Press Release

India Automotive Speaker Market to Register Annual Sales of Over 20 Million Units by 2023

Growing production of passenger cars, increasing demand for premium speakers and rising online sales to drive India automotive speaker market through 2023 

According to TechSci Research report, India Automotive Speaker Market By Vehicle Type, By Demand Category, Competition Forecast & Opportunities, 2013-2023, sales volume in India automotive speaker market is forecast to surpass 20.55 million units by 2023. This huge sales volume is anticipated to be backed by increasing production of passenger cars and light commercial vehicles in the country, coupled with increasing consumer preference for premium audio setups and growing passenger car exports from India, especially to South Asian and South American countries. Growing sales of middle as well as top variants of passenger cars, which are factory fitted with automotive speakers, are also anticipated to aid growth in the automotive speaker market in India during the forecast period.   

Browse 37 Figures spread through 67 Pages and an in-depth TOC on "India Automotive Speaker Market"


Major automotive speaker manufacturing giants such as Nippon, Panasonic, JBL, Alpine, Pioneer, etc., are continuously improving and expanding their product offerings to attract more customers towards their products. Moreover, Chinese automotive speaker manufacturers are also intensifying their business operations in India by enhancing the quality of their products. Several automotive speaker manufacturers are investing heavily in research & development and coming up with advanced and more affordable versions of their products. All these developments are anticipated to have a positive impact on the automotive speaker market in India over the course of next five years.

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“Growing presence of premium international brands through their authorized distributors and dealers, in addition to increasing online sales and rising demand for premium speakers, would steer growth in India automotive speaker market until 2023. Moreover, increasing average selling price of automotive speakers and growing production and exports of cars in the country are anticipated to significantly boost India automotive speaker market in the foreseeable future.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  

India Automotive Speaker Market By Vehicle Type, By Demand Category, Competition Forecast & Opportunities, 2013-2023 has analyzed the potential of automotive speaker market in India, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the automotive speaker market across the country.

About TechSci Research

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