Audio & Video Equipment Manufacturers NAICS 334310

Jul 30, 2025 - Electronics Manufacturing Growth

• Computer and Electronic Products, which includes audio and video equipment manufacturers, is one of the nine manufacturing industries reporting growth in June’s Manufacturing ISM Report on Business. Computer and Electronic Products reported an increase in new orders, increased production, increased prices for raw materials, and growth in order backlogs, as well as a decrease in employment, lower inventories, and slower supplier deliveries. Other manufacturing industries reported growth during the period including Apparel, Leather & Allied Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Miscellaneous Manufacturing; Furniture & Related Products; Machinery; Food, Beverage & Tobacco Products; and Electrical Equipment, Appliances & Components. Industries reporting contraction were Wood Products; Paper Products; Chemical Products; Textile Mills, Transportation Equipment; and Fabricated Metal Products. Overall, economic activity in the manufacturing sector contracted for the fourth consecutive month in June, with the Manufacturing PMI registering 49%.
• Consumer confidence levels, an indicator of discretionary spending, increased in July 2025 month over month, rising by 2 points, according to the Consumer Confidence Index. Consumer confidence levels have stabilized since May but remain lower than last year’s levels, according to The Conference Board, which publishes the monthly index. July’s gain can be attributed to consumers over 35 years old and shared across all income groups, except the lowest income group earning below $15K. In addition, the consumer sentiment index from the University of Michigan increased in July 2025, rising to 61.8 in preliminary July data from 60.7 in June, according to a report in the Wall Street Journal. July’s inflation expectation results were lower than June’s, when respondents expected a 5% price increase for the coming year. The index serves as a predictor of consumer spending as it indicates consumers’ perception of their financial prospects and the broader economy.

• Sales for the US audio and video equipment manufacturers industry are projected to grow at a CAGR of 2.99% between 2025 and 2029, slower than the overall economy's projected growth, according to a forecast from Inforum and the Interindustry Economic Research Fund, Inc. The durable goods manufacturing sector forecast indicates that the labor force is expected to diminish, barring immigration reform that allows greater numbers. However, new technologies could support labor productivity for the industry. According to the forecast, investment in manufacturing facilities could stem from a range of factors, including the need to shorten supply chains after disruptions to domestic and foreign production and freight transportation during the pandemic. Consumer sentiment is expected to improve in the forecast period, which bodes well for the sector. A factor that may curb consumer spending is higher tariffs on consumer goods.
• The Pro AV Sales Index experienced an increase in June 2025 month over month, supporting an overall trend of sustained growth, according to the Audiovisual and Integrated Experience Association (AVIXA). The Pro AV Sales Index registered 59.2 in June, a slight increase from 58.3 points in May. An index of 50 indicates firms saw no growth or decline in business activity; more than 50 indicates an expansion, while less than 50 indicates a decrease. Respondents cited several factors that could be a barrier to growth in the coming months, including tariff uncertainties, a changing political environment, and inflation.