Key Market Indicators
Japan, Germany and Canada respectively ranked numbers 2, 3 and 4 in this ranking. American demand for musical instruments is projected to reach $1.48 billion by 2026, growing at an average rate of 0.6% year-on-year since 2021. The market has grown steadily since 1996, increasing by 2.4% annually. Germany, China and Japan are the top three foreign importers of American musical instruments. American musical instrument exports are expected to reach $782.8 million by 2026, with an average year-on-year growth rate of 0.5% since 2021. However, since 1996, American exports have declined by 0.1% annually. Japan, Germany and Canada are the top three foreign buyers of American musical instruments.