The "Automotive Premium Audio System - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Automotive Premium Audio System Market to Reach US$120.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Automotive Premium Audio System estimated at US$99.7 Billion in the year 2020, is projected to reach a revised size of US$120.6 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.
Luxury Cars, one of the segments analyzed in the report, is projected to grow at a 2.6% CAGR to reach US$62 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mid-Size Passenger Cars segment is readjusted to a revised 2.9% CAGR for the next 7-year period. This segment currently accounts for a 48.1% share of the global Automotive Premium Audio System market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 4.4% CAGR for the Period of 2020-2027
The Automotive Premium Audio System market in the U.S. is estimated at US$28.8 Billion in the year 2020. The country currently accounts for a 28.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$19.7 Billion in the year 2027 trailing a CAGR of 4.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR while Rest of European market (as defined in the study) will reach US$19.7 Billion by the year 2027.
Competitors identified in this market include, among others:
Alpine Electronics, Inc.
Bang & Olufsen
Bowers & Wilkins
Harman International Industries, Inc.
Klipsch Group, Inc.
Panasonic Automotive Systems Company of America
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Automotive Premium Audio System Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 65
For more information about this report visit https://www.researchandmarkets.com/r/jmonrp
View source version on businesswire.com: https://www.businesswire.com/news/home/20201110005736/en/
Laura Wood, Senior Press Manager
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