Overview
The 2,700 musical instrument and supply retailers in the US sell musical instruments, sheet music, and related products and services. Firms may provide rental, lease, or repair services for musical instruments. Some firms provide music instruction or lessons. Companies may specialize in a particular product category, such as pianos or guitars.
Competition from Alternative Sources
Musical instrument and supply retailers compete with a variety of alternative sources, including mass merchandisers, warehouse clubs, online-only retailers, and direct-to-consumer channels.
Unpredictable Trends and Fads
While not as unpredictable as the fashion industry, the musical instrument and supply market has its share of trends and fads.
Industry Financial Benchmarks
Here are typical financial statements for musical instrument & supply stores.
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