2.24 BILLION BY 2024, GROWING AT A CAGR OF 3% DURING THE FORECAST PERIOD

Europe Sound Reinforcement Market Size, Share, & Trends Analysis Report Formats (Digital and Analog), Distribution Channels (Online and Retail), End-users (Large Venues and Events, Corporates, Educational Institutes, Government and Military, and Others), and Countries (Germany, France, UK, Italy, Spain, Switzerland, Russia, Benelux, and Scandinavia), Industry Analysis Report, Regional Outlook, Growth Trends, Competitive Landscape, Share & Forecast, 2019-2024
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EUROPE SOUND REINFORCEMENT MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (REVENUE)USD 2.24 BILLION (2024)
MARKET SIZE (UNIT SHIPMENT)3 MILLION UNIT (2024)
CAGR3% (2019-2024)
BASE YEAR2018
FORECAST YEAR2019-2024
MARKET SEGMENTSFormats (Digital and Analog), Distribution Channels (Online and Retail), End-users (Large Venues and Events, Corporates, Educational Institutes, Government and Military, and Others)
GEOGRAPHIC ANALYSISEurope
COUNTRIES COVEREDGermany, France, UK, Italy, Spain, Switzerland, Russia, Benelux, and Scandinavia
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INDUSTRY INSIGHTS

The Europe sound reinforcement market size to reach USD 2.24 billion by 2024, growing at a CAGR of 3% during the forecast period. A sound reinforcement system is a combination of several equipment such as microphones, pro speakers, audio mixers, audio signal processors, and power amplifiers. The system is designed and engineered to capture, enhance, and amplify the live or pre-recorded sounds. Futuristic inventions in wireless digital technology and the growth in complementary digital technologies are likely to boost investors’ confidence in the Europe sound reinforcement market. The market is expected to witness an increase in the VC (venture capital) funding during the forecast period.

Also, several vendors are constantly trying to upgrade their existing systems. Many startups are likely to enter the market with innovative solutions and advanced features while existing vendors will continue to enhance their product portfolio through upgrades. Hence, the introduction of upgrades is expected to drive market growth during the forecast period. Advancements in technology will help sound enhancement products to fare better in terms of usage, connectivity, design, sensor technology, and signal transmission by 2024. 

Market Overview

The Europe sound reinforcement market is witnessing enhancements due to the increased demand for audio and video equipment, especially from corporates, government offices, and institutional workplaces. With the intensifying competition, the corporate sector and institutional workplaces are increasingly adopting equipment such as microphones and speakers to ease and smooth workflow processes and activities. Further, the development of innovative tools and technologies to promote e-learning in classrooms is expected to fuel the growth of the Europe sound reinforcement market in coming years.

The growing music production and recording industry has amplified the market to a greater level. Also, the increasing number of exhibitions, conferences, trades shows, and seminars are expected to drive the Europe sound reinforcement market.

Further, the growing convergence of Pro AV and IoT is also significantly adding to market growth. The penetration of IoT (Internet of Things) in the pro AV industry is expanding, and vendors are exploring ways to use IoT for streamlining manufacturing processes and SPM (supply chain management), thereby delivering personalized customer experience.

EUROPE SOUND REINFORCEMENT MARKET SEGMENTATION

The market research report includes detailed market segmentation by

  • Products
  • Distribution channels
  • Formats
  • End-user

INSIGHTS BY PRODUCTS

Pro Speakers are Soon Going to be Wireless/ IoT and AV will help the User to Operate the Microphone from Remote Location

The Europe sound reinforcement market by product can be segmented into microphones, pro speakers, audio/sound mixers, audio signal processors, power amplifiers, others. In 2018, the microphones segment led the market and is expected to grow at a CAGR of around 2.23% during the forecast period. Microphones are further categorized into wired, handheld, clip-on, and other wireless microphones. They are extensively used in concerts, musical events, sporting tournaments, and in broadcasting studios. Vendors are exploring ways to implement IoT (internet of things) and AV (audio-visual) technology in microphones, which will facilitate the user to operate from remote locations as well. Further, the increasing proliferation of IoT in the education sector is paving the way for vendors to explore sales opportunities in university campuses. Hence, digital enhancements in the microphone industry are expected to boost the Europe sound reinforcement market during the forecast period.

Pro speakers are another significant segment, and the Europe sound reinforcement market is witnessing the increased adoption of pro speakers. This can be attributed to the growing music industry, the increasing demand for PA systems, and the need to efficiently distribute sound in large venues such as worship places or stadiums. Further, vendors are investing for R&D to introduce wireless pro-speakers in the Europe sound reinforcement market.

Sound mixers, audio signal processors, and audio power amplifiers segments are gaining momentum due to the growth in the music industry. With the increased music production and the growing market for nightclubs and DJ equipment, the demand for audio mixers is expected to grow in the Europe sound reinforcement market during the forecast period.

INSIGHTS BY FORMAT

Increased Reach of the Internet is Boosting the Digital Format

The Europe sound reinforcement market by format can be segmented into digital and analog segments. The digital segment captured more than half of the market in 2018. The analog segment, on the other hand, is expected to grow at a CAGR of about 1% during the forecast period. The digital segment is expected to witness increased market growth in the coming year due to the rise in internet users and the growth in the number of connected devices.

INSIGHTS BY DISTRIBUTION

Retail Stores by Key Vendors are Amplifying the Europe Sound Reinforcement Market

The Europe sound reinforcement market by distribution can be segmented into online and retail segments. In 2018, the retail segment contributed to the highest market revenue. Several traditional pro AV equipment vendors have modified their product line to increase the visibility of multiple sound reinforcement systems in retail stores. HARMAN, Yamaha, Sennheiser, Shure, Audio-Technica, Sony, Bose, and MUSIC Group have established retail stores across Europe.

Further, the trend of selling sound reinforcement products through online and OEM stores is increasing. A significant share of product distribution in the market takes place through conventional pro audio and electronics stores/outlets. However, with the increasing penetration of the internet and the availability of high discounts and access to consumer reviews, the online distribution segment is likely to increase during the forecast period.

INSIGHTS BY END-USER

Digital AV solutions are Helping corporates to increase Connectivity and improve workflow processes across locations

The Europe sound reinforcement market by end-user can be segmented into large venues and events, corporates, educational institutes, government and military, and others. The corporate sector is expected to remain the largest end-user segment in the sound reinforcement market and captured one-third of the market in 2018. The geographic expansion of companies, the growing number of offices, and the integration of IoT in business workflow processes are the major factors contributed to the segment growth.

The growing application of pro AV systems in the hospitality sector is also driving the demand for AV products. Restaurants, hotels, nightclubs, casinos, and cruise ships are other sectors that are increasingly incorporating modern-day pro AV systems to enhance the consumer experience.

INSIGHTS BY COUNTRIES

Europe sound reinforcement market is growing at a significant rate. Germany, UK, France, Italy, Spain, Switzerland, Russia, Benelux, and Scandinavia are some of the leading countries in the market. Germany and UK are the key markets for sound reinforcement equipment in Europe and has witnessed robust economic performance over the last couple of years. Germany is the home for some of the largest pro AV system manufacturers and the UK is known as the leading destination for music festivals, these factors have played a significant role in the market upliftment in the region. Hence, the growing music industry and increasing partnership between artists and leading manufacturers are driving the Europe sound reinforcement market. 

The Europe sound reinforcement market search report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Formats

  • Digital
  • Analog

By Distribution Channels

  • Online
  • Retails

By End-users

  • Large Venues and Events
  • Corporates
  • Educational Institutes
  • Government and Military
  • Others

By Countries

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Switzerland
  • Russia
  • Benelux
  • Scandinavia

Frequently Asked Questions

What is the sound reinforcement in Europe market size and growth forecast?

Sound reinforcement market in europe is likely to reach around USD 2.24 billion by 2024 will grow at a CAGR of approximately 3% during the forecast period

What are the factors impacting the growth of the sound reinforcement in Europe market?

The retail segment contributed to the highest market revenue. Several traditional pro AV equipment vendors have modified their product line to increase the visibility of multiple sound reinforcement systems in retail stores.

Who are the key players in the sound reinforcement in Europe market?

The leading players are Audio-Technica, Bose, HARMAN International, MUSIC Group (Music Tribe), Sennheiser Electronic, Shure, Sony, Yamaha

What are the factors boosting the growth in the Germany and UK region?

Germany is the home for some of the largest pro AV system manufacturers and the UK is known as the leading destination for music festivals, these factors have played a significant role in the market upliftment in the region.

The Europe sound reinforcement market is likely to reach around $2.24billion by 2024, growing at a CAGR of approximately 3% during 2018–2024.

The emergence of networked audio technology, the rise in strategic partnership with artists, the increased demand from corporates, government offices, educational institutes, and the increasing number of sporting events and tourism are helping the Europe sound reinforcement market to grow significantly.

Base Year:        2018

Forecast Year:  2019–2024

The study considers the present scenario of the Europe sound reinforcement market and its market dynamics for the period 2019−2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the Europe sound reinforcement market.

Prominent Vendors

  • Audio-Technica
    • Business Overview
    • Product Offerings
    • Key Strengths
    • Key Strategies
    • Key Opportunities
  • Bose
  • HARMAN International
  • MUSIC Group (Music Tribe)
  • Sennheiser Electronic
  • Shure
  • Sony
  • Yamaha

Other Prominent Vendors

  • ADK Microphones
    • Business Overview
  • AEB Industriale (DB TECHNOLOGIES)
  • Alcons Audio
  • Amadeus
  • Ansr Audio
  • Apex Audio
  • Audioprof
  • Audio Engineering Associates
  • Audix microphones
  • Beijing 797 Audio
  • Belden
  • Beyerdynamic
  • Blue Microphones
  • Bowers & Wilkins (B&W)
  • BOYA
  • CAD Audio
  • Carlson Audio Systems
  • CeltoAcoustique
  • Coda Audio
  • CORDIAL
  • Dynaudio
  • d&baudiotechnik/system
  • Electro-Voice (EV)
  • Extron Electronics
  • GTD Audio
  • HEDD | Heinz Electrodynamic Designs
  • Hz Sound Systems
  • inMusic
  • Klipsch Audio Technologies
  • K-Array
  • Lectrosonics
  • Legrand
  • Lewitt
  • Liberty AV
  • LOUD Audio
  • MIPRO Electronics
  • MXL by Marshall Electronics
  • Nady Systems
  • OUTLINE
  • Pan Acoustics
  • Powersoft Audio
  • PROEL
  • Pyle Pro
  • Samson Technologies
  • sE Electronics
  • Southwire Company
  • Stewart Audio
  • Vivolink
  • Zaxcom

Market Segmentation by Products

  • Microphones
  • Pro speakers
  • Audio/Sound Mixers
  • Audio Signal Processors
  • Power Amplifiers
  • Others

Market Segmentation by Formats

  • Digital
  • Analog

Market Segmentation by Distribution Channels

  • Online
  • Retail

Market Segmentation by End-users

  • Large Venues and Events
  • Corporates
  • Educational Institutes
  • Government and Military
  • Others
Market Segmentation by Countries
  • Germany 
  • France
  • UK
  • Italy
  • Spain
  • Switzerland
  • Russia
  • Benelux
  • Scandinavia

List of Exhibits 

Exhibit 1               Segmentation of Sound Reinforcement Market in Europe

Exhibit 2               Market Size Calculation Approach 2018

Exhibit 3               Professional AV Application Markets

Exhibit 4               Generic Composition of a Sound Reinforcement System

Exhibit 5               Process Overview of Sound Reinforcement System

Exhibit 6               Evolution of Microphones

Exhibit 7               Overview of Sound Reinforcement Market in Europe

Exhibit 8               Impact of Growing Convergence of Pro AV and IoT

Exhibit 9               Economic Impact of IoT in Various Settings by 2025 (impact in $ trillion)

Exhibit 10             IoT Capabilities

Exhibit 11             Impact of Emergence of Networked Audio Technology

Exhibit 12             Adoption of Various Networked Audio Technology – Number of Products 2013−2017

Exhibit 13             Global Audio Networking Solutions Market 2018−2024

Exhibit 14             Impact of Strategic Partnerships with Artists

Exhibit 15             Impact of Growing Adoption in Educational Institutions

Exhibit 16             E-learning market in Education (K-12 & Higher Education) 2018–2024 ($ billion)

Exhibit 17             Impact of Acoustical Challenges Related to Pro Speakers

Exhibit 18             Impact of Technical Difficulties Hampering Adoption of Wireless Microphones

Exhibit 19             Impact of Volatility in Raw Material Prices Affecting Vendor Margins

Exhibit 20             Copper: Global Average Price Fluctuations 2006−2018

Exhibit 21             Fluctuations in Crude Oil Prices 2014−2018 (% change in $ per barrel)

Exhibit 22             Hot-rolled Steel Price in Western Europe ($ per metric ton)

Exhibit 23             Impact of Increased Demand from Corporate, Government, and Institutions

Exhibit 24             Corporate Training: Average Traditional Classroom Learning Hours 2010–2017

Exhibit 25             Impact of Growing Live Performance and Music Industry

Exhibit 26             Live Music Industry Contribution to UK Economy 2012–2016 ($ billion)

Exhibit 27             Impact of Increasing Number of Sporting Events and Tournaments

Exhibit 28             Increasing Number of Esports Tournaments 1998–2015

Exhibit 29             Impact of Growing Music Production and Recording Industry

Exhibit 30             Global Music Production and Recording Equipment Market 2016–2024 ($ billion)

Exhibit 31             Value Chain Analysis of Sound Reinforcement Market in Compliance with AV Industry

Exhibit 32             Sound Reinforcement Market in Europe Historical Data 2015−2017

Exhibit 33             Sound Reinforcement Market in Europe 2018−2024 ($ million)

Exhibit 34             Changes in Per Capita Disposable Income in EU-27+1 Countries 2006−2015

Exhibit 35             Annual Saving Ratio of Western European Countries 2008−2017

Exhibit 36             Change in Annual Household Disposable Income in Europe 2008−2015 (%)

Exhibit 37             Sound Reinforcement Market in Europe 2018−2024 (thousand units)

Exhibit 38             Urban and Rural Population in Europe 1950−2050 (Percentage of total population)

Exhibit 39             Exhibition Market in Europe 2018−2024 ($ billion)

Exhibit 40             Five Force Analysis 2018

Exhibit 41             Incremental Growth by Product Type 2018−2024 (Revenue)

Exhibit 42             Sound Reinforcement Market in Europe: Product Overview

Exhibit 43             Sound Reinforcement Market in Europe by Product Type 2018

Exhibit 44             Sound Reinforcement Market in Europe by Product Type 2018−2024 ($ million)

Exhibit 45             Incremental Growth by Sub-product Type 2018−2024 (Revenue)

Exhibit 46             Europe Microphone Market 2018–2024 ($ million)

Exhibit 47             Europe Microphone Market 2018–2024 (thousand units)

Exhibit 48             Microphone Market: Product Overview

Exhibit 49             Microphone Market in Europe by Product Type 2018

Exhibit 50             Microphone Market in Europe by Product – Wired and Wireless 2018–2024 ($ million)

Exhibit 51             Microphone Market in Europe by Product – Wired and Wireless 2018–2024 (thousand units)

Exhibit 52             Wireless Microphone Market: Sub-product Overview

Exhibit 53             Europe Handheld Microphone Market 2018−2024 (Revenue & Unit Shipment)

Exhibit 54             Europe Clip-on Microphone Market 2018−2024 (Revenue & Unit Shipment)

Exhibit 55             Europe Market for Other Microphones 2018−2024 (Revenue & Unit Shipment)

Exhibit 56             Incremental Growth by Sub-product Type 2018−2024 (Revenue)

Exhibit 57             Europe Pro Speaker Market 2018–2024 ($ million)

Exhibit 58             Demand Factors for Pro Speakers

Exhibit 59             Europe Pro Speaker Market 2018–2024 (thousand units)

Exhibit 60             Pro Speaker Market: Product Overview

Exhibit 61             Europe Pro Speaker Market by Product Type 2018

Exhibit 62             Europe Pro Speaker Market by Product Type 2018–2024 ($ million)

Exhibit 63             Europe Point Source Speaker System Market 2018−2024 (Revenue & Unit Shipment)

Exhibit 64             Europe Line Array Speaker Systems Market 2018−2024 (Revenue & Unit Shipment)

Exhibit 65             Europe Subwoofers Market 2018−2024 (Revenue & Unit Shipment)

Exhibit 66             Europe Market for Other Pro Speakers 2018−2024 (Revenue & Unit Shipment)

Exhibit 67             Pro Speaker Market by Amplification Method: Sub-product Overview

Exhibit 68             Incremental Growth by Sub-product Type 2018−2024 (Revenue)

Exhibit 69             Europe Audio/Sound Mixer Market 2018–2024 ($ million)

Exhibit 70             Europe Audio/Sound Mixer Market 2018–2024 (thousand units)

Exhibit 71             Incremental Growth by Sub-product Type 2018−2024 (Revenue)

Exhibit 72             Europe Audio Signal Processor Market 2018–2024 ($ million)

Exhibit 73             Europe Audio Signal Processor Market 2018–2024 (thousand units)

Exhibit 74             Incremental Growth by Sub-product Type 2018−2024 (Revenue)

Exhibit 75             Europe Audio Power Amplifier Market 2018–2024 ($ million)

Exhibit 76             Europe Audio Power Amplifier Market 2018–2024 (thousand units)

Exhibit 77             Incremental Growth by Sub-product Type 2018−2024 (Revenue)

Exhibit 78             Europe Market for Other Sound Reinforcement Solutions 2018–2024 ($ million)

Exhibit 79             Incremental Growth by End-user Type 2018−2024 (Revenue)

Exhibit 80             Europe Sound Reinforcement Market by End-users: An Overview

Exhibit 81             Europe Sound Reinforcement Market by End-user Type 2018

Exhibit 82             Europe Sound Reinforcement Market by End-user Type: CAGR Comparison 2018–2024

Exhibit 83             Europe Market by Corporates 2018–2024 ($ million)

Exhibit 84             Europe Market by Corporates 2018–2024 (thousand units)

Exhibit 85             Europe Market by Large Venues & Events 2018–2024 ($ million)

Exhibit 86             Europe Market by Large Venues & Events 2018–2024 (thousand units)

Exhibit 87             Europe Market by Educational Institutions 2018–2024 ($ million)

Exhibit 88             Europe Market by Educational Institutions 2018–2024 (thousand units)

Exhibit 89             Europe Market by Government & Military 2018–2024 ($ million)

Exhibit 90             Europe Market by Government & Military 2018–2024 (thousand units)

Exhibit 91             Europe Market by Studio & Broadcasting 2018–2024 ($ million)

Exhibit 92             Europe Market by Studio & Broadcasting 2018–2024 (thousand units)

Exhibit 93             Europe Market by Hospitality 2018–2024 ($ million)

Exhibit 94             Europe Market by Hospitality 2018–2024 (thousand units)

Exhibit 95             Europe Market by Other Sectors 2018–2024 ($ million)

Exhibit 96             Europe Market by Other Sectors 2018–2024 (thousand units)

Exhibit 97             Incremental Growth by Format Type 2018−2024 (Revenue)

Exhibit 98             Sound Reinforcement Market in Europe by Format Type: An Overview

Exhibit 99             Sound Reinforcement Market in Europe by Format Type 2018

Exhibit 100          Various Distribution Channels of Sound Reinforcement Equipment

Exhibit 101          Distribution Channel Flow of Sound Reinforcement Equipment

Exhibit 102          Sound Reinforcement Market in Europe by Distribution Channels 2018

Exhibit 103          Incremental Growth in Europe 2018-2024

Exhibit 104          Germany: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 105          UK: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 106          France: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 107          Italy: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 108          Spain: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 109          Switzerland: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 110          Russia: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 111          Benelux: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

Exhibit 112          Scandinavia: Sound Reinforcement Market 2018–2024 (Revenue & Unit Shipment)

               

List of Tables  

Table 1                  Key Caveats

Table 2                  Currency Conversion 2013−2018

Table 3                  Average IoT Expenditure by Various Industries (percentage of overall revenue) 2017

Table 4                  Various Audio Networking Standards as of Market 2017

Table 5                  Acoustical Challenges

Table 6                  Major Sporting Events of 2018

Table 7                  Live Events in Europe 2018−2019

Table 8                  Pro Speaker Market by Amplification: Passive and Powered Speaker Market 2018–2024

Table 9                  Audio/Sound Mixer Market: Powered & Non-Powered Sound Mixers 2018–2024

Table 10               Audio Signal Processor Market: Digital & Analog Audio Signal Processor 2018–2024

Table 11               Audio Power Amplifier Market: Digital & Analog Audio Power Amplifiers 2018–2024

Table 12               Europe Market for Other Sound Reinforcement Solutions: Cables, Audio Networking Solutions, & Others 2018–2024 ($ million)

Table 13               Key Theme Parks across Europe

Table 14               Stadiums Witnessing Renovation for Expansion Purposes in Europe

Table 15               RevPAR in European Cities for 2018 (%)

Table 16               Sound Reinforcement Market: Digital and Analog Systems 2018–2024

Table 17               Germany: Market by Product Type 2018−2024 ($ million)

Table 18               Germany: Market by Product Type 2018−2024 (thousand units)

Table 19               Germany: Market by End-users 2018−2024 ($ million)

Table 20               Germany: Market by End-users 2018−2024 (thousand units)

Table 21               Germany: Market by Format 2018−2024 ($ million)

Table 22               Germany: Market by Format 2018−2024 (thousand units)

Table 23               UK: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 24               UK: Market by Product Type 2018−2024 (thousand units)

Table 25               UK: Market by End-users 2018−2024 ($ million)

Table 26               UK: Market by End-users 2018−2024 (thousand units)

Table 27               UK: Market by Format 2018−2024 ($ million)

Table 28               UK: Market by Format 2018−2024 (thousand units)

Table 29               France: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 30               France: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 31               France: Sound Reinforcement Market by End-users 2018−2024 ($ million)

Table 32               France: Sound Reinforcement Market by End-users 2018−2024 (thousand units)

Table 33               France: Sound Reinforcement Market by Format 2018−2024 ($ million)

Table 34               France: Sound Reinforcement Market by Format 2018−2024 (thousand units)

Table 35               Italy: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 36               Italy: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 37               Italy: Sound Reinforcement Market by End-users 2018−2024 ($ million)

Table 38               Italy: Sound Reinforcement Market by End-users 2018−2024 (thousand units)

Table 39               Italy: Sound Reinforcement Market by Format 2018−2024 ($ million)

Table 40               Italy: Sound Reinforcement Market by Format 2018−2024 (thousand units)

Table 41               Spain: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 42               Spain: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 43               Spain: Sound Reinforcement Market by End-users 2018−2024 ($ million)

Table 44               Spain: Sound Reinforcement Market by End-users 2018−2024 (thousand units)

Table 45               Spain: Sound Reinforcement Market by Format 2018−2024 ($ million)

Table 46               Spain: Sound Reinforcement Market by Format 2018−2024 (thousand units)

Table 47               Switzerland: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 48               Switzerland: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 49               Switzerland: Market by End-users 2018−2024 ($ million)

Table 50               Switzerland: Market by End-users 2018−2024 (thousand units)

Table 51               Switzerland: Market by Format 2018−2024 ($ million)

Table 52               Switzerland: Market by Format 2018−2024 (thousand units)

Table 53               Russia: Market by Product Type 2018−2024 ($ million)

Table 54               Russia: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 55               Russia: Market by End-users 2018−2024 ($ million)

Table 56               Russia: Sound Reinforcement Market by End-users 2018−2024 (thousand units)

Table 57               Russia: Sound Reinforcement Market by Format 2018−2024 ($ million)

Table 58               Russia: Sound Reinforcement Market by Format 2018−2024 (thousand units)

Table 59               Benelux: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 60               Benelux: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 61               Benelux: Sound Reinforcement Market by End-users 2018−2024 ($ million)

Table 62               Benelux: Sound Reinforcement Market by End-users 2018−2024 (thousand units)

Table 63               Benelux: Sound Reinforcement Market by Format 2018−2024 ($ million)

Table 64               Benelux: Sound Reinforcement Market by Format 2018−2024 (thousand units)

Table 65               Scandinavia: Sound Reinforcement Market by Product Type 2018−2024 ($ million)

Table 66               Scandinavia: Sound Reinforcement Market by Product Type 2018−2024 (thousand units)

Table 67               Scandinavia: Sound Reinforcement Market by End-users 2018−2024 ($ million)

Table 68               Scandinavia: Sound Reinforcement Market by End-users 2018−2024 (thousand units)

Table 69               Scandinavia: Sound Reinforcement Market by Format 2018−2024 ($ million)

Table 70               Scandinavia: Sound Reinforcement Market by Format 2018−2024 (thousand units)

Table 71               Audio-Technica: Product Offerings

Table 72               Bose: Product Offerings

Table 73               HARMAN International (Samsung): Product Offerings

Table 74               MUSIC Group (MUSIC Tribe): Product Offerings

Table 75               Sennheiser electronic: Product Offerings

Table 76               Shure: Product Offerings

Table 77               Sony: Product Offerings

Table 78               Yamaha: Product Offerings

Table 79               Summary of Europe Market by Product Type 2018−2024 ($ million)

Table 80               Summary of Europe Market by Product Type 2018−2024 (thousand units)

Table 81               Summary of Europe Market by End-users 2018−2024 ($ million)

Table 82               Summary of Europe Market by End-users 2018−2024 (thousand units)

Table 83               Summary of Europe Market by Format 2018−2024 ($ million)

Table 84               Summary of Europe Market by Format 2018−2024 (thousand units)

Table 85               Summary of Germany Market by Product Type 2018−2024 ($ million)

Table 86               Summary of Germany Market by Product Type 2018−2024 (thousand units)

Table 87               Summary of Germany Market by End-users 2018−2024 ($ million)

Table 88               Summary of Germany Market by End-users 2018−2024 (thousand units)

Table 89               Summary of Germany Market by Format 2018−2024 ($ million)

Table 90               Summary of Germany Market by Format 2018−2024 (thousand units)

Table 91               Summary of UK Market by Product Type 2018−2024 ($ million)

Table 92               Summary of UK Market by Product Type 2018−2024 (thousand units)

Table 93               Summary of UK Market by End-users 2018−2024 ($ million)

Table 94               Summary of UK Market by End-users 2018−2024 (thousand units)

Table 95               Summary of UK Market by Format 2018−2024 ($ million)

Table 96               Summary of UK Market by Format 2018−2024 (thousand units)

Table 97               Summary of France Market by Product Type 2018−2024 ($ million)

Table 98               Summary of France Market by Product Type 2018−2024 (thousand units)

Table 99               Summary of France Market by End-users 2018−2024 ($ million)

Table 100             Summary of France Market by End-users 2018−2024 (thousand units)

Table 101             Summary of France Market by Format 2018−2024 ($ million)

Table 102             Summary of France Market by Format 2018−2024 (thousand units)

Table 103             Summary of France Market by Product Type 2018−2024 ($ million)

Table 104             Summary of Italy Market by Product Type 2018−2024 (thousand units)

Table 105             Summary of Italy Market by End-users 2018−2024 ($ million)

Table 106             Summary of Italy Market by End-users 2018−2024 (thousand units)

Table 107             Summary of Italy Market by Format 2018−2024 ($ million)

Table 108             Summary of Italy Market by Format 2018−2024 (thousand units)

Table 109             Summary of Spain Market by Product Type 2018−2024 ($ million)

Table 110             Summary of Spain Market by Product Type 2018−2024 (thousand units)

Table 111             Summary of Spain Market by End-users 2018−2024 ($ million)

Table 112             Summary of Spain Market by End-users 2018−2024 (thousand units)

Table 113             Summary of Spain Market by Format 2018−2024 ($ million)

Table 114             Summary of Spain Market by Format 2018−2024 (thousand units)

Table 115             Summary of Switzerland Market by Product Type 2018−2024 ($ million)

Table 116             Summary of Switzerland Market by Product Type 2018−2024 (thousand units)

Table 117             Summary of Switzerland Market by End-users 2018−2024 ($ million)

Table 118             Summary of Switzerland Market by End-users 2018−2024 (thousand units)

Table 119             Summary of Switzerland Market by Format 2018−2024 ($ million)

Table 120             Summary of Switzerland Market by Format 2018−2024 (thousand units)

Table 121             Summary of Russia Market by Product Type 2018−2024 ($ million)

Table 122             Summary of Russia Market by Product Type 2018−2024 (thousand units)

Table 123             Summary of Russia Market by End-users 2018−2024 ($ million)

Table 124             Summary of Russia Market by End-users 2018−2024 (thousand units)

Table 125             Summary of Russia Market by Format 2018−2024 ($ million)

Table 126             Summary of Russia Market by Format 2018−2024 (thousand units)

Table 127             Summary of Benelux Market by Product Type 2018−2024 ($ million)

Table 128             Summary of Benelux Market by Product Type 2018−2024 (thousand units)

Table 129             Summary of Benelux Market by End-users 2018−2024 ($ million)

Table 130             Summary of Benelux Market by End-users 2018−2024 (thousand units)

Table 131             Summary of Benelux Market by Format 2018−2024 ($ million)

Table 132             Summary of Benelux Market by Format 2018−2024 (thousand units)

Table 133             Summary of Scandinavia Market by Product Type 2018−2024 ($ million)

Table 134             Summary of Scandinavia Market by Product Type 2018−2024 (thousand units)

Table 135             Summary of Scandinavia Market by End-users 2018−2024 ($ million)

Table 136             Summary of Scandinavia Market by End-users 2018−2024 (thousand units)

Table 137             Summary of Scandinavia Market by Format 2018−2024 ($ million)

Table 138             Summary of Scandinavia Market by Format 2018−2024 (thousand units)

1              Research Methodology

2              Research Objectives

3              Research Process

 

4              Scope & Coverage

4.1          Market Definition

4.1.1      Inclusions

4.1.2      Exclusions

4.2          Base Year

4.3          Scope of the study

4.4          Market Segments

4.4.1      Market Segmentation by Products

4.4.2      Market Segmentation by End-users

4.4.3      Market Segmentation by Format

4.4.4      Market Segmentation by Distribution

4.4.5      Market Segmentation by Geography

 

5              Report Assumptions & Caveats

5.1          Key Caveats

5.2          Currency Conversion

5.3          Market Derivation

 

6              Market At A Glance

7              Introduction

7.1          Overview

7.1.1      Pro AV Solutions

7.1.2      Sound Reinforcement

8              Market Dynamics

8.1          Market  Opportunities & Trends

8.1.1      Growing Convergence of Pro AV and IoT

8.1.2      Emergence of Networked Audio Technology

8.1.3      Strategic Partnerships with Artists

8.1.4      Growing Adoption in Educational Institutions

8.2          Market Growth Restraints

8.2.1      Acoustical Challenges Related to Pro Speakers

8.2.2      Technical Difficulties Hampering Adoption of Wireless Microphones

8.2.3      Volatility in Raw Material Prices Affecting Vendor Margins

8.3          Market Growth Enabler

8.3.1      Increased Demand from Corporate, Government, and Institutions

8.3.2      Growing Live Performance and Music Industry

8.3.3      Increasing Number of Sporting Events and Tournaments

8.3.4      Growing Music Production and Recording Industry

 

9              Value Chain Analysis

9.1          Overview

9.2          Value Chain Analysis

9.2.1      Technology Suppliers

9.2.2      OEMs

9.2.3      AV Consultants or Integrators

9.2.4      System Dealers and Distributors

9.2.5      System End-users

 

10           Market Landscape

10.1        Historic Data 2015−2017

10.2        Market Size & Forecast

10.3        Five Forces Analysis

10.3.1    Threat of New Entrants

10.3.2    Bargaining Power of Suppliers

10.3.3    Bargaining Power of Buyers

10.3.4    Threat of Substitutes

10.3.5    Competitive Rivalry

 

11           By Product

11.1        Market Snapshot & Growth Engine

11.2        Market Overview

 

12           Pro Microphone Market

12.1        Market Snapshot & Growth Engine

12.2        Market Size & Forecast

12.3        Market by product type – Wired & Wireless

12.4        Wireless Microphone Market by Sub-product

12.4.1    Handheld Microphones – Market Size & Forecast

12.4.2    Clip-on Microphones – Market Size & Forecast

12.4.3    Other Microphones – Market Size & Forecast

 

13           Pro Speaker Market

13.1        Market Snapshot & Growth Engine

13.2        Market Size & Forecast

13.3        Market by product type

13.3.1    Point Source Speaker Systems – Market Size & Forecast

13.3.2    Line Array Speaker Systems – Market Size & Forecast

13.3.3    Subwoofers – Market Size & Forecast

13.3.4    Other Pro Speaker Systems – Market Size & Forecast

13.4        Market by Amplification method

13.4.1    Market Size & Forecast – Passive Systems and Powered Systems

 

14           Audio/Sound Mixer Market

14.1        Market Snapshot & Growth Engine

14.2        Market Size & Forecast

14.3        MARKET by Product Type

14.3.1    Market Size & Forecast – Powered & Passive

 

15           Audio Signal Processor Market

15.1        Market Snapshot & Growth Engine

15.2        Market Size & Forecast

15.3        MARKET by Product Type

15.3.1    Market Size & Forecast – Digital & Analog

 

16           Audio Power Amplifier Market

16.1        Market Snapshot & Growth Engine

16.2        Market Size & Forecast

16.3        Market by Product Type

16.3.1    Market Size & Forecast – Digital & Analog

 

17           Other Sound Reinforcement Solutions

17.1        Market Snapshot & Growth Engine

17.2        Market Size & Forecast

17.3        Market by Product Type

17.3.1    Market Size & Forecast – Cables, Audio Networking Solutions, & Others

 

18           By End-Users

18.1        Market Snapshot & Growth Engine

18.2        Market Overviews

18.3        Corporates

18.3.1    Market Size & Forecast

18.4        Large Venues & Events

18.4.1    Market Size & Forecast

18.5        Educational Institutions

18.5.1    Market Size & Forecast

18.6        Government & Military

18.6.1    Market Size & Forecast

18.7        Studio & Broadcasting

18.7.1    Market Size & Forecast

18.8        Hospitality

18.8.1    Market Size & Forecast

18.9        Other Sectors

18.9.1    Market Size & Forecast

 

19           By Format

19.1        Market Snapshot & Growth Engine

19.2        Market Overview

19.3        Market Size & Forecast

19.3.1    Digital & Analog Systems (Revenue & Unit Shipment)

 

20           By Distribution Channels

20.1        Market Overview

20.2        Manufacturing, Production, & Distribution

20.3        Distribution through retail stores

20.4        Distribution through Online Websites

 

21           Key Countries

21.1        Market Snapshot & Growth Engine

21.2        Germany

21.2.1    Market Size & Forecast

21.2.2    Market by Product Type – Revenue & Unit Shipment

21.2.3    Market by End-user Type – Revenue & Unit Shipment

21.2.4    Market by Format Type – Revenue & Unit Shipment

21.3        UK

21.3.1    Market Size & Forecast

21.3.2    Market by Product Type – Revenue & Unit Shipment

21.3.3    Market by End-user Type – Revenue & Unit Shipment

21.3.4    Market by Format Type – Revenue & Unit Shipment

21.4        France

21.4.1    Market Size & Forecast

21.4.2    Market by Product Type – Revenue & Unit Shipment

21.4.3    Market by End-user Type – Revenue & Unit Shipment

21.4.4    Market by Format Type – Revenue & Unit Shipment

21.5        Italy

21.5.1    Market Size & Forecast

21.5.2    Market by Product Type – Revenue & Unit Shipment

21.5.3    Market by End-user Type – Revenue & Unit Shipment

21.5.4    Market by Format Type – Revenue & Unit Shipment

21.6        Spain

21.6.1    Market Size & Forecast

21.6.2    Market by Product Type – Revenue & Unit Shipment

21.6.3    Market by End-user Type – Revenue & Unit Shipment

21.6.4    Market by Format Type – Revenue & Unit Shipment

21.7        Switzerland

21.7.1    Market Size & Forecast

21.7.2    Market by Product Type – Revenue & Unit Shipment

21.7.3    Market by End-user Type – Revenue & Unit Shipment

21.7.4    Market by Format Type – Revenue & Unit Shipment

21.8        Russia

21.8.1    Market Size & Forecast

21.8.2    Market by Product Type – Revenue & Unit Shipment

21.8.3    Market by End-user Type – Revenue & Unit Shipment

21.8.4    Market by Format Type – Revenue & Unit Shipment

21.9        Benelux

21.9.1    Market Size & Forecast

21.9.2    Market by Product Type – Revenue & Unit Shipment

21.9.3    Market by End-user Type – Revenue & Unit Shipment

21.9.4    Market by Format Type – Revenue & Unit Shipment

21.10     Scandinavia

21.10.1  Market Size & Forecast

21.10.2  Market by Product Type – Revenue & Unit Shipment

21.10.3  Market by End-user Type – Revenue & Unit Shipment

21.10.4  Market by Format Type – Revenue & Unit Shipment

 

22           Competitive Landscape

22.1        Competition Overview

 

23           Key Company Profiles

23.1        Audio-Technica

23.1.1    Business Overview

23.1.2    Audio-Technica in Sound Reinforcement Market

23.1.3    Major Product Offerings

23.1.4    Key Strategies

23.1.5    Key Strengths

23.1.6    Key Opportunities

23.2        Bose

23.2.1    Business Overview

23.2.2    Bose in Sound Reinforcement Market

23.2.3    Major Product Offerings

23.2.4    Key Strategies

23.2.5    Key Strengths

23.2.6    Key Opportunities

23.3        HARMAN International (SAMSUNG)

23.3.1    Business Overview

23.3.2    HARMAN International (Samsung) in Sound Reinforcement Market

23.3.3    Major Product Offerings

23.3.4    Key Strategies

23.3.5    Key Strengths

23.3.6    Key Opportunities

23.4        MUSIC Group (MUSIC Tribe)

23.4.1    Business Overview

23.4.2    MUSIC Group (MUSIC Tribe) in Sound Reinforcement Market

23.4.3    Major Product Offerings

23.4.4    Key Strategies

23.4.5    Key Strengths

23.4.6    Key Opportunities

23.5        Sennheiser Electronic

23.5.1    Business Overview

23.5.2    Sennheiser electronic in Sound Reinforcement Market

23.5.3    Major Product Offerings

23.5.4    Key Strategies

23.5.5    Key Strengths

23.5.6    Key Opportunities

23.6        Shure

23.6.1    Business Overview

23.6.2    Shure in Sound Reinforcement Market

23.6.3    Major Product Offerings

23.6.4    Key Strategies

23.6.5    Key Strengths

23.6.6    Key Opportunities

23.7        Sony

23.7.1    Business Overview

23.7.2    Sony in Sound Reinforcement Market

23.7.3    Major Product Offerings

23.7.4    Key Strategies

23.7.5    Key Strengths

23.7.6    Key Opportunities

23.8        Yamaha

23.8.1    Business Overview

23.8.2    Yamaha in Sound Reinforcement Market

23.8.3    Major Product Offerings

23.8.4    Key Strategies

23.8.5    Key Strengths

23.8.6    Key Opportunities

 

24           Other Prominent Vendors

24.1        ADK Microphone

24.1.1    Company Overview

24.1.2    Strength

24.1.3    Strategy

24.2        AEB Industriale (DB Technologies)

24.2.1    Company Overview

24.2.2    Strength

24.2.3    Strategy

24.3        Alcons Audio

24.3.1    Company Overview

24.3.2    Strength

24.3.3    Strategy

24.4        Amadeus

24.4.1    Company Overview

24.4.2    Strength

24.4.3    Strategy

24.5        ANSR Audio

24.5.1    Company Overview

24.5.2    Strength

24.5.3    Strategy

24.6        Apex Audio

24.6.1    Company Overview

24.6.2    Strength

24.6.3    Strategy

24.7        Audioprof Group International

24.7.1    Company Overview

24.7.2    Strength

24.7.3    Strategy

24.8        Audio Engineering Associates (AEA)

24.8.1    Company Overview

24.8.2    Strength

24.8.3    Strategy

24.9        Audix Microphones

24.9.1    Company Overview

24.9.2    Strength

24.9.3    Strategy

24.10        Beijing 797 Audio

24.10.1  Company Overview

24.10.2  Strength

24.10.3  Strategy

24.11     Belden

24.11.1  Company Overview

24.11.2  Strength

24.11.3  Strategy

24.12  Beyerdynamic

24.12.1  Company Overview

24.12.2  Strength

24.12.3  Strategy

24.13     Blue Microphones

24.13.1  Company Overview

24.13.2  Strength

24.13.3  Strategy

24.14     Bowers & Wilkins

24.14.1  Company Overview

24.14.2  Strength

24.14.3  Strategy

24.15     Boya

24.15.1  Company Overview

24.15.2  Strength

24.15.3  Strategy

24.16     CAD Audio

24.16.1  Company Overview

24.16.2  Strength

24.16.3  Strategy

24.17     Carlson Audio Systems

24.17.1  Company Overview

24.17.2  Strength

24.17.3  Strategy

24.18     Celto Acoustique

24.18.1  Company Overview

24.18.2  Strength

24.18.3  Strategy

24.19     CODA Audio

24.19.1  Company Overview

24.19.2  Strength

24.19.3  Strategy

24.20    CORDIAL

24.20.1  Company Overview

24.20.2  Strength

24.20.3  Strategy

24.21     D.A.S. Audio

24.21.1  Company Overview

24.21.2  Strength

24.21.3  Strategy

24.22     Dynaudio

24.22.1  Company Overview

24.22.2  Strength

24.22.3  Strategy

24.23     D&B Audiotechnik/System

24.23.1  Company Overview

24.23.2  Strength

24.23.3  Strategy

24.24     Electro‑Voice

24.24.1  Company Overview

24.24.2  Strength

24.24.3  Strategy

24.25     Extron Electronics

24.25.1  Company Overview

24.25.2  Strength

24.25.3  Strategy

24.26     GTD Audio

24.26.1  Company Overview

24.26.2  Strength

24.26.3  Strategy

24.27     HEDD | Heinz Electrodynamic Designs

24.27.1  Company Overview

24.27.2  Strength

24.27.3  Strategy

24.28     Heil Sound

24.28.1  Company Overview

24.28.2  Strength

24.28.3  Strategy

24.29     Hz Sound Systems

24.29.1  Company Overview

24.29.2  Strength

24.29.3  Strategy

24.30        Inmusic Brands

24.30.1  Company Overview

24.30.2  Strength

24.30.3  Strategy

24.31     Klipsch Audio Technologies

24.31.1  Company Overview

24.31.2  Strength

24.31.3  Strategy

24.32     K-Array

24.32.1  Company Overview

24.32.2  Strength

24.32.3  Strategy

24.33     Lectrosonics

24.33.1  Company Overview

24.33.2  Strength

24.33.3  Strategy

24.34     Legrand

24.34.1  Company Overview

24.34.2  Strength

24.34.3  Strategy

24.35     Lewitt

24.35.1  Company Overview

24.35.2  Strength

24.35.3  Strategy

24.36     Liberty AV

24.36.1  Company Overview

24.36.2  Strength

24.36.3  Strategy

24.37     Loud Audio

24.37.1  Company Overview

24.37.2  Strength

24.37.3  Strategy

24.38     MIPRO Electronics

24.38.1  Business Overview

24.38.2  Strength

24.38.3  Strategy

24.39     MXL BY Marshall Electronics

24.39.1  Company Overview

24.39.2  Strength

24.39.3  Strategy

24.40     Nady Systems

24.40.1  Company Overview

24.40.2  Strength

24.40.3  Strategy

24.41     Outline

24.41.1  Company Overview

24.41.2  Strength

24.41.3  Strategy

24.42     Pan Acoustics

24.42.1  Company Overview

24.42.2  Strength

24.42.3  Strategy

24.43     Powersoft Audio

24.43.1  Company Overview

24.43.2  Strength

24.43.3  Strategy

24.44     PROEL

24.44.1  Company Overview

24.44.2  Strength

24.44.3  Strategy

24.45     PYLE-PRO

24.45.1  Company Overview

24.45.2  Strength

24.45.3  Strategy

24.46     Samson Technologies

24.46.1  Company Overview

24.46.2  Strength

24.46.3  Strategy

24.47     SE Electronics International

24.47.1  Company Overview

24.47.2  Strength

24.47.3  Strategy

24.48     Southwire Company

24.48.1  Company Overview

24.48.2  Strength

24.48.3  Strategy

24.49     Stewart Audio

24.49.1  Company Overview

24.49.2  Strength

24.49.3  Strategy

24.50     Vivolink

24.50.1  Company Overview

24.50.2  Strength

24.50.3  Strategy

24.51     Zaxcom

24.51.1  Company Overview

24.51.2  Strength

24.51.3  Strategy

 

25           Report Summary

25.1        Key Takeaways

25.2        Strategic Recommendations

25.3        Quantitative Summary

25.3.1    Market by Product Type

25.3.2    Market by End-users

25.3.3    Market by Format

25.3.4    Market by Country

25.3.5    Germany

25.3.6    UK

25.3.7    France

25.3.8    Italy

25.3.9    Spain

25.3.10  Switzerland

25.3.11  Russia

25.3.12  Benelux

25.3.13  Scandinavia

 

26           Appendix

26.1        Abbreviations

               

 

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Frequently Asked Questions

What is the sound reinforcement in Europe market size and growth forecast?

Sound reinforcement market in europe is likely to reach around USD 2.24 billion by 2024 will grow at a CAGR of approximately 3% during the forecast period

What are the factors impacting the growth of the sound reinforcement in Europe market?

The retail segment contributed to the highest market revenue. Several traditional pro AV equipment vendors have modified their product line to increase the visibility of multiple sound reinforcement systems in retail stores.

Who are the key players in the sound reinforcement in Europe market?

The leading players are Audio-Technica, Bose, HARMAN International, MUSIC Group (Music Tribe), Sennheiser Electronic, Shure, Sony, Yamaha

What are the factors boosting the growth in the Germany and UK region?

Germany is the home for some of the largest pro AV system manufacturers and the UK is known as the leading destination for music festivals, these factors have played a significant role in the market upliftment in the region.