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Audio Equipment Manufacturing in China Industry Data and Analysis
China is the largest production base for audio products in the world, and exports have been one of the main sources 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.Industry revenue is expected to total $29.1 billion in 2024, increasing 2.2% from the previous year. Overall, industry revenue has grown at a CAGR of 0.8% over the five years through 2024. Over the same period, exports decreased at a CAGR of 2.5%, largely due to decrease in international market demand and less competitiveness of China's products. Profit is estimated to account for 3.6% of total revenue in 2024.Competition in this industry is less intense than in other household appliance manufacturing industries. Technology and price are the most important factors to competition. There is limited brand loyalty in this industry, with a large number of unknown brands concentrated in low-end markets. Manufacturers tend to launch similar products to top brands, but sell them at much lower prices.Over the next five years, industry revenue is projected to grow at a CAGR of 1.6% to $31.5 billion in 2029. Meanwhile, exports are forecast to decrease 3.0% annually to $4.1 billion (12.9% of total revenue).The industry's performance will be somewhat constrained as traditional industry products continue to be substituted with other devices like smart phones, computers, DVD players, LCD TVs and new audio products. In particular, sales from radios, tape recorders, home theater equipment and portable music equipment will slow. However, the development of new intelligent products may have a stimulating effect on industry development in the next five years.
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What's included in this industry analysis
IBISWorld's research coverage on the Audio Equipment Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Audio Equipment Manufacturing industry in China operates under the industry code 4072. 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 smart speakers and earphones are excluded from this industry. Related terms covered in the Audio Equipment Manufacturing industry in China include turntable, playback and original equipment manufacturer (oem).
What's included in this industry?
Products and services covered in Audio Equipment Manufacturing industry in China include Automobile audio products, Portable music equipment and Audio system products.
What companies are included in this industry?
Companies covered in the Audio Equipment Manufacturing industry in China include Sony (China) Co., Ltd., Philips (China) Investment Co., Ltd. and Samsung (China) Investment Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Audio Equipment Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Audio Equipment Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Audio Equipment Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Audio Equipment Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Audio Equipment Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Audio Equipment Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Audio Equipment Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Audio Equipment Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Audio Equipment Manufacturing industry in China in 2026?
The market size of the Audio Equipment Manufacturing industry in China is $29.1bn in 2026.
How many businesses are there in the Audio Equipment Manufacturing industry in China in 2025?
There are 731 businesses in the Audio Equipment Manufacturing industry in China, which has declined at a CAGR of 0.6 % between 2020 and 2025.
How may import tariffs affect the Audio Equipment Manufacturing industry in China?
The Audio Equipment Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Audio Equipment Manufacturing industry in China?
The Audio Equipment Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Audio Equipment Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Audio Equipment Manufacturing industry in China has been growing at a CAGR of 0.8 % between 2020 and 2025.
What is the forecast growth of the Audio Equipment Manufacturing industry in China over the next 5 years?
Over the next five years, the Audio Equipment Manufacturing industry in China is expected to grow.
What are the biggest companies in the Audio Equipment Manufacturing industry in China?
The biggest companies operating in the Audio Equipment Manufacturing industry in China are Sony (China) Co., Ltd., Philips (China) Investment Co., Ltd. and Samsung (China) Investment Co., Ltd.
What does the Audio Equipment Manufacturing industry in China include?
Radio and Home theater equipment and component are part of the Audio Equipment Manufacturing industry in China.
Which companies have the highest market share in the Audio Equipment Manufacturing industry in China?
The company holding the most market share in the Audio Equipment Manufacturing industry in China is Sony (China) Co., Ltd..
How competitive is the Audio Equipment Manufacturing industry in China?
The level of competition is low and steady in the Audio Equipment Manufacturing industry in China.
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