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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 | Jan 2014

Facing the music: Brick-and-mortar stores get burned from online music sales

IBISWorld’s Record Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
-7.4%
Annual Growth 14-19
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Profit
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Employment
20,161
Businesses
4,051
Industry Analysis & Industry Trends

Though the economy is set to improve over the next five years, the Record Stores industry will not likewise improve. Competition from big-box stores and streaming music websites will continue to dominate the market for music, with consumers placing an emphasis on convenience and price. The overall increase in disposable income and consumer sentiment will help slow the industry's decline, and some record stores will establish online storefronts to supplement their revenue, but these factors will not stop the industry's downward slide... purchase to read more

Industry Report - Starting a New Business Chapter

Actual start-up costs for record stores are low because they require relatively little initial capital outside of renting or buying a location, purchasing goods, and if desired, security and sound systems. Though these costs appear many, they are low enough to allow nonemployers to open shops with minimal difficulty. The most prohibitive element of starting a record store is the low markup that stores charge to compete against online and big-box retailers. Competition has become the main and perhaps the only barrier to entry into this industry. Just as most retailers face increasing competition from online sales, the Record Stores industry faces the added threat of their goods being offered for free online... 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
prerecorded music prerecorded videos


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