India Automotive Speaker Market By Vehicle Type (Passenger Car Vs Light Commercial Vehicle), By Demand Category (OEM Vs Aftermarket), Competition Forecast & Opportunities, 2013-2023

Sales volume of automotive speakers in India is projected to reach 20.55 million units by 2023, on the back of growing production of passenger cars and light commercial vehicles in the country. Increasing consumer preference towards premium audio set-ups in their vehicles, expanding product portfolio, growing online sales and rising disposable income are some of the other key factors anticipated to fuel sales of automotive speakers in the country. Moreover, with growing presence of premium international brands including DD Audio and Memphis Audio, India automotive speaker market is likely to grow at a robust pace in the coming years.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

• To analyze and forecast the market size of automotive speaker in India.
• To classify and forecast India automotive speaker market based on vehicle type, demand category and region.
• To identify drivers and challenges for India automotive speaker market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India automotive speaker market.
• To conduct the pricing analysis for India automotive speaker market.
• To identify and analyze the profile of leading players operating in India automotive speaker market.

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Some of the major players operating in India automotive speaker market are Nippon Audiotronix Pvt. Ltd., Minda D-TEN India Pvt. Ltd., Panasonic India Pvt. Ltd., Pioneer India Electronics Pvt. Ltd., Alpine Electronics, Harman International, Sony India Pvt. Ltd., JVCKENWOOD Marketing India Pvt. Ltd., KICKER, Rockford Fosgate India, etc.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of automotive speaker manufacturers, distributors and dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major automotive speaker companies across the country.

TechSci Research calculated the size for India automotive speaker market using a bottom-up technique, wherein the sales volume data for different vehicle types (Passenger Cars and Light Commercial Vehicles) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as SIAM, OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.  

 

• Automotive speaker manufacturers, suppliers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to automotive speakers  
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive speaker manufacturers, suppliers, distributors and policy makers. The study would also aid the stakeholders to target the growing segments over the coming years, thereby enabling them in taking right investment decisions and facilitating their expansion.

Report Scope:

In this report, India automotive speaker market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Vehicle Type:
• Passenger Car
• Light Commercial Vehicle
• Market, by Demand Category:
• OEM
• Aftermarket
• Market, by Region:
• East
• West
• North
• South

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies operating in India automotive speaker market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

• Detailed analysis and profiling of additional market players (up to five).