Industry Analysis & Industry Trends
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The industry is positioned for a marginal recovery, after fast-paced offshoring and falling consumer spending led to significant declines over the five years to 2011. Headphone manufacturers will increasingly rely on new marketing tactics like celebrity endorsements to garner revenue, while renewed consumer spending will bolster growth. Nevertheless, import penetration will cut into long-term revenue growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Headphone Manufacturing industry is in a declining phase of its life cycle. The industry's diminishing contribution to the overall economy demonstrates this phase. In the 10 years to 2016, industry value added (IVA), which measures the industry's contribution to GDP, is expected to decline 3.1% annually. During the same period, GDP is expected to grow at an average annualized rate of about 2.0%. This trend is largely the result of a growing number of operators that offshore production, which has become increasingly common across the manufacturing sector.
In the five years to 2011, offshoring has also caused an increasing number of industry operators to close domestic manufacturing plants. Dur... purchase to read more