Number of Musical Instrument and Supplies Stores Businesses in the US (2000–2023)
As of 2023
23,199
musical instrument and supplies stores businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The musical instrument and supplies stores industry has declined 21.5% since 2000 (from 29,539 to 23,199 firms).
- •The peak year was 2000 with 29,539 firms.
- •Recent trend (last 5 years): the industry is growing (+0.3%).
- •Employment: 424,773 workers in 2023 (8.2% change since 2000).
- •Estimated 5-year survival rate: 67%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 23,199 | 33,646 | 424,773 | 8.7% | 7.6% | +0.5% |
| 2022 | 22,980 | 33,236 | 422,370 | 10.4% | 7.0% | +4.5% |
| 2021 | 22,139 | 32,054 | 404,234 | 8.5% | 9.7% | -0.0% |
| 2020 | 22,417 | 32,465 | 405,367 | 6.6% | 9.3% | -2.1% |
| 2019 | 23,135 | 33,314 | 413,307 | 7.0% | 10.0% | -10.8% |
| 2018 | 23,710 | 34,294 | 456,237 | 6.9% | 8.5% | +0.6% |
| 2017 | 24,158 | 34,789 | 452,836 | 8.5% | 10.8% | -4.3% |
| 2016 | 24,523 | 35,560 | 475,257 | 8.0% | 7.6% | -0.7% |
| 2015 | 24,524 | 35,337 | 478,812 | 8.2% | 7.7% | +4.8% |
| 2014 | 24,538 | 35,132 | 456,978 | 8.1% | 8.7% | +2.5% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.