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2025 U.S. Industry Statistics & Market Forecast - Musical Instrument and Supplies Retailers
Market Size & Industry Statistics
The total U.S. industry market size for Musical Instrument and Supplies Retailers:
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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Product & Services Breakdown
Research products and services in the Musical Instrument and Supplies Retailers 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 |
|---|---|---|---|
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 industry 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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Musical Instrument and Supplies Retailers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 and Supplies Retailers 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 and Supplies Retailers 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 | Industry 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. |
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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 |
|---|---|
| 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 |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Sales and Related Occupations | 66% | |||
| Supervisors of Sales Workers | 7% | |||
| First-Line Supervisors of Sales Workers | 7% | |||
| First-Line Supervisors of Retail Sales Workers | 7% | |||
| Retail Sales Workers | 58% | |||
| Cashiers | 9% | |||
| Cashiers | 9% | |||
| Retail Salespersons | 49% | |||
| Retail Salespersons | 49% | |||
| Office and Administrative Support Occupations | 10% | |||
| Transportation and Material Moving Occupations | 6% | |||
| Material Moving Workers | 5% | |||
| Laborers and Material Movers | 5% | |||
Musical Instrument and Supplies Retailers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Musical Instrument and Supplies Retailers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Musical Instrument and Supplies Retailers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Musical Instrument and Supplies Retailers industry. |
Source:
Latest Industry News
- Celebration highlights growing US military ties in Polish village of Powidz - Attendees of the second annual Polish-American Freedom Fest gather near a sign for the event in Powidz, Poland, on July 4, 2025. It is the only U.S. Army Independence Day celebration in Europe held off base. (Phillip Walter Wellman/Stars and Stripes) (07/07/2025)
- Spending Too Much on School Supplies? Here’s How To Cut Costs - Back-to-school supply lists seem to get longer every year, and with prices climbing and schools requesting specific brands or gadgets, the costs can add up fast. But with some careful planning and a few smart shopping moves, (06/26/2025)
- East Road music store is closed as PMT calls in administrators - Immediately following their appointment, the joint administrators concluded a sale of certain of the company’s assets, most notably the company’s stock, to Gear4music Limited. PMT’s 16 stores closed with immediate effect. (06/26/2025)
- Business Monday: Hilo’s guitar shop turns 10 and wants to ‘keep the music going’ - Big Island Guitar and Music Shop has been able to introduce youth and adults to the world of music by offering their customers connections to local entertainers, a studio for private lessons, and a free, monthly workshop, which takes place from 4 to 6 p.m. every first Saturday of the month. (06/23/2025)
- Inside Shropshire's newest music shop opened by a guitar technician who toured the world with the biggest stars - Behind the new venture is a former guitar technician and production manager who toured the world for over 20 years with famous bands such as The Waterboys, Slade, The Futureheads, The Levellers and many others. Alex “Big Al” Harris playing Dave Grohl’s (Foo Fighters) Guitar at Wembley Stadium. Photo: Big Al's (06/23/2025)
- Statistics Canada reports April retail sales up 0.3 per cent at $70.1 billion - OTTAWA — Statistics Canada says retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers, however economists say they expect a slowdown ahead. (06/20/2025)
- Weak U.S. retail sales, factory output signal slowing economy - WASHINGTON >> U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now. (06/18/2025)
- US Retail Sales Post Biggest Drop in Four Months - Retail sales fell 0.9% in May, the steepest decline in four months, as tariff concerns dampened auto purchases and cooler weather hurt sales. (06/17/2025)
- 11 shops shut after £43m-turnover musical instruments retailer falls into administration - Administrators have been appointed to one of the UK's largest retailers of musical instruments and closed its 11 stores with immediate effect. (06/12/2025)
- Musical instrument retailer closes stores blaming shrinking margins - YFM backed business sells stock to Gear4musicA musical instrument retailer founded in Liverpool and backed by investor YFM is to close its 11 stores around the country after failing to find a ... (06/12/2025)
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