Musical Instrument & Supplies Stores Industry: Statistics, Forecasts, and Company Data
Musical Instrument & Supplies Stores - Market Size and Industry Forecast
The 2023 Musical Instrument and Supplies Stores Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the musical instrument & supplies stores industry.
| Historical | Forecasted |
|---|
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|
| Market Size (Total Revenue) | 
|
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial data.Industry Revenue ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Musical Instrument & Supplies Stores - Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Musical Instrument & Supplies Stores companies in the United States.
Musical Instrument & Supplies Stores Revenue by State
Distribution by Company Size
| Company Size | All Industries | Musical Instrument & Supplies Stores |
|---|
| Small Business (< 5 Employees) |
|
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Musical Instrument & Supplies Stores - Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue |
|
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Musical Instrument & Supplies Stores - Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios |
|
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Musical Instrument & Supplies Stores - Product Mix
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total |
|
| Audio equip, musical instr, radios, stereos, cds, records |
| Other musical instruments & accessories |
| Audio equipment, components, parts & accessories |
| Pianos and organs |
| All nonmerchandise receipts |
| Sheet music & related items |
| Rental or lease of musical instruments |
| Receipts from instructions & lessons |
| Labor charges for work performed by this establishment |
Musical Instrument & Supplies Stores - Compensation and Salary Surveys
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 3% |
|
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Sales and Related Occupations | 73% |
| Supervisors of Sales Workers | 8% |
| First-Line Supervisors of Sales Workers | 8% |
| First-Line Supervisors of Retail Sales Workers | 8% |
| Retail Sales Workers | 65% |
| Cashiers | 8% |
| Cashiers | 8% |
| Retail Salespersons | 56% |
| Retail Salespersons | 56% |
| Office and Administrative Support Occupations | 11% |
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 5% |
Government Contracts
In the past, the federal government spent an annual total of
$1,636,685 on the musical instrument & supplies stores industry. It has awarded 107 contracts to 26 companies, with an average value of $62,949 per company.
Musical Instrument & Supplies Stores and Adjacent Industries - Top Companies
| Company | Address | Revenue
($ Millions) |
|---|
|
