Audio & Video Equipment Manufacturing in Canada
Industry operators' inability to adapt to an evolving business environment has adversely affected the Canadian Audio and Video Equipment Manufacturing industry. Globally, industry operators have offshored their manufacturing operations to low-cost countries; domestically, they've retained their high value-added processes, which require research and development (R&D) expenditures. Over the five years to 2017, employee productivity in the industry has recovered, though R&D expenditure has remained comparatively lower than in other, higher-wage countries. Over the five years to 2022, demand for industry products is expected to increase. However, product demand from consumer, corporate and other downstream markets is likely to be satisfied by imports.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.