The market is dominated by foreign suppliers, as imports account for 52.5% of total market size in 2023. Households drive market demand, with household spending representing 63.5% of total demand in 2023. Germany has the largest market size for musical instruments regionally, with demand reaching USD1.4 billion in 2023. GEWA music GmbH is the largest company in Germany, generating 7.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 26.4% of total production value in 2023. The total number of companies increases in 2023, to 1,861 units. The costs of the industry increase by 6.5% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 19.7% of production value in 2023, the 10th highest regionally. The industry’s exports share decreases in 2023 to 56.3% of total production output. With production value of USD834 million, Germany accounts for % of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Musical Instruments in Germany: 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 Germany: 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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