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Musical Instrument Manufacturing in Germany Industry Data and Analysis
German musical instrument manufacturers are strongly export-orientated and have developed their sales markets well internationally. Over the past five years, musical instrument manufacturing in Germany has been under considerable pressure. Industry turnover fell by an average of 1%. A major trigger was the collapse of the Chinese piano market, which shrank to around a quarter of its former size after China cancelled musical performance as a criterion for admission to universities. According to statistics from the Federal Statistical Office, the production of pianos in Germany fell from 3,627 units in 2022 to 1,336 units in 2024. At the same time, a growing shortage of skilled labour exacerbated the industry's structural problems. The number of trainees in piano manufacturing fell by 31% to 86% in the 2025/2026 training year. The trend towards digital music-making and home recording has boosted demand for electrophones and noticeably increased their share of total export value. At the same time, imports from Asian countries are increasing, particularly in the electronic segment. Asian suppliers are increasingly setting standards in digital technology and software integration. This is further intensifying the competitive pressure on domestic manufacturers in the entry-level and mid-price segments.
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What's included in this industry analysis
IBISWorld's research coverage on the Musical Instrument Manufacturing industry in Germany includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released April 2026.
About this industry
What's this industry report about?
The Musical Instrument Manufacturing industry in Germany operates under the WZ industry code C32.20DE. The musical instrument manufacturing industry encompasses the production of a wide variety of instruments. It also includes the manufacture of electronic musical instruments and various accessories such as tuning forks, metronomes and signalling horns. The industry does not include various trades in the music industry, the tuning of pianos and the manufacture of musical toys. Related terms covered in the Musical Instrument Manufacturing industry in Germany include digital instruments, an-institute, endorsement and electrophone.
What's included in this industry?
Products and services covered in Musical Instrument Manufacturing industry in Germany include Individual parts and accessories, Stringed instruments with keyboard and Electronic musical instruments.
What companies are included in this industry?
Companies covered in the Musical Instrument Manufacturing industry in Germany include Steinway Musical Instruments Holdings, Inc., Gewa Music GmbH and König & Meyer GmbH & Co. KG.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Musical Instrument Manufacturing industry in Germany.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Musical Instrument Manufacturing industry in Germany.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Musical Instrument Manufacturing industry in Germany.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Musical Instrument Manufacturing industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Musical Instrument Manufacturing industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Musical Instrument Manufacturing industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Musical Instrument Manufacturing industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Musical Instrument Manufacturing industry in Germany.
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Frequently Asked Questions
What is the market size of the Musical Instrument Manufacturing industry in Germany in 2026?
The market size of the Musical Instrument Manufacturing industry in Germany is €854.9m in 2026.
How many businesses are there in the Musical Instrument Manufacturing industry in Germany in 2026?
There are 1,221 businesses in the Musical Instrument Manufacturing industry in Germany, which has declined at a CAGR of 1.3 % between 2021 and 2026.
How may import tariffs affect the Musical Instrument Manufacturing industry in Germany?
The Musical Instrument Manufacturing industry in Germany is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Musical Instrument Manufacturing industry in Germany?
The Musical Instrument Manufacturing industry in Germany is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Musical Instrument Manufacturing industry in Germany grown or declined over the past 5 years?
The market size of the Musical Instrument Manufacturing industry in Germany has been declining at a CAGR of 1.0 % between 2021 and 2026.
What is the forecast growth of the Musical Instrument Manufacturing industry in Germany over the next 5 years?
Over the next five years, the Musical Instrument Manufacturing industry in Germany is expected to grow.
What are the biggest companies in the Musical Instrument Manufacturing industry in Germany?
The biggest companies operating in the Musical Instrument Manufacturing industry in Germany are Steinway Musical Instruments Holdings, Inc., Gewa Music GmbH and König & Meyer GmbH & Co. KG
What does the Musical Instrument Manufacturing industry in Germany include?
Individual parts and accessories and Stringed instruments with keyboard are part of the Musical Instrument Manufacturing industry in Germany.
Which companies have the highest market share in the Musical Instrument Manufacturing industry in Germany?
The company holding the most market share in the Musical Instrument Manufacturing industry in Germany is Steinway Musical Instruments Holdings, Inc..
How competitive is the Musical Instrument Manufacturing industry in Germany?
The level of competition is high and increasing in the Musical Instrument Manufacturing industry in Germany.
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