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Audio Production Studios in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Audio Production Studios Market Research Report | NAICS 51224 | Sep 2016

Strong track record: The industry has proven resilient to recent technological shifts in music, film and television

IBISWorld’s Audio Production Studios 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
6,134
Businesses
2,019
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
  • After experiencing success online, many artists will seek the services of professional studios
  • ... purchase to read more

Industry Analysis & Industry Trends

In the five years to 2016, the Audio Production Studios industry has performed well considering drastic changes in how media is consumed. IBISWorld estimates that industry revenue has grown over the five-year period. 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. Another factor hurting the industry is the sharp decline of album sales... ... purchase to read more

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 2021, IBISWorld estimates that the industry's contribution to the overall economy, measured by its industry value added, is growing at an annualized rate of 2.0%. 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 designMusic recording servicesRadio recording servicesSpoken word recording servicesOther sound editing and production services
     
    Industry Activities
    Sound recording productionSound recording postproduction and masteringOther sound recording production services


    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
  • 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
  • Products & Markets
    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
  • Other
  • 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
  • Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Audio Production Studios Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Album sales (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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 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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