Industry Analysis & Industry Trends
After contracting slightly in 2010, the Retail Market for Musical Instruments has grown steadily, if moderately, over the past several years. The market has also experienced a surge of new entrants; though traditionally dominated by small brick-and-mortar locations, online retailers and big-box stores are increasingly offering industry products. However, the increase in market participants, coupled with rising penetration of low-cost imports, has exacerbated price competition and prevented growth in the industry's profit margins. Still, rising disposable income over the next five years will encourage budding musicians to purchase industry products, as well as enable experienced players to invest in higher-margin instruments.... purchase to read more
Industry Report - Industry Locations Chapter
The spread of establishments within the Retail Market for Musical Instruments falls roughly in line with the spread of the overall population in the United States. A greater number of residents in an area can lead to a stronger demand for musical instrument purchases. Additionally, brick-and-mortar establishments that operate in a specific, heavily populated region may also operate their online musical instrument retailing establishment.
In 2014, musical instrument retailing establishments will be most highly represented in the Southeast, West and Great Lakes regions. The Southeast will account for the highest share of establishments at roughly 24.3%. This region also holds the highest share of the US population at about 25.4%... purchase to read more