Turn it up: Revenue will grow despite pressure from offshoring and import penetration

An ever-changing technological landscape and the subsequent shifts in the consumption of audio and video content presented challenges for the Audio and Video Equipment Manufacturing industry over the past five years. Additionally, the offshoring movement limited this industry's ability to grow. Over the five years to 2017, industry revenue growth improved slightly, thanks to favorable macroeconomic factors such as rising per capita disposable income and low unemployment spurring consumer demand. The pressures this industry contends with are expected to continue over the next five years, as companies continue offshoring their operations and relying on imports...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
0.3%
Forecast Growth 17-22
Profit
Employment
9,408
Businesses
489

Industry Threats & Opportunities

  • Offshoring production to countries with lower labor costs is now the industry standard for manufacturers
  • Due to increasing production abroad, imports are expected to increase
  • New TV products will likely offset declines in domestic demand for audio and video equipment
  • Industry Report - Industry SWOT Analysis Chapter

    Consumer spending and technological innovation are major drivers of demand for this mature industry. As a result, products undergo frequent changes to keep up with constantly evolving preferences and trends. Technological advancements and changing product lines have helped this industry avoid product and market saturation, as well as guarantee steady revenue. However, growth in the Audio and Video Equipment Manufacturing industry in the United States in particular has remained relatively slow-paced.The US industry is projected to contend with stagnation in its enterprises, establishments and employee figures over the next five years. Poor numbers in forecast growth in the number of industry enterprises and employment reflect the high level of offshoring by industry operators. Ind...purchase to read more.

    Additional Insights for the Audio & Video Equipment Manufacturing Industry

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

  • Having contacts within key markets
  • Access to the latest available and most efficient technology and techniques
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Housing starts and Manufacturing capacity utilization in the Audio & Video Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Audio & Video Equipment Manufacturing Industry?

    This industry comprises manufacturers of electronic audio and video equipment for home entertainment systems, vehicles and public areas. This industry excludes manufacturers of photographic equipment and telephone-answering machines.

    Industry Products
  • TVs and accessories
  • Speakers
  • Automotive audio equipment
  • Other consumer audio and video equipment
  • Industry Activities
  • Manufacturing television receivers
  • Manufacturing radio receivers
  • Manufacturing CD players
  • Manufacturing DVD, DVR and Blu-ray players
  • Manufacturing loudspeaker and commercial sound equipment
  • Manufacturing automobile audio equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Manufacturing capacity utilization
  • Trade-weighted index
  • Corporate profit

  • Current Performance
  • Offshore growth
  • Product substitution
  • Rebounding demand
  • Chart: Revenue Growth

  • Industry Outlook
  • New technology fuels demand
  • Expanding global market
  • Table: Audio & Video Equipment Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • TV & Appliance Wholesaling
  • Consumer Electronics Stores
  • Movie Theaters

  • Key Selling Industries
  • Circuit Board & Electronic Component Manufacturing
  • Glass Product Manufacturing
  • Plastic Products Miscellaneous Manufacturing
  • Semiconductor & Circuit Manufacturing

  • Products & Services
  • Speakers
  • Other consumer audio and video equipment
  • TVs and accessories
  • Automotive audio equipment
  • Chart: Audio & Video Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • New technologies
  • Price and income
  • Other

  • Major Markets
  • Exports
  • Other
  • Automotive manufacturers
  • Retailers and wholesalers
  • Chart: Major Market Segmentation for the Audio & Video Equipment Manufacturing Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Harman International Industries Inc., Bose Corporation,
  • Table: Harman International Industries Inc. - financial performance
  • Table: Bose Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Audio & Video 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 & Video 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)
  • Consumer Price Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    3-D
  • products that employs three dimensional presentation, such as stereoscopic capture, multi-view capture or 2-D plus depth and a 3-D display.
  • Anti-Dumping
  • A trade policy that seeks to protect import-competing industries through tariffs or embargos.
  • Crt Tv
  • Cathode-ray tube TV.
  • Lcd Tv
  • Liquid-crystal display TV.
  • Offshoring
  • The relocation of a company's business process from one country to another (i.e. outside of the United States).
  • Reshoring
  • The act of bringing personnel or a business process, such as manufacturing, back to its original location (i.e. back to the United States).
  • What Our Customers Say

    Why buy this report?

    The Audio & Video Equipment Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 & Video 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 & Video 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 & Video 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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