Market Insights Consumer Toys & Hobby Musical Instruments

Acoustic Pianos & Stringed Keyboard Instruments - Suriname

Suriname

in Suriname, a country South_America, also contributes to the revenue in the Acoustic Pianos & Stringed Keyboard Instruments market.
In 2024, the revenue in this market amounts to US$119k.
It is projected that the market will experience an annual growth rate of 7.25% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries globally, in China generates the highest revenue in this market, with a staggering US$525m in 2024.
In terms of per person revenues, in 2024, approximately US$0.19 is generated per person in Suriname.
This number gives us an indication of how the revenue is distributed among the population.
Suriname's growing interest in classical music has led to an increasing demand for acoustic pianos and stringed keyboard instruments.

Key regions: United Kingdom, Italy, Asia, Worldwide, Europe

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.