$28.0bn
$X.Xbn
330k
741
$X.Xbn
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 has grown at a CAGR of 1.2% over the past five years, to reach an estimated $28.0bn in 2022.
Company
2022 | Market Share (%)
2022 | Revenue ($m)
2022 | Profit ($m)
2022 | Profit Margin (%)
2022 |
---|---|---|---|---|
Sony China | ||||
Philips Electronics China BV | ||||
Samsung Electronics Co., Ltd. |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Automobile audio products, Portable music equipment and Audio system products. Automobile audio products is the largest segment of the Audio Equipment Manufacturing in China.
<B>Automobile audio products</B>
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.
Purchase this report to view all 5 major companies in this industry.
4072 - Audio Equipment Manufacturing in China
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
World demand. Exports have been the main driving force behind industry revenue growth in recent years. Many domestic players export stock to foreign markets. Therefore, when w...
Learn about an industry's products and services, markets and trends in international trade.
<B>Automobile audio products</B>
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Guangdong is expected to account for 56.8% of industry revenue in 2022, with Jiangsu, Tianjin and Shanghai making up 10.0%, 5.0% and 4.6% of revenue, respectively. Over the ye...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Develop engaging new products. Enterprises launch many new products each year. New products with innovative functions are important to attracting customers.
Learn about the performance of the top companies in the industry.
Established in 1996, Sony (China) Ltd. is responsible for the business activities of Sony in China including investment, product promotion, after-sales service and macro-manag...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Administrative Provisions on China Compulsory Certification was published by the Certification and Accreditation Administration of the People's Republic of China in 2001 to im...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Audio Equipment Manufacturing industry in China is $28.0bn in 2022.
There are 741 businesses in the Audio Equipment Manufacturing industry in China, which has declined at a CAGR of -0.5% between 2017 and 2022.
The market size of the Audio Equipment Manufacturing industry in China has been at a CAGR of 1.2% between 2017 and 2022.
The Audio Equipment Manufacturing in China market is forecast to over the five years from 2022 to 2027
The biggest companies operating in the Audio Equipment Manufacturing market in China are Sony China, Philips Electronics China BV and Samsung Electronics Co., Ltd.
Radio manufacturing and Home theater equipment and component manufacturing are part of the Audio Equipment Manufacturing industry.
The company holding the most market share in China is Sony China.
There are 330k employed in the Audio Equipment Manufacturing industry in China 2022.