According to the recent research report titled ‘Global Portable Bluetooth Speakers Market Size study, by Application (Residential, Commercial) by Distribution Channel (Online, Offline) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global portable Bluetooth speakers market size is projected to increase considerably over 2021-2027.
 

As per the report findings, global portable Bluetooth speakers market growth can be ascribed to rising demand for online streaming apps and services, increased requirement for technology, and new innovations by industry players.
 

Request Sample Copy of This Report: https://www.marketstudyreport.com/request-a-sample/4219712/
 

Citing an instance, Harman International Industries Inc. launched the JBL GO 2 Bluetooth speakers in May 2018, which are equipped with waterproofing technology. Similarly, Mivi, Digitek Portable Trolley Bluetooth Speakers were released by IMS Mercantiles Pvt. Ltd. in November 2018 in three water-resistant models: Moonstone, Octave, and Raom.
 

Rapid urbanization and rising disposable income are also expected to add to the overall market development over the next six years.
 

On the contrary, rising availability of alternatives like cords and headphones, as well as increasing rivalry from present and new companies in the vertical is anticipated to hinder the overall industry progression over the study period.
 

With respect to application spectrum, worldwide portable Bluetooth speakers market is classified into commercial and residential. As per distribution channel, the industry segmentation is comprised of offline and online.
 

The regional analysis of the industry includes regions Latin America (Mexico, Brazil), Europe (Italy, Spain, France, Germany, the United Kingdom), North America (Canada, the United States), and Asia Pacific (Australia, Japan, India, China).
 

Of these, North America accounts for largest market share owing to surge in the demand for portable Bluetooth speakers. Meanwhile, Asia Pacific market is projected to exhibit robust CAGR over 2021-2027, creditable to increasing technological advancements in the region.
 

Prominent firms playing an important role in shaping worldwide portable Bluetooth speakers market dynamics are 4Com Technologies Ltd., Ultimate Ears, Samsung Group, Sony Corporation, Beats Electronics LLC, Plantronics Inc., VOXX Electronics Corporation, Bose Corporation, Apple Inc., and Harman International Industries Inc.
 

The document delivers a conclusive overview of the competitive landscape of the vertical, offering basic company information, financials, and recent developments of the cited organizations. It helps businesses formulate effective growth strategies and boost income flow by gauging the level of competition and exploring untapped markets in the process.