Musical Instruments

The musical instruments industry under SIC 3931 spans acoustic and electric guitars, keyboards, pianos, brass and woodwinds, percussion, recording interfaces, and related repair, leasing, and music-education services for professional musicians, touring acts, school programs, studios, and serious hobbyists. Manufacturers and distributors juggle volatile raw material costs, CITES and customs scrutiny on tonewoods and shells, product safety rules, and IP risks from counterfeits, while retailers navigate credit exposure to venues and education budgets. In 2024-2025, demand is shaped by hybrid analog-digital rigs, AI-assisted practice tools, compact stage gear for livestreaming, sustainable materials, and direct-to-consumer drops paired with subscription lessons. Margin pressure and tariff uncertainty remain persistent risks, but resilient live events and growth in remote learning sustain replacement and upgrade cycles. For deeper company-level signals, view live SEC filings on Earnings Feed.

Source: Earnings Feed research · last fetched 11/23/2025