SEARCH   
MEMBER LOGIN    

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 | Jul 2016

Mixed tunes: Revenue will rise, but the industry will contend with rising import competition

IBISWorld’s The Retail Market for Musical Instruments market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Guitar Center Inc. Guitar Center Inc. market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
0.4%
Annual Growth 16-21
Purchase to read more
Profit
Purchase to read more
Employment
34,814
Businesses
12,165
Industry Analysis & Industry Trends

Rising price competition made musical instruments more affordable to consumers during the past five years, which expanded the Retail Market for Musical Instruments industry. 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 Analysis Chapter

Rising price competition made musical instruments more affordable to consumers during the past five years, which expanded the Retail Market for Musical Instruments. However, a 0.3% annualized decrease in the industry's core market of adolescents aged 10 to 19 has resulted in tepid revenue growth over the five years to 2016. As a result, revenue is expected to increase at an annualized rate of 0.4% to $5.7 billion over the five-year period... 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


View Sample
Quote
Select Clients