The market is dominated by foreign suppliers, as imports account for 76.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 59.6% of total demand in 2022. Japan has the third largest market size for musical instruments regionally, with demand reaching USD1.1 billion in 2022. Yamaha Corp is the largest company in Japan, generating 21.0% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 33.0% of total production value in 2022. The total number of companies increases in 2022, to 867 units. The costs of the industry decrease by 11.5% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.9% of production value in 2022, the fourth highest regionally. The industry’s exports share increases in 2022 to 65.6% of total production output. With production value of USD536 million, Japan accounts for 3.7% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Musical Instruments in Japan: ISIC 3692. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Musical Instruments in Japan: ISIC 3692 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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