Product Code: ETC014325 | Publication Date: Jun 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Thailand Musical Instruments market currently, in 2023, has witnessed an HHI of 2728, Which has decreased moderately as compared to the HHI of 4746 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Thailand musical instruments market is projected to grow at a CAGR of 5.9% from 2020 to 2026. The increasing number of music schools and academies, as well as the popularity of western music styles are the primary drivers for growth in this sector. Additionally, the development of digital technologies such as MIDI controllers has allowed people with limited resources to access quality sound production equipment at an affordable cost. Furthermore, rising disposable incomes among consumers have enabled them to purchase high-end musical instruments that produce superior sounds
However, there are certain challenges faced by this industry such as counterfeiting and availability of cheaper products from neighboring countries like China which makes it difficult for local manufacturers to compete effectively in terms of pricing and product quality. Moreover, cultural shifts towards other forms entertainment such karaoke bars may also hamper growth prospects in this sector over the forecast period.
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 Thailand Musical Instruments Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Musical Instruments Market Revenues & Volume, 2019 & 2026F |
3.3 Thailand Musical Instruments Market - Industry Life Cycle |
3.4 Thailand Musical Instruments Market - Porter's Five Forces |
3.5 Thailand Musical Instruments Market Revenues & Volume Share, By Type, 2019 & 2026F |
3.6 Thailand Musical Instruments Market Revenues & Volume Share, By End-users, 2019 & 2026F |
4 Thailand Musical Instruments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Musical Instruments Market Trends |
6 Thailand Musical Instruments Market, By Types |
6.1 Thailand Musical Instruments Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Musical Instruments Market Revenues & Volume, By Type, 2016 - 2026F |
6.1.3 Thailand Musical Instruments Market Revenues & Volume, By Percussion Instruments, 2016 - 2026F |
6.1.4 Thailand Musical Instruments Market Revenues & Volume, By String Instruments, 2016 - 2026F |
6.1.5 Thailand Musical Instruments Market Revenues & Volume, By Piano & Key Instruments, 2016 - 2026F |
6.1.6 Thailand Musical Instruments Market Revenues & Volume, By Organs & Air Blown Instruments, 2016 - 2026F |
6.1.7 Thailand Musical Instruments Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 Thailand Musical Instruments Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 Thailand Musical Instruments Market Revenues & Volume, By Commercial Events, 2016 - 2026F |
6.2.3 Thailand Musical Instruments Market Revenues & Volume, By Personal Use, 2016 - 2026F |
6.2.4 Thailand Musical Instruments Market Revenues & Volume, By Music Production/ Direction, 2016 - 2026F |
6.2.5 Thailand Musical Instruments Market Revenues & Volume, By Others, 2016 - 2026F |
7 Thailand Musical Instruments Market Import-Export Trade Statistics |
7.1 Thailand Musical Instruments Market Export to Major Countries |
7.2 Thailand Musical Instruments Market Imports from Major Countries |
8 Thailand Musical Instruments Market Key Performance Indicators |
9 Thailand Musical Instruments Market - Opportunity Assessment |
9.1 Thailand Musical Instruments Market Opportunity Assessment, By Type, 2019 & 2026F |
9.2 Thailand Musical Instruments Market Opportunity Assessment, By End-users, 2019 & 2026F |
10 Thailand Musical Instruments Market - Competitive Landscape |
10.1 Thailand Musical Instruments Market Revenue Share, By Companies, 2019 |
10.2 Thailand Musical Instruments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |