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The 2017 Report on Musical Instrument & Supplies Stores contains key information used by Executives in many Fortune 500 companies and market leaders. The report helps identify industry changes, trends, key players, and growth opportunities.
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2017 Market Research Report on Musical Instrument & Supplies Stores Industry
Current Research on the Musical Instrument & Supplies Stores Industry
This section provides answers to fundamental and critical questions about the industry:- What is the total market size ($ millions)?
- What is the Musical Instrument & Supplies Stores industry outlook?
- Has the market grown or declined?
- What is the market growth rate?
- Are long term forecasts positive or negative?
- What is the industry size and average company size?
- How many companies are in the industry?
Market Size Statistics
The total U.S. market size for the Musical Instrument & Supplies Stores industry: statistics cover all companies, both public and private. In addition to total revenue, the industry research provides details on employees, companies, and average firm size in the sector. Use this market information to research and analyze growth rates and the Musical Instrument & Supplies Stores industry trends and market outlook based on quantitative research and economic data.
| Statistics | 2011 2012 2013 2014 2015 2016 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
Market Forecast - Musical Instrument & Supplies Stores[PREMIUM]
Market forecasts show the long term industry outlook & Musical Instrument & Supplies Stores future growth trends. The following five-year forecast utilizes advanced econometric techniques that project both short-term and long-term market growth outlook. The industry outlook can be used to set a strategy applicable to economic realities.
| Forecast / Industry Outlook | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
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| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Product & Services Breakdown
Research products and services in the Musical Instrument & Supplies Stores industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
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Industry Total |
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Audio Equipment, Musical Instruments (New & Used), Radios, Audio Electronic Components, CDs, Records, Tapes, Audio Books, Sheet |
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Audio Equipment, Components, Parts & Accessories |
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Pianos & Organs, (New & Used) |
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Other New Or Used Musical Instruments & Accessories |
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Sheet Music & Related Items |
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All Nonmerchandise Receipts |
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Labor Charges For Work Performed By This Establishment |
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Rental Or Lease Of Musical Instruments |
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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 market share than average.
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 Average | Percent of Sales (Industry Benchmark) | |
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| Total Revenue | Order at top of page |
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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 | ||
Financial Ratio Analysis - Musical Instrument & Supplies Stores
Financial ratio information can be used to benchmark how a company in the industry compares relative to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios - Musical Instrument & Supplies Stores | Industry Average |
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| 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 & Supplies Stores industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Musical Instrument & Supplies Stores measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios - Musical Instrument & Supplies Stores | Industry Average |
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| 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
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| 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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| Management Occupations | 3% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Sales and Related Occupations | 76% | |||
| Supervisors of Sales Workers | 8% | |||
| First-Line Supervisors of Sales Workers | 8% | |||
| First-Line Supervisors of Retail Sales Workers | 8% | |||
| Retail Sales Workers | 68% | |||
| Cashiers | 8% | |||
| Cashiers | 8% | |||
| Retail Salespersons | 59% | |||
| Retail Salespersons | 59% | |||
| Office and Administrative Support Occupations | 10% | |||
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 5% | |||
Companies in Musical Instrument & Supplies Stores and Similar Industries[PREMIUM]
Musical Instrument & Supplies Stores market research identifies top companies with the largest estimated market share. Information includes corporate earnings and public company ticker symbols where available.| Company | Address | Revenue Estimate |
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Public Musical Instrument & Supplies Stores Company News
Web scan for recent news about public companies. Musical Instrument & Supplies Stores market research on key company news, and Musical Instrument & Supplies Stores statistics.The market size analysis identifies the overall sales data within the industry. Statistics break down facts about companies within the market.
Government Contracts Related to Musical Instrument & Supplies Stores
In 2014, the federal government spent a total of $1,517,449 on Musical Instrument & Supplies Stores. It has awarded 109 contracts to 30 companies, with an average value of $50,582 per company.Top government vendors:
| Company | Federal Contracts | Total Award Amount |
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Growth Opportunities / Competitive Threats
Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Musical Instrument & Supplies Stores to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.The following industries are competing channels for sales of similar products/services.
Audio Equip, Musical Instr, Radios, Stereos, CDs, Records
| Competing Industry | Sales Relative to Musical Instrument & Supplies Stores | Opportunity/Threat |
|---|---|---|
| Radio, Television & Electronics Stores | ||
| Online (Internet) Shopping | Competing industry | |
| Warehouse Clubs, Supercenters & Big Box Retail | Competing industry | |
| Discount Department Stores | Competing industry | |
| Mail-Order Houses | Competing industry |
Sales from other industries of Audio Equip, Musical Instr, Radios, Stereos, CDs, Records are less than those from Musical Instrument & Supplies Stores. This may mean that other channels are a competitive risk of increasing their Audio Equip, Musical Instr, Radios, Stereos, CDs, Records sales, taking market share from this industry.
Audio Equip, Musical Instr, Radios, Stereos, CDs, Records Product Sales Report
Audio Equipment, Components, Parts & Accessories
| Competing Industry | Sales Relative to Musical Instrument & Supplies Stores | Opportunity/Threat |
|---|---|---|
| Radio, Television & Electronics Stores | ||
| Warehouse Clubs, Supercenters & Big Box Retail | ||
| Discount Department Stores | ||
| Computer & Software Stores | ||
| Online (Internet) Shopping |
Since sales from Musical Instrument & Supplies Stores are a small fraction compared to other industries selling Audio Equipment, Components, Parts & Accessories, companies in the Musical Instrument & Supplies Stores industry have the opportunity to expand their product offering to take share from these adjacent industries.
Audio Equipment, Components, Parts & Accessories Product Sales Report
Segments classified within this market research report
This market research report includes companies whose primary business is any of the following:Piano stores, Sheet music stores, Musical instrument stores, Music stores (i.e., instrument), etc.
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