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Musical Instrument Manufacturing Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Musical Instrument Manufacturing


Overview: the U.S. Musical Instrument Manufacturing Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Musical Instrument Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Musical Instrument Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Musical Instrument Manufacturing

Organs

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Musical Instrument Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Musical Instrument Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Musical Instrument Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Musical Instrument Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Musical Instrument Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers3%
Sales and Related Occupations 5%
Office and Administrative Support Occupations 15%
Production Occupations 52%
Assemblers and Fabricators 19%
Miscellaneous Assemblers and Fabricators 16%
Team Assemblers 12%
Metal Workers and Plastic Workers 12%
Other Production Occupations 14%
Source: Bureau of Labor Statistics


Musical Instrument Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Vater Percussion trademarks "STICK SHIELD" - 3 inch protective band applied to the rimshot area of drumsticks (used for musical instruments) that is highly impact resistant and protects the drumstick from wear in that area - 12/15/2017
  • K C Strings trademarks "K.C. STRINGS TOGETHER WE CREATE" - Retail store services featuring violin, viola, cello, bass, violin bow, viola bow, cello bow, bass bow, violin case, viola case, cello case, cello bag, bass bag, bass case, bass bow quivers; Retail store services featuring violin, viola, cello, and bass strings; Retail store services featuring accessories and components for the violin family - 11/24/2015




  • Top Innovators

    CompanyInnovation Score
    Vater Percussion
    Zzyzx Snap Jack

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Pittsboro company says it can stop energy waste, save military lives - Its nine employees work out of a 10,000-square-foot lab and manufacturing site ... You can also experience this when you try to play a musical instrument and there is distortion in how the notes come out. That’s a result of energy being consumed ... (01/10/2018)
    • The State of the Independent Music Store - “The reality is that not everyone lives in an area where you can play the kinds of instruments that we have,” says Adam Dardeck, a sales manager at the Music Emporium in Lexington ... and showcases for various manufacturers. (01/08/2018)
    • Signs of Trouble? Gibson Will Not Be Appearing at This Year's NAMM Show - considered by many as the biggest musical instrument convention in the world. Instead, the company will focus its efforts on the Consumer Electronics Show, set to take place between January 9 and 12 in Las Vegas, NV. The source reports: "The move seems to ... (01/07/2018)
    • Gear4Music shares take hit despite strong sales increase - Shares in online musical instrument and equipment seller Gear4music fell sharply ... wary of diesel-powered vehicles According to data collated by the Society of Motor Manufacturers and Traders (SMMT), 2017 marked the first decline in UK car sales in ... (01/05/2018)
    • 4 Somerville Artists Awarded Iguana Music Fund Grants - SOMERVILLE, MA – Four Somerville-based musical acts were among 28 artists ... $500 to $2,000 in the fields of recording or manufacturing assistance, publicity and marketing support, equipment and instruments, songwriting retreats, tour support, special ... (01/05/2018)
    • GST and 2017: From manufacturing to telecom, how India Inc coped with 'One, Nation, One Tax' concept - Manufacturing: The sector ... While mobiles have come under the 12% slab, physical exercise equipment, cookers, stoves, musical instruments and their parts, functional printers, vacuum cleaners have all been included in the 28% category, guaranteeing ... (12/28/2017)
    • Looking Back at 2017: Indonesia's Manufacturing Industry - In February the Japan-based Yamaha Corporation said it will invest IDR 568.5 billion (approx. USD $43 million) to develop a musical instrument manufacturing factory in Bekasi (West Java). Here it will manufacture various digital music instruments ... (12/28/2017)
    • Passim Announces 2017 Iguana Music Fund Recipients - The Iguana Music Fund was launched in 2008 after ... Grants are allocated in the areas of recording or manufacturing assistance; publicity & marketing support; equipment & instruments; songwriting retreats; tour support; special projects and other specific ... (12/28/2017)
    • BRIEF-Kawai Musical Instruments Manufacturing completes share repurchase and says change of shareholding structure - * Says it completed repurchase of 320,000 shares of its common stock, for 799.7 million yen, on Nov. 21, through ToSTNeT-3 * Says South Korea-based musical instrument manufacture firm decreased voting power in the co to 6.9 percent(609,700 shares) from 10 ... (11/21/2017)


    Government Contracts

    In 2016, the federal government spent a total of $3,147,291 on Musical Instrument Manufacturing. It has awarded 182 contracts to 50 companies, with an average value of $62,946 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Cymbals and parts manufacturing, Harmonicas manufacturing, Drums (musical instruments), parts, and accessories manufacturing, Clarinets and parts manufacturing, Violins and parts manufacturing, Percussion musical instruments manufacturing, Trumpets and parts manufacturing, Saxophones and parts manufacturing, Harps and parts manufacturing, Ocarinas manufacturing, Vibraphones manufacturing, Zithers and parts manufacturing, Musical instruments (except toy) manufacturing, Mandolins manufacturing, Autophones (organs with perforated music rolls) manufacturing, Cellos and parts manufacturing, Trombones and parts manufacturing, Keyboards, piano or organ, manufacturing, Electric musical instruments manufacturing, Reeds, musical instrument, Hammers, piano, Musical instrument accessories (e.g., mouthpieces, reeds, stands, traps) manufacturing, Accordions and parts manufacturing, Violas and parts manufacturing, Pipes, organ, Flutes and parts manufacturing, Guitars and parts, electric and nonelectric, Chimes and parts (musical instruments) manufacturing, Harpsichords manufacturing, Instruments, musical, Tuning forks manufacturing, Calliopes (steam organs) manufacturing, Cornets and parts manufacturing, Strings, Mouthpieces for musical instruments manufacturing, Bassoons manufacturing, Piccolos and parts manufacturing, Ukuleles and parts manufacturing, Piano parts and materials (except piano hardware) manufacturing, Synthesizers, music, Knobs, Fretted instruments and parts manufacturing, Xylophones and parts manufacturing, Octophones manufacturing, Music rolls, perforated, Banjos and parts manufacturing, Oboes manufacturing, Bells (musical instruments) manufacturing, etc.



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