Market Overview:
The global motorcycle sound 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 motorcycles across the globe, coupled with the rising disposable income of consumers. In addition, the growing trend of customization and personalization is also propelling the growth of this market. The global motorcycle sound systems market can be segmented on the basis of type into built-in type and external type. The built-in type segment is expected to hold a larger share in terms of revenue in 2018, owing to its low installation cost as compared to external types. However, external types are anticipated to witness higher growth rates during the forecast period due their ability offer high audio quality as well as compatibility with a wider range of motorcycles. On basis application, OEMs are estimated account for majority share in terms revenue in 2018 followed by aftermarket applications segments respectively .
Product Definition:
A motorcycle sound system is a device that amplifies the sound of a motorcycle's engine. They are often used to improve the sound quality of the bike, and can also make it louder so that the rider can be heard more easily. Motorcycle sound systems are important for safety reasons, as they allow other drivers and pedestrians to hear the bike coming and avoid accidents.
Built-in Type:
The built-in type is a sound system that is integrated into the vehicle. It has become popular among motorcycle riders as it offers better safety and security along with improved driving experience. The integration of advanced audio systems in vehicles helps enhance the driving experience by providing excellent connectivity, flexibility, and convenience to the driver. Moreover, increasing demand for luxury cars equipped with state-of-the-art audio systems has also contributed to market growth over recent years.
External Type:
External type is a term used for categorizing the sound system that is attached/built-in to the motorcycle. It can be built-in or attached to the bike’s frame, engine or any other part of it.
1) Type 1 - Sound systems which are directly mounted on bikes.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The use of sound systems by OEMs is a strategic move to establish a brand image in the eyes of consumers. Motorcycle manufacturers are also using these systems as an opportunity to showcase their technological capabilities and innovation edge over their competitors. Sound system integration with navigation, communication and entertainment features is expected to drive demand among end-users, thereby propelling the global market growth during forecast years.
The aftermarket segment is projected to expand at a CAGR exceeding 6% from 2018 to 2030 owingto increasing product sales for installation on previously owned motorcycles manufactured by other companies such as Honda, Kawasaki, Suzuki and Yamaha among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing sales of motorcycles in countries such as India, China, and Japan. Moreover, rising disposable income coupled with a growing population will boost demand for two-wheelers thereby driving regional growth. Europe accounted for more than 20% of the overall revenue share in 2017 owing to high product penetration on account of favorable regulations regarding motorcycle safety equipment standards along with consumer awareness about road accidents caused by lack of sound systems on bikes. North America is also projected to witness significant growth over the next eight years owing to increased sales volume across U.S.
Growth Factors:
- Increasing disposable income of consumers: The growth in the motorcycle sound systems market is mainly attributed to the increasing disposable income of consumers. With rising incomes, there is a shift in consumer preferences towards premium and luxury products. This is evident from the growing demand for high-end motorcycles with superior sound systems.
- Technological advancements: Rapid technological advancements have led to the development of innovative and advanced motorcycle sound systems that offer better performance and features. This has resulted in an increase in demand for such products, thereby driving market growth.
- Growing popularity of motorcycling as a leisure activity: The popularity of motorcycling as a leisure activity is another key factor that is driving market growth. With more people taking up this hobby, there is an increased demand for motorcycles with better sound systems that can provide an enhanced riding experience.
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorcycle Sound Systems Market Research Report
By Type
Built-in Type, External Type
By Application
OEMs, Aftermarket
By Companies
Harman, Garmin, TomTom, Alpine, Boss, Clarion, Infinity, JBL, JL Audio, Kenwood, Kicker, MB Quart, Memphis Audio, MTX, NavAtlas, PowerBass, Rockford Fosgate, Soundstream, SSV Works
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Motorcycle Sound Systems Market Report Segments:
The global Motorcycle Sound Systems market is segmented on the basis of:
Types
Built-in Type, External Type
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
OEMs, 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:
- Harman
- Garmin
- TomTom
- Alpine
- Boss
- Clarion
- Infinity
- JBL
- JL Audio
- Kenwood
- Kicker
- MB Quart
- Memphis Audio
- MTX
- NavAtlas
- PowerBass
- Rockford Fosgate
- Soundstream
- SSV Works
Highlights of The Motorcycle Sound 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:
- Built-in Type
- External Type
- By Application:
- OEMs
- 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 Motorcycle Sound 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
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- Business Expansion Strategies
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- Understanding Competition Scenario
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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?
Motorcycle sound systems are a type of audio equipment that is typically installed on motorcycles. They allow riders to hear the sounds of the motorcycle while they are riding, which can help them stay safe and avoid accidents.
Some of the key players operating in the motorcycle sound systems market are Harman, Garmin, TomTom, Alpine, Boss, Clarion, Infinity, JBL, JL Audio, Kenwood, Kicker, MB Quart, Memphis Audio, MTX, NavAtlas, PowerBass, Rockford Fosgate, Soundstream, SSV Works.
The motorcycle sound 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 Motorcycle Sound 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 Motorcycle Sound Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motorcycle Sound 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 Motorcycle Sound 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 Motorcycle Sound Systems Market Size & Forecast, 2018-2028
4.5.1 Motorcycle Sound Systems Market Size and Y-o-Y Growth
4.5.2 Motorcycle Sound Systems Market Absolute $ Opportunity
Chapter 5 Global Motorcycle Sound 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 Motorcycle Sound Systems Market Size Forecast by Type
5.2.1 Built-in Type
5.2.2 External Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motorcycle Sound 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 Motorcycle Sound Systems Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorcycle Sound 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 Motorcycle Sound 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 Motorcycle Sound Systems Analysis and Forecast
9.1 Introduction
9.2 North America Motorcycle Sound 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 Motorcycle Sound Systems Market Size Forecast by Type
9.6.1 Built-in Type
9.6.2 External Type
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 Motorcycle Sound Systems Market Size Forecast by Applications
9.10.1 OEMs
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 Motorcycle Sound Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Motorcycle Sound 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 Motorcycle Sound Systems Market Size Forecast by Type
10.6.1 Built-in Type
10.6.2 External Type
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 Motorcycle Sound Systems Market Size Forecast by Applications
10.10.1 OEMs
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 Motorcycle Sound Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motorcycle Sound 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 Motorcycle Sound Systems Market Size Forecast by Type
11.6.1 Built-in Type
11.6.2 External Type
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 Motorcycle Sound Systems Market Size Forecast by Applications
11.10.1 OEMs
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 Motorcycle Sound Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Motorcycle Sound 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 Motorcycle Sound Systems Market Size Forecast by Type
12.6.1 Built-in Type
12.6.2 External Type
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 Motorcycle Sound Systems Market Size Forecast by Applications
12.10.1 OEMs
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) Motorcycle Sound Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motorcycle Sound 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) Motorcycle Sound Systems Market Size Forecast by Type
13.6.1 Built-in Type
13.6.2 External Type
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) Motorcycle Sound Systems Market Size Forecast by Applications
13.10.1 OEMs
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 Motorcycle Sound Systems Market: Competitive Dashboard
14.2 Global Motorcycle Sound Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Harman
14.3.2 Garmin
14.3.3 TomTom
14.3.4 Alpine
14.3.5 Boss
14.3.6 Clarion
14.3.7 Infinity
14.3.8 JBL
14.3.9 JL Audio
14.3.10 Kenwood
14.3.11 Kicker
14.3.12 MB Quart
14.3.13 Memphis Audio
14.3.14 MTX
14.3.15 NavAtlas
14.3.16 PowerBass
14.3.17 Rockford Fosgate
14.3.18 Soundstream
14.3.19 SSV Works
