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Marine Audio Market Report: Trends, Forecast and Competitive Analysis

  • ID: 4702413
  • Report
  • September 2020
  • Region: Global
  • 150 pages
  • Lucintel
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The Global Marine Audio Market is Expected to Reach an Estimated $2,195.4 Million by 2023

FEATURED COMPANIES

  • Clarion Co. Ltd.
  • Fusion Entertainment Ltd.
  • JL Audio
  • JVC
  • MTX Audio
  • Pioneer Corporation
  • MORE
The future of the global marine audio market looks good with opportunities in the inboard, outboard, and sterndrive market. The global marine audio market is expected to reach an estimated $2,195.4 million by 2023 and it is forecast to grow at a CAGR of 2.5% from 2018 to 2023. The major drivers for this market are the growth in re creational boats production and increasing customer demand for better quality sound systems.

Emerging trends, which have a direct impact on the dynamics of the marine audio market, include development of multi-zone marine stereo receivers and the introduction of Wi-Fi stereos.

A total of 118 figures/charts and 65 tables are provided in this 151-page report to help in your business decisions. To learn the scope of, benefits, companies researched and other details of this marine audio market report then read this report.

The study includes the marine audio market size and forecast for the global marine audio market through 2023, segmented by component, boat type, and region, as follows:

Marine Audio Market by Component ($ Million and Thousand Units from 2012 to 2023)
  • Speaker
  • Subwoofer
  • Stereo Receiver
  • Amplifier
Marine Audio Market by Boat Type ($ Million in 2017)
  • Inboard
  • Outboard
  • Sterndrive
  • Others
Marine Audio Market by Region ($ Million and Thousand Units from 2012 to 2023)

North America
  • US
  • Canada
  • Mexico
Europe
  • Italy
  • United Kingdom
  • France
  • Germany
Asia Pacific
  • Australia
  • China
  • Taiwan
  • New Zealand
The Rest of the World
  • Brazil
Some of the marine audio companies profiled in this report include SONY, Harman, Clarion, JVC, Pioneer, Fusion, Rockford, JL Audio, Wet Sounds, and MTX Audio and others.

On the basis of its comprehensive research, the analyst forecasts that the speakers will remain the largest segment and subwoofer will experience the highest growth over the forecast period due to the increasing customer demand for better quality multimedia entertainment products.

Within this market, marine audio system for inboard will remain the largest boat type and it is expected to show highest growth over the forecast period due to rising demand of cruise in the emerging markets.

Europe is expected to remain the largest region due to higher production of recreational boat. Asia Pacific is expected to witness highest growth over the forecast period due to the increasing boat production and growth in tourism & water sports activities.

Some of the features of “Marine Audio Market Report: Trends, Forecast and Competitive Analysis” include:
  • Market size estimates: Global marine audio market size estimation in terms of value ($M) and volume (Thousand Units) shipment.
  • Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
  • Segmentation analysis: Global marine audio market size by various applications such as component, and boat type in terms of value and volume shipment.
  • Regional analysis: Global marine audio market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of marine audio in the global marine audio market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of marine audio in the global marine audio market.
  • Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high growth opportunities for the marine audio market by product type (speaker, subwoofer, stereo receiver, and amplifier), by boat type (inboard, outboard, sterndrive, and others.), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market?
Q.5. What are the business risks and competitive threats in this marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market?
Q.6. What are the emerging trends in this marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market?
Q.8. What are the new developments in the marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market? Which companies are leading these developments?
Q.9. Who are the major players in this marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing services in this marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) market and how big of a threat do they pose for loss of market share by service substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the marine audio (marine audio system market, marine stereos market, boat stereos market, recreational boat sound system market, marine electronics) industry
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Clarion Co. Ltd.
  • Fusion Entertainment Ltd.
  • JL Audio
  • JVC
  • MTX Audio
  • Pioneer Corporation
  • MORE
1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Marine Audio Market Trends and Forecast
3.3: Global Marine Audio Market by Product Type
3.3.1: Speakers
3.3.2: Stereo Receivers
3.3.3: Subwoofers
3.3.4: Amplifiers
3.4: Global Marine Audio Market by Boat Type

4. Market Trends and Forecast Analysis by Region
4.1: Global Marine Audio Market by Region
4.2: North American Marine Audio Market
4.2.1: North America Marine Audio Market by Product Type
4.2.2: North America Marine Audio Market by Boat Type
4.2.3: United States Marine Audio Market
4.2.4: Canadian Marine Audio Market
4.2.5: Mexican Marine Audio Market
4.3: European Marine Audio Market
4.3.1: European Marine Audio Market by Product Type
4.3.2: European Marine Audio Market by Boat Type
4.3.3: Italian Marine Audio Market
4.3.4: United Kingdom Marine Audio Market
4.3.5: French Marine Audio Market
4.3.6: German Marine Audio Market
4.4: APAC Marine Audio Market
4.4.1: APAC Marine Audio Market by Product Type
4.4.2: APAC Marine Audio Market by Boat Type
4.4.3: Australian Marine Audio Market
4.4.4: Chinese Marine Audio Market
4.4.5: Taiwanese Marine Audio Market
4.4.6: New Zealand Marine Audio Market
4.5: ROW Marine Audio Market
4.5.1: ROW Marine Audio Market by Product Type
4.5.2: ROW Marine Audio Market by Boat Type
4.5.3: Brazilian Marine Audio Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Marine Audio Market by Product Type
6.1.2: Growth Opportunities for the Global Marine Audio Market by Region
6.2: Emerging Trends in the Global Marine Audio Market
6.2.1: New Product Development
6.2.2: Mergers, Acquisitions, and Joint Ventures in the Global Marine audio Market

7. Company Profiles of Leading Players
7.1: SONY
7.2: Harman International Industries Ltd.
7.3: Clarion Co. Ltd.
7.4: JVC
7.5: Pioneer Corporation
7.6: Fusion Entertainment Ltd.
7.7: Rockford Corporation
7.8: JL Audio
7.9: Wet Sound
7.10: MTX Audio

*Full List of Tables and Figures Available on Enquiry.


Note: Product cover images may vary from those shown
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  • SONY
  • Harman International Industries Ltd.
  • Clarion Co. Ltd.
  • JVC
  • Pioneer Corporation
  • Fusion Entertainment Ltd.
  • Rockford Corporation
  • JL Audio
  • Wet Sound
  • MTX Audio
Note: Product cover images may vary from those shown
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The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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