In 2023, the production of accordions and similar instruments, including mouth organs in Italy, stood at an earlier baseline. Forecasted data from 2024 to 2028 indicate a steady, albeit slow, upward trend in the sold production volume of these musical instruments. Starting from 12.53 thousand items in 2024, the production is projected to incrementally rise to 12.71 thousand items by 2028. Year-on-year variation reveals an average annual growth rate (CAGR) of around 0.3% over this period, reflecting stability in the market.
Future trends to watch for:
- Potential impacts of technological advancements on production and design.
- Changes in consumer preferences towards new musical trends or traditional instruments.
- Economic factors affecting manufacturing capabilities and export opportunities.
- Environmental policies influencing sustainable production processes.