Brazil Stringed Instruments Market Size & Outlook
The stringed instruments market in Brazil is expected to reach a projected revenue of US$ 223.6 million by 2030. A compound annual growth rate of 6% is expected of Brazil stringed instruments market from 2023 to 2030.
Revenue, 2022 (US$M)
$140.7
Forecast, 2030 (US$M)
$223.6
CAGR, 2023 - 2030
6%
Report Coverage
Brazil
Brazil stringed instruments market, 2018-2030 (US$M)
Related Markets
Brazil stringed instruments market highlights
- The Brazil stringed instruments market generated a revenue of USD 140.7 million in 2022 and is expected to reach USD 223.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2022.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Stringed instruments market data book summary
| Market revenue in 2022 | USD 140.7 million |
| Market revenue in 2030 | USD 223.6 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
| Key market players worldwide | Casio Computer Co Ltd, Roland Corp Ordinary Shares, Yamaha Corp, Kawai Musical Instruments Manufacturing, C.F. Martin & Co, D'Addario & Company, Inc., Eastman Music, Fender, Steinway & Sons |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global stringed instruments market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil stringed instruments market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 223.6 million by 2030.
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Stringed Instruments Market Scope
Stringed instruments market segmentation & scope
Saxophone
Flute
Harmonica
Piano
Accordion
Keyboard
Drum Set
Tabla
Cajon
Others
Stringed Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil stringed instruments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stringed instruments market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 90.76% in 2022. Horizon Databook has segmented the Brazil stringed instruments market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
- Brazil Stringed Instruments Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- Brazil Stringed Instruments Product Outlook (Revenue, USD Million, 2018-2030)
- Saxophone
- Flute
- Harmonica
- Piano
- Accordion
- Keyboard
- Drum Set
- Tabla
- Cajon
- Guitar
- Violin
- Cello
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil stringed instruments market , including forecasts for subscribers. This country databook contains high-level insights into Brazil stringed instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil stringed instruments market size, by distribution channel, 2018-2030 (US$M)
Brazil Stringed Instruments Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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