NAICS Code 459510-27 - Musical Instruments-Used (Retail)

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Total Companies

60

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NAICS Code 459510-27 Description (8-Digit)

The Musical Instruments-Used (Retail) industry involves the sale of previously owned musical instruments to customers. These instruments can range from guitars, drums, pianos, and other instruments that are no longer needed by their previous owners. The industry is focused on providing affordable options for musicians who are looking for quality instruments without having to pay the full price of a new one. The industry is highly competitive, and businesses in this industry must have a good understanding of the market and the instruments they are selling to be successful.

Hierarchy Navigation for NAICS Code 459510-27

Parent Code (less specific)

Tools

Tools commonly used in the Musical Instruments-Used (Retail) industry for day-to-day tasks and operations.

  • Guitar tuners
  • Drum keys
  • Pliers
  • Screwdrivers
  • Allen wrenches
  • String cutters
  • Capo
  • Guitar picks
  • Microfiber cloths
  • Polishing compounds

Industry Examples of Musical Instruments-Used (Retail)

Common products and services typical of NAICS Code 459510-27, illustrating the main business activities and contributions to the market.

  • Used electric guitars
  • Pre-owned drum sets
  • Second-hand acoustic guitars
  • Previously owned pianos
  • Used bass guitars
  • Refurbished trumpets
  • Second-hand saxophones
  • Pre-owned violins
  • Previously owned flutes
  • Used clarinets

Certifications, Compliance and Licenses for NAICS Code 459510-27 - Musical Instruments-Used (Retail)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Musical Instrument Repair Technician Certification: This certification is offered by the National Association of Professional Band Instrument Repair Technicians (NAPBIRT) and is designed for individuals who repair musical instruments. The certification requires passing a written and practical exam.
  • Musical Instrument Appraisal Certification: The American Society of Appraisers (ASA) offers a certification for individuals who appraise musical instruments. The certification requires passing a written exam and completing a certain amount of appraisal experience.
  • Musical Instrument Sales Certification: The National Association of Music Merchants (NAMM) offers a certification for individuals who sell musical instruments. The certification requires completing a training program and passing a written exam.
  • Musical Instrument Rental Certification: The American Rental Association (ARA) offers a certification for individuals who rent musical instruments. The certification requires completing a training program and passing a written exam.
  • Musical Instrument Trade Association Membership: Joining a trade association such as the National Association of Music Merchants (NAMM) or the National Association of School Music Dealers (NASMD) can provide access to industry-specific resources, networking opportunities, and educational events.

History

A concise historical narrative of NAICS Code 459510-27 covering global milestones and recent developments within the United States.

  • The history of the Musical Instruments-Used (Retail) industry dates back to the early 20th century when the first used musical instruments stores started to appear in the United States. These stores were mainly focused on buying and selling used pianos, but as the popularity of other musical instruments grew, so did the industry. In the 1960s and 1970s, the industry experienced a boom due to the rise of rock and roll music, which led to an increased demand for guitars, drums, and other instruments. In recent years, the industry has faced challenges due to the rise of online marketplaces, but it has also benefited from the growing interest in vintage and retro musical instruments. The Musical Instruments-Used (Retail) industry in the United States has seen significant growth in recent years. According to a report by Reverb, a leading online marketplace for musical instruments, the used gear market has grown by 24% in the past five years. This growth can be attributed to several factors, including the increasing popularity of vintage and retro gear, the rise of online marketplaces, and the growing number of musicians who are looking for affordable alternatives to new instruments. Despite the challenges posed by the COVID-19 pandemic, the industry has remained resilient, with many retailers pivoting to online sales to meet the changing needs of their customers.

Future Outlook for Musical Instruments-Used (Retail)

The anticipated future trajectory of the NAICS 459510-27 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the "Musical Instruments-Used (Retail)" industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of vintage and used musical instruments among musicians and collectors. Additionally, the rise of online marketplaces and e-commerce platforms has made it easier for consumers to buy and sell used musical instruments, which is expected to further boost the industry's growth. However, the industry may face challenges from the COVID-19 pandemic, which has led to the closure of many brick-and-mortar stores and reduced consumer spending. Overall, the industry is expected to continue growing in the long term, driven by the increasing demand for used musical instruments and the growing popularity of online marketplaces.

Industry Innovations for NAICS Code 459510-27

Recent groundbreaking advancements and milestones in the Musical Instruments-Used (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Reverb: An online marketplace for buying and selling new and used musical instruments, gear, and accessories.
  • Guitar Center Used Gear: A program that allows customers to trade in their used musical instruments and gear for store credit or cash.
  • Vintage King Audio: A retailer that specializes in vintage and used audio equipment, including microphones, preamps, and mixing consoles.
  • The Music Zoo: A retailer that offers a wide selection of used and vintage guitars, basses, and amplifiers.
  • Sweetwater Used Gear: A program that allows customers to trade in their used musical instruments and gear for store credit or cash.
  • Music Go Round: A chain of stores that buys and sells used musical instruments and gear.
  • Sam Ash Used Gear: A program that allows customers to trade in their used musical instruments and gear for store credit or cash.
  • Chicago Music Exchange: A retailer that specializes in vintage and used guitars, basses, and amplifiers.
  • Elderly Instruments: A retailer that offers a wide selection of used and vintage guitars, banjos, mandolins, and other stringed instruments.
  • Musician's Friend Used Gear: A program that allows customers to trade in their used musical instruments and gear for store credit or cash.
  • Guitar Pedal Shoppe: A retailer that specializes in used and vintage guitar pedals.
  • Pro Audio Star: A retailer that offers a wide selection of used and vintage audio equipment, including microphones, preamps, and mixing consoles.
  • The Music Emporium: A retailer that specializes in vintage and used guitars, basses, and amplifiers.
  • Music City Pickers: A retailer that offers a wide selection of used and vintage guitars, banjos, mandolins, and other stringed instruments.
  • Cream City Music: A retailer that specializes in vintage and used guitars, basses, and amplifiers.
  • The Amp House: A retailer that specializes in vintage and used guitar amplifiers.
  • Wildwood Guitars: A retailer that offers a wide selection of used and vintage guitars, including rare and collectible models.
  • Carter Vintage Guitars: A retailer that specializes in vintage and used guitars, including rare and collectible models.
  • The Bass Gallery: A retailer that specializes in vintage and used bass guitars.

NAICS Code 459510-27 - Musical Instruments-Used (Retail)

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