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

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

  • May 2020 •
  • 34 pages •
  • Report ID: 198933 •
  • Format: PDF
Tuned out: Heightened external competition will continue to threaten industry revenue

Abstract

Musical Instrument & Supplies Stores in the US
The Musical Instrument and Supplies Stores industry has been out of tune over the five years to 2019. Despite increasing consumer confidence and per capita disposable income amid economic growth, the industry’s revenue has declined. Over the past five years, heightened external competition, especially from mass merchandisers, caused industry revenue to decline. The industry’s outlook is anticipated to follow in line with the current period, with revenue declining slightly over the five years to 2024. Demand for industry services is expected to decline as consumers continue to use online services.

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.
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