Manufacture of musical instruments in Mexico
Our analysis indicates that around 430 establishments are dedicated to the activity of Manufacture of musical instruments nationwide, with MXN $480 millions estimated annual revenue.
The market of Manufacture of musical instruments is formed by 430 businesses distributed throughout the country, with an estimated annual revenue close to MXN $480 millions.
According to the market research report prepared by MarketDataMexico, five establishments lead the annual revenue generation in the activity of Fábricas de instrumentos musicales in Mexico, with an approximate 89% of the estimated total annual revenue. Some of the main players in this market are INSTRUMENTOS MUSICALES FENDER SA de CV, TAYLOR MUSICAL INST MEX SRLCV and TAYLOR MUSICAL INSTRUMENTS DE MEXICO, S de RL de CV.
Performance by State: Michoacan leads the business
Most of this activity´s revenue is generated in Michoacan, with an average MXN $240 millions in estimated annual revenue. Following by importance is Baja California, with MXN $170 millions, and in the third place, Mexico City, where companies in this activity generate around MXN $21 millions in estimated annual revenue.
What products are manufactured by these businesses?
Some of the products fabricated in these establishments are: ACCORDIONS, HARMONIC, HARPS y AUTOPHONE, among others.
Annual expenses of these establishments
On an annual basis, companies in this area report an estimated average of $260 millions in total expenses, of which $23 millions correspond to expenses for rent and rental of movable and immovable property, $4 millions to fuel and lubricants, and MXN $15 millions to expenses in electricity.
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and sectors in the country.
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