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Musical Instrument Stores – Industry Analysis, Statistics, Trends, and Forecasts

SIC 5736  |  NAICS 451140

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts


Musical Instruments & Supplies Stores  (view report)
Retail Market for Musical Instruments  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Timeless Communications Corp.
Musical Merchandise Review
https://mmrmagazine.com/

Monthly trade journal features news and information for music products dealers and distributors, with special features including monthly "Roundtable" and "Dealer Survey" reports which cover a variety of products and accessories and the "America's Top Chains" and "50 Dealer/50 State" reports included in the December year-end review issue. Selected issues of the publication can be viewed free online.


National Association of Music Merchants
NAMM Global Report
https://www.namm.org/

Annual report provides U.S. retail sales data for twelve product markets (e.g., fretted products, brass, woodwind, and stringed instruments, pianos and organs, portable keyboard, percussion, and general accessories), with sales data provided for each market including retail value, market share, and units sold. Summary overview, table of contents, and selected data from this report is available free online.


Music Trades Corporation
Publications available from this organization include:

The Music Trades
https://www.musictrades.com/
Monthly trade publication features news and information for retailers, distributors, and manufacturers of music and audio products, with special reports including "The Retail Top 200" which ranks the top U.S. music retailers by annual sales, "The Music Industry Census" which provides retail statistics for 55 product categories, and the "Quarterly Retail Sales Report" which analyzes quarterly retail trends.

The Retail Top 200
https://www.musictrades.com/
Annual report ranks the top U.S. retailers by sales volume, with information provided for each retailer including five-year sales history with year-over-year comparisons, sales per store and per employee, number of store locations and employees, products types sold, chief executive officer, and complete contact information. Alphabetical list of U.S. retailers included in the report can be viewed free online.

The Music Industry Census
https://www.musictrades.com/
Annual report provides detailed retail sales data for music and sound equipment by product category, with data provided for each category including unit volume and dollar value of products sold over the over the last ten years, average unit selling price, and retail and wholesale margins. Complete list of the 55 product categories covered in the report and sample category data can be viewed free online.

Quarterly Retail Sales Report
https://www.musictrades.com/
Quarterly report provides retail sales data for music and sound equipment based on a survey of over a thousand U.S. retailers, with quarter-to-quarter comparative data provided for over sixteen product categories (e.g., fretted instruments, amplifiers, recording equipment, and accessories) on a national and regional basis. Full list of the product categories covered by the report can be viewed free online.


BizMiner
Musical Instruments & Supplies Stores Market Analysis
https://www.bizminer.com  Search for "451140"

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.


More Resources
For more industry research reports and other resources, see the following resource guide.

Financial Statements and Financial Ratios


BizMiner
Industry Financial Ratios
Musical Instruments & Supplies Stores
https://www.bizminer.com  Search for "451140"
Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:
Sample reports on a national and metropolitan area level are available free online.

IBISWorld
Musical Instruments & Supplies Stores
(see links for individual reports)

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of the annual revenue for establishments that sell musical instruments, sheet music, and related supplies (e.g., audio equipment, components, parts, and accessories) to consumers and may also provide rental, repair, and maintenance services and private music lessons and instruction.



Compensation and Salary Surveys


PayScale, Inc.
Musical Instrument Stores
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as general manager, sales manager, store manager, assistant store manager, sales clerk, customer service manager, and musical instrument repair technician, with employers for which salary or hourly rate data is provided including Guitar Center Inc., Sam Ash Music Corp., and Sweetwater Sound, Inc.


U.S. Bureau of Labor Statistics
Sporting Goods, Hobby, and Musical Instrument Stores
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for job titles in this retail sector which includes companies that sell musical instruments, sheet music, and related supplies (e.g., audio equipment, components, parts, and accessories) to consumers and may also provide rental, repair, and maintenance services and private music lessons and instruction.



Business Valuation Resources


BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



Related Industries:
Audio and Video Equipment Manufacturers
Consumer Electronics Stores
Music, Record, and Video Stores
Musical Instrument Manufacturers

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