Dublin, Oct. 12, 2023 (GLOBE NEWSWIRE) — The “Marine Audio International Market Report 2023” report has been added to ResearchAndMarkets.com’s providing.
The worldwide marine audio market is poised for regular development, with projections indicating a rise from $1.81 billion in 2022 to $1.84 billion in 2023, reflecting a compound annual development fee (CAGR) of 1.7%. This development development is about to proceed, with the marine audio market forecasted to achieve $1.95 billion by 2027, sustaining a CAGR of 1.5%.
Key gamers within the marine audio market embody Harman Worldwide, Garmin, Sony Company, JBL, Crestron, Pioneer Company, West Marine, JL Audio, JVC Company, Kenwood Company, KICKER, Boss Audio Techniques, Steinway Lyngdorf, Meridian, MTX Audio, The Faurecia Clarion Electronics Co. Ltd., Stinger, Rockford Company, Paradigm, Memphis Automotive Audio, James Loudspeaker, MB Quart, Poly-Planar LLC, Maxxsonics USA, Sonance, Stillwater Designs and Audio Inc., and Moist Sounds.
Key Highlights of the Market Report
- International Attain: Achieve complete insights with a report masking 50+ geographies.
- COVID-19 Influence Evaluation: Perceive how the market has been affected by the coronavirus and its responses because the pandemic’s affect diminishes.
- Geopolitical Influences: Assess the repercussions of the Russia-Ukraine battle on agriculture, vitality, and mineral commodity provide and its direct and oblique results available on the market.
- Inflation Evaluation: Measure the affect of elevated world inflation on market development.
- Regional and Nation Methods: Develop localized methods with region-specific knowledge and evaluation.
- Development Section Identification: Determine high-potential development segments for strategic investments.
- Aggressive Edge: Leverage forecast knowledge and market drivers and developments to outperform opponents.
- Buyer Insights: Perceive buyer preferences and market dynamics primarily based on the most recent market shares.
- Efficiency Benchmarking: Benchmark your efficiency in opposition to key opponents.
- Presentation-Prepared Knowledge: Entry dependable knowledge and evaluation for inner and exterior shows.
Marine audio know-how permits boat and yacht house owners to take pleasure in music, podcasts, or different media whereas on the water. These audio methods are designed to be waterproof and shock-resistant to face up to the difficult marine surroundings, usually put in in boat cabins or cockpits.
Marine audio merchandise embody audio system, subwoofers, stereo receivers, and amplifiers. Audio system are gadgets that convert electrical alerts into sound waves utilizing electroacoustic transducers. These merchandise cater to varied sorts of boats, together with inboard, outboard, sterndrive, and others. They make the most of totally different applied sciences, together with wired and wi-fi, and can be found by way of OEMs and aftermarket channels.
Product innovation is a distinguished development within the marine audio market, with main corporations incorporating new applied sciences to keep up their market positions. For instance, Harman Worldwide not too long ago launched the primary marine A2B digital sign audio processor, using Automotive Audio Bus (A2B) know-how to boost on-water listening experiences, simplify installations, and scale back total possession prices.
In November 2021, Patrick Industries Inc. acquired Moist Sounds Inc., additional strengthening Patrick’s place as a supplier of value-added element options to the marine sector. Moist Sounds makes a speciality of marine audio merchandise.
Europe led the marine audio market in 2022, with Asia-Pacific anticipated to reveal the best development fee within the forecast interval. The report encompasses areas comparable to Asia-Pacific, Western Europe, Jap Europe, North America, South America, the Center East, and Africa. Moreover, it covers nations together with Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, the USA, Canada, Italy, and Spain.
The increasing leisure boating trade is anticipated to drive the expansion of the marine audio market. The leisure boating trade includes the manufacturing, distribution, and use of boats and associated gear for leisure and delight. Marine audio methods present boaters with leisure and dependable sound high quality within the distinctive marine surroundings. As an illustration, in keeping with the Nationwide Marine Producers Affiliation, the annual financial affect of leisure boating elevated by 36% to $230 billion in 2023 from $170 billion in 2018, with a 14% development in jobs supported, from 691,000 in 2018 to over 812,000 in 2023.
The marine audio market encompasses revenues generated by entities providing high-quality sound, splash-proof, corrosion-resistant, UV-resistant, and multi-zone audio options for marine environments. The market additionally contains the sale of marine audio system, marine amplifiers, and marine receivers. Values on this market are ‘manufacturing facility gate’ values, representing the worth of products bought by producers or creators to different entities (together with downstream producers, wholesalers, distributors, and retailers) or instantly to finish prospects. This worth contains associated providers offered by the creators of those items.
Key Attributes:
| Report Attribute | Particulars |
| No. of Pages | 175 |
| Forecast Interval | 2023 – 2027 |
| Estimated Market Worth (USD) in 2023 | $1.84 billion |
| Forecasted Market Worth (USD) by 2027 | $1.95 billion |
| Compound Annual Development Price | 1.5% |
| Areas Lined | International |
Key Subjects Lined:
1. Government Abstract
2. Marine Audio Market Traits
3. Marine Audio Market Developments And Methods
4. Marine Audio Market – Macro Financial State of affairs
4.1. Influence Of Excessive Inflation On On-line Remedy Providers Market
4.2. Ukraine-Russia Struggle Influence On On-line Remedy Providers Market
4.3. COVID-19 Influence On On-line Remedy Providers Market
5.1. International Marine Audio Historic Market Measurement and Development, 2017 – 2022, Worth ($ Billion)
5.2. International Marine Audio Forecast Market Measurement and Development, 2022 – 2027, 2032F, Worth ($ Billion)
5.3. International Marine Audio Market Drivers and Restraints
5.3.1. Drivers Of The Market
5.3.2. Restraints Of The Market
6. Marine Audio Market Segmentation
6.1. International Marine Audio Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Speaker
- Subwoofer
- Stereo Receiver
- Amplifier
6.2. International Marine Audio Market, Segmentation By Boat Sort, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Inboard
- Outboard
- Sterndrive
- Different Boats
6.3. International Marine Audio Market, Segmentation By Expertise, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.4. International Marine Audio Market, Segmentation By Gross sales, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Unique Tools Producer (OEM)
- Aftermarket
7. Marine Audio Market Regional And Nation Evaluation
7.1. International Marine Audio Market, Break up By Area, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. International Marine Audio Market, Break up By Nation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For extra details about this report go to https://www.researchandmarkets.com/r/ef08ll
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International Marine Audio Market
