Overview and Scope
Marine audio is a technology that enables boaters and yacht owners to listen to music, podcasts, or other media on their boats. These are often waterproof and shock-resistant to withstand the extreme circumstances of being near the ocean, usually mounted in the cabin or cockpit, and are used to play music aboard boats.
Sizing and Forecast
The marine audio market size has grown marginally in recent years. It will grow from $1.84 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 1.5%. The growth in the historic period can be attributed to increased demand for recreational boating, regulatory standards, economic growth, shift towards wireless connectivity, consumer preferences.
The marine audio market size is expected to see marginal growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 1.8%. The growth in the forecast period can be attributed to environmental concerns, growth in electric boats, customization and personalization, focus on user experience, augmented reality (ar) integration. Major trends in the forecast period include waterproof technology development, sustainability and eco-friendly products, increased focus on durability, health monitoring features, enhanced connectivity options.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/marine-audio-global-market-report
Segmentation & Regional Insights
The marine audio market covered in this report is segmented –
1) By Product: Speaker, Subwoofer, Stereo Receiver, Amplifier
2) By Boat Type: Inboard, Outboard, Sterndrive, Other Boats
3) By Technology: Wired, Wireless
4) By Sales: Original Equipment Manufacturer (OEM), Aftermarket
Europe was the largest region in the marine audio market in 2023. Asia-Pacific is expected to be the fastest-growing region in the marine audio market report during the forecast period. The regions covered in the marine audio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12245&type=smp
Major Driver Impacting Market Growth
The growing recreational boating industry is expected to propel the growth of the marine audio market going forward. The recreational boating industry refers to the area of the economy that deals with producing, distributing, and using boats and related equipment for pleasure and enjoyment. The marine audio system gives boaters amusement and dependable sound quality in the unique and sometimes tricky marine environment. For instance, in May 2023, according to a report published by the National Marine Manufacturers Association, a US-based trade association for the recreational boating industry, the yearly economic effect of recreational boating climbed by 36% to $230 billion in 2023, with more than 812,000 jobs supported in 2023. Therefore, the growing recreational boating industry is driving the growth of the marine audio market.
Key Industry Players
Major companies operating in the marine audio market report are Harman International, Garmin, Sony Corporation, JBL, Crestron, Pioneer Corporation, West Marine, JL Audio, JVC Corporation, Kenwood Corporation, KICKER, Boss Audio Systems, Steinway Lyngdorf, Merdian, MTX Audio, The Faurecia Clarion Electronics Co. Ltd., Stinger, Rockford Corporation, Paradigm, Memphis Car Audio, James Loudspeaker, MB Quart, Poly-Planar LLC, Maxxsonics USA, Sonance, Stillwater Designs and Audio Inc., Wet Sounds.
The marine audio market report table of contents includes:
1. Executive Summary
2. Marine Audio Market Characteristics
3. Marine Audio Market Trends And Strategies
4. Marine Audio Market – Macro Economic Scenario
5. Global Marine Audio Market Size and Growth
…
32. Global Marine Audio Market Competitive Benchmarking
33. Global Marine Audio Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Marine Audio Market
35. Marine Audio Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
