Global Speaker Grill Fabrics Market growing at a CAGR of 5.5 % from 2023 to 2030
Category : Materials And Chemicals | Published Date : May 2023 | Type : Press Release
Key Market Overview
According to a recent report by Consegic Business Intelligence, the speaker grill fabrics market is poised for strong expansion and is expected to reach USD 109.20 million by 2030. The market, which was valued at USD 71.63 million in 2022, is predicted to grow at a compound annual growth rate of 5.5% during the period 2023-2030.
The report highlights the increasing adoption of loudspeakers and home theatres that are proliferating the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Speaker Grill Fabrics market.
Global Speaker Grill Fabrics Market By Overview
The speaker grill fabrics market is bifurcated into product type and end-use. Based on product type, the market is segmented into black speaker grill cloth fabric, blue speaker grill cloth fabric, reddish brown speaker grill cloth fabric, and others. In 2022, the black speaker grill cloth fabric segment dominate in the overall speaker grill fabrics market. The end-use segment is categorized into commercial spaces (call centers, conference rooms, event venues & recreation, offices, recording studios, and others), residential spaces (home theatre and others), industrial, and others. In 2022, the commercial segment accounted for the highest market share in the speaker grill fabrics market.
Get Free SampleMarket Dynamics
Driver:
- Growing demand for speakers in commercial spaces such as call centres, offices, and conference rooms is driving the need for speaker grill fabrics to improve the aesthetics of speakers and protect the sensitive components from containments.
- The increasing trend for voice-assisted speakers is propelling the speaker grill fabrics market growth to protect the driver element, speaker internals, and other audio components from foreign particles
Restraints:
- The rising environmental concerns regarding the use of non-biodegradable fabric including polyester is likely to hamper the market growth
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Black Speaker Grill Cloth Fabric, Blue Speaker Grill Cloth Fabric, Reddish Brown Speaker Grill Cloth Fabric, and Others |
| By End-Use | Commercial Spaces (Call Centers, Conference Rooms, Event Venues & Recreation, Offices, Recording Studios, and Others), Residential Spaces (Home Theatre and Others), Industrial, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Leon Speakers, Inc., Harman International, Mojotone, and Wendell Fabrics Corporation have a strong market position in current market circumstances. Furthermore, the speaker grill fabrics market is expected to witness significant growth in the coming years due to the increased adoption of natural fibers. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in speaker grill fabrics are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Leon Speakers, Inc.
- Harman International
- Mojotone
- Wendell Fabrics Corporation
- Speakerworks
- MainlyTannoy
- Akustikstoff
- Soundlabs Group Pty Limited
- Contrado Imaging Ltd
- Simply Speakers
