On track: The evolving digital landscape will continue to have a place for audio production studios

Over the five years to 2017, the Audio Production Studios industry has performed well considering drastic changes in how media is consumed. However, one of the greatest challenges facing the industry is the readily accessible recording equipment and widespread availability of distribution channels on the internet. Moving forward, the industry will continue to provide valuable services to a variety of media producers. While the availability of recording equipment has been increasing, this is no substitute for the expertise that audio production studios provide to clients. However, the sharp decline of album sales has hurt the industry. Nevertheless, IBISWorld expects audio production studio revenue to grow over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
3.0%
Forecast Growth 17-22
Profit
Employment
5,594
Businesses
1,706
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Despite changing preferences, the value added by experienced audio production technicians will drive industry growth
  • Studios with strong reputations reap benefits from good relationships with record labels
  • More artists will seek the services of professional studios to master and edit their work
  • Industry Report - Industry SWOT Analysis Chapter

    The Audio Production Studios industry is in the mature phase of its life cycle. Over the 10 years to 2022, IBISWorld estimates that the industry's contribution to the overall economy, measured by its industry value added, is growing at an annualized rate of 0.1%. Comparatively, US GDP is projected to grow an annualized 2.1% over the same period.Technological developments in recording software and hardware enable individual musicians, radio broadcasters and video producers to develop their content without the need to pay a professional studio. However, audio production studios provide valuable postproduction services that are typically beyond the skill level of amateur artists. Alt...purchase to read more.

    Additional Insights for the Audio Production Studios Industry

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

  • Supply contracts in place for key inputs
  • Having a good reputation
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Total advertising expenditure in the Audio Production Studios industry impact industry performance..

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    What's in this report

    What is the Audio Production Studios Industry?

    Establishments in this industry provide facilities and technical expertise for sound recording in a studio. Companies provide audio production or postproduction services for producing master recordings and may provide audio services for film, television and video productions. After the recording has taken place, studios often perform postproduction services to adjust and master music recordings.

    Industry Products
  • Postproduction, sound editing and design
  • Music recording services
  • Radio recording services
  • Spoken word recording services
  • Other sound editing and production services
  • Industry Activities
  • Sound recording production
  • Sound recording postproduction and mastering
  • Other sound recording production services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Total advertising expenditure
  • Federal funding for creative arts
  • Album sales

  • Current Performance
  • Recording profit
  • Record labels
  • Beyond music
  • Chart: Revenue Growth

  • Industry Outlook
  • Redefining the music industry
  • Entertaining consumers
  • Improving technology
  • Table: Audio Production Studios Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Audio Production Studios Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Movie & Video Production
  • Television Production
  • Independent Label Music Production
  • Major Label Music Production

  • Key Selling Industries
  • Power Conversion Equipment Manufacturing
  • Recordable Media Manufacturing

  • Products & Services
  • Postproduction, sound editing and design
  • Music recording services
  • Other sound editing and production services
  • Radio recording services
  • Spoken word recording services
  • Chart: Audio Production Studios Industry Products and Services Segmentation

  • Demand Determinants
  • Music recording
  • Demand from Hollywood
  • Technological developments

  • Major Markets
  • Television and film clients
  • Music industry clients
  • Advertising clients
  • Spoken word clients
  • Radio programming clients
  • Chart: Major Market Segmentation for the Audio Production Studios Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Audio Production Studios

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Audio Production Studios Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Audio Production Studios 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 Production Studios Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Album sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Sampler
  • An audio tool that can capture a previously recorded sound and supply it to the synthesizer.
  • Sequencer
  • An audio tool that can take a small portion of a synthesizer's output and repeat selected sections precisely when laying down the recording to tape.
  • Synthesizer
  • An audio tool that allows the production of a wide variety of sounds based on acoustic instruments and electronic tones that do not have any foundation in traditional instrumentation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Audio Production Studios Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Production Studios:
    • 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 Production Studios 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 Production Studios, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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