Market Overview:
The global premium car audios 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 luxury cars and mid-size passenger cars across the globe. In terms of type, the 400-600 watt segment is expected to dominate the global premium car audios market during the forecast period, followed by above 600 watt segment. In terms of application, luxury cars are expected to account for a major share in the global premium car audios market during 2018-2030.
Product Definition:
A premium car audio is a high-end sound system that is installed in a car. It typically consists of high-quality speakers, amplifiers, and subwoofers. Premium car audio systems are designed to provide the best possible sound quality for drivers and passengers. They can be used to listen to music, talk on the phone, or watch videos.
Premium car audio systems are important because they allow drivers and passengers to enjoy their music or other media content while driving or riding in the car. They provide superior sound quality compared to standard factory-installed sound systems. This can make it safer and more enjoyable for drivers and passengers to travel in a vehicle.
400-600 Watt:
400-600 Watt is the range of power output for car audio equipment. It has been observed that majority of the people prefer listening music in their cars and thus, they install speakers in their vehicles. 400-600 Watt car audio equipment are used by individuals who have enough money to spend on such add on accessories and services as music system installation.
Above 600 Watt:
The power output of an Above 600 Watt Car Audio System should be high enough to drive every component in the system without any distortion. The components can be speakers, amplifiers, and other accessories like Bluetooth devices or smartphones that are connected to the car audio system through a cable.
Premium car audio systems are equipped with features such as satellite radio, IPod integration along with USB port for charging phones and it also has auxiliary input for connecting external devices like MP3 players or laptops.
Application Insights:
The luxury cars segment dominated the global premium car audio market in 2017 and is expected to maintain its lead over the forecast period. The segment generated a revenue of USD 6,818.5 million in 2017 owing to high demand for premium sound systems with features such as CD players, MP3 players and Bluetooth connectivity in expensive vehicles. Moreover, growing sales of sports cars have fueled demand for upgraded car audio systems that provide enhanced bass response along with crystal-clear highs and mids.
The mid-size passenger cars application segment is expected to grow at a significant rate over the forecast period owing to increasing consumer preference for music system equipped mid-sized sedans or wagons that can be driven by both adults and kids alike.
Regional Analysis:
North America dominated the global premium car audio market in 2017. The region is expected to witness a considerable growth rate of 5.9% over the forecast period, owing to increasing demand for high-end sound systems in luxury cars and rising adoption of entertainment systems in mid-size passenger cars. Furthermore, growing popularity of customized audio system installation services will drive regional market growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years due to rapid urbanization and changing lifestyle resulting into increased disposable income which can be utilized on improving automotive interior accessories such as premium sound system installation services offered by professionals or self-installed kits with basic knowledge about car electronics systems required for proper operation and maintenance of these accessories at home rather than going outstation thereby driving regional product demand majorly across China, Japan, India among other emerging economies including South Korea.
Growth Factors:
- Increasing disposable income of the consumers: The premium car audio market is expected to grow as the disposable income of the consumers increases. This is because people would be more inclined to spend on luxury items such as a high-end car audio system.
- Technological advancements: There has been a constant advancement in technology over the years and this has led to better quality car audio systems being available in the market at lower prices. This is likely to drive demand for premium car audios in future too.
- Rising trend of customization: A growing number of people are opting for customized solutions when it comes to their cars and this includes upgrading their car audio systems too. This presents an opportunity for players operating in the premium car audio market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Car Audios Market Research Report
By Type
400-600 Watt, Above 600 Watt
By Application
Luxury Cars, Mid-size Passenger Cars
By Companies
HARMAN, Bose, Sony, Pioneer, Clarion, Alpine Electronics, Panasonic, Naim Audio, Denso Ten, Dynaudio, Burmester Audiosysteme
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Premium Car Audios Market Report Segments:
The global Premium Car Audios market is segmented on the basis of:
Types
400-600 Watt, Above 600 Watt
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
Luxury Cars, Mid-size Passenger Cars
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
- Bose
- Sony
- Pioneer
- Clarion
- Alpine Electronics
- Panasonic
- Naim Audio
- Denso Ten
- Dynaudio
- Burmester Audiosysteme
Highlights of The Premium Car Audios 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:
- 400-600 Watt
- Above 600 Watt
- By Application:
- Luxury Cars
- Mid-size Passenger Cars
- 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 Premium Car Audios 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Premium Car Audios is a company that provides car audio services. They offer installation, repair, and replacement of car audio systems. They also provide tuning and customization of car audio systems.
Some of the key players operating in the premium car audios market are HARMAN, Bose, Sony, Pioneer, Clarion, Alpine Electronics, Panasonic, Naim Audio, Denso Ten, Dynaudio, Burmester Audiosysteme.
The premium car audios market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Premium Car Audios Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Premium Car Audios Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Premium Car Audios Market - Supply Chain
4.5. Global Premium Car Audios Market Forecast
4.5.1. Premium Car Audios Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Premium Car Audios Market Size (000 Units) and Y-o-Y Growth
4.5.3. Premium Car Audios Market Absolute $ Opportunity
5. Global Premium Car Audios Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Premium Car Audios Market Size and Volume Forecast by Type
5.3.1. 400-600 Watt
5.3.2. Above 600 Watt
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Premium Car Audios Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Premium Car Audios Market Size and Volume Forecast by Application
6.3.1. Luxury Cars
6.3.2. Mid-size Passenger Cars
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Premium Car Audios Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Premium Car Audios Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Premium Car Audios Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Premium Car Audios Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Premium Car Audios Demand Share Forecast, 2019-2026
9. North America Premium Car Audios Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Premium Car Audios Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Premium Car Audios Market Size and Volume Forecast by Application
9.4.1. Luxury Cars
9.4.2. Mid-size Passenger Cars
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Premium Car Audios Market Size and Volume Forecast by Type
9.7.1. 400-600 Watt
9.7.2. Above 600 Watt
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Premium Car Audios Demand Share Forecast, 2019-2026
10. Latin America Premium Car Audios Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Premium Car Audios Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Premium Car Audios Market Size and Volume Forecast by Application
10.4.1. Luxury Cars
10.4.2. Mid-size Passenger Cars
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Premium Car Audios Market Size and Volume Forecast by Type
10.7.1. 400-600 Watt
10.7.2. Above 600 Watt
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Premium Car Audios Demand Share Forecast, 2019-2026
11. Europe Premium Car Audios Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Premium Car Audios Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Premium Car Audios Market Size and Volume Forecast by Application
11.4.1. Luxury Cars
11.4.2. Mid-size Passenger Cars
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Premium Car Audios Market Size and Volume Forecast by Type
11.7.1. 400-600 Watt
11.7.2. Above 600 Watt
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Premium Car Audios Demand Share, 2019-2026
12. Asia Pacific Premium Car Audios Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Premium Car Audios Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Premium Car Audios Market Size and Volume Forecast by Application
12.4.1. Luxury Cars
12.4.2. Mid-size Passenger Cars
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Premium Car Audios Market Size and Volume Forecast by Type
12.7.1. 400-600 Watt
12.7.2. Above 600 Watt
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Premium Car Audios Demand Share, 2019-2026
13. Middle East & Africa Premium Car Audios Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Premium Car Audios Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Premium Car Audios Market Size and Volume Forecast by Application
13.4.1. Luxury Cars
13.4.2. Mid-size Passenger Cars
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Premium Car Audios Market Size and Volume Forecast by Type
13.7.1. 400-600 Watt
13.7.2. Above 600 Watt
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Premium Car Audios Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Premium Car Audios Market: Market Share Analysis
14.2. Premium Car Audios Distributors and Customers
14.3. Premium Car Audios Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HARMAN
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bose
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sony
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pioneer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clarion
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alpine Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Naim Audio
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Denso Ten
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dynaudio
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Burmester Audiosysteme
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
