Market for Audio And Video Equipment in the United States
Market Overview
In 
, the U.S. audio and video equipment market increased by % to $, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Audio and video equipment consumption peaked in and is expected to retain growth in years to come.
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 U.S. audio and video equipment market increased by % to $, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Audio and video equipment consumption peaked in and is expected to retain growth in years to come.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.Consumption
After three years of growth, consumption of audio and video equipment decreased by -% to units in . In general, consumption, however, recorded a strong expansion. Over the period under review, consumption reached the peak volume at units in , and then reduced in the following year.
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.
% to units in . In general, consumption, however, recorded a strong expansion. Over the period under review, consumption reached the peak volume at units in , and then reduced in the following year.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.Market Forecast
Driven by increasing demand for audio and video equipment in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .Market Structure
Audio and video equipment market in the United States consists almost entirely of imported products.
Trade Balance
The United States remains a net importer of audio and video equipment; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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