Video and Sound Recording - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts
The 78-page 2023 Video and Sound Recording Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2014-2027.
This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Video and Sound Recording industry includes companies primarily involved in the production and distribution of motion pictures and sound recordings. While producers and distributors of motion pictures and sound recordings issue works for sale as traditional publishers do, the processes are sufficiently different to warrant placing companies engaged in these activities in a separate subsector. Production is typically complex process that involves several distinct types of companies that are engaged in activities, such as contracting with performers, creating the film or sound content, and providing technical postproduction services. Film distributions often to exhibitors, such as theaters and broadcasters, rather than through the wholesale and retail distribution chain.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:INDUSTRY SIZEIn 2022, industry sales were $138.4 billion
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INDUSTRY GROWTHOver the past 3 years, the industry has grown at an annual rate of 5.9%
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COMPANY GROWTHThere are 24,183 companies in the industry
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SALES PER COMPANYIn 2022, the average sales per company was $5.7 million
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INFLATION & PRICING2021 inflation was 0.9%
The report has historicals (2014-2022), 4 years of monthly figures, and 2023 & 5-year forecast
PROFITABILITYFor unprofitable companies, the average net loss is -12.4%
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RIGHTSIZING ANALYSISEmployee productivity is $408,762
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EXPENSE BENCHMARKING1.2% of expenses is spent on health insurance
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OPERATING EXPENSESIn 2022, industry operating expenses grew 17.1%
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PAYROLLIn 2022, payroll per employee was $65,548
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PAYROLL BY STATECalifornia averages $58,537 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS5.4% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGESThe average industry hourly pay for office and administrative jobs is $24.76
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The above stats represent a small fraction of what you will find in this report.
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NAICS CODE: 512