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The Europe sound reinforcement market is likely to reach around $2.24billion by 2024NEW YORK, June 24, 2019 /PRNewswire/ -- 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. 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. 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. Restaurants, hotels, nightclubs, casinos, and cruise ships are other sectors that are increasingly incorporating modern-day pro AV systems to enhance the consumer experience. 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 Europe Sound Reinforcement Market – 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. Key Countries • Germany • UK • France • Italy • Spain • Switzerland • Russia • Benelux • Scandinavia Key Vendor Analysis The Europe sound reinforcement market is highly fragmented with the presence of a large number of local and global players. Market vendors are competing in terms of quality, product features, and competitive pricing. The competition is expected to intensify further during the forecast period with an increase in product innovations. Also, an increase in product/service extensions, technological innovations, and M&A are expected to drive the Europe sound reinforcement market. Prominent Vendors • Audio-Technica o Business Overview o Product Offerings o Key Strengths o Key Strategies o Key Opportunities • Bose • HARMAN International • MUSIC Group (Music Tribe) • Sennheiser Electronic • Shure • Sony • Yamaha Other Prominent Vendors • ADK Microphones o 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 Key Market Insights • Offers market sizing and growth prospects of the Europe sound reinforcement market for the forecast period 2019–2024 • Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the Europe sound reinforcement market • Includes a detailed analysis of market growth drivers, challenges, and investment opportunities • Delivers a complete overview of market segments and the regional outlook of the Europe sound reinforcement market • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the Europe sound reinforcement market Read the full report: https://www.reportlinker.com/p05779099/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-europe-sound-reinforcement-market-is-likely-to-reach-around-2-24billion-by-2024--300873575.html SOURCE Reportlinker |