Musical Instrument & Supplies Stores in the US - Industry Market Research Report
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.
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
Pricing
Currency Rates
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