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There literally must be tens of thousands. I read audio forums almost daily, and for many, many years now, and I am always frequently surprised by the mention of some new obscure brand I've never heard of before and what's surprising is people will have heard of it! Or even own the gear! Example: "I've got a pair of Sultanus Audio Firedragon III's powered by two Grandus monoblocks off a Sire Technologies DAC" I made that up, but honestly it wouldn't surprise me if people responded saying those random company names I invented there were actual audio companies out there somewhere. It seems just that oversaturated. It's crazy. How can there be soooooooo many audio companies?
It is a shame that the number of high end audiophiles/extreme music lovers is diminishing.
I dunno. It seems to me that the excesses of the high end audio industry might be largely responsible for that.