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 | Dec 2014

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

IBISWorld’s The Retail Market for Musical Instruments market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
Purchase to read more
Profit
Purchase to read more
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 Analysis Chapter

Rising import penetration and price competition made musical instruments more affordable to consumers during the past five years, which expanded the Retail Market for Musical Instruments. However, a 0.6% 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 2014. As a result, revenue is expected to increase at an annualized rate of 0.7% to $6.7 billion over the five-year period. This includes a 1.5% expected boost to revenue from rebounding disposable income in 2014.

Competition undermines profitability

During the five years to 2014, import penetration into the manufacturing sector is anticipated to increase at a 3.2% annualized rate to make up about 30.0% of manufactured products... 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