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Musical Instrument & Supplies Stores in the US - Industry Market Research Report

Publisher IBISWorld
Published Apr 15, 2025
Length 39 Pages
SKU # IBSS20009390

Description

Musical Instrument & Supplies Stores in the US

The Musical Instrument and Supplies Stores industry has fallen out of tune as strong external competition has drowned out the sound made by independent stores. As large-scale retailers and online stores made their way into the musical equipment industry, accelerated by the pandemic, traditional brick-and-mortar retailers experienced revenue steadily fall over the past decade. Industry revenue is expected to fall at a CAGR of 2.9% to $5.2 billion in 2023, despite a dip of just 1.6% in the year.

The Musical Instrument and Supplies Stores 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.

Table of Contents

39 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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