Over the five years to 2018, revenue for the Musical Instrument Manufacturing industry in China is estimated to grow at an annualized rate of 10.0% to $8.0 billion. The industry was export-oriented for a long time, with exports' share of revenue reaching a high of 69.0% in 2005; this share declined to 46.1% in 2011 and has decreased since. Exports are expected to account for just 20.3% of industry revenue in 2018. Over the next five years, exports are forecast to decline slowly at an annualized rate of 2.2%.An estimated 258 enterprises and 81,004 employees operate in the industry. The top four musical instrument manufacturers account for only 12.7% of industry revenue; however, market share concentration is expected to increase due to increased mergers and acquisitions...purchase to read more.

Industry Report - Industry Analysis Chapter

In the five years to 2018, revenue for the Musical Instrument Manufacturing industry in China is estimated to increase at an annualized rate of 10.0%. Revenue in 2018 is set to reach $8.0 billion, while domestic demand is expected to total $6.8 billion.ACMR-IBISWorld estimates that there are 258 industry players, most of which are small- and medium-scale producers that are less competitive than larger firms. The top four operators (Yamaha, Guangzhou Pearl River Piano Group, Shandong RonischSejung Musical Instruments and KHS Musical Instruments) generate about 12.7% of industry revenue, indicating a low level of industry concentration...purchase to read more.

Additional Insights for the Musical Instrument Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Musical Instrument Manufacturing Industry are

  • Establishment of brand names
  • Provision of superior after sales service
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Domestic Goods Prices and Household Disposable Income in the Musical Instrument Manufacturing industry impact industry performance..

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    What's in this report

    What is the Musical Instrument Manufacturing Industry?

    Musical instrument manufacturers in China produce Chinese musical instruments, Western musical instruments, electronic and other musical instruments as well as related parts and components.

    Industry Products
  • Western musical instruments
  • Musical instrument parts
  • Electronic musical instruments
  • Chinese musical instruments
  • Industry Activities
  • Western musical instrument
  • Chinese musical instrument
  • Electronic musical instrument
  • Musical instrument part
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic Goods Prices
  • Household Disposable Income
  • Export Market
  • Industry Regulation

  • Current Performance
    Foreign versus domestic manufacturersSlowed export growth
  • Chart: Revenue Growth

  • Industry Outlook
    Increasing competitionImports and exports
  • Table: Musical Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Musical Instrument Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Supermarkets
  • Colleges & Universities
  • Households
  • Online Shopping

  • Key Selling Industries
  • Copper Smelting
  • Sawmills

  • Products & Services
  • Western musical instruments
  • Electronic musical instruments
  • Musical instrument parts
  • Chinese musical instruments
  • Chart: Musical Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Household disposable income
  • Age structure
  • Positive social culture
  • Export markets

  • Major Markets
  • Musical instrument stores
  • Exports
  • Others
  • Sales subsidiaries
  • Chart: Major Market Segmentation for the Musical Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Musical Instrument Manufacturing

  • Basis of Competition
  • Price and quality
  • After-sales services
  • Brand awareness
  • Production scale
  • Training services
  • Domestic versus foreign manufacturers
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Musical Instrument Manufacturing Industry

  • Industry Globalization
    Yamaha Music & Electronics (China) Co., Ltd., Guangzhou Pearl River Piano Group Ltd., Parsons Music Corporation, KHS Musical Instruments Co., Ltd., Beijing Hsinghai Piano Group Ltd.,
  • Table: Yamaha Music & Electronics (China) Co., Ltd. - financial performance
  • Table: Guangzhou Pearl River Piano Group Ltd. - financial performance
  • Table: Parsons Music Corporation - financial performance
  • Table: KHS Musical Instruments Co., Ltd. - financial performance
  • Table: Beijing Hsinghai Piano Group Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Musical Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Musical Instrument Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Percussion Instrument
  • Examples include drums, pianos, and maracas. Sound is produced by one object striking another or by being scraped or shaken.
  • String Instrument
  • Examples include violins, violas, cellos, and double bass. Sound is produced by plucking, striking, or bowing taut strings.
  • Wind Instrument
  • Examples include clarinets, trumpets, and harmonicas. Sound is produced by the movement of an enclosed column of air, usually breath.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Musical Instrument Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Musical Instrument Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Musical Instrument Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Musical Instrument Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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