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Musical Instrument & Supplies Stores in Northwest Territories

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NT45114CA

Musical Instrument & Supplies Stores in Northwest Territories industry analysis

Revenue for the Musical Instrument & Supplies Stores industry in Northwest Territories is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have increased an annualized x.x% to $x.x thousand.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xx workers during the outlook period, while industry wages likely increase x% to $x.x thousand.

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About the Musical Instrument & Supplies Stores in Northwest Territories Market Research Report

What’s Included in the Musical Instrument & Supplies Stores in Northwest Territories Market Research Report

Definition of the Musical Instrument & Supplies Stores in Northwest Territories?

The Musical Instrument and Supplies Stores industry in Canada retails an extensive selection of musical instruments, sheet music and related supplies, such as microphones, amplifiers and audio systems. These products are usually sold directly to end consumers. Many industry retailers also repair and rent these products and provide music instruction.

What’s included in the Musical Instrument & Supplies Stores in Northwest Territories?

The Musical Instrument & Supplies Stores in Northwest Territories includes stringed instruments, audio and recording equipment, woodwind instruments, pianos and organs, percussion instruments and sheet music, instrument components, parts and accessories. Related terms covered in the Musical Instrument & Supplies Stores in Northwest Territories industry report includes the buying and selling of products or services over the internet, a system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale, a musical composition in printed or written form, which is normally in the form of unbound leaves and an electronic means for augmenting sound output of a speaker, singer or musical instrument, using equipment such as microphones, amplifiers and loudspeakers.

Industry Performance of the Musical Instrument & Supplies Stores industry in Northwest Territories

Benchmark the Musical Instrument & Supplies Stores in Northwest Territories industry performance with all NT Census Metropolitan Area and national performance.

Musical Instrument & Supplies Stores in Northwest Territories

#10 in Highest Revenue 0.3% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Musical Instrument & Supplies Stores in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Musical Instrument & Supplies Stores industry in Northwest Territories

See how key industry drivers, such as population, per capita disposable income, gross domestic product, total retail sales, leisure time and number of children aged 19 and younger are impacting Musical Instrument & Supplies Stores in Northwest Territories

Northwest Territories Economic Indicators

Population
Per Capita Disposable Income
Gross Domestic Product

View more economic information in NT State Economic profile

Canada Key External Drivers

Total retail sales
Leisure time
Number of children aged 19 and younger

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Musical Instrument & Supplies Stores industry in Northwest Territories

Access proprietary data on Census Metropolitan Area in the Musical Instrument & Supplies Stores in Northwest Territories, such as Yellowknife. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Musical Instrument & Supplies Stores industry in Northwest Territories

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Musical Instrument & Supplies Stores industry in Northwest Territories in 2025?

The market size of the Musical Instrument & Supplies Stores industry in Northwest Territories is $2.6m in 2025.

How many businesses are there in the Musical Instrument & Supplies Stores industry in Northwest Territories in 2025?

There are 3 businesses in the Musical Instrument & Supplies Stores industry in Northwest Territories, which has been growing at an average annual rate of 8.4% from 2020 to 2025.

Has the Musical Instrument & Supplies Stores industry in Northwest Territories grown or declined over the past 5 years?

The market size of the Musical Instrument & Supplies Stores industry in Northwest Territories has been growing at an average annual rate of 15.6% from 2020 to 2025.

How many employees in the Musical Instrument & Supplies Stores industry in Northwest Territories in 2025?

There are 15 employees in the Musical Instrument & Supplies Stores industry in Northwest Territories, which has been growing at an average annual rate of 16.5% from 2020 to 2025.