World Marine Audio Market
Dublin, Oct. 12, 2023 (GLOBE NEWSWIRE) — The “Marine Audio World Market Report 2023” report has been added to ResearchAndMarkets.com’s providing.
The worldwide marine audio market is poised for regular progress, with projections indicating a rise from $1.81 billion in 2022 to $1.84 billion in 2023, reflecting a compound annual progress fee (CAGR) of 1.7%. This progress pattern is ready 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 Methods, 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
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World Attain: Achieve complete insights with a report overlaying 50+ geographies.
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COVID-19 Influence Evaluation: Perceive how the market has been affected by the coronavirus and its responses because the pandemic’s impression diminishes.
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Geopolitical Influences: Assess the repercussions of the Russia-Ukraine battle on agriculture, power, and mineral commodity provide and its direct and oblique results available on the market.
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Inflation Evaluation: Measure the impression of elevated international inflation on market progress.
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Regional and Nation Methods: Develop localized methods with region-specific knowledge and evaluation.
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Progress Section Identification: Establish high-potential progress segments for strategic investments.
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Aggressive Edge: Leverage forecast knowledge and market drivers and traits to outperform opponents.
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Buyer Insights: Perceive buyer preferences and market dynamics primarily based on the most recent market shares.
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Efficiency Benchmarking: Benchmark your efficiency towards key opponents.
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Presentation-Prepared Information: Entry dependable knowledge and evaluation for inner and exterior displays.
Marine audio expertise permits boat and yacht house owners to get pleasure from music, podcasts, or different media whereas on the water. These audio programs are designed to be waterproof and shock-resistant to resist the difficult marine atmosphere, sometimes put in in boat cabins or cockpits.
Marine audio merchandise embody audio system, subwoofers, stereo receivers, and amplifiers. Audio system are units that convert electrical alerts into sound waves utilizing electroacoustic transducers. These merchandise cater to numerous 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 means of OEMs and aftermarket channels.
Product innovation is a outstanding pattern within the marine audio market, with main corporations incorporating new applied sciences to take care of their market positions. For instance, Harman Worldwide lately launched the primary marine A2B digital sign audio processor, using Automotive Audio Bus (A2B) expertise to boost on-water listening experiences, simplify installations, and cut back general possession prices.
In November 2021, Patrick Industries Inc. acquired Moist Sounds Inc., additional strengthening Patrick’s place as a supplier of value-added part options to the marine sector. Moist Sounds focuses on marine audio merchandise.
Europe led the marine audio market in 2022, with Asia-Pacific anticipated to show the best progress fee within the forecast interval. The report encompasses areas akin to Asia-Pacific, Western Europe, Japanese Europe, North America, South America, the Center East, and Africa. Moreover, it covers international locations 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 business is anticipated to drive the expansion of the marine audio market. The leisure boating business entails the manufacturing, distribution, and use of boats and associated tools for leisure and pleasure. Marine audio programs present boaters with leisure and dependable sound high quality within the distinctive marine atmosphere. As an illustration, in keeping with the Nationwide Marine Producers Affiliation, the annual financial impression of leisure boating elevated by 36% to $230 billion in 2023 from $170 billion in 2018, with a 14% progress 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 consists of 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 immediately to finish clients. This worth includes associated companies supplied by the creators of those items.
Key Attributes:
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Report Attribute |
Particulars |
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No. of Pages |
175 |
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Forecast Interval |
2023 – 2027 |
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Estimated Market Worth (USD) in 2023 |
$1.84 billion |
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Forecasted Market Worth (USD) by 2027 |
$1.95 billion |
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Compound Annual Progress Fee |
1.5% |
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Areas Coated |
World |
Key Subjects Coated:
1. Government Abstract
2. Marine Audio Market Traits
3. Marine Audio Market Developments And Methods
4. Marine Audio Market – Macro Financial Situation
4.1. Influence Of Excessive Inflation On On-line Remedy Providers Market
4.2. Ukraine-Russia Struggle Influence On On-line Remedy Providers Market
4.3. COVID-19 Influence On On-line Remedy Providers Market
5.1. World Marine Audio Historic Market Measurement and Progress, 2017 – 2022, Worth ($ Billion)
5.2. World Marine Audio Forecast Market Measurement and Progress, 2022 – 2027, 2032F, Worth ($ Billion)
5.3. World 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. World Marine Audio Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Speaker
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Subwoofer
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Stereo Receiver
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Amplifier
6.2. World Marine Audio Market, Segmentation By Boat Sort, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Inboard
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Outboard
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Sterndrive
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Different Boats
6.3. World Marine Audio Market, Segmentation By Expertise, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.4. World Marine Audio Market, Segmentation By Gross sales, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7. Marine Audio Market Regional And Nation Evaluation
7.1. World Marine Audio Market, Break up By Area, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. World 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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