1. Market Research
  2. > Leisure
  3. > Musical Instrument Market Trends

The Retail Market for Musical Instruments - Industry Market Research Report

  • June 2017
  • 32 pages
  • Ibisworld
Report ID: 1156768

Summary

Table of Contents

Search Inside

Crescendo: Revenue will rise, but the industry will contend with rising import competition

Abstract
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.

MAJOR COMPANIES
- Guitar Center Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

The 2018-2023 World Outlook for Non-electronic Bassoons, Clarinets, English Horns, Flutes, Oboes, Pan Flutes, Piccolos, Recorders, Saxophones, and Other Woodwind Musical Instruments

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for non-electronic bassoons, clarinets, English horns, flutes, oboes, pan flutes, piccolos, recorders, saxophones, and other woodwind musical instruments across more ...

The 2018-2023 World Outlook for Mouthpieces, Music Stands, Strings, and Other Musical Instrument Parts and Accessories Sold Separately Excluding Strings for Non-electronic Pianos, Benches, and Instrument Cases

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for mouthpieces, music stands, strings, and other musical instrument parts and accessories sold separately excluding strings for non-electronic pianos, benches, and ...

The 2018-2023 World Outlook for Non-electronic Banjos, Basses, Cellos, Harps, Harpsichords, Guitars, Violas, Violins, and Other String and Fretted Musical Instruments

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for non-electronic banjos, basses, cellos, harps, harpsichords, guitars, violas, violins, and other string and fretted musical instruments across more than 190 countries. ...


Download Unlimited Documents from Trusted Public Sources

Musical Instrument Industry in Europe and Switzerland

  • July 2017
    8 pages
  • Musical Instrum...  

    Wood  

  • Europe  

    Switzerland  

    United Kingdom  

View report >

Musical Instrument Exports in China

  • June 2017
    4 pages
  • Musical Instrum...  

  • China  

    Asia  

View report >

Wood Industry in Europe - Forecast

  • March 2017
    9 pages
  • Wood  

    Musical Instrum...  

  • Europe  

    Mexico  

    World  

View report >

Related Market Segments :

Musical Instrument

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.