Musical Instrument Stores Industry
Insights from D&B Hoovers

Industry Overview

Description

Companies in this industry sell new musical instruments, sheet music, and related supplies from physical retail locations; some also offer musical instrument repair, rental, and music instruction. Major companies include Guitar Center, Sam Ash Music, and Numark (all based in the US), as well as Shimamura Music and Yamano Music (both based in Japan), and Thomann (Germany).

Competitive Landscape

Consumer income and changes in musical tastes drive demand for musical instruments. The profitability of individual companies depends on effective merchandising. Large companies have economies of scale in purchasing and marketing. Small companies can compete effectively by specializing in personalized service or high-end instruments. The US industry is concentrated: the 20 largest companies account for about half of industry revenue.

Products, Operations & Technology

Major products include guitars, pianos, sound equipment, parts and accessories, and school music products, such as wind instruments. Other sources of revenue include repairs, equipment leasing, and sheet music.

Geographic Segmentation

See where the Musical Instrument Stores industry is concentrated geographically and research companies by financials and key corporate data.

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