$10.6bn
$X.Xbn
44,909
2,372
$X.Xbn
Audio and visual equipment have many applications spanning many downstream markets. The rental market depends on the economy's health and borrowing rates. The pandemic caused many major markets like entertainment and commercial businesses to shut down, leading to a detraction in revenue. Even so, the uptick in residential construction and the reopening some industrial markets offered a glimmer of hope. Equipment rental and leasing contractors promptly recovered as the economy reopened and business activity resumed. Overall revenue is expected to climb at a CAGR of 2.5% to $10.6 billion through the end of 2024, including a 1.0% uptick in 2024 alone.
Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $10.6bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Audio & Visual Equipment Rental in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Speakers, TVs and accessories and Automotive audio equipment. Speakers is the largest segment of the Audio & Visual Equipment Rental in the US.
Make your sound heard with quality speakers
Operators in this industry rent or lease electronic audio and video equipment for home entertainment systems, vehicles and public areas. The industry excludes rentals of photographic equipment and telephone answering machines.
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NAICS 532210 - Audio & Visual Equipment Rental in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic crippled the rental industry as many of its major markets were shut down temporarily. Even so, residential construction, healthcare buildings and essential indus...
Learn about an industry's products and services, markets and trends in international trade.
The entertainment industry got a major boost as the pandemic waned and live shows and events resumed. Venues began to purchase equipment again to accommodate for ongoing and ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
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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.
Low barriers to entry allow for new entrants to enter the mix without much effort. Nonetheless, new companies must have significant capital to purchase the equipment they wan...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
While there is no public assistance for audio and visual equipment rental, contractors can join trade associations to gain knowledge and networking opportunities. The America...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The cost of audio and visual equipment continues to swell making it more expensive for rental companies. Even so, they can pass these price hikes to the customer, preventing ...
Including values and annual change:
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Key data sources in the US include:
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:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Audio & Visual Equipment Rental in the US industry in United States is $10.6bn in 2024.
There are 2,372 businesses in the Audio & Visual Equipment Rental in the US industry in United States, which has grown at a CAGR of 5.2 % between 2019 and 2024.
The market size of the Audio & Visual Equipment Rental in the US industry in United States has been growing at a CAGR of 2.5 % between 2019 and 2024.
Over the next five years, the Audio & Visual Equipment Rental in the US industry in United States is expected to grow.
Audio equipment and video equipment rental and Expert services on rental and installation are part of the Audio & Visual Equipment Rental in the US industry.
The level of competition is high and increasing in the Audio & Visual Equipment Rental in the US industry in United States.