Industry Analysis & Industry Trends
The Audio Visual Electronic Equipment Manufacturing industry has endured difficult conditions headlined by increasing import competition over the five years through 2012-13. Low cost producers across Asia combined with anaemic demand stemming from the global financial crisis have resulted in a declining industry. Industry revenue has fallen by a compound annual rate of 3.2% over the five years through 2012-13 as producers continuously move production offshore in order to capture greater profit margins through lower wage and capital cost manufacturing. Falling consumer and business sentiment due to the financial crisis also affected key downstream retailing industries and subsequently reduced demand for manufacturing... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry remain high in the Audio Visual Electronic Equipment Manufacturing industry. Industry participants require a high amount of start up capital to be able to compete, as factories, various levels of machinery and inputs are required. Prospective participants also require a large amount of cash flow, as input and wage costs are high before receiving returns on sales.
The industry is also highly competitive, prospective participants having to compete with domestic brands with established reputations and contracts as well as international competitors who generally are able to produce at lower prices... purchase to read more