1.Musical Instruments Market

Key Point

・ Global musical instruments market is approximately $19 billion, a moderate growing market with CAGR 1-3%
・ The market is mainly overseas, led by North America (about 50%)
Overseas markets drive growth

 

                                                                        
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2.Electronic Ratio (U.S. Retail Musical Instrument market basis)

Key Point

The growth rate of electronic musical instruments is relatively higher than acoustic musical instruments

・ Pianos and drums are gradually increasing the electronic ratio

・ The market shrank in 2020 due to the Covid impact, but quickly recovered

 

                                                                        
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