The market is dominated by domestic suppliers, as imports account for 47.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 66.5% of total demand in 2023. Australia has the third largest market size for musical instruments across the top 20 developed countries, with demand reaching USD1.6 billion in 2023. Maton Pty Ltd is the largest company in Australia, generating 2.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 3.5% of total production value in 2023. The total number of companies increases in 2023, to 1,338 units. The costs of the industry increase by 1.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 32.6% of production value in 2023, the third highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 37.3% of total production output. With production value of USD1.4 billion, Australia accounts for 88.3% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Musical Instruments in Australia: ISIC 3692. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Musical Instruments in Australia: ISIC 3692 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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