Lucintel Forecasts Marine Audio Market to Reach $2.5 Billion by 2027

According to the recent study the marine audio market is projected to reach an estimated $2.5 billion by 2027 from $1.7 billion in 2021, at a CAGR of 6.8% from 2021 to 2027. Growth in this market is primarily driven by the growth in recreational boats production and increasing customer demand for better quality sound systems.

Browse 118 figures / charts and 65 tables in this 151 -page report to understand trends, opportunities and forecast in marine audio market by component type (speaker, subwoofer, stereo receiver, and amplifier), boat type (inboard, outboard, sterndrive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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https://www.lucintel.com/marine-audio-market.aspx

“Speakers market is expected to remain the largest segment during the forecast period.”

Based on component, the marine audio market is segmented into speaker, subwoofer, stereo receiver, and amplifier. Lucintel forecasts that the speakers market is expected to remain the largest segment due to increasing customer demand for better quality multimedia entertainment products.

“Europe will dominate the marine audio market in near future.”

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.

Download Brochure of this report by clicking on https://www.lucintel.com/marine-audio-market.aspx.

Major players of marine audio market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. SONY, Harman, Clarion, JVC, Pioneer, Fusion, Rockford, JL Audio, Wet Sounds, and MTX Audio are among the major marine audio providers.

This unique 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 click on this link https://www.lucintel.com/marine-audio-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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