	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
Instant Download - Available immediately upon purchase
Download both PDF and Excel

Download now:

2024 U.S. Industry Statistics & Market Forecast - Audio and Video Equipment Manufacturing

Published: April 2024

Market Size & Industry Statistics

The total U.S. industry market size for Audio and Video Equipment Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics	2019 2020 2021 2022 2023
Market Size (Total Sales/Revenue)		Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook	2024	2025	2026	2027	2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)

Source: AnythingResearch Economic Analysis

Industry Insights

The Audio & Video Equipment Manufacturing industry has been experiencing a plethora of trends that are reshaping the industry. One of the major trends impacting the industry is the advent of new and emerging technologies that are transforming the way audio and video equipment are designed, manufactured, and used. The shift towards digitalization and the Internet of Things has led to the integration of advanced features such as voice commands, wireless connectivity, and smart functionality in audio and video equipment.

Another significant trend impacting the industry is the proliferation of streaming services that are replacing traditional media platforms such as DVDs and CDs. This has led to a decline in demand for physical media and has forced manufacturers to adapt to the changing market dynamics by focusing on the development of products that are compatible with streaming services.

Additionally, the industry is witnessing an increased adoption of high-definition audio and video equipment, which is being driven by the growing demand for immersive entertainment experiences. Consumers are now willing to invest in high-end audio and video equipment that provides a cinematic experience in their homes.

Moreover, the industry is experiencing a trend towards environmentally sustainable practices, and manufacturers are under pressure to develop products that are energy-efficient and do not harm the environment. This has led to the adoption of eco-friendly manufacturing processes and the use of recyclable materials in product development.

Lastly, the global pandemic has accelerated the shift towards remote work and virtual events, leading to an increased demand for audio and video equipment that enable seamless communication and collaboration. Manufacturers are now focusing on developing products that cater to the needs of remote workers and the virtual events industry.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Audio and Video Equipment Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Audio and Video Equipment Manufacturing industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Audio and Video Equipment Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance Indicators	Industry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	13%	Order at top of page
Chief Executives	0%
General and Operations Managers	4%
Business and Financial Operations Occupations	8%
Business Operations Specialists	7%
Computer and Mathematical Occupations	10%
Computer Occupations	10%
Software and Web Developers, Programmers, and Testers	6%
Sales and Related Occupations	10%
Office and Administrative Support Occupations	10%
Production Occupations	31%
Assemblers and Fabricators	24%
Electrical, Electronics, and Electromechanical Assemblers	18%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers	17%
Miscellaneous Assemblers and Fabricators	6%

Source: Bureau of Labor Statistics

Audio and Video Equipment Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Audio and Video Equipment Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Audio and Video Equipment Manufacturing industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Audio and Video Equipment Manufacturing industry.