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Violins Market to Witness Robust Expansion by 2024– Top Key players like YAMAHA,FranzSandner,Stentor,Inc.
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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.
The worldwide market for Violins is expected to grow at a CAGR of roughly 2.1% over the next five years, will reach 340 million US$ in 2024, from 310 million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
YAMAHA
FranzSandner
Stentor
FengLegend
KAPOK
GCV-Violins
JinYin Musical
Bellafina
NS Design
Barcus Berry
Hofner
Beijing Forest Violins
Market Segment by Type, covers
Electric Violin
Acoustic Violin
Market Segment by Applications, can be divided into
Professional Performance
Learning and Training
Individual Amateurs
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Related Information:
North America Violins Market Growth 2019-2024
United States Violins Market Growth 2019-2024
Asia-Pacific Violins Market Growth 2019-2024
Europe Violins Market Growth 2019-2024
EMEA Violins Market Growth 2019-2024
Global Violins Market Growth 2019-2024
China Violins Market Growth 2019-2024
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