China’s musical instruments market soars, fusing tradition with digital preservation
In recent years, the musical instrument market in China has experienced steady growth. As of 2023, the country had the biggest market worldwide, followed by India and the US, and reached a revenue of USD 9.2 billion (RMB 66 billion) in the same year, recording an 8% growth year-on-year. Almost half of the market’s revenue […]
How the popularization of music is boosting the guitar market in China
Due to the popularization of outside activities and festivals, the guitar market has flourished and will grow over the next few years. The global guitar market reached USD 432,34 million in 2019 and will reach USD 503.48 million in 2026 with the CAGR of 2.2% over the forecast period. China is a key region in […]