China is the largest production base for audio products in the world, and exports have been one of the main sources of industry revenue for decades. However, with rising incomes and cheaper products on the market, domestic demand has been increasing steadily to become the major source of industry revenue.In 2017, revenue for the Audio Equipment Manufacturing industry in China grew 1.0% to $24.0 billion at an annualized rate of 3.9% over the past five years. Over the same period, exports decreased at an annualized rate of 0.5%, largely due to decrease in international market demand and less competitiveness of China's products.Over the next five years, industry revenue is projected to grow at an annualized rate of 0.8% to $25.0 billion in 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
335,679
Businesses
2,307

Industry Report - Industry Locations Chapter

Guangdong is expected to account for 56.8% of industry revenue in 2017, with Jiangsu, Tianjin and Shanghai making up 10.0%, 5.0% and 4.6% of revenue, respectively. Over the year, Shanghai has overtaken Zhejiang as the fourth-highest in terms of industry revenue.Guangdong is the largest production and processing base for audio equipment in China. During 2017, this region is expected to account for 69.2% and 68.1% of total industry enterprise and employment numbers, respectively. As the first area opened to foreign enterprises in 1978, Guangdong has a very well-developed electronic manufacturing presence. Well-known foreign enterprises that established factories in Guangdong include Panasonic, Samsung and Thomson. Ove...purchase to read more.

Additional Insights for the Audio Equipment Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Audio Equipment Manufacturing Industry are

  • Develop engaging new products
  • Establishment of export markets
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as World demand and Per Capita Disposable Income in the Audio Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Audio Equipment Manufacturing Industry?

    This industry manufactures a variety of audio equipment including: radios, MP3 players, karaoke machines, sound recorders, home theater equipment, automobile audio systems, telephone answering machines and dictation recording devices.

    Industry Products
  • Automobile audio products
  • Portable music equipment
  • Audio system products
  • Tape recorders and dictaphones
  • Radios
  • Industry Activities
  • Radio
  • Home theater equipment and component
  • Automobile audio system
  • Telephone answering machine
  • Dictation recording machine
  • Phonograph
  • MP3 and MP4 player
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World demand
  • Per Capita Disposable Income
  • Age Group (15-34)
  • Domestic Goods Prices
  • Systems and Technology - by Industry
  • MATERIALS

  • Current Performance
    International tradeDomestic demandCompetitive landscape
  • Chart: Revenue Growth

  • Industry Outlook
    International trade and competition
  • Table: Audio Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Audio Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Supermarkets
  • Home Appliance Stores

  • Key Selling Industries
  • Industrial Electrical Equipment Manufacturing
  • Plastic Parts Manufacturing

  • Products & Services
  • Automobile audio products
  • Portable music equipment
  • Audio system products
  • Tape recorders and dictaphones
  • Radios
  • Other
  • Chart: Audio Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Income levels
  • Prices
  • Development of the automotive sector
  • Product innovation
  • Consumer trends

  • Major Markets
  • Exports
  • Household appliance chain stores
  • Automobile manufacturers
  • Electronic product markets
  • Other
  • Specialty stores
  • Chart: Major Market Segmentation for the Audio Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Tax and interest
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Audio Equipment Manufacturing

  • Basis of Competition
  • Price
  • R&D
  • Brand
  • Quality

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Audio Equipment Manufacturing Industry

  • Industry Globalization
    Sony China, Philips Electronics China BV, Samsung Electronics, Foryou Group, Panasonic Group (China),
  • Table: Sony China - financial performance
  • Table: Philips Electronics China BV - financial performance
  • Table: Samsung Electronics - financial performance
  • Table: Foryou Group - financial performance
  • Table: Panasonic Group (China) - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Audio Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Audio Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output of Radios (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Playback
  • The act of reproducing recorded sound.
  • Turntable
  • A circular, horizontal platform that rotates a phonograph record to produce audio sound.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Audio Equipment Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Audio Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Audio Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Audio Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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