By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Factory-level sales of custom-installed audio products rose in May by 24 percent, offsetting an early-year downturn to help lift year-to-date sales by 11 percent to $158 million, Consumer Electronics Association (CEA) statistics show.
In units, factory-level sales rose in May by 20 percent, with year-to-date sales rising 6 percent to 1.7 million units.
The year got off to a slow start in January, when shipments fell almost 20 percent in units and 17 percent in dollars.
For the month and year-to-date, almost all categories showed growth, with the greatest growth contributor being architectural speakers, CEA said. In-ceiling speakers in particular posted strong growth, with year-to-date unit sales up 50 percent to 500,000 units, and dollars up 46 percent. "It looks like the market is finally accepting this as a viable option," said a CEA spokesman.
This year's data includes sales reported by a growing number of custom-oriented manufacturers, CEA noted.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.