The market is dominated by foreign suppliers, as imports account for 69.9% of total market size in 2022. Households drive market demand, with household spending representing 61.9% of total demand in 2022. The US has the largest market size for television and radio receivers, sound and video recording devices across the top 20 developed countries, with demand reaching USD106 billion in 2022. Harman International Industries Inc is the largest company in the US, generating 28.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 54.0% of total production value in 2022. The total number of companies decreases in 2022, to 1,792 units. The costs of the industry increase by 3.7% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 2.9% of production value in 2022, the 19th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 16.5% of total production output. With production value of USD11.9 billion, the US accounts for 86.2% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in the US: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in the US: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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