China is the largest production base for audio products in the world, and exports have been the main source of industry revenue for decades. However, with rising incomes and cheaper products on the market, domestic demand has been increasing steadily to become the major source of industry revenue.
In 2014, revenue for the Audio Equipment Manufacturing industry in China is expected to grow 0.6% to $19.2 billion with an annualized growth rate of 2.6% over the past five years. Over the same period, exports increased at an annualized rate of 3.7%, largely due to growing international market demand and increasing competitiveness of China's products.
This industry manufactures a variety of audio equipment including: radios, MP3 players, karaoke machines, sound recorders, home theater equipment, automobile audio systems, telephone answering machines and dictation recording devices.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.