The forecast for sold production of accordions and similar instruments, including mouth organs in Italy, shows a declining trend from 2024 to 2028. Starting at 19.262 million Euros in 2024, the value consistently drops each year, reaching 17.856 million Euros by 2028. This represents a steady decrease, indicating a possible contraction in market demand or a shift in consumer preferences. The compound annual growth rate (CAGR) over these five years is negative, highlighting a consistent reduction in market size. In 2023, the market stood at a similar level as 2024, suggesting stability followed by decline.
Future trends to watch for include potential shifts in consumer interest towards digital or alternative musical instruments, changes in cultural trends influencing musical preferences, and potential impacts of economic factors on discretionary spending for musical goods.
