Wind Instruments - Indonesia

  • Indonesia
  • In Indonesia, the revenue generated in the Wind Instruments market is projected to reach C$261m in 2024.
  • It is anticipated that the market will experience an annual growth rate of 8.04% (Compound Annual Growth Rate) from 2024 to 2028.
  • Comparatively, in China dominates the global Wind Instruments market with a revenue of C$1,217m in 2024.
  • When considering the population size, the per person revenue in Indonesia is estimated to be C$0.93 in 2024.
  • The demand for traditional Indonesian wind instruments, such as the suling and seruling, is on the rise as musicians seek to preserve their cultural heritage.

Key regions: Italy, United States, Indonesia, United Kingdom, Europe

 
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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Overview

  • Revenue
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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