The Musical Instrument Retailers industry endured tough conditions at the start of the five years through 2015-16. Subdued economic performance during this time resulted in uncertainty among consumers, who subsequently reduced their consumption of discretionary goods. This change in consumer behaviour affected a number of retail industries and further aggravated the decline in the Musical Instrument Retailers industry, which was already underperforming. However, the industry was subject to a major key change in 2013-14 thanks to rapidly improving economic conditions.
Operators in the industry sell musical instruments, including guitars, amplifiers, keyboards and associated accessories. This industry includes the sale of musical instruments via the internet if the seller also operates bricks-and-mortar stores.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.