Overview

Out of tune: Competition from free digital sheet music will contribute to the industry's decline

IBISWorld’s Sheet Music Publishers 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

Industry Threats & Opportunities

  • Limited government funding for creative arts has contributed to industry revenue declines
  • Online stores have grown increasingly popular and are now primary clients for most publishers
  • Easier access to legitimate sheet music online will facilitate industry sales

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    Industry Analysis & Industry Trends

    Over the past five years, competition from free digital substitutes and self-publishing platforms has considerably reduced demand for the Sheet Music Publishers industry. Moreover, while online retailers now account for a considerable share of sheet music sales, such platforms have enabled consumers to shop around for the least expensive sheet music, hampering industry revenue. Limited government funding for creative arts has further contributed to revenue declines, with limited appropriations toward music programs driving down educator spending on sheet music. Consequently, over the five years to 2016, industry revenue is expected to fall. As disposable incomes and economic conditions rebound in the next five years, demand for price-premium sheet music is projected to climb...

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    Industry Report - Industry Locations Chapter

    Sheet music publishers are concentrated in several major cities throughout the United States, where they house most staff for proximity to artists and major music hubs. Companies are also concentrated near where university publishing houses with similar distribution circuits are located. The localization in highly populated areas also cuts costs on book delivery, enabling sheet music publishers to earn greater profit. The West region has the largest share of sheet music publishers at 34.7% of the total because it includes the biggest sheet music publishing houses. California is host to the majority of sheet music publishers due to its strong music scene, with New York comprising the second-largest share. Sma..

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    Additional Insights for the Sheet Music Publishers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sheet Music Publishers Industry are

  • Management of a high-quality assets portfolio
  • Protection of intellectual property/copyrighting of output
  • Having a wide and expanding product range
  • IBISWorld analysts also discuss how external factors such as Demand from musical instrument and supplies stores and Federal funding for creative arts in the Sheet Music Publishers industry impact industry performance..

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    Industry Products

    What is the Sheet Music Publishers Industry?

    This industry primarily publishes sheet music, songbooks and digital sheet music. Educators, students, musicians and hobbyists use the industry’s products. Revenue generated from sheet music published exclusively in digital format is excluded from the industry.

    Industry Products
    Music collections
    Individual pieces
    Industry Activities
    Converting sound clips to sheet music
    Editing sheet music and similar products
    Designing sheet music, books, folios and other products
    Marketing sheet music and other products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from musical instrument and supplies stores
  • Federal funding for creative arts
  • Per capita disposable income
  • Percentage of services conducted online
  • Time spent on leisure and sports

  • Current Performance
  • Performance and profit
  • Demographics and distribution
  • Declines from digital
  • Dwindling demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Digital transition eases profit pressure
  • Contracting market
  • Budgets improve
  • Table: Sheet Music Publishers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sheet Music Publishers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Educational Services
  • Religious Organizations
  • Wholesale electronic markets and agents and brokers
  • Consumers

  • Key Selling Industries
  • Audio Production Studios
  • Ink Manufacturing
  • Paper Wholesaling
  • Performers & Creative Artists
  • Printing

  • Products & Services
  • Music collections
  • Individual pieces
  • Chart: Sheet Music Publishers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Musical instrument and supply stores
  • Nonstore retail and direct sales
  • Other
  • General Merchandise stores
  • Chart: Major Market Segmentation for the Sheet Music Publishers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Sheet Music Publishers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sheet Music Publishers Industry

  • Industry Globalization
    Major Companies
    Hal Leonard CorporationAlfred Music Publishing
  • Table: Hal Leonard Corporation - financial performance
  • Table: Alfred Music Publishing - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sheet Music Publishers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Sheet Music Publishers Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Federal Funding for Creative Arts (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Digital Rights Management (Drm)
  • Limitations on the use of digital content and relative devices.
  • Folio
  • A collection of a variety of sheet music.
  • In-House
  • Performing an activity within a company as opposed to outsourcing it.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sheet Music Publishers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sheet Music Publishers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sheet Music Publishers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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