Can Pro AV Industry Sales Maintain Record Numbers as U.S. Economy Slows Down?

Not every industry has been blessed with a recovery in 2022. For the Pro AV industry, though, it seems it’s won good favor with the larger trends shaping the market and B2B sales this year. According to a recent Pro AV Index report from AVIXA, Pro AV industry sales from October 2022 were averaging out around 65.1 on the organization’s sales index; this is up .7 points from September and the same YoY. A little less than half of surveyed businesses showed sales remained unchanged from the month before, but around 40% claimed they’ve seen an increase of 5% or more in sales in the span of a month.

November numbers brought that optimistic index number down to 57.0, a sharp decline in line with economy-wide slowdowns and layoffs. But if overall trends hold and the year closes out with sales averages around October’s numbers, then Pro AV industry sales, and the AVIXA sales index, will land at their highest average year of all time.

Unfortunately, other metrics from the Pro AV Business Index show the Pro AV industry slightly struggling, even with sales growth. AVIXA’s employment index shows both MoM and YoY, employment numbers are slightly down, with AV leaders calling out supply backlogs as one of the main inhibitors to hiring capacity and general financial stability. However, AVIXA calls this employment index to dip a “modest” decline, comparing the 61.2 October number to similar pre-pandemic levels.

Peter Hansen, economic analyst at AVIXA, gives his brief analysis of the factors at play that are shaping up Pro AV industry sales to hit a record high.

Peter’s Thoughts

“Tech industry layoffs and record growth in the professional audio visual industry are two sides of the same coin. Pandemic distancing was a financial windfall for most online of solution areas, but an immersive experience with family, friends, and community has enduring value. That’s why 2022 has been the year of the return.

High-quality, in-person AV is back while tech companies do a little bit of right-sizing. AVIXA’s Pro AV Business Index shows record growth in both sales and employment. It’s been a great year so far, and it’s not over yet.”

Follow us on social media for the latest updates in B2B!



innovations in healthcare
Innovations in Healthcare: A Discussion with Dr. Craig Joseph at HIMSS 2024
May 24, 2024

Innovations in healthcare were easy to spot at the recent HIMSS 2024 conference. Healthcare Rethink’s Brian Urban caught up with one of those innovators for a live discussion at HIMSS 2024. podcast, Their conversation opens a window and dialogue into the cutting-edge trends reshaping healthcare technology today. This episode features Dr. Craig Joseph, the…

Read More
Preventing burnout
Achieving Professional Growth and Preventing Burnout: The Importance of Time Management and Support Networks in a Fast-Paced World
May 23, 2024

In today’s fast-paced world, balancing professional growth with personal well-being is more crucial than ever. With the rise of remote work, digital transformation, and the constant hustle culture, finding this balance has become a significant challenge for many. A survey conducted by Deloitte suggests that a whopping 77% of professionals experience burnout at work….

Read More
Fan-Centric Business Transformation
Prop Room
May 23, 2024

In this episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, shares with us that in the vibrant world of marketing, creativity knows no bounds—a philosophy embodied by a prop room and studio teeming with eclectic costumes and outlandish ideas. This creative hub, seemingly disconnected from conventional themes like bananas,…

Read More
Ace Gardner and Jacob Lewis discuss NIL Deals and Transfer Portals
NIL Deals and Transfer Portals are Also Impacting College Staff and Their Roles
May 23, 2024

College sports is undergoing a significant transformation with the advent of Name, Image, and Likeness (NIL) rights and the increasing prevalence of transfer portals. These changes are reshaping how college staff operate, presenting both opportunities and challenges. With the rise of NIL deals and transfer portals, understanding the behind-the-scenes impact on college coaching staff…

Read More