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Sheet Music Publishers - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 29 pages

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Out of tune: Competition from free digital sheet music will contribute to the industry's decline



Abstract

Sheet Music Publishers

Over the past five years, competition from free digital substitutes and self-publishing platforms has considerably reduced demand for the Sheet Music Publishers industry. Moreover, while online retailers now account for a considerable share of sheet music sales, such platforms have enabled consumers to shop around for the least expensive sheet music, hampering industry revenue. Limited government funding for creative arts has further contributed to revenue declines, with limited appropriations toward music programs driving down educator spending on sheet music. Consequently, over the five years to 2016, industry revenue is expected to fall. As disposable incomes and economic conditions rebound in the next five years, demand for price-premium sheet music is projected to climb. However, factors such as increased digital music accessibility will hamper print sales. However, healthier state and local government budgets will mitigate the industry's slide as music programs have more resources to invest in industry products.

This industry primarily publishes sheet music, songbooks and digital sheet music. Educators, students, musicians and hobbyists use the industry’s products. Revenue generated from sheet music published exclusively in digital format is excluded from the industry.

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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