Global White Noise Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
A white noise machine is a device that produces a noise that calms the listener, which in many cases sounds like a rushing waterfall or wind blowing through trees, and other serene or naturelike sounds. Often such devices do not produce actual white noise, which has a harsh sound, but pink noise, whose power rolls off at higher frequencies, or other colors of noise.
Market Overview:The latest research study on the global White Noise Machine market finds that the global White Noise Machine market reached a value of USD 228.62 million in 2022. It’s expected that the market will achieve USD 289.36 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.
COVID-19’s Impact On Crude Oil and Refined Products
On Monday March 9, Oil plunges 24% for worst day since 1991, hits multi-year low after OPEC deal failure sparks price war. Growing concerns over the Covid-19 outbreak and surplus production from Saudi Arabia, the United Arab Emirates and Russia have roiled global crude oil markets.
The Covid-19 pandemic has made the already subdued demand outlook grimmer. The spread has led to demand disruption in major crude oil-consuming nations. Some countries/regions with increasing Covid-19 cases such as the North America, Europe, China, Japan, South Korea, South America, and now even India and Southeast Asia, account for ~85% of the global economy. The spread of the virus would deal a severe blow to their industries and supply chains and impact oil demand from these geographies.
However, there’s a flip side. Crude oil and gas prices are falling, potentially benefiting industrial users and consumers. Not only is industry using less oil as global demand pressures are reduced by curtailed business travel and manufacturer closures in quarantined areas, but Saudi Arabia is increasing supply. Lower crude oil prices will help chemical producers outside of the US, at least on the raw material side, since there are a number of companies that produce ethylene and other basic chemicals from crude oil instead of from natural gas. However, that will likely not be enough to offset the drop in demand for more chemical end-use products as the effects of cancelled events, flights, vacations, etc., ripple their way through the global economy. Consumers will likely be happy about the lower gas prices. However, with many limiting or delaying travel plans out of real and/or perceived risk of either contracting COVID-19 or being stuck in a quarantine zone in this volatile time, they are not likely taking advantage of it in the way they ordinarily would. A return to higher levels of consumer confidence will be needed for consumers to absorb this higher level of production.
Market Opportunities and Drivers
The development of smart homes promotes intelligent control of white noise machines.
The increase in patients with insomnia.
White noise can help babies stop crying and fall asleep.
Region Overview:From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:Homedics is one of the major players operating in the White Noise Machine market, holding a share of 13.13% in 2023.
Founded in 1987, HoMedics, a FKA Brand is a leader in consumer health, wellness, home environment products, consumer electronics, and lifestyle products. Family of FKA brands includes HoMedics, the #1 brand in massage; HMDX Audio and JAM Audio, makers of the top-selling Bluetooth® speaker in America; SOL Republic, and The House of Marley, a high-performance audio brand developed in partnership with the Bob Marley family.
Conair is a leading international designer, manufacturer, and marketer of branded personal care and small kitchen appliances, cookware, hair brushes & accessories, cosmetic bags, and travel accessories. Conair brands includes CONAIR, Cuisinart, BaBylissPro, Scünci, TRAVELSMART by CONAIR, and Waring.
Segmentation Overview:Among different product types, Electromechanical segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Home Use segment occupied the biggest share from 2018 to 2022.
Key Companies in the global White Noise Machine market covered in Chapter 3:Sound Oasis
Yogasleep
Sharper Image
Conair
Douni
Homedics
SNOOZ
Adaptive Sound
Hatch Rest
Dreamegg
In Chapter 4 and Chapter 14.2, on the basis of types, the White Noise Machine market from 2018 to 2029 is primarily split into:Electronic
Electromechanical
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the White Noise Machine market from 2018 to 2029 covers:Home Use
Office Use
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)