Audio & Video Equipment Manufacturers
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 467 audio and video equipment manufacturers in the US produce electronic audio and video equipment for home entertainment, motor vehicles, and public address and musical instrument amplification. Products include stereo equipment, speaker systems, televisions, household-type video cameras, jukeboxes, microphones, and amplifiers for musical instruments and public address systems. Large firms typically enjoy scale benefits, while small firms compete by offering specialty products.
Inventory Obsolescence
Rapidly evolving technology and fast product development cycles, which characterize the audio and video equipment manufacturing industry, can lead to inventory obsolescence.
Dependence on Foreign Contract Manufacturing
Although US firms play a significant role in the domestic audio and video manufacturing market, foreign production in countries with lower labor costs is the norm.
Industry size & Structure
The average US audio and video equipment manufacturer operates out of a single location, employs about 20 workers, and generates $9.6 million annually.
- The US audio and video equipment manufacturing industry consists of about 467 firms that employ about 9,500 workers and generate about $4.5 billion annually.
- The industry is concentrated; the top 50 companies account for 78% of industry revenue.
- Large firms are generally the US subsidiaries of foreign companies, which include Samsung, Sony, and LG Electronics. Multi-national conglomerates dominate the industry. Large US companies include Bose and GoPro.
- While television manufacturing is included in the industry, foreign-owned firms produce the vast majority of TVs sold in the US. TVs assembled in the US typically use parts from abroad.
Industry Forecast
Audio & Video Equipment Manufacturers Industry Growth
Recent Developments
Jan 29, 2025 - Shipments, Inventories Down
- Audio and video equipment shipments fell 3.7% in November 2024 compared to a year ago and were up 15% from the previous month, according to the US Census Bureau. Inventories of audio and video equipment dropped 4.4% in November 2024 compared to a year ago and fell 0.6% from the previous month. Producer prices for audio and equipment manufacturers rose 2% in December year over year while employment was up 0.7% during the same period, according to the US Bureau of Labor Statistics (BLS). Leading industry indicators showed improvement in November 2024, with consumer spending up 2.9% compared to a year ago, per the Bureau of Economic Analysis.
- The Pro AV Sales Index increased in December 2024 month over month, according to the Audiovisual and Integrated Experience Association (AVIXA). The Pro AV Sales Index registered 53.1 in December 2024, up from 52.1 points in November. 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. The December result remains below historic norms. Respondents cited a range of factors for lackluster sales including seasonal factors, hiring challenges, and general economic concerns. In comparison, the monthly average index in 2023 was 58.8, representing a stable year but not as strong as 2022, according to AVIXA.
- Bose Corporation announced it acquired high-end audio company McIntosh Group in November 2024. McIntosh manufactures amplifiers, speakers, turntables, and other audio products under the audio brands McIntosh and Sonus faber. The deal opens up new opportunities in the automotive sector by leveraging Bose’s experience in automotive auto and McIntosh’s legacy of performance and design, per the announcement. According to Bose CEO Lila Snyder,, “Over the last six decades we’ve delivered the best premium audio experiences possible; now, with McIntosh Group in our portfolio, we can unlock even more ways to bring music to life in the home, on-the-go and in the car. We look forward to honouring the heritage of these brands, investing in their future and pushing the boundaries of audio innovation to bring customers experiences they’ve never heard before.” Bose acquired McIntosh Group from investment firm Highlander Partners, and financial terms of the deal were not disclosed.
- Consumer confidence levels declined in December 2024, falling by 8.1 points from the previous month, according to The Conference Board. The Consumer Confidence Index was 104.7 in December 2024 from 112.8 in November 2024. Dana Peterson, chief economist at The Conference Board, noted that those remaining most confident on a six-month moving average basis confidence were those aged under 35 and those in the income category of over $100,000. Per Peterson, “The recent rebound in consumer confidence was not sustained in December as the Index dropped back to the middle of the range that has prevailed over the past two years.” Purchasing plans for homes decreased while plans to buy new cars and big-ticket items rose in December 2024 on a six-month average basis.
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