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This report provides a comprehensive analysis of the challenges and changes faced by the loudspeaker industry in the aftermath of the pandemic. The survey highlights the shifting landscape as the pandemic era begins to lift. While new challenges emerge, such as backlogs, supply chain issues, rising costs, labour shortages, and a fragile economy, the report serves as a reflection point for the industry. It explores the sudden and uncontrollable global event that disrupted an industry heavily reliant on person-to-person interactions and congregations.
Manufacturers had to redirect their sales and delivery efforts to markets with established protocols and adapt to new communication methods to facilitate progress. Some markets faced prolonged shutdowns of over 24 months, highlighting the resilience, adaptability, and passion demonstrated by industry professionals. The report also covers six key pro audio product areas, including loudspeakers, microphones, mixing consoles, amplifiers, headphones, and audio interfaces, providing a comprehensive overview of the industry's survival, adaptation, and perseverance.
In 2023, the professional loudspeaker market demonstrated varied performance across different sectors, reflecting the dynamic nature of the global audio industry. The market experienced significant growth in some areas, while others faced challenges due to economic factors and changing end user behaviours. This report provides an overview of the key market segments, highlighting the most important trends and projections influencing the professional loudspeaker industry.
The touring and rental segment experienced robust growth in 2023, with a remarkable 25% year-over-year increase. This surge was propelled by the live entertainment industry's strong recovery. Contrasting the touring sector, the portable sound market faced a slowdown in 2023, with only a 5% year-over-year growth, a significant drop from the levels of growth observed in 2022.
| Comprehensive PDF report
| Executive summary
| Market assessment
| Digital signal processing
| Audio over Ethernet
| Vendor revenues and retail value
| Worldwide market by vertical
| Supply chain and component issues
| Worldwide market product analysis
| Worldwide market brand dynamics
| Regional analysis of Americas, Asia-Pacific and EMEA
| Touring and rental
| Immersive sound
| Esports
| Active vs passive
| Powered vs non-powered
| Portable sound
| Studio monitors vs portable PA
| Installed leisure
| Sport stadia
| Theatre and performing arts centres
| Houses of worship
| Amusement parks and theme parks
| Installed commercial
| Retail
| Corporate
| Hospitality
| Government
| Education
| Cinema sound
| The professional loudspeaker market across 15 key geographies
| The Americas: USA, Canada, Mexico, Rest of Americas
| Asia: China, India, Japan, Rest of Asia
| EMEA: France, Germany, UK, Middle East & Africa, Eastern Europe, Rest of EMEA
| Market assessment and forecasting, out to 2026
| Brand dynamics
| Future opportunities
Futuresource has a long heritage of providing global research and consulting services to a range of industry sectors, and now publishes analytical and strategic reports for professional loudspeakers, professional amplifiers, professional microphones, professional headphones, mixer consoles, DSP, AoIP, studio technology and more.
Any business with interests in the professional audio market will benefit from this report, particularly:
| Manufacturers and their suppliers
| Intermediaries and supply chain
| Retailers
| Audio market strategists, marketing and sales professionals
| Investors
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