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The Retail Market for Audio Equipment in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 08, 2023
Length 41 Pages
SKU # IBSS18184286

Description

The Retail Market for Audio Equipment in the US - Industry Market Research Report


The Retail Market for Audio Equipment in the US

Driven by overall growth in disposable income and housing, the Retail Market for Audio Equipment is expected to grow at an annualized rate of 0.7% to $21.3 billion over the five years to 2020. During the five-year period, the number of households is estimated to increase an annualized 0.7% to 128.8 million, representing a consumer base ripe for new audio equipment such as surround-sound systems or soundbars for their new homes. However, the outbreak of COVID-19 (coronavirus) and the subsequent economic recession has led to an estimated decline of 4.2% in 2020 alone, although this drop is much more subdued compared to the brick-and-mortar retail sector.

Companies in this industry sell consumer audio equipment and components, parts and accessories for such equipment. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers. Sales of commercial or industrial audio equipment are not included in this industry.

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.

Table of Contents

41 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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