CLEVELAND, Oct. 4, 2017 /PRNewswire/ -- US demand for audio and video equipment at the manufacturers' level is forecast to reach $27.8 billion in 2021, according to Audio & Video Equipment: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from rising disposable incomes levels, which will support increased expenditures on discretionary goods like audio and video equipment.
TVs will remain the largest product segment over the forecast period, with new product introductions driving gains. In particular, the introduction of new display technologies and features, such as OLEDs and 4K Ultra HD resolution are expected to spur replacement demand.
More information regarding this report is available here: https://www.freedoniafocusreports.com/Audio-Video-Equipment-United-States-FF90031/
These and other key insights are featured in Audio & Video Equipment: United States. This report forecasts US audio and video equipment demand in US dollars at the manufacturers' level to 2021. Total demand and shipments are segmented by product in terms of:
- headphones, microphones, and speakers
- automotive audio equipment
- other products
To illustrate historical trends, total demand, total shipments, the various demand segments, audio and video equipment PCE, and trade are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional consumer goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group