Violin is a stringed musical instrument that have four strings tuned at intervals of a fifth and a usual range from G below middle C upward for more than 4?/? octaves and have a shallow body, shoulders at right angles to the neck, a fingerboard without frets, and a curved bridge.
North America violin market size was valued at around USD 166.46 million in 2018. APAC countries such as China, India, and South Korea currently have a low penetration rate but are expected to emerge as an attractive opportunity for vendors to venture during this period. The region is predicted to emerge as the fastest growing markets for violins globally
The global Violin industry is characterized by several large international manufactures and many smaller regional manufactures. Therefore, market share concentration is relatively low. The five largest operators account for about 66.56% of total industry revenue in 2018. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures.
The increase in disposable income, changing lifestyles, and high standards of living have motivated individuals to spend more on leisure activities. It has led to a rise in the sales of musical instruments such as guitars, pianos, and violins. To capitalize on the market demand, vendors are predicted to focus more on the frequent changes in consumer preferences presented by the market. Established vendors are likely to scale up their investments in branding and expanding their collection of existing violins, as well as acquiring new players.
According to this study, over the next five years the Violins market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 340 million by 2024, from US$ 310 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Violins business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Violins market by product type, application, key manufacturers and key regions and countries.
This study considers the Violins value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Electric Violin
Acoustic Violin
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Professional Performance
Learning and Training
Individual Amateurs
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
YAMAHA
FranzSandner
Stentor
FengLegend
KAPOK
GCV-Violins
JinYin Musical
Bellafina
NS Design
Barcus Berry
Hofner
Beijing Forest Violins
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Violins consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Violins market by identifying its various subsegments.
Focuses on the key global Violins manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Violins with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Violins submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
