Music Products 2022 PowerPoint Presentation

Declining 2022 Music Market

• Despite the increase of music product sales during 2021, total music retail revenues during the first half of 2022 decreased by -1.0% with school music the only category to increase (+6.3%) during Q2 2022.
• Surprisingly, the only other music product category with an increase during Q2 2022 was church organs, which increased by +3.5% compared to Q2 of 2021. (See the Keyboard Market 2022 Profiler for details.)
• Although demand for music products remains steady, supply-chain issues, microchip shortages and global store and factory closures due to the pandemic shutdowns continue to affect the music market.