Violins Market: Opportunity assessment, macro-economic factors analysis, impact analysis by 2019-2025

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 4¹/₂ 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.

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The global Violins market was 310 million US$ in 2018 and is expected to 360 million US$ by the end of 2025, growing at a CAGR of 2.3% between 2019 and 2025.

This report studies the Violins market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Violins in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

YAMAHA

FranzSandner

Stentor

FengLegend

KAPOK

GCV-Violins

JinYin Musical

Bellafina

NS Design

Barcus Berry

Hofner

Beijing Forest Violins

By the product type, the market is primarily split into

Electric Violin

Acoustic Violin

By the end users/application, this report covers the following segments

Professional Performance

Learning and Training

Individual Amateurs

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