JUST RELEASED NEW FOR 2023
The State of the Online Retail Marketplace
Report Also Features Sales Data For The Top 50 Online Music Gear Sellers
In 2022, The world’s 50 largest online music products retailers continued to gain market share. Aggregate revenues for the group advanced 2.2% in 2022 to an estimated $6.3 billion, while global industry sales trended down by a comparable amount. The group benefitted from the inherent efficiencies of online retail and consumers’ increased affinity for purchasing from the comfort of home. However, few online sellers would describe 2022 as an “easy” year. Softening demand as post-COVID, consumers shifted their spending to services, increased costs associated with search advertising, and continued supply chain challenges took a toll on results.
Over the past decade, the growth of online sales have outpaced the industry and redefined the way music products are marketed and sold. Despite the heady growth, major competitive challenges remain for online sellers. The five years of data in this report provides insights into the future of online sales, ranking of the top sellers by revenue, growth rates, and productivity. In 2022, online sales accounted for close to 50% of total industry revenues. Will the growth continue? Is the online space poised for consolidation and who are the potential winners and losers? These are just a few of the critical issues addressed in this unique report
How have online retailers redefined how music products are sold? In this report on the state of e-commerce in the music industry, we provide a list of the world’s top 50 music retailing websites ranked by dollar volume. In total, this group of web retailers accounts for nearly 50% of the industry’s total volume. The report includes 5 years of sales data, employee counts, products sold, and complete contact information.
Data is presented in PDF format with supporting Excel files.