The home theater design market, like nearly all home-related service industries, has been negatively affected by the economic downturn
Novato, CA (PRWEB) September 21, 2009
Goldline Research has recently completed an evaluation of home theater designers in the United States. The survey revealed that the home theater industry has been severely impacted by the current economic recession. This research was compiled from data collected between June 2009 and early September 2009.
"The home theater design market, like nearly all home-related service industries, has been negatively affected by the economic downturn," said Ryan Kluft, President, Goldline Research. "Much of the growth that the industry experienced in the middle part of this decade was the result of the loose lending policies promoted by financial institutions in the form of no-cost and low-cost home equity loans and other financing. As a result of the tightening of lending standards, consumers have lost access to credit, which has significantly reduced consumer demand for home theater design services."
Goldline Research's report reveals the following about the typical home theater design firm:
Median Years of Experience: 15.5 years
Median Years in Business: 8.5 years
Median # of Clients: 400
Median # of Installers: 3
Median # of Total Staff: 5
Median # of Product Manufacturers Represented: 30
Median Client: Staff Ratio: 67:1
Median Client: Installer Ratio: 100:1
"We estimate that there are approximately 20,000 home theater design firms in the United States," added Mr. Kluft. "The difficult economic conditions are causing an industry shakeout that will take several years to fully resolve itself. However, as we look past the current challenges, it is clear that more robust demand for home theater-related technologies and services will return as consumers seek to improve their lifestyles and recreate movie theater-like experiences in the home."
Additional information is available in the Goldline Research report entitled "2009 Research Findings Report - Home Theater Design - United States". This report provides a comprehensive overview of the home theater design market in the United States and is designed to provide both consumers and home theater design professionals and firms with key industry benchmarks and market trends.
About Goldline Research
Goldline Research is a leading marketing and information services company. Goldline Research's mission is to empower consumer choice by identifying leading professional services providers. Goldline Research has evaluated professional services firms and providers throughout the United States using a rigorous, proprietary research methodology. The company has helped thousands of consumers find high quality service providers. Goldline Research was recently named to the 2009 Inc. 5000 list of the fastest growing privately-held companies. Founded in 2004, Goldline Research is headquartered in Novato, California. For more information, please visit http://www.goldlineresearch.com.
rkluft (at) goldlineresearch (dot) com