AV snub: Imports will continue to satisfy the majority of domestic demand

Industry operators' inability to adapt to an evolving business environment has adversely affected the Canadian Audio and Video Equipment Manufacturing industry. Globally, industry operators have offshored their manufacturing operations to low-cost countries; domestically, they've retained their high value-added processes, which require research and development (R&D) expenditures. Over the five years to 2017, employee productivity in the industry has recovered, though R&D expenditure has remained comparatively lower than in other, higher-wage countries. Over the five years to 2022, demand for industry products is expected to increase. However, product demand from consumer, corporate and other downstream markets is likely to be satisfied by imports...read more.

Industry Statistics & Market Size
Revenue
$494m
Annual Growth 12-17
6.6%
Forecast Growth 17-22
Profit
Employment
1,448
Businesses
160
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is reluctant to invest more heavily in R&D, which has made operators less competitive globally
  • Only companies with niche products or considerable operations can compete effectively
  • Once a large revenue generator, MP3 players have slowly become dated and rendered redundant
  • Industry Report - Industry SWOT Analysis Chapter

    Across the board, the industry is experiencing some growth in revenue, employment and establishments and declines across exports and imports. Industry value added (IVA), which measures the industry's contribution to the economy, is projected to grow at an annualized rate of 4.9% over the 10 years to 2022. During the same 10-year period, Canadian GDP is expected to rise at an annualized rate of 1.9%. An IVA growth rate higher than that of the national GDP's is considered to be in its growth stage. However, the industry's operations and structure are more indicative of an industry in its mature stage. This maturity comes despite years of declines and is the culmination of several factors stemming from high import competition and continued offshoring. In ...purchase to read more.

    Additional Insights for the Audio & Video Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Audio & Video Equipment Manufacturing Industry are

  • Having contacts within key markets
  • Access to the latest available and most efficient technology and techniques
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Housing starts and Demand from car and automobile manufacturing in the Audio & Video Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Audio & Video Equipment Manufacturing Industry?

    This industry comprises manufacturers of electronic audio and video equipment for home entertainment systems, vehicles and public areas. This industry excludes manufacturers of photographic equipment and telephone answering machines.

    Industry Products
  • Speakers
  • Automotive
  • TV
  • Industry Activities
  • Manufacturing television receivers
  • Manufacturing radio receivers
  • Manufacturing CD players
  • Manufacturing DVD, DVR and Blu-ray players
  • Manufacturing loudspeaker and commercial sound equipment
  • Manufacturing automobile audio equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Demand from car and automobile manufacturing
  • Canadian-dollar effective exchange rate index
  • Per capita disposable income
  • Corporate profit

  • Current Performance
  • Improved macroeconomic conditions
  • Worker productivity and R&D expenditure
  • Exports and imports
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased competition with new technology
  • Expanding global market
  • Table: Audio & Video Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Audio & Video Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • TV & Appliance Wholesaling in Canada
  • Consumer Electronics Stores in Canada
  • Movie Theatres in Canada

  • Key Selling Industries
  • Glass Product Manufacturing in Canada
  • Other Plastic Product Manufacturing in Canada
  • Semiconductor & Other Electronic Component Manufacturing in Canada
  • Wood Panelling Manufacturing in Canada

  • Products & Services
  • Speakers
  • Other
  • Automotive
  • TV
  • Chart: Audio & Video Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • New technologies
  • Price and income
  • Other

  • Major Markets
  • Exports
  • Other retailers
  • Wholesalers
  • Automotive manufacturers and dealers
  • Chart: Major Market Segmentation for the Audio & Video Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchases and wagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Audio & Video Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Audio & Video Equipment Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Audio & Video Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Audio & Video Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Canadian-dollar effective exchange rate index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Anti-Dumping
  • A trade policy that seeks to protect import-competing industries through tariffs or embargoes.
  • Cathode-Ray Tube (Crt)
  • Televisions sets that use vacuum tubes with electron emitters and a fluorescent screen to display images.
  • Liquid Crystal Display (Lcd)
  • Television sets that use the light modulating properties of liquid crystals to give the view a more defined viewing experience.
  • Offshoring
  • The relocation of a company's business process from one country to another .
  • Research And Development (R&D)
  • Group of activities in a company that researches and develops new technologies and processes.
  • Three-Dimensional (3D) Tvs
  • Television sets designed to simulate the appearance of depth to the viewer.
  • Value-Added
  • The difference between the revenue generated and the direct cost of a process or product.
  • What Our Customers Say

    Why buy this report?

    The Audio & Video Equipment Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Audio & Video Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Audio & Video Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Audio & Video Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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