Market Overview:
The global ATV & UTV audio systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for recreational vehicles, especially in North America and Europe. Additionally, the increasing demand for aftermarket audio systems is also contributing to the growth of this market. The global ATV & UTV audio systems market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into speakers, amplifiers and head units. Head units are further classified into single-DIN head units and double-DIN head units. On the basis of application, it can be segregated into OEM and aftermarket segments. The OEM segment is further sub-segmented into two categories: original equipment manufacturers (OEMs) and vehicle assemblers/manufacturers (VAMs).
Product Definition:
ATV Audio Systems are the perfect way to improve your off-road experience. By installing an audio system in your all-terrain vehicle, you can add excitement and entertainment to your rides. ATV Audio Systems can also make it easier to communicate with other riders, providing a clear sound connection even when riding over rough terrain.
UTV Audio Systems are similar to ATV Audio Systems, but are designed specifically for use in Utility Terrain Vehicles. UTVs offer a wider range of capabilities than ATVs, making them perfect for tasks such as hunting, fishing or farming. Adding an audio system to a UTV can help you stay connected with friends and family while working or playing outdoors.
Speakers:
The global speakers market is expected to witness significant growth over the forecast period. The audio system has become an essential part of automobiles in recent years, and this trend is expected to continue over the next decade. With increasing sales of vehicles, there has been a rise in demand for high-quality sound systems that provide enhanced entertainment experience as well as help drivers keep safe while driving.
Amplifiers:
Amplifiers are electronic devices that increase the power of a weak signal and they are used in ATV & UTV audio systems to improve the sound quality. Amplifiers can be single channel or multi-channel amplifiers, They can be internal or external amplifiers. The type of amplification used is dependent on the application and environment where it will be installed.
The major factor affecting overall performance with any amplifier is its input voltage (UPS/backup battery).
Application Insights:
OEMs and aftermarket are two major application segments of the global market. In 2017, OEM held a leading share of over 90% in both the application segments. The growth of this segment is attributed to low price competition among aftermarket products as compared to their OEM counterparts. However, demand for ATVs and UTVs is higher in the aftermarket than in the OEM segment owing to lower prices offered by these vehicles as compared to their original equipment manufacturers (OEMs).
The popularity of off-road racing has increased significantly over the past few years due largely to extensive media coverage and promotion from various industry participants such as television channels, film producers, sports agencies and governments across countries such as India, China Japan etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of key industry players such as Alpine Electronics, Inc.; Boston Acoustics; Car Audio Warehouse; Cenega Corporation; Clarion Co., Ltd.; and JBL Professional. These companies are continuously developing advanced products for ATVs and UTVs to ensure high-quality audio output with low distortion across wide range of frequencies. Moreover, growing demand for these vehicles from countries such as Canada and Mexico is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income among middle-class population groups in emerging economies including China, India, Indonesia, Malaysia Philippines Thailand Vietnam etc., which will lead them opt for aftermarket upgrades on their vehicles including audio systems installation rather than opting OEM factory installed units or those offered by local vendors at a later stage due to cost factor or convenience aspect etc.
Growth Factors:
- Increasing demand for recreational activities: The global population is increasingly becoming health conscious and prefers outdoor recreational activities such as ATV & UTV riding, which in turn is driving the demand for audio systems in these vehicles.
- Technological advancements: The introduction of advanced technologies, such as Bluetooth and wireless connectivity, has made audio systems more user-friendly and increased their adoption among consumers.
- Rising disposable income: A growing number of consumers are now able to afford high-end audio systems, owing to rising disposable incomes across the world. This is providing a major impetus to the growth of the ATV & UTV Audio Systems market.
- Growing popularity of off-road racing events: Off-road racing events are gaining immense popularity across the globe, which is propelling demand for better quality audio systems in ATVs & UTVs used in these races.
Scope Of The Report
Report Attributes
Report Details
Report Title
ATV & UTV Audio Systems Market Research Report
By Type
Speakers, Amplifiers, Head Units
By Application
OEM, Aftermarket
By Companies
Rockford Fosgate, BOSS Audio, MTX Audio, KICKER Audio, MB Quart, Actiway China, Pyle, NOAM, Froghead Industries, Rockford Fosgate
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global ATV & UTV Audio Systems Market Report Segments:
The global ATV & UTV Audio Systems market is segmented on the basis of:
Types
Speakers, Amplifiers, Head Units
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rockford Fosgate
- BOSS Audio
- MTX Audio
- KICKER Audio
- MB Quart
- Actiway China
- Pyle
- NOAM
- Froghead Industries
- Rockford Fosgate
Highlights of The ATV & UTV Audio Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Speakers
- Amplifiers
- Head Units
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ATV & UTV Audio Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ATV & UTV Audio Systems are a type of audio system that is designed specifically for use with off-road vehicles. These systems typically include high-quality speakers and an amplifier, which allow them to produce clear sound while driving over rough terrain.
Some of the key players operating in the atv & utv audio systems market are Rockford Fosgate, BOSS Audio, MTX Audio, KICKER Audio, MB Quart, Actiway China, Pyle, NOAM, Froghead Industries, Rockford Fosgate.
The atv & utv audio systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ATV & UTV Audio Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ATV & UTV Audio Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ATV & UTV Audio Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ATV & UTV Audio Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ATV & UTV Audio Systems Market Size & Forecast, 2018-2028
4.5.1 ATV & UTV Audio Systems Market Size and Y-o-Y Growth
4.5.2 ATV & UTV Audio Systems Market Absolute $ Opportunity
Chapter 5 Global ATV & UTV Audio Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 ATV & UTV Audio Systems Market Size Forecast by Type
5.2.1 Speakers
5.2.2 Amplifiers
5.2.3 Head Units
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ATV & UTV Audio Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 ATV & UTV Audio Systems Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ATV & UTV Audio Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ATV & UTV Audio Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ATV & UTV Audio Systems Analysis and Forecast
9.1 Introduction
9.2 North America ATV & UTV Audio Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ATV & UTV Audio Systems Market Size Forecast by Type
9.6.1 Speakers
9.6.2 Amplifiers
9.6.3 Head Units
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America ATV & UTV Audio Systems Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe ATV & UTV Audio Systems Analysis and Forecast
10.1 Introduction
10.2 Europe ATV & UTV Audio Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ATV & UTV Audio Systems Market Size Forecast by Type
10.6.1 Speakers
10.6.2 Amplifiers
10.6.3 Head Units
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe ATV & UTV Audio Systems Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific ATV & UTV Audio Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ATV & UTV Audio Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ATV & UTV Audio Systems Market Size Forecast by Type
11.6.1 Speakers
11.6.2 Amplifiers
11.6.3 Head Units
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific ATV & UTV Audio Systems Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America ATV & UTV Audio Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America ATV & UTV Audio Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ATV & UTV Audio Systems Market Size Forecast by Type
12.6.1 Speakers
12.6.2 Amplifiers
12.6.3 Head Units
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America ATV & UTV Audio Systems Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) ATV & UTV Audio Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ATV & UTV Audio Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ATV & UTV Audio Systems Market Size Forecast by Type
13.6.1 Speakers
13.6.2 Amplifiers
13.6.3 Head Units
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) ATV & UTV Audio Systems Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ATV & UTV Audio Systems Market: Competitive Dashboard
14.2 Global ATV & UTV Audio Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rockford Fosgate
14.3.2 BOSS Audio
14.3.3 MTX Audio
14.3.4 KICKER Audio
14.3.5 MB Quart
14.3.6 Actiway China
14.3.7 Pyle
14.3.8 NOAM
14.3.9 Froghead Industries
14.3.10 Rockford Fosgate
