Waterproof Speakers Market to Rise Beyond 8.68% CAGR to 2021

2021 Waterproof Speakers market Research Report is the new IT and Consumer Electronic report now available with RnRMarketResearch.com. The Waterproof Speakers market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

November 7, 2017 /MarketersMedia/ —

The waterproof speakers market report considers the value sales of waterproof speakers. The latest trend gaining momentum in the market is Digital marketing and social media complementing market growth. The advent of the internet and the popularity of digital marketing and social media have brought a radical change in the promotional and marketing activities of vendors in the market. The vendors in the market are launching several digital marketing campaigns and promotional activities to enrich the penetration of waterproof speakers in the global market.

Browse Waterproof Speakers Market report with 45 Exhibits, Top 11 Companies Profile, Spread across 86 pages available @ http://www.rnrmarketresearch.com/global-waterproof-speakers-market-2017-2021-market-report.html .

According to the waterproof speakers market report, one of the major drivers for this market is Increase in adoption of smart home solutions. The growing need for technologically advanced home spaces has increased the demand for residential automation systems among customers. Smart homes are incorporated with security systems, lighting systems, and entertainment systems. In addition, home automation systems also help a consumer to monitor and control all appliances with the help of a controller. Waterproof speakers are increasingly incorporated in smart homes. Multiple vendors of waterproof speakers are incorporating smart technology in their products.

The analysts forecast global waterproof speakers market to grow at a CAGR of 8.68% during the period 2017-2021. Further, the waterproof speakers market report states that one of the major factors hindering the growth of this market is Lack of product awareness in developing countries. The awareness on home décor products, home entertainment products and services, smart homes, and home furnishing products is less in the developing economies of APAC such as India and China. Low awareness translates to minimal consumer aspirations to own the product. Thus, consumers in developing economies do not, in general, invest their time to analyze product specifications or the augmented benefits of a product. A number of operational and economic factors, too, contribute toward the lack of product and technological awareness in developing countries. The market in developing economies is less concentrated; this reduces the influence of marketing and promotional campaigns in such economies, thereby reducing the degree of overall product visibility.

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Key players in the global waterproof speakers market: Bose Corporation, HARMAN International, LIXIL Group, Panasonic Corporation, and Sony Corporation. Other Prominent Vendors in the market are: Abco Tech, Adesso, Aduro Products, Kohler, Liger Electronics, and Logitech.

Waterproof speakers are electronic devices that can be operated through smartphones, tablets, or other internet-enabled devices through Wi-Fi and Bluetooth technologies. Waterproof speakers are portable and water resistant. They can be used while taking showers and outdoors (in pools) for entertainment. The global portable speakers market is considered the parent market for global waterproof speakers market. Waterproof speakers form a product category of portable speakers.

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Further, the report states that one of the major factors hindering the growth of this market is Lack of skilled labor. Backhoe loaders are versatile as these come with a number of attachments, which are useful for various applications and are quite easy to handle. However, there has been an increasing number of accidents involving backhoe loaders due to the lack of skilled and qualified workers. In addition to the absence of well-defined safety standards, the few standards that are in force are not followed meticulously while handling backhoe loaders. This results in poor productivity.

This report, Global Waterproof Speakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Release ID: 260851