String Instruments - BRICS
BRICS- In 2024, the revenue generated in the String Instruments market amounts to US$2.2bn.
- This market segment is expected to grow annually by 7.81% (CAGR 2024-2029).
- When compared globally, the highest revenue is generated China, with US$1.1bn in 2024.
- In relation to the total population figures, per person revenues of US$0.66 are generated in 2024.
- It is worth mentioning that the BRICS countries (Brazil, Russia, India, China, and South_Africa) collectively play a significant role in this market segment.
- In Brazil, the demand for traditional Brazilian string instruments such as the cavaquinho and berimbau is on the rise, reflecting a growing interest in preserving cultural heritage.
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
