Market Overview:
The global car speakers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for premium cars and rising disposable income of consumers in developing countries. In terms of type, tweeters are expected to witness highest growth during the forecast period, followed by super tweeters, midrange, woofers and subwoofers. Passenger vehicles are expected to account for majority share of the global car speakers market during the forecast period.
Product Definition:
A car speaker is a type of loudspeaker that is typically used in a car or other vehicle. Car speakers are designed to produce sound while being mounted in a vehicle.
Tweeters:
The term “tweeters” is used for speakers that are placed in the rear of an automobile. These speakers produce low-frequency sound waves which help create a spacious and open soundstage. The placement of these speakers helps enhance the overall audio quality by creating a 360° surround effect, thereby improving the performance of car audio systems.
Increasing demand for high-quality music.
Super Tweeters:
SuperTweeters are a set of two or more tweeters in a single cabinet, which is used to increase the overall sound output of car speakers. It’s an easy and cost-effective solution for car audio enthusiasts who want to upgrade their stock speakers without spending extra on installing additional amplifiers.
The product has gained immense popularity among consumers as it offers better performance at an affordable price compared to other products in its category.
Application Insights:
Passenger vehicles segment dominated the global car speakers market in 2017 and is expected to maintain its dominance over the forecast period. The rising number of young population in developed countries such as U.S., Germany, and France is anticipated to drive demand for passenger cars, thus increasing demand for premium sound systems with enhanced audio quality. Moreover, technological advancements such as introduction of smart navigation systems by major automotive manufacturers are projected to boost product adoption in vehicle audio systems over the coming years.
The commercial vehicles segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in government initiatives aimed at promoting electric buses across various regions including Europe and China. For instance,in 2017-18 fiscal year EU governments invested approximately USD 17 billion on subsidies & incentives for electric buses which represents around 7% of total bus sales worldwide (around 50 thousand units).
Regional Analysis:
North America dominated the global car speakers market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for high-quality audio systems and booming aftermarket sales industry. In addition, rising adoption of advanced technologies such as voice control and infotainment system is also driving regional growth. Asia Pacific on the other hand is anticipated to witness significant growth over the next eight years owing to growing automobile production coupled with improving economic conditions in emerging countries such as India, China, Indonesia, Malaysia and Thailand (IMEA).
Europe was valued at USD X billion in 2017 owing to growing popularity of premium sound systems coupled with presence of key players operating within region including Alpine Electronics sas; alpine-european; Kenwood Europe GmbH & Co., KG; Pioneer Corporation; Sony Corporation etc.
Growth Factors:
- Increasing demand for car speakers in developing countries owing to rise in disposable income and growth of the automotive industry.
- Growing popularity of aftermarket car audio systems and accessories.
- Technological advancements in speaker design and manufacturing that improve sound quality, bass response, and power handling capacity.
- Rising demand for premium-quality speakers with advanced features such as Bluetooth connectivity, voice control, etc.
- Increasing trend of customization among car owners which has led to an increase in demand for high-end car speakers
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Speakers Market Research Report
By Type
Tweeters, Super Tweeters, Midrange, Woofers, Subwoofers
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Alpine Electronics, Inc., Bang & Olufsen, BOSE, Blaupunkt, Boston, DYNAUDIO, Focal, Harman/Kardon, HiVi, JL Audio, Inc., Alpine Electronics, Inc., LG Electronics, Sony, Panasonic
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Car Speakers Market Report Segments:
The global Car Speakers market is segmented on the basis of:
Types
Tweeters, Super Tweeters, Midrange, Woofers, Subwoofers
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
Passenger Vehicles, Commercial Vehicles
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:
- Alpine Electronics, Inc.
- Bang & Olufsen
- BOSE
- Blaupunkt
- Boston
- DYNAUDIO
- Focal
- Harman/Kardon
- HiVi
- JL Audio, Inc.
- Alpine Electronics, Inc.
- LG Electronics
- Sony
- Panasonic
Highlights of The Car Speakers 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:
- Tweeters
- Super Tweeters
- Midrange
- Woofers
- Subwoofers
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Car Speakers 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?
Car speakers are a type of speaker that is installed in the car. They are used to play music or other audio from a device that is connected to the car, such as an MP3 player or an iPod.
Some of the major players in the car speakers market are Alpine Electronics, Inc., Bang & Olufsen, BOSE, Blaupunkt, Boston, DYNAUDIO, Focal, Harman/Kardon, HiVi, JL Audio, Inc., Alpine Electronics, Inc., LG Electronics, Sony, Panasonic.
The car speakers 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 Car Speakers 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 Car Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Speakers 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 Car Speakers 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 Car Speakers Market Size & Forecast, 2020-2028
4.5.1 Car Speakers Market Size and Y-o-Y Growth
4.5.2 Car Speakers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Tweeters
5.2.2 Super Tweeters
5.2.3 Midrange
5.2.4 Woofers
5.2.5 Subwoofers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Speakers 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 Car Speakers 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Tweeters
9.6.2 Super Tweeters
9.6.3 Midrange
9.6.4 Woofers
9.6.5 Subwoofers
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Tweeters
10.6.2 Super Tweeters
10.6.3 Midrange
10.6.4 Woofers
10.6.5 Subwoofers
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Tweeters
11.6.2 Super Tweeters
11.6.3 Midrange
11.6.4 Woofers
11.6.5 Subwoofers
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Tweeters
12.6.2 Super Tweeters
12.6.3 Midrange
12.6.4 Woofers
12.6.5 Subwoofers
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Tweeters
13.6.2 Super Tweeters
13.6.3 Midrange
13.6.4 Woofers
13.6.5 Subwoofers
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Car Speakers Market: Competitive Dashboard
14.2 Global Car Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alpine Electronics, Inc.
14.3.2 Bang & Olufsen
14.3.3 BOSE
14.3.4 Blaupunkt
14.3.5 Boston
14.3.6 DYNAUDIO
14.3.7 Focal
14.3.8 Harman/Kardon
14.3.9 HiVi
14.3.10 JL Audio, Inc.
14.3.11 Alpine Electronics, Inc.
14.3.12 LG Electronics
14.3.13 Sony
14.3.14 Panasonic
