Fading out: The rising popularity of online retailers is expected to constrain the industry<br>
Audio and video equipment distributors wholesale and distribute household-type audio and visual equipment, like cameras and stereos, along with various media players and sound systems. As these items are mostly discretionary purchases, fluctuations in disposable income and unemployment levels determine revenue. Over the five years to 2023, as income has increased, consumers have invested more into higher-quality TV sets and robust home entertainment systems. Supply chain disruptions and establishment closures due to the pandemic resulted in significant reductions in both demand and the number of establishments. Increased competition from substitute products and online retailers has also constrained revenue growth. As a result, industry revenue is expected to decline at a CAGR of 2.2% to $45.1 billion over the five years to 2023. Revenue is also enduring threats from inflation and recessionary fears in the current year. Revenue is expected to fall 2.4% in 2023 as demand remains high following the pandemic.
This industry wholesales and distributes household-type audio and visual equipment, such as cameras and stereos. TVs, media players and sound systems are examples of products that this industry distributes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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Methodology
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