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The Musical instruments market - Spain

An analysis with all the essential information for a clear, complete and quantified view of this market.

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Study Overview

The musical instrument market covers all instrument sales of the following 5 families of musical instruments: woodwinds, keyboards, strings, brass, and percussion. This market can also be linked to the sale of electronic musical instruments (from mixing boards to electronic drums). Spain is one of the most famous countries in Europe for its strong anchoring in various musical traditions centered around folk music, string (guitar), and percussion instruments, symbols of the highly recognized Flamenco. In addition, Spain is a trailblazer of many instruments recognized worldwide (castanets, classical guitar, or timpani) and remains very rich in terms of musical influences with different styles in different parts of the country (Andalusian music is different from Galician or Basque music, for example), which influences the consumption of musical instruments in each region. The market for musical instruments, although dominated by the Japanese giant Yamaha, is characterized by a significant number of SMEs with ancestral know-how, as well as a strong presence in the market with high competitive intensity. The musical instruments market has to deal with the development of online sales sites and the development of sales between private individuals on dedicated platforms, which may lead to penalizing traditional distribution networks.