The Retail Market for Audio Equipment in the US

Driven by a rebound in disposable income and housing, the Retail Market for Audio Equipment is expected to expand 0.3% in 2013 to $20.2 billion.

During the year, the number of households is estimated to increase 1.1%, which represents an addition of 1.3 million households to a consumer base ripe for new audio equipment such as surround sound systems or soundbars for their new home. Disposable income is expected to gradually grow, with 0.8% expansion expected in 2013.

Despite recent growth in the industry, a dip in disposable income during the Great Recession resulted in a 12.1% drop in 2009 revenue, according to IBISWorld industry analyst Deonta Smith. Gradual growth has not been strong enough to counter that deficit, with a 0.1% annualized decrease in disposable income expected for the five years to 2013. Consequently, IBISWorld estimates a 1.9% five-year annualized decrease in industry revenue since 2008.

Los Angeles, California (PRWEB) July 19, 2013
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