Which market segment by application will hold the majority of the market share in the Global Acoustic Booths Market?

The hospital and clinic segment is expected to hold a significant share in the global acoustic booths and enclosure market.

What is the global market size of Acoustic Booths Market?

Global Acoustic Booths Market size was valued at USD 15 Billion in 2021 and is poised to grow from USD 15.53 Billion in 2022 to USD 20.44 Billion by 2030, at a CAGR of 3.50% during the forecast period (2023-2030).

Acoustic Booths Market Size, Share, Growth Analysis, By Application(Hospitals, Clinics, Industries, Educational), By Type(0.5-5m2, 5-12m2, Type 3, and Type 4), By Region - Industry Forecast 2024-2031

Q: What is the growth rate of the Global Acoustic Booths Market?

The global acoustic booths market is growing at a CAGR of 3.5% over the forecast period (2022-2028).

Report ID: SQSG20M2001 | Region: Global | Published Date: April, 2024
Pages: 221 | Tables: 67 | Figures: 75

Acoustic Booths Market News

In February 2021, Framery launched the first fully connected acoustic booth in the market. The newly launched product, Framery One is one of the first 100% connected acoustic booth on the market in an era when video conferences are experiencing a meteoric rise in popularity. It’s an ideal for any office design that aims to evolve with current times.

Acoustic Booths Market Report Snapshots

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The hospital and clinic segment is expected to hold a significant share in the acoustic booths and enclosure market.

The acoustic booths market is growing at a CAGR of 3.5% over the forecast period (2022-2028).

Acoustic Booths Market size was valued at USD 15 Billion in 2019 and is poised to grow from USD 15.53 Billion in 2023 to USD 20.44 Billion by 2031, at a CAGR of 3.50% during the forecast period (2024-2031).

The market is consolidated in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Framery (Finland) ', 'Zenbooth (US) ', 'WhisperRoom (US) ', 'TalkBox (US)', 'iBooths (Spain)', 'Mufflebox (UK)', 'IAC Acoustics (US)', 'Studiobricks (Spain)', 'Office Pod (UK)', 'Innovent Acoustics (US)', 'Green Acoustics (US)', 'Quiet Pod (US)', 'Autex (New Zealand)', 'Acoustic Sciences Corporation (US)', 'Zempire (New Zealand)', 'Solopod (UK)', 'Audimute (US)', 'Spaceworx (India)', 'Hush City Soundproofing (US)', 'Echo Barrier (UK)'

Energy consumption is higher in nations like China and India due to their rapid economic development. The APAC region's transportation, building, and construction sectors are all expanding quickly, which raises the need for acoustic booths there. The need for comfort is rising along with the middle-class population, which eventually fuels the strong demand in the region.

The acoustic booths market is segmented on the basis of North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. Asia-pacific is expected to hold a significant share in the market. Due to the region's growing industrialization and demand for industrial automation, which is creating more opportunities for the market growth of noise control systems like acoustic enclosures and acoustic booths, Asia-Pacific is predicted to account for a sizeable portion of the market. Further, the demand for acoustic insulation in Europe is being driven by a strong industrial base in developed economies like the UK, France, Italy, Spain, and Germany as well as the growing need for soundproofing in these nations' sectors. Furthermore, due to the presence of the major producers, North America is also anticipated to occupy a sizable part of the market.

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Acoustic Booths Market Size, Share, Growth Analysis, By Application(Hospitals, Clinics, Industries, Educational), By Type(0.5-5m2, 5-12m2, Type 3, and Type 4), By Region - Industry Forecast 2024-2031

Acoustic Booths Market News

Acoustic Booths Market Report Snapshots

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FAQs

Which market segment by application will hold the majority of the market share in the Acoustic Booths Market?

What is the growth rate of the Acoustic Booths Market?

What is the market size of Acoustic Booths Market?

Who are the key vendors in the Acoustic Booths Market?

What is the key driver of Acoustic Booths Market?

What is the key market trend for Acoustic Booths Market?

Which region accounted for the largest share in Acoustic Booths Market?

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