Market size and recent performance (2009-2024)
Industry revenue has declined at a CAGR of -6.7% over the past five years, to reach an estimated $20.7bn in 2019.
Trends and Insights
- The slowing depreciation in the value of the Mexican peso is expected to contribute to a moderate rebound in imports
- Additional trends and insights available with purchase
Biggest companies in the Audio & Video Equipment Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Bose Corporation | ||||
Samsung Group | ||||
VOXX International Corporation |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Color television receivers, Radio receivers and Microphones, speakers and headphones. Color television receivers is the largest segment of the Audio & Video Equipment Manufacturing in Mexico.
Trends and Insights
• The largest product segment for the Audio and Video Equipment Manufacturing industry is color television receivers.
- This segment is expected to generate 67.2% of industry revenue in 2019.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Audio and Video Equipment Manufacturing industry in Mexico, which includes the production of automotive audio equipment, speakers and television receivers for manufacturing and retail markets, has suffered over the five years to 2019. The industry has been threatened by intense international competition, which has resulted in a decline in industry revenue and exports. Audio and video equipment imports have also declined during the period, stemming from depreciation in the value of the Mexican peso. During the period, several small operators have exited the industry, yielding a decline in industry participation. While the industry also experienced volatile profit margins during the period, the sale of high-margin audio and video equipment has yielded a slight increase in industry profit.
What's included in this industry?
Production of audio and visual equipmentColor television receiversRadio receiversMicrophones, speakers and headphonesMonitorsTransmitters and camerasOther television receivers and projectorsAll otherCompanies
Bose CorporationSamsung GroupVOXX International CorporationPurchase this report to view all 4 major companies in this industry.
Related Terms
3DANTI-DUMPINGCRT TVLCD TVOFFSHORINGRESHORINGIndustry Code
NAICS 33431MX - Audio & Video Equipment Manufacturing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
GDP of Mexico. The gross domestic product (GDP) of Mexico tracks the value of all goods and services produced in the economy. An increase in the value of GDP indicates expansi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• The largest product segment for the Audio and Video Equipment Manufacturing industry is color television receivers. This segment is expected to generate 67.2% of indust...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Audio and Video Equipment Manufacturing industry in Mexico is heavily concentrated in the Northwest and Northeast regions of the country. The Northwest region is anticipat...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Upstream vertical integration. Vertical integration, a common strategy for multinational manufacturers, minimizes purchasing costs.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Bose Corporation (Bose) is a manufacturer of premium audio products, including automobile speaker systems, headsets and headphones, home speakers and various other products. T...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Bose Corporation's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Samsung Group's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of VOXX International Corporation's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Bose Corporation, and factors influencing its performance in the industry
- Description and key data for Samsung Group, and factors influencing its performance in the industry
- Description and key data for VOXX International Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Audio and Video Equipment Manufacturing industry is subject to a moderate degree of regulation. Audio and video equipment produced by industry operators are subject to saf...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Audio & Video Equipment Manufacturing industry in Mexico in 2019?
The market size of the Audio & Video Equipment Manufacturing industry in Mexico is $20.7bn in 2019.
How many businesses are there in the Audio & Video Equipment Manufacturing in Mexico industry in 2019?
There are 53 businesses in the Audio & Video Equipment Manufacturing industry in Mexico, which has declined at a CAGR of -4.0% between 2014 and 2019.
Has the Audio & Video Equipment Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Audio & Video Equipment Manufacturing industry in Mexico has been at a CAGR of -6.7% between 2014 and 2019.
What is the forecast growth of the Audio & Video Equipment Manufacturing industry in Mexico over the next 5 years?
The Audio & Video Equipment Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Audio & Video Equipment Manufacturing market in Mexico?
The biggest companies operating in the Audio & Video Equipment Manufacturing market in Mexico are Bose Corporation, Samsung Group and VOXX International Corporation
What does the Audio & Video Equipment Manufacturing in Mexico include?
Production of audio and visual equipment and Color television receivers are part of the Audio & Video Equipment Manufacturing industry.
Which companies have the highest market share in the Audio & Video Equipment Manufacturing in Mexico?
The company holding the most market share in Mexico is Bose Corporation.
How many people are/were employed in the Audio & Video Equipment Manufacturing in Mexico in 2019?
There are 57,317 employed in the Audio & Video Equipment Manufacturing industry in Mexico 2019.
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Methodology
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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