Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Sound Recording Studios

Market Size & Industry Statistics

The total U.S. industry market size for Sound Recording Studios: 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 Sound Recording Studios industry include:
  1. Growing demand for high-quality audio content
  2. Increasing use of digital audio workstations
  3. Integration of AI and machine learning technologies
  4. Expansion of independent artists and creators
  5. Rising popularity of podcasts and audiobooks
  6. Shift towards remote recording and collaboration
  7. Enhanced focus on immersive audio formats like Dolby Atmos
  8. Adoption of blockchain for copyright protection
  9. Sustainability practices in studio operations
  10. Growing investments in studio technology and acoustics
  11. Increasing competition from home studios and mobile applications
  12. Influence of streaming platforms on music production and distribution
  13. Heightened interest in live streaming and virtual concerts
  14. Fluctuating market dynamics influenced by economic conditions
  15. Regulatory changes impacting copyright laws and royalties

Product & Services Breakdown

Research products and services in the Sound Recording Studios industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Studio Recording Services For Music Clients

Studio Recording, Excluding Mixing Of Musical Recordings

Studio Recording, Including Mixing Of Musical Recordings

Mastering Of Musical Recordings

Studio Recording Services For Spoken Word Clients

Studio Recording Services For Radio Material

Studio Recording Services For Radio Material - Radio Spots

Postproduction Services For Audiovisual Works - Sound Editing And Design

Postproduction Services For Audiovisual Works - Sound Editing And Design - Contract Production Services For Original Music

Postproduction Services For Audiovisual Works - Sound Editing And Design - Additional Dialogue Recording (Adr)

Postproduction Services For Audiovisual Works - Sound Editing And Design - Sound Integration And Synchronization

Postproduction Services - Other Sound Services For Audiovisual Works

Sound Editing And Design Services, Excluding Audiovisual Works

Live Audio Recording Services

Live Audio Recording Of Other Events

Rental Of Non-Residential Space In Buildings Or Other Facilities

Rental Of Recording Studio Facilities

All Other Receipts

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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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 Sound Recording Studios 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 Sound Recording Studios 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 Sound Recording Studios 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 16%

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Top Executives 8%
Chief Executives1%
General and Operations Managers 6%
General and Operations Managers6%
Business and Financial Operations Occupations 15%
Business Operations Specialists 12%
Arts, Design, Entertainment, Sports, and Media Occupations 38%
Entertainers and Performers, Sports and Related Workers 13%
Actors, Producers, and Directors 10%
Producers and Directors 10%
Media and Communication Equipment Workers 20%
Broadcast, Sound, and Lighting Technicians 17%
Sound Engineering Technicians 13%
Sales and Related Occupations 7%
Sales Representatives, Services 6%
Miscellaneous Sales Representatives, Services 6%
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel 6%
Office and Administrative Support Occupations 17%
Source: Bureau of Labor Statistics

Sound Recording Studios Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Sound Recording Studios 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 Sound Recording Studios 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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Sound Recording Studios industry.

Innovation News

Recent Federal Contracts for Sound Recording Studios

  • Mar 27, 2024: CYNERGY PROFESSIONAL SYSTEMS LLC (Laguna Hills, CA) awarded $48,880
  • Mar 21, 2024: BRUCE JOHNSON (Candler, NC) awarded $12,800
  • Mar 21, 2024: EUGENE ADRIEN PEYROUX III (Alexander, NC) awarded $88,110
  • Mar 21, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $13,942

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