Bangi Inc (BNGI)

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Music Instrument Industry Is Still Highly Innovative

The global musical instrument industry is highly innovative. Today the global musical instrument industry has come a long way and is highly advanced and technology oriented.

Driven by high technology and online retailing trend, musical instruments are now more cost effective. In addition, the purchases are also made from local musical instrument retailers, chain stores and various other superstores. The instruments are primarily categorized into Piano, Digital Keyboards, Guitar, Wind Instrument and PA equipment.

The global musical instrument market is highly fragmented and characterized by the presence of more than 600 musical instrument manufacturers worldwide. The use of specific type of instrument in a region is highly influenced by the public taste in musical styles and cultural and social aspect of the specific geography.

The demand in the musical instrument industry is currently driven by growing adoption of music as a hobby and rising disposable income in emerging economies.