Parts & Accessories of Musical Instruments - South Korea
South Korea- South Korea's revenue in the Parts & Accessories of Musical Instruments market in 2024 is estimated to be US$310.1m.
- It is projected that the market will experience an annual growth rate of 4.94% (CAGR 2024-2029).
- When compared globally, China generates the highest revenue in this market segment, amounting to US$4.9bn in 2024.
- In terms of per capita figures, in South Korea generates US$5.99 in revenue per person in 2024.
- The demand for traditional Korean musical instruments and their accessories is on the rise in South Korea, as the country embraces its cultural heritage.
- 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
