Key Point
・ Global musical instruments market is approximately $18 billion, a moderate growing market with CAGR 1-2%
・ The market is mainly overseas, led by North America (about 50%)
・ Overseas markets drive growth
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