The Musical Instrument and Supplies Stores industry suffered in the five years to 2016. Poor economic conditions and marginal decreases in the number of adolescents, an important market segment, have driven down demand for the musical instruments and related industry products. Despite the industry's devastating performance over the past five years, IBISWorld forecasts that the Musical Instrument and Supplies Stores industry's revenue will grow in the five years to 2021.
This industry retails an extensive selection of musical instruments, sheet music and related supplies such as microphones, amplifiers and audio systems. These products are usually sold directly to end consumers. Many industry operators also repair and rent these products and provide music instruction.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.