123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Opportunities For The Global Marine Audio Market To Reach $2,195.4 Million By 2023

By Author: Lucintel LLC
Total Articles: 48

According to a new market report published by Lucintel, 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 recreational boats production and increasing customer demand for better quality sound systems.

In this market, speakers, subwoofers, stereo receivers, and amplifiers are the major components of the marine audio system. On the basis of its comprehensive research, Lucintel forecasts that the speakers will remain the largest segment and subwoofer will experience the highest growth over the forecast period due to 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 increasing boat production and growth in tourism & water sports activities.
Emerging trends, which have a direct impact on the dynamics of the market, include development of multi-zone marine stereo receivers and the introduction of Wi-Fi stereos. SONY, Harman, Clarion, JVC, Pioneer, Fusion, Rockford, JL Audio, Wet Sounds, and MTX Audio are the major marine audio supplier in the global marine audio market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global marine audio market by component, by boat type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Marine Audio Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global marine audio market component, boat type, and region, as follows:

By Component ($ Million and Thousand Units from 2012 to 2023):
• Speaker
• Subwoofer
• Stereo Receiver
• Amplifier

By Boat Type ($ Million in 2017):
• Inboard
• Outboard
• Sterndrive
• Others

By Region ($ Million and Thousand Units from 2012 to 2023):
• North America
o US
o Canada
o Mexico
• Europe
o Italy
o United Kingdom
o France
o Germany
• Asia Pacific
o Australia
o China
o Taiwan
o New Zealand
• The Rest of the World
o Brazil
This 151-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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 market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing services in this 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 industry?

Total Views: 210Word Count: 696See All articles From Author

Business Articles

1. 3 High-end Cheap 250cc Dirt Bikes For Sale You Can Consider Any Time
Author: ANGELIKA

2. Why Choose Printed Greaseproof Paper
Author: Todd Peovski

3. Checkout For The Best And Affordable Repairing Service For Htc One M8 In Uk
Author: HTC Repairer

4. Improve Cash Flow By Outsourcing Billing In Optometry
Author: Steve Martin

5. Guide To Choose Best Combined Bearings Manufacturer
Author: psforkliftparts

6. Fulfill The Industrial Needs By Using Best Bearing
Author: psforkliftparts

7. Dimitris Cosvogiannis | Dimitris Kosvogiannis’s Professional Awards And Recognition
Author: Dimitris Cosvogiannis

8. Get All Kind Of Repairing & Replacement Services For Htc One M8 At Reliable Price In Uk
Author: HTC Repairer

9. Buy Industrial Applications From The Manufacturers At A Cheaper Price
Author: needlerollerbearing

10. Why Needle Bearing Becomes Necessary In Industry
Author: needlerollerbearing

11. Wastewater Treatment Nz Is Something That We Need To Consider First While Talking About Protecting T
Author: Rabin Ryan

12. Employee Eligibility For Promotion And Ongoing Departmental Enquiry
Author: Lahiri Associates

13. Get Htc 10 Screen Replacement And All Type Of Related Issues At Affordable Price In Uk
Author: HTC Repairer

14. Ostomy Bag Market 2018 Outlook, Geographical Segmentation, Industry Size & Share, Comprehensive Anal
Author: jeffry Hoffman

15. Ultra-fine Ath Market 2018 Overview, Industry Top Manufactures, Industry Size & Forecast 2023
Author: jeffry Hoffman

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: