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Sheet Music Publishers in the US: Market Research Report

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

Sheet Music Publishers Market Research Report | Consumer Goods & Services | Book Publishing & Broadcasting | Aug 2015

Out of tune: Competition from free digital sheet music will contribute to industry's decline

IBISWorld’s Sheet Music Publishers 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
Alfred Music Publishing Alfred Music Publishing market share
Hal Leonard Hal Leonard market share
Industry Statistics & Market Size
Revenue
$246m
Annual Growth 10-15
-4.2%
Annual Growth 15-20
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Profit
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Employment
749
Businesses
137
Industry Analysis & Industry Trends

Competition from free digital substitutes and self-publlishing platforms has diminished Sheet Music Publishers industry revenue over the past five years. Limited goverment funding for the arts has further contributed to this decline, as music educators have reduced purchases of industry products amid budget constraints. Although the industry's move to begin selling digital sheet music has mitigated its overall decline, the internet will also continue to constrain the industry's growth potential by enabling the sharing of pirated sheet music. These trends are expected to continue over the next five years, contributing to further decreases in industry revenue.... purchase to read more

Industry Report - Industry Key Buyers Chapter

This industry is moderately concentrated because several companies have acquired the rights to extensive sheet music collections. Concentration significantly increased when Alfred Music Group acquired Warner Music Publishing in 2005. Since then, concentration has increased predominantly among midsize players. IBISWorld expects these major entities to continue mitigating a declining market by acquiring smaller, profitable competitors in the next five years. Major players in this industry tend to own numerous smaller labels and publishers called imprints that vary by genre... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sheet Music Publishers Industry?

This industry primarily publishes sheet music, songbooks and digital sheet music. Educators, students, musicians and hobbyists use the industry’s products. Revenue generated from sheet music published exclusively in digital format is excluded from the industry.

Industry Products
Classical sheet musicChristian sheet musicChildren's sheet musicHoliday sheet music Other music
 
Industry Activities
Converting sound clips to sheet musicEditing sheet music and similar productsDesigning sheet music, books, folios and other productsMarketing sheet music and other products


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