Recorded music retailers are expected to face a challenging landscape over the five years through 2012-13, with industry sales declining by an annualised 3.8%. While the industry has benefited from growth in the volume of digital music downloads, sales have been hindered by rising levels of competition between players and the continued impact of illegal music downloads. Retail demand for recorded music has also been affected by trends in real household disposable income, consumer sentiment, total leisure time availability, and the popularity of recorded music technology.
Operators in this industry sell recorded music, which is either in a physical format or in a digital format. Products including physical CDs and music DVDs along with digitally downloaded music via internet sites. Industry retailers primarily operate from bricks-and-mortar stores. However, growth in demand for digital downloading has led to a rise in the number of online operators offering recorded music via internet sites.
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.