Sales of Audio Products on the Rise, Study Shows

Jul 1, 2002 12:00 PM, Editors

Polls


Mix Regional

The Mix Regional section for Mix's September 2014 issue focuses on Miami. Send us your studio news: updates, sessions, new rooms, plus club performances and installations. Let the Mix audience know what is going on! Send photos and descriptions to mixeditorial@nbmedia.com.

Manufacturer-to-dealer sales of audio products grew to more than $579 million during April 2002, an increase of 7% compared to the same period in 2001, according to the Consumer Electronics Association (CEA).

Increased dollar sales of systems and aftermarket auto-sound products were largely responsible for the overall increase, according to CEA; aftermarket auto-sound products increased by more than 21% to $201 million and dollar sales of systems increased by 18% to $145 million. Year-to-date sales of aftermarket auto-sound also increased to nearly 9% over 2001 to $783 million.

"Overall, the conversion to CD in the car is continuing to drive the aftermarket audio category and the audio category as a whole," said Sean Wargo, senior industry analyst for CEA. "With manufacturer-to-dealer sales reaching $109.6 million during April, in-dash CD players are the largest audio category in terms of revenue. With it, healthy interest in better sound through speaker upgrades and amps is growing the aftermarket sector."

In fact, sales of power amps increased during Apriil by nearly 20% to $31 million, according to CEA, and manufacturer-to-dealer sales of flushmount speakers increaseed by 25% to $19 million; the biggest push seemed to come from 6 1/2-inch speakers. Separate bass speaker sales also were on the rise during April, posting gains of 44% to $13.5 million, due predominately to sales of 12-inch woofers, according to CEA.

Wargo said, "Despite an overall drop in year-to-date audio sales, the long-term outlook for the audio industry remains optimistic as consumers enjoy all of the benefits digital audio has to offer."

All the data cited is available for purchase through CEA's Market Activity Reports and Analysis (MARA) program.

Visit CEA online at www.CE.org.






Acceptable Use Policy
blog comments powered by Disqus

Mix Books

Modern Recording and Mixing

This 2-DVD set will show you how the best in the music industry set up a studio to make world-class records. Regardless of what gear you are using, the information you'll find here will allow you to take advantage of decades of expert knowledge. Order now $39.95

Mastering Cubase 4

Electronic Musician magazine and Thomson Course Technology PTR have joined forces again to create the second volume in their Personal Studio Series, Mastering Steinberg's Cubase(tm). Edited and produced by the staff of Electronic Musician, this special issue is not only a must-read for users of Cubase(tm) software, but it also delivers essential information for anyone recording/producing music in a personal-studio. Order now $12.95

Newsletters

MixLine

Delivered straight to your inbox every other week, MixLine takes you straight into the studio, with new product announcements, industry news, upcoming events, recent recording/post projects and much more. Click here to read the latest edition; sign up here.

MixLine Live

Delivered straight to your inbox every other week, MixLine Live takes you on the road with today's hottest tours, new sound reinforcement professional products, recent installs, industry news and much more. Click here to read the latest edition; sign up here.

[an error occurred while processing this directive]

The Wire, a virtual press conference offering postings of the latest gear and music news, direct from the source. Visit the The Wire for the latest press postings.