Press release
Music Box Industry Is Predicted To Reach 20 Million USD in 2025 - QY Research
For top companies, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis. A music box or musical box is an automatic musical instrument in a box that produces musical notes by using a set of pins placed on a revolving cylinder or disc to pluck the tuned teeth (or lamellae) of a steel comb. They were developed from musical snuff boxes of the 18th century and called carillons à musique (French for "chimes of music"). Some of the more complex boxes also contain a tiny drum and/or bells in addition to the metal comb.
There are two broad categories of musical box, cylinder or disc. Many variations of each type exist. Based on the number of the vibration plate, 18-note music box is the most popular type among consumers, with 77.29% market share in 2017, 30-note followed, with much higher prices. Based on downstream buyer type, current demand mainly comes from enterprise orders, souvenir shops, gift shops and private collection hobbies. Music boxes are available from stores and online, and range in price from US$20 for a quality movement, to over $1,000 for the most elaborate pieces.
The small 18-note musical movements are now being made almost exclusively in countries with low labor costs such as China, Taiwan and other Asia countries, while premium models mainly produced in Switzerland and USA. In 2018, the global Music Box market size was 32 million US$ and is forecast to 20 million US in 2025, growing at a CAGR of -5.6% from 2018. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Music Box.
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This report includes the following manufacturers; we can also add the other companies as you want.
Reuge
Nidec Sankyo Corporation
Yunsheng
Market Segment by Product Type
18 Note
30 Note
Market Segment by Application
Online Sales
Specialty Store
Supermarket
Market size split by Region
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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