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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - 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
prerecorded music prerecorded videos


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