Parts & Accessories of Musical Instruments - G20
G20- In 2024, the revenue in the Parts & Accessories of Musical Instruments market in G20 amounts to US$17.7bn.
- It is projected that the market will experience an annual growth rate of 7.76% (CAGR 2024-2029).
- When comparing the global market, it is evident that China generates the highest revenue, amounting to US$4.9bn in 2024.
- Considering the total population figures, the per person revenue generated in G20 is US$3.56 in 2024.
- This indicates the market's potential and significance in the musical instrument industry.
- In the United States, the market for Parts & Accessories of Musical Instruments is thriving, driven by the strong demand for upgrades and replacements from professional musicians and music enthusiasts.
- Key regions:
- United Kingdom,
- India,
- China,
- Europe,
- United States
Definition:
Parts and accessories of musical instruments include products that are used to maintain, repair, or enhance the performance of musical instruments. These products include strings, reeds, drumheads, picks, stands, cases, and amplifiers. Parts and accessories are essential for musicians to ensure that their instruments are in good condition and produce the desired sound. The market for parts and accessories of musical instruments is driven by factors such as the increasing number of musicians and music enthusiasts, the need for replacement and repair of parts, and the growing demand for high-quality sound and performance.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like D'Addario, Fender, Gibson, and Shure. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Parts of musical instruments, such as guitar strings, saxophone reeds, mouthpieces and drumheads
- Accessories of musical instruments, such as cases, guitar straps, metronomes and stands
Out-Of-Scope
- Printings, such as sheet music and music books
- Electric devices accessories such as cables, connectors, power adapters and batteries
