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 2015

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

The Record Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 SWOT Analysis Chapter

Industry participants are adversely affected by consumer shopping trends in favor of big-box, online retailers and an increase in the popularity of online streaming services. Over the 10 years to 2020, the industry's contribution to the overall economy or the industry value added (IVA) is expected to decrease at an annualized rate of 7.3% while GDP grows 2.2% during the same period. Diminishing demand for CDs, reduced consumer spending and increasing pressure on prices has led to a significant decline in the number of businesses and store branches over the five years to 2015. These same pressures may subside a bit with the economy's recovery; however, the underlying issues faced by record stores will continue to exist... 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, records, tapes & audio booksDigital Video Discs (DVDs) and video tapesToys, hobby goods & games
Industry Activities
Retailing prerecorded music Retailing prerecorded videos

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