Musical Equipment Retail Industry Overview

Companies that retail musical instruments, sound, lighting, and production equipment, and components and accessories.

Full Musical Equipment Retail Industry Description

Industry Concentration Rises

The four largest musical instrument firms generate over 30 percent of the total industry revenue; in 1997, they generated only 15 percent. For decades, many regional and independent full-line stores were the only music store in town. Now these stores face direct competition from expanding chains – most often Guitar Center, the so-called “Wal-Mart of music retail.”

Full Musical Equipment Retail Industry Trends

• Chesbro Music Co.
• Empire Music Co. Ltd.
• JAM Industries Ltd.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Musical Equipment Retail maps to a number of NAICS codes including:

Full Musical Equipment Retail Industry Codes

• National Association of Music Merchants
  

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