China's electronic audio market forecast in 2018

With the deepening of international industrial division and global layout, the strong support of relevant policies of the Chinese government and the continuous pulling effect of domestic demand, the Chinese audio product market has developed rapidly in recent years. At present, China has developed into the production and export of audio equipment in the world. Great country. After 30 years of rapid development, China's audio industry has made great progress. At present, China has developed into a major producer and exporter of audio equipment in the world.
Since 1999, the output value of China's major electronic audio products has grown at an average rate of more than 30% per year. By 2006, the market scale had reached 206.9 billion yuan. However, due to the combination of increased labor costs, rising raw material prices, and fluctuations in the RMB exchange rate, the growth rate of output value of China's major electronic audio products has slowed down since 2006. Before 2014, the industry was generally in a low-speed adjustment period. In 2014, due to the recovery of the international market and the rapid growth of China's residents' income and online retail sales, the domestic and international markets have achieved good development and the industry's recovery situation is obvious.
According to the "2017-2022 China Electronic Audio Industry Market Prospects and Investment and Financing Strategy Research Report" issued by the China Business Research Institute, the size of China's major electronic audio market in 2016 is about 274.1 billion yuan. In 2017, China's electronic audio market will reach 2941 billion yuan, by 2018 China's electronic audio market is expected to exceed 300 billion yuan.

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