IBISWorld’s Audio Equipment Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Analysis & Industry Trends

China is the largest production base for audio products in the world, and exports have been the main source 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 2016, revenue for the Audio Equipment Manufacturing industry in China grew 1.5% to $23.6 billion at an annualized rate of 3.2% over the past five years. Over the same period, exports decreased at an annualized rate of 0.1%, 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 0.9% to $24.8 billion in 2021...

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Industry Report - Starting a New Business Chapter

Start-up investment for this industry can vary according to the size of the manufacturer. The price for a 32-meter-long audio product assembly line of a well-known domestic brand was only $50,000 in 2008. For some low-end products, workers can assemble products with standard tools. There are many segmented product markets in this industry such as the MP3 player market, MP4 player market, CD player market and radio market. The concentration level in these markets is relatively low and there is not one specific dominant brand. Many domestic enterprises provide Original Equipment Manufacturer (OEM) services for foreign enterprises, and subsequently rely on foreign orders to survive.

Advertising expenditure is low in this industry. Som..

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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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    Industry Products

    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
    Industry Activities
    Home theater equipment and component
    Automobile audio system
    Telephone answering machine
    Dictation recording machine
    MP3 and MP4 player

    Table of Contents

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

  • Current Performance
  • International trade
  • Domestic demand
  • Competitive 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

  • Products & Markets
    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
  • Other
  • Radios
  • 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
    Competitive Landscape
    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
    Major Companies
    Sony ChinaPhilips Electronics China BVSamsung ElectronicsForyou GroupPanasonic 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

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Audio Equipment Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)
  • Output of Radios (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
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    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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