Market for Audio And Video Equipment in the United States
In value terms, audio and video equipment production contracted slightly to $ in . In general, production continues to indicate a slight contraction. The growth pace was the most rapid in 2017 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production failed to regain momentum.
The revenue of the audio and video equipment market in the United States totaled $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in and is likely to see steady growth in the immediate term.