2024 Sound Recording & Audio Production Studios Industry Statistics Report

Sound Recording & Audio Production Studios - Market Size and Industry Forecast

The 2024 Sound Recording and Audio Production Studios Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Sound Recording & Audio Production Studios industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Sound Recording & Audio Production Studios - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Sound Recording & Audio Production Studios companies in the United States.

Sound Recording & Audio Production Studios Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesSound Recording & Audio Production Studios
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Sound Recording & Audio Production Studios - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Sound Recording & Audio Production Studios - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Sound Recording & Audio Production Studios - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Postproduction services for av works - sound editing & design
Studio recording services for music clients
Other sound services for audiovisual works
Sound integration & synchronization
Studio recording services for radio material
Studio recording services for radio material - radio spots
Studio recording, including mixing of musical recordings
Studio recording services for spoken word clients
Studio recording, excluding mixing of musical recordings

Sound Recording & Audio Production Studios - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations12%


Top Executives5%
Chief Executives0%
General and Operations Managers5%
General and Operations Managers5%
Business and Financial Operations Occupations12%
Business Operations Specialists10%
Arts, Design, Entertainment, Sports, and Media Occupations43%
Entertainers and Performers, Sports and Related Workers11%
Actors, Producers, and Directors9%
Producers and Directors8%
Media and Communication Equipment Workers25%
Broadcast and Sound Engineering Technicians and Radio Operators24%
Audio and Video Equipment Technicians6%
Sound Engineering Technicians17%
Sales and Related Occupations6%
Office and Administrative Support Occupations20%
Other Office and Administrative Support Workers6%
Office Clerks, General5%
Office Clerks, General5%

Government Contracts

In the past, the federal government spent an annual total of $787,580 on the sound recording & audio production studios industry. It has awarded 65 contracts to 24 companies, with an average value of $32,816 per company.

Sound Recording & Audio Production Studios and Adjacent Industries - Top Companies

($ Millions)


Sound Recording & Audio Production Studios Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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