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Record Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Record Stores Market Research Report | NAICS 45122 | Dec 2014

Facing the music: Online sales and shifting trends continue to siphon industry demand

IBISWorld’s Record Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
-5.7%
Annual Growth 14-19
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Profit
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Employment
19,482
Businesses
4,206
Industry Analysis & Industry Trends

Continued shifts in consumer preferences and competition from large discount and digital music retailers have dampened consumer demand for the Record Stores industry. With increased accessibility to high-speed internet, music streaming and less expensive CD-burning hardware, album sales have declined significantly over the past five years. While consumer sentiment is expected to improve in the next five years, this industry will fail to experience revenue growth. Consumers who are accustomed to digital music are not likely to return to making regular purchases at record stores... purchase to read more

Industry Report - Industry Locations Chapter

As with most retail industries, the location of stores falls broadly in line with population trends in each US region. The Record Stores industry is largely concentrated in the Southeast and Mid-Atlantic regions, which account for 21.0% and 20.1% of total establishments, respectively. The US population of each region is 25.4% and 15.5%, respectively. The Southeast's share of the industry has been relatively low for its population size of 25.4% due to the region's older population. The number of establishments in the Southeast will remain relatively stable, though, since older populations are slower to adopt new ways of consuming music.

The percent of establishments located in the West and the Mid-Atlantic regions is higher than their respective populations... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Record Stores Industry?

Record stores primarily retail prerecorded audio and videotapes, compact discs (CDs), digital video discs (DVDs) and phonograph records. Online sales are excluded from this industry.

Industry Products
Compact Discs (CDs) and AudiotapesDigital Video Discs (DVDs)Vinyl
 
Industry Activities
Retailing prerecorded music Retailing prerecorded videos


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