The Retail Market for Musical Instruments in the US: Market Research Report

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

The Retail Market for Musical Instruments Market Research Report | Retail Market Reports | The Retail Market for Leisure Goods | Feb 2013

Staying in tune: Rising imports will pressure profit, while higher incomes spur modest growth

IBISWorld’s The Retail Market for Musical Instruments market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Guitar Center Inc. Guitar Center Inc. market share
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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Industry Analysis & Industry Trends

Musical instrument retailers are increasingly optimistic as consumers buy items that they delayed purchasing during the recession. Following the collapse of the US economy, reduced disposable income caused industry revenue to dip 0.7% in 2010 as consumers substituted toward cheap imported instruments. As a result, import penetration into the manufacturing sector spiked 9.3% in 2010, and it is estimated to rise at a 1.7% annualized rate in the five years to 2013. At the same time, however, a higher quantity of musical instruments encouraged retailers to stock and display them, which ultimately boosted industry sales over the past five years. Revenue is forecast to rise at a 1.2% annualized five-year rate to $6.7 billion in 2013, including a 4.4%.... purchase to read more

Industry Report - Industry Products Chapter

The musical instrument retailing industry sells a wide variety of musical instruments, as well as general instrument parts, components and accessories.

Pianos and organs

Pianos are estimated to capture about 24.0% of industry revenue in 2013. Of this segment, grand pianos account for an estimated 38.4% of the total piano market, followed by digital and electric pianos for a combined 44.6% and vertical pianos at 17.0%. IBISWorld estimates that the pianos and organs product segment's share of industry revenue has been slowly declining in the five years to 2013.

Sales of grand pianos are down, which can be attributed to the recession as well as changing consumer tastes... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the The Retail Market for Musical Instruments Industry?

Companies in this industry sell musical instruments, such as guitars and pianos, and may also generate revenue from products sold alongside instruments, like sheet music or CDs. This report shows the size of the retail market for instruments and includes all major retail channels, including specialty stores, general merchandisers and e-retailers. Sales of audio and video equipment like amplifiers and microphones are excluded in this industry, as are musical instrument repairs and rentals.

Industry Products
PianosOrgansViolins, drums, guitars and other instrumentsSheet musicOther goods (includes tapes, CDs and audiobooks)
Industry Activities
Guitar retailingPiano and organ retailingDrum retailingOnline retailing of musical instruments

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