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Musical Instrument Manufacturing - 2022 U.S. Industry Market Research Report with COVID-19 Updates & Forecasts

  • ID: 5504012
  • Report
  • December 2021
  • Region: United States
  • 37 Pages
  • Kentley Insights
The 2022 Musical Instrument Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2013-2026. This report includes updated data and forecasts due to the economic impact of COVID-19.

This report includes historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, plant utilization, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
  • This U.S. industry includes companies primarily engaged in manufacturing musical instruments (except toys).
This 37-page report is based on extensive business surveys filled out by companies in the industry. Analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.

Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.

Below are a few of the hundreds of stats from the 2022 Musical Instrument Manufacturing Market Research Report:

INDUSTRY SIZE

  • In 2020, industry sales were $2.3 billion
  • Purchase now for historical (2013-2021) and forecasted (2022, 2026) market size

INDUSTRY GROWTH

  • Over the past 3 years, the industry has grown at an annual rate of 3.1%
  • Purchase now for historical (2013-2021) and forecasted (2022, 2026) growth rates

COMPANY GROWTH

  • There are 614 companies in the industry
  • Learn more about the historical and forecasted industry composition

SALES PER COMPANY

  • In 2020, the average sales per company was $3.7 million
  • Purchase now for historical and forecasted sales per company

PPI & PRICING

  • 2020 PPI growth was 1%
  • Purchase now for historical PPI (2013-2021), and forecasts for 2022 & 2026

FINANCIAL RATIO BENCHMARKS

  • Companies average a Fixed Asset Turnover ratio of 2.6
  • Benchmark nine other important financial ratios

PRODUCTIVITY ANALYSIS

  • In 2020, employee productivity was $194,484
  • Purchase now for historical (2013-2021) and forecasted (2022, 2026) employee productivity

EXPENSE BENCHMARKING

  • 3.5% of expenses are spent on health insurance
  • Benchmark against 24 other expense categories

OPERATING EXPENSES

  • In 2020, industry operating expenses grew 1.8%
  • Purchase now for 2021, historical and forecasted OPEX

PAYROLL

  • In 2020, payroll per employee was $48,278
  • Get the full picture with historicals and the 2022 and 2026 forecasts

PAYROLL BY STATE

  • California averages $43,159 in payroll per employee
  • Purchase now for payroll stats on other states

JOB CATEGORIZATION BENCHMARKS

  • 6.7% of employees in the industry are in management positions
  • Benchmark against 13 other job categories

JOB CATEGORIZATION PAY RANGES

  • The average industry hourly pay for office and administrative jobs is $20
  • Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.

Purchase The 2022 U.S. Market Research Report on Musical Instrument Manufacturing now to unlock the insight from one of the most trusted research firms.
Note: Product cover images may vary from those shown
Musical Instrument Manufacturing Report Overview
  • Industry Overview
  • Methodology
  • Industry Definition & Profile
  • Revenue & Growth Snapshot
  • Costs & Profitability Snapshot
Industry Performance
  • Trend Analysis from 2013 to 2021
  • 2022 Forecast
  • 5-Year Forecast
  • Total Revenue / Sales
  • Number of Companies
  • Number of Facilities
Breakdown of Product Lines
  • Percentage of Revenue from Top Product Lines
Growth Benchmarks
  • Trends from 2013 to 2021
  • Forecasts for 2022 and the Next 5 Years
  • Revenue per Company
  • Revenue per Facility
  • Facilities per Company
Plant Metrics
  • Utilization
  • Hours
  • 2018-2021 by Quarter
BCG Matrix
  • Income vs. Revenue Growth Matrix
  • Manufacturing Subsectors vs. Industry
State Statistics
  • Revenue per Employee and State Rankings
  • Number of Employees and State Rankings
  • Sales as a % of Manufacturing and State Rankings
  • Sales as a Percent of GDP by State
  • Sales per Facility and State Rankings
  • Payroll per Employee and State Rankings
Pricing & PPI
  • Annual PPI - Indexed to 2006
  • Trends from 2013 to 2021
  • Forecasts for 2022 and the Next 5 Years
  • Seasonal Monthly PPI Figures for the Past 4 Years
Profitability & Financial Ratio Analysis
  • Percent of Companies that are Profitable
  • Average Net Income as a Percent of Revenue
  • Total Asset Turnover
  • Fixed Asset Turnover
  • Fixed Assets to Total Assets Ratio
  • Total Assets to Total Liabilities Ratio
  • Return on Sales
  • Return on Total Assets
  • Return on Net Worth
  • Total Liabilities to Net Worth Ratio
  • Fixed Assets to Net Worth Ratio
  • Solvency Ratio
Workforce Breakdown (% of Employees)
  • Operations & Production
  • Management & Finance
  • Sales & Marketing
  • IT & Engineering
  • Service, Support & Training
Operating Expense Detail

Employee Expenses
  • Annual Payroll
  • Health insurance
  • Defined benefit pension plans
  • Defined contribution plans
  • Other fringe benefits
  • Contract labor costs, incl. temporary help
Cost of Materials
  • Cost of materials, containers, packaging, etc.
  • Cost of electricity and fuels
  • Cost of contract work
Building and Equipment
  • Capex for machinery and equipment
  • Capex for buildings and structures
  • Rental or lease
  • Repair and maintenance
  • Refuse Removal
IT Expenses
  • Data processing & other computer services
  • Communication services
Miscellaneous Expenses
  • Advertising and promotional services
  • Professional and technical Manufacturing
  • Taxes and license fees
Other Operating Expenses

Industry Operating Expenses
  • Industry Operating Expenses
  • Industry Revenue vs. Operating Expense Growth
  • Operating Expense as a Percent of Revenue
  • Operating Expenses per Company
  • Operating Expenses per Facility
  • Revenue vs. Expenses Growth per Facility
  • Trends from 2013 to 2021
  • Forecasts for 2022 and the Next 5 Years
Productivity & Industry Employment
  • Trends from 2013 to 2021
  • Forecasts for 2022 and the Next 5 Years
  • Revenue per Employee
  • Total Industry Employees
  • Employees per Company
Consolidation Analysis
  • Number of Companies by Business Size
  • Number of Facilities by Business Size
  • Facilities per Company by Business Size
  • 2012 versus 2020
Employment by Business Size
  • Number of Employees by Business Size
  • Employees per Company by Business Size
  • Employees per Facility by Business Size
  • 2012 versus 2020
Manufacturing Subsector Benchmarking Analysis
  • Sales and 5-Year CAGR
  • Number of Companies
  • Number of Facilities
  • Facilities per Company
  • Employees per Company
Industry Payroll
  • Payroll per Employee
  • Payroll per Company
  • Payroll per Facility
  • Trends from 2013 to 2021
  • Forecasts for 2022 and the Next 5 Years
Payroll by Business Size
  • Payroll per Company
  • Payroll per Facility
  • Payroll per Employee
  • 2012 versus 2020
Job Categorization Pay Ranges
  • Management & Finance
  • Sales & Marketing
  • IT & Engineering
  • Service & Support
  • Operations & Production
  • Pay Bands - Bottom 10% & 25%, Mean, Top 25% & 10%
Top 20 Jobs Breakdown
  • Percent of Total Employees
  • Pay Bands - Bottom 10% & 25%, Mean, Top 25% & 10%
Note: Product cover images may vary from those shown

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The industry market research reports are based on annual business surveys submitted by companies in the industry covering extensive financial and operating topics such as revenue, costs, labor, profitability, capital, product lines, operations, locations, and wages.

The analysts utilize the historical data from the business surveys as a foundation for forecasts and apply the data to proprietary econometric models that adjust for macro, economic, cyclical, and industry trends and influences.

 

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