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Private Music Classes in the US - Market Research Report (2014-2029)

Chris DellaCamera Chris DellaCamera New York, United States Last Updated: January 2024 NAICS OD6539 Spotlight Report

Revenue

$724.8m

2024

$724.8m

Past 5-Year Growth

Profit

$XX.Xm

Employees

12,158

Businesses

2,210

Wages

$XXX.Xm

Private Music Classes in the US industry analysis

The private music instruction industry is estimated to have steadily grown over the past five years. The COVID-19 pandemic contributed to a large drop in music class attendance, though lessons via video call software helped support the industry. Strong disposable income growth supported industry recovery as demand for learning instruments bounced back. More recently, the popularity of music instruction has supported further revenue growth, though weaker economic conditions are likely to cause growth to slow. Over the past five years, revenue is estimated to rise at a CAGR of 1.2% to $725.0 million, with growth of 1.1% forecast for 2024.

Trends and Insights

  • The COVID-19 pandemic has led to a surge in remote music lessons through platforms like Zoom, helping the industry counter revenue losses. The move has enabled instructors to expand their reach and increase lesson frequency by eliminating travel needs.
  • Increased disposable incomes have boosted spending on new musical instruments and demand for lessons, with guitar lessons emerging as the leading category. This category encompasses various guitar types, skill levels, and musical styles.
  • Competition to private music classes is relatively limited. School instruction and publicly available online video lessons remain popular. These alternatives are unlikely to affect demand for private lessons drastically.

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  • Reliable market estimates from 2014-2029
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 2.4 % over the past five years, to reach an estimated $724.8m in 2024.

Trends and Insights

Remote instruction becomes a lifeline for the industry

  • The COVID-19 pandemic has led to an increase in remote music lessons held through platforms like Zoom.
  • Additional trends and insights available with purchase
Private Music Classes in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Increasing demand for online music instruction

  • There is expected to be a rise in the use of the internet for private music classes, increasing competition among music instructors over the next five years.

Biggest companies in the Private Music Classes in the US

There are no companies that hold a large enough market share in the Private Music Classes in the US industry for IBISWorld to include in this product.

Products & Services Segmentation

Private Music Classes in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Guitar lessons, Vocal lessons and Piano and keyboard lessons. Guitar lessons is the largest segment of the Private Music Classes in the US.

Trends and Insights

Guitar lessons remain the most popular kind of music instruction

  • Guitar lessons are the largest single category of music instruction.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Operators in this industry offer private music lessons. Operators instruct individual students and conduct lessons from their homes, at a studio or within students’ homes. Teachers specialize in an instrument or musical skill that they have mastered and create individualized lessons for students. The industry includes private music lessons conducted in person and online; however, it does not include private music lessons taken for academic credit.

What's included in this industry?

Providing private instrument lessonsProviding private vocal lessonsCreating music lessons based on student's ability

Companies

Purchase this report to view all major companies in this industry.

Related Terms

K-12 FREEMIUMNATIONAL ENDOWMENT FOR THE ARTS (NEA)

Industry Code

NAICS 2017

NAICS 611519 - Private Music Classes in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The COVID-19 pandemic has led to a surge in remote music lessons through platforms like Zoom, helping the industry counter revenue losses. The move has enabled instructors to...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Factors that influence volatility in the industry
  • Key success factors for businesses to overcome volatility

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Increased disposable incomes have boosted spending on new musical instruments and demand for lessons, with guitar lessons emerging as the leading category. This category enco...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Purchase this report to unlock analyst insights.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition to private music classes is relatively limited. School instruction and publicly available online video lessons remain popular. These alternatives are unlikely to ...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Professional certification in the form of a degree or a proven track record due to years of experience are key qualifications for any instructor looking to enter the industry....

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Despite pandemic-related disruptions, industry profit has remained steady. It's projected to constitute 6.3% of revenue in 2024.

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Private Music Classes in the US industry in United States in 2024?

The market size of the Private Music Classes in the US industry in United States is $724.8m in 2024.

How many businesses are there in the Private Music Classes in the US industry in 2024?

There are 2,210 businesses in the Private Music Classes in the US industry in United States, which has grown at a CAGR of 2.5 % between 2019 and 2024.

Has the Private Music Classes in the US industry in United States grown or declined over the past 5 years?

The market size of the Private Music Classes in the US industry in United States has been declining at a CAGR of 2.4 % between 2019 and 2024.

What is the forecast growth of the Private Music Classes in the US industry in United States over the next 5 years?

Over the next five years, the Private Music Classes in the US industry in United States is expected to grow.

What does the Private Music Classes in the US in United States include?

Providing private instrument lessons and Providing private vocal lessons are part of the Private Music Classes in the US industry.

How competitive is the Private Music Classes in the US industry in United States?

The level of competition is low and steady in the Private Music Classes in the US industry in United States.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Fine Arts Schools in the US

Complementors

  • Musical Instrument & Supplies Stores in the US

International industries

  • There are no industries to display.

View all industries in United States

Methodology

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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

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