String Instruments - ASEAN
ASEAN- In ASEAN, the revenue in the String Instruments market is projected to reach a staggering amount of US$480.1m in the year 2024.
- This market segment is anticipated to experience a compound annual growth rate (CAGR) of 7.84% from 2024 to 2029.
- When compared to other countries worldwide, it is noteworthy that China generates the highest revenue in this market, with an expected revenue of US$1.1bn in 2024.
- Looking at the revenue per person, it is estimated that in 2024, each individual in ASEAN contributes approximately US$0.69 to the overall revenue in the String Instruments market.
- In the ASEAN region, the demand for traditional string instruments, such as the gamelan in Indonesia, is experiencing a resurgence among younger generations.
Definition:
String instruments are musical instruments that produce sound by vibrating strings that are either plucked, bowed, or struck. Examples of string instruments include guitars, violins, cellos, and basses. These instruments are commonly used in a variety of musical genres, from classical to rock, and are popular for their versatility and wide range of sounds. Modern versions of these instruments include electric guitars and electric violins, which use electronic amplification to enhance their sound and allow for greater portability.
Additional Information:
The market for string instruments 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 such as Fender, Gibson, Yamaha, and Martin. 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
- Guitar family, such as acoustic guitars, electric guitars and bass guitars
- Violin family, such as violin, viola, cello and double bass
- Harp family, such as concert harp and celtic harp
- Other string instruments, such as banjo, mandolin, ukulele and sitar
Out-Of-Scope
- Accessories of musical instruments, such as bows, rosin, shoulder rests, guitar strings and tuning pegs
