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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 | Dec 2014

Out of tune: Industry will contend with rising import competition and shrinking target market

The The Retail Market for Musical Instruments 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
Guitar Center Inc. Guitar Center Inc. market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 09-14
0.7%
Annual Growth 14-19
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Profit
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Employment
38,432
Businesses
13,139
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 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 2014. 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 2014.

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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