Audio & Video Equipment Manufacturing in Canada - Industry Market Research Report

Audio & Video Equipment Manufacturing in Canada - Industry Market Research Report

Audio & Video Equipment Manufacturing in Canada

Industry operators' inability to adapt to an evolving business environment has adversely affected the Audio and Video Equipment Manufacturing industry in Canada. Globally, industry operators have offshored their manufacturing operations to low-cost countries. Domestically, they have retained their high value-added processes, which require research and development (R&D) expenditures. Canada's economic situation in the first half of the five years to 2019 was volatile but has stabilized in recent years. Consequently, the industry experienced both strong growth and steep declines over the five years to 2019. Over the five years to 2024, 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.

The Audio and Video Equipment Manufacturing industry in Canada 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.