The audio and video equipment
manufacturing market comprises establishments producing electronic audio and
video equipment for home entertainment, musical instrument amplification, motor
vehicles, and public address systems. Audio and video equipment products
include televisions, speaker systems, video cassette recorders, stereo
equipment, household-type video cameras, jukeboxes, and amplifiers for musical
instruments and public address systems.
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The global audio and video
equipment manufacturing market has been growing in the past years with a CAGR
of almost 5%. TBRC’s latest report show the historic and future trends in the
market for each year with sourced reasons to support the growth claims.
The report also shows the global audio
and video equipment manufacturing market to grow at a higher CAGR by 2021 as
compared to 2017, along with geographies best suited for investments with
highest return rate.
Sample report:
Vinyl record players are
witnessing rapid growth due to rising popularity of physical music formats
among millennials’ and youngsters. A vinyl is an analog sound storage medium
that requires a gramophone or turntable to play music. Also, the deaths of some
famous celebrities in the music industry drove vinyl sales as people invested
in records as mementos. According to RIAA (Recording Industry Association Of
America), sales of vinyl records grew by 32% to $416 million in 2015, thus
indicating high demand for vinyl record players.
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Companies included in the report
are Samsung, Sony and LG Electronics.
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