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The Retail Market for Musical Instruments - Industry Market Research Report

The Retail Market for Musical Instruments

Musical instrument retailers are cautiously optimistic, as operators have hit both sweet and sour notes over the past five years. Reduced disposable income caused revenue for The Retail Market for Musical Instruments industry to dip as consumers increasingly opted for lower-cost imports. At the same time, competition from big-box retailers increased substantially, creating a highly price-competitive environment that has hampered revenue growth for smaller operators. Nonetheless, industry growth is set to resume, thanks to a continued uptick in disposable income. In the medium-term, however, higher disposable income will be balanced by slow growth in leisure time, as the unemployment rate remains steady.

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 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 from this industry, as are musical instrument repairs and rentals.

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.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2017)
    • Table Industry Structure
  • Industry Performance
    • Table Per capita disposable income
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2017)
    • Table Major market segmentation (2017)
    • Table Business Locations 2017
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major players
    • Table Guitar Center Inc. (musical instrument retailing) - financial performance*
  • Operating Conditions
    • Table Capital intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs Growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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