Thursday, March 2, 2017
New Musical Instruments and Imports Affect Copper and Brass Sales
The retail market for musical instruments is worth $6 billion worldwide, according to the recent report of IBISWorld, the biggest industry information provider in the U.S. Though this market has a low annual growth of 0.4%, increasing disposable income and growing numbers of musicians are expected to sustain demand.
Apart from consumer demand, changes in the music industry supports musical instrument revenues as well. Since many musical instruments are made of several types of metals, copper and brass sales are projected to attain relatively healthy growth. If you’re a musical instrument manufacturer or seller, here’s what you need to know about market trends that can affect your business. Read more from this blog http://bit.ly/2lg4Msw