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


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)


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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

Major trends affect the Audio and Video Equipment Manufacturing industry include:
  1. Increased demand for high-quality audio products due to rising consumer expectations
  2. Growing integration of smart technology and IoT in AV equipment
  3. Shift towards wireless and portable audio devices
  4. Enhanced focus on immersive and 3D audio technologies
  5. Rise of home entertainment systems due to increased at-home consumption
  6. Impact of global supply chain disruptions on manufacturing and distribution
  7. Integration of AI to improve user interaction and sound personalization
  8. Expansion of 4K, 8K, and higher resolution technologies in video equipment
  9. Adoption of sustainable practices and materials to meet environmental regulations
  10. Increased use of cloud-based solutions for content storage and streaming
  11. Growing importance of content security technology advancements
  12. Consolidation of industry players to leverage new technologies and markets
  13. Enhanced consumer inclination towards subscription-based and rental AV services
  14. Fluctuating raw material prices impacting production costs


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

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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 RatiosIndustry 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 RatiosIndustry 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 IndicatorsIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 13%

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Chief Executives0%
General and Operations Managers4%
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.
Source:
IncFact




Innovation News



Recent Federal Contracts for Audio and Video Equipment Manufacturing

  • Mar 29, 2024: FEMDEL LLC (Hyattsville, MD) awarded $49,066
  • Mar 28, 2024: J & N MARKETING, INC. (Mokena, IL) awarded $4,395
  • Mar 28, 2024: GUIDE ID B.V. (Deventer, ) awarded $12,000
  • Mar 28, 2024: FORD AUDIO-VIDEO SYSTEMS, LLC (Oklahoma City, OK) awarded $260,629
  • Mar 27, 2024: MEAK SOLUTIONS LLC. (Mentor, OH) awarded $75,432
  • Mar 27, 2024: AXON ENTERPRISE, INC. (Scottsdale, AZ) awarded $15,000




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