The data provided forecasts a gradual decline in hours worked in the musical instruments sector in the Netherlands from 2024 to 2028. Specifically, hours worked are projected to decrease from 598.19 thousand hours in 2024 to 588.18 thousand hours in 2028. When comparing year-on-year variations, a consistent downward trend is evident, with annual decreases: 0.42% in 2025, 0.42% in 2026, 0.42% in 2027, and continuing at 0.42% in 2028. This trend reflects an average compound annual growth rate (CAGR) of -0.67% over the five-year period from 2024 to 2028.
Future trends to watch for include potential shifts in consumer preferences towards digital and virtual musical instruments, advancements in music technology, and the impact of economic conditions on discretionary spending related to musical instruments.
