The Retail Market for Audio Equipment
Despite recent growth in the Retail Market for Audio Equipment, a recession-induced dip in disposable income resulted in a drop in industry revenue. Although new technology has made industry products more profitable and increased the prevalence of online retailers, the industry has also begun to see competition from consumer electronics with built-in audio systems. During the next five years, consumers will loosen their purse strings as a result of higher disposable income, and the industry is expected to see a return to revenue growth.
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.
Best Buy Co. Inc.
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