South Korea Musical Instruments Market (2020-2026) | Share, COVID-19 IMPACT, Growth, Outlook, Revenue, Value, Trends, Analysis, Industry, Size, Forecast & Companies

Market Forecast By Type (Percussion Instruments, String Instruments, Piano & Key Instruments, Organs & Air Blown Instruments, Others), By End-users (Commercial Events, Personal Use, Music Production/ Direction, Others) And Competitive Landscape
Product Code: ETC014323 Publication Date: Jun 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

South Korea Musical Instruments Market Competition 2023


South Korea Export Potential Assessment For Musical Instruments Market (USD Values in Thousand)


South Korea Musical Instruments Market Synopsis

South Korea musical instrument market is expected to grow at a CAGR of 5.6% during the forecast period 2020-2026. The increasing popularity of musical instruments among millennials and Gen Z, rising disposable incomes, growing demand for concerts & festivals, and the emergence of new music schools are some factors projected to drive the market growth in South Korea.

The most popular types of musical instruments in South Korea include keyboards and pianos, electric guitars, acoustic drumsets, violins & cellos, wind instruments such as flutes and clarinets; stringed instruments such as banjos, ukuleles & mandolins; brasswinds like trumpets & trombones; percussion/ethnic instruments such as djembes & cajons; harmonicas; electronic drum pads; digital audio workstations (DAWs); amplifiers/speakers/mixers etc.; pro-audio systems comprising microphones etc.; mixer consoles for recording purposes.

\H3 Players Major players on the South Korean Musical Instruments Market include YAMAHA Corporation., Roland Corporation., KORG Inc., Casio Computer Co., Ltd., Focusrite Audio Engineering Limited ULTIMATE SOUND Bank Corp (USB), EBS Sweden AB Gator Cases Inc., Gibson Brands LLC., Peavey Electronics Corporation SAMSON TECHNOLOGIES CORPORATION et al. Companies have been focusing on product innovation with advanced technologies to offer their customers better quality products at competitive prices thereby driving market growth in this region

Key Highlights of the Report:

  • South Korea Musical Instruments Market Outlook
  • Market Size of South Korea Musical Instruments Market, 2019
  • Forecast of South Korea Musical Instruments Market, 2026
  • Historical Data and Forecast of South Korea Musical Instruments Revenues & Volume for the Period 2016 - 2026
  • South Korea Musical Instruments Market Trend Evolution
  • South Korea Musical Instruments Market Drivers and Challenges
  • South Korea Musical Instruments Price Trends
  • South Korea Musical Instruments Porter's Five Forces
  • South Korea Musical Instruments Industry Life Cycle
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Percussion Instruments for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By String Instruments for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Piano & Key Instruments for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Organs & Air Blown Instruments for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By End-users for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Commercial Events for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Personal Use for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Music Production/ Direction for the Period 2016 - 2026
  • Historical Data and Forecast of South Korea Musical Instruments Market Revenues & Volume By Others for the Period 2016 - 2026
  • South Korea Musical Instruments Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-users
  • South Korea Musical Instruments Top Companies Market Share
  • South Korea Musical Instruments Competitive Benchmarking By Technical and Operational Parameters
  • South Korea Musical Instruments Company Profiles
  • South Korea Musical Instruments Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 South Korea Musical Instruments Market Overview

3.1 South Korea Country Macro Economic Indicators

3.2 South Korea Musical Instruments Market Revenues & Volume, 2019 & 2026F

3.3 South Korea Musical Instruments Market - Industry Life Cycle

3.4 South Korea Musical Instruments Market - Porter's Five Forces

3.5 South Korea Musical Instruments Market Revenues & Volume Share, By Type, 2019 & 2026F

3.6 South Korea Musical Instruments Market Revenues & Volume Share, By End-users, 2019 & 2026F

4 South Korea Musical Instruments Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 South Korea Musical Instruments Market Trends

6 South Korea Musical Instruments Market, By Types

6.1 South Korea Musical Instruments Market, By Type

6.1.1 Overview and Analysis

6.1.2 South Korea Musical Instruments Market Revenues & Volume, By Type, 2016 - 2026F

6.1.3 South Korea Musical Instruments Market Revenues & Volume, By Percussion Instruments, 2016 - 2026F

6.1.4 South Korea Musical Instruments Market Revenues & Volume, By String Instruments, 2016 - 2026F

6.1.5 South Korea Musical Instruments Market Revenues & Volume, By Piano & Key Instruments, 2016 - 2026F

6.1.6 South Korea Musical Instruments Market Revenues & Volume, By Organs & Air Blown Instruments, 2016 - 2026F

6.1.7 South Korea Musical Instruments Market Revenues & Volume, By Others, 2016 - 2026F

6.2 South Korea Musical Instruments Market, By End-users

6.2.1 Overview and Analysis

6.2.2 South Korea Musical Instruments Market Revenues & Volume, By Commercial Events, 2016 - 2026F

6.2.3 South Korea Musical Instruments Market Revenues & Volume, By Personal Use, 2016 - 2026F

6.2.4 South Korea Musical Instruments Market Revenues & Volume, By Music Production/ Direction, 2016 - 2026F

6.2.5 South Korea Musical Instruments Market Revenues & Volume, By Others, 2016 - 2026F

7 South Korea Musical Instruments Market Import-Export Trade Statistics

7.1 South Korea Musical Instruments Market Export to Major Countries

7.2 South Korea Musical Instruments Market Imports from Major Countries

8 South Korea Musical Instruments Market Key Performance Indicators

9 South Korea Musical Instruments Market - Opportunity Assessment

9.1 South Korea Musical Instruments Market Opportunity Assessment, By Type, 2019 & 2026F

9.2 South Korea Musical Instruments Market Opportunity Assessment, By End-users, 2019 & 2026F

10 South Korea Musical Instruments Market - Competitive Landscape

10.1 South Korea Musical Instruments Market Revenue Share, By Companies, 2019

10.2 South Korea Musical Instruments Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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