In 2023, Germany led the European musical instruments sector with a 22.94% share, followed by France at 20.67% and Italy with 11.04%. Germany's enterprise growth accelerated with a 3.27% increase while France saw a 3.58% rise. Poland, the Czech Republic, Slovakia, Belgium, Greece, and Switzerland experienced declines in their enterprise shares, with the Czech Republic and Switzerland facing some of the most significant drops. Latvia recorded an impressive 11.2% increase, showing regional growth potential.
Future trends to watch include the impact of digitalization in musical instrument manufacturing and sales, shifts in consumer preferences towards sustainable products, and increased collaboration between countries to strengthen market presence and innovation.
Top countries in Musical Instruments Number of Enterprises Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.94 | 2023 | +2.98% | +3.27% | View data |
| 2 | 2 France | 20.67 | 2023 | +2.95% | +3.58% | View data |
| 3 | 3 Italy | 11.04 | 2023 | +1.33% | +0.53% | View data |
| 4 | 4 Netherlands | 6.51 | 2023 | +1.58% | +1.97% | View data |
| 5 | 5 Spain | 4.59 | 2023 | +1.92% | +2.58% | View data |
| 6 | 6 Poland | 4.16 | 2023 | +0.35% | -0.41% | View data |
| 7 | 7 Sweden | 4.06 | 2023 | +1.08% | +1.18% | View data |
| 8 | 8 United Kingdom | 3.93 | 2023 | -0.37% | -0.15% | View data |
| 9 | 9 Czech Republic | 3.7 | 2023 | -3.03% | -2.66% | View data |
| 10 | 10 Austria | 3.5 | 2023 | +1.26% | +1.56% | View data |
