PUBLISHER: Lucintel | PRODUCT CODE: 1266723
PUBLISHER: Lucintel | PRODUCT CODE: 1266723
The future of the global marine audio market looks promising with opportunities in the inboard, outboard, and sterndrive market. The global marine audio market is expected to reach an estimated $ 2.7 billion by 2028 with a CAGR of 3.7% 2022 to 2028. The major drivers for this market are the growth in recreational boats production and increasing customer demand for better quality sound systems.
Emerging trends, which have a direct impact on the dynamics of the industry, includes 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.
Lucintel forecasts that speakers will remain the largest segment and subwoofer will experience the highest growth over the forecast period. The study includes trends and forecast for the global marine audio market by component, boat type, and region, as follows:
Marine Audio Market by Component [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Marine Audio Market by Boat Type (Value $ Million Shipment Analysis in 2022)
Marine Audio Market by Region [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies marine audio companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the marine audio companies profiled in this report includes.
Q1. What is the marine audio market size?
Answer: The global marine audio market is expected to reach an estimated $2.7 billion by 2028.
Q2. What is the growth forecast for marine audio market?
Answer: The marine audio market is expected to grow at a CAGR of 3.7% from 2027 to 2028.
Q3. What are the major drivers influencing the growth of the marine audio market?
Answer: The major drivers for this market are the growth in recreational boats production and increasing customer demand for better quality sound systems.
Q4. What are the major service types or end use industries for marine audio?
Answer: Marine audio system for inboard is the major segment by boat type for marine audio.
Q5. What are the emerging trends in marine audio market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of multi-zone marine stereo receivers and the introduction of Wi-Fi stereos.
Q6. Who are the key marine audio companies?
Answer: Some of the key marine audio companies are as follows:
Q7. Which marine audio customer type segment will be the largest in future?
Answer: Lucintel forecasts that speakers will remain the largest segment and subwoofer will experience the highest growth over the forecast period by component type due to increasing customer demand for better quality multimedia entertainment products.
Q8: In marine audio market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region due to higher production of recreational boat whereas Asia Pacific is expected to witness highest growth over the forecast period due to increasing boat production and growth in tourism & water sports activities.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.