The market is dominated by domestic suppliers, as imports account for 7.2% of total market size in 2024. Households drive market demand, with household spending representing 52.9% of total demand in 2024. China has the second largest market size for musical instruments regionally, with demand reaching USD4.5 billion in 2024. Yamaha Corp is the largest company in China, generating 10.0% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 19.4% of total production value in 2024. The total number of companies decreases in 2024, to 26,360 units. The costs of the industry increase by 5.3% in 2024, largely driven by rising B2B costs. The industry’s profitability increases and stands at 12.4% of production value in 2024, the second highest regionally. The industry’s exports share increases in 2024 to 39.1% of total production output. With production value of USD5.8 billion, China accounts for 46.2% of the Asia Pacific total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Musical Instruments in China: ISIC 3692. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Musical Instruments in China: ISIC 3692 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Household Goods in China report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Household Goods?
- How the Household Goods will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Musical Instruments in China: ISIC 3692
HEADLINES
MARKET OVERVIEW
Household Goods
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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