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Musical Instrument & Supplies Stores in the US
IBISWorld, Feb 2012, Pages: 32
Mass music: The industry faces intense competition from big merchandisers
Musical Instrument & Supplies Stores in the US
The band comes together
The trend in this industry will be of consolidation and expansion, either through organic growth or acquisitions, to ensure benefits from economies of scale. Competition from outside the industry will come from mass merchandisers and big-box retailers that leverage the influx of cheap imports. This penetration will likely have profound repercussions on small and independent operators. This industry will also face increasing competition from substitute leisure activities, including online entertainment and video games and sports.
Operators in this industry retail an extensive selection of musical instruments, such as violins and pianos, and associated products, such as microphones and amplifiers. These products are usually sold directly to end-consumers. Many industry operators also repair and rent these products and provide music instruction in combination.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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