Musical Instruments Market: Global Industry Analysis and Forecast (2021-2027) by Type, End use and Region

Musical Instruments Market was worth US$ 7.82 Bn in 2020 and total revenue is expected to grow at a rate of 2.1 % CAGR from 2021 to 2027, reaching almost US$ 9.4 Bn in 2027.

Musical Instruments Market Overview:

Instruments that generate musical sounds are known as musical instruments. Individual and collective identities, as well as physical geographies, are expressed and reflected by these tools. The function of a musical instrument in a society can vary greatly; for example, it can be used for amusement or as part of a ritual, its use in an ensemble might represent social cohesion, or having a specific instrument can improve one's status. The market is expected to reach 9.4 Bn in 2027 at CAGR 2.1%. Global Musical Instruments Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

Musical Instrument Market Dynamics:

The global musical instruments market is being driven by the growing popularity of live musical performances and concerts. Audiences are gravitating toward live music performances instead of viewing recorded music or new releases on television. Also due to increased penetration of social media platforms such as Facebook, Instagram, and YouTube, as well as developments in audio technology, the popularity of live musical performances and concerts is increasing. As a result, a number of musicians have earned international reputation and attention. The number of self-employed musicians has risen in recent years, resulting in the establishment of a number of musical bands and crews. Musical instruments can be quite costly. Pianos, violins, and guitars are difficult to make and take a long time to finish. It implies that enough time and money should be spent on the creation of musical instruments. As a result, the final price of these musical instruments is exorbitant. As technology has progressed, new goods in the musical instrument sector, such as digital and electronic pianos, have emerged. As a result, they are more expensive than traditional musical instruments. The majority of people are unable to buy such expensive products. Businesses will increasingly find it more difficult to sell their products as a result of this.

Musical Instrument Market Segment Analysis:

Global Musical Instrument Market is segmented into Type and End use. Based on Type, the market is sub-segmented into Percussion Instruments, String Instruments, Piano & Key Instruments, and Organs & Air Blown Instruments. In 2020, the highest market share was held by stringed and percussion musical instruments. Guitars, pianos, and violins are among the instruments included in this category. The surge in sales of electric guitars and keyboards is credited for the segment's growth. Due to the social desirability bias among many people, the millennial generation has seen an increase in the popularity of guitars. Also, as purchasing power has increased, the cost of instruments has decreased through time. Over the forecast period, this is expected to boost product sales in this area. Global Musical Instruments MarketBased on End Users, the market is sub-segmented into Commercial Events, Personal Use, Music Production/ Direction and Others. Due to the rise in commercial events around the world, commercial events are likely to hold the greatest share of the market during the forecast period. The rising popularity of musical events among young people is fuelling positive growth in the global musical instruments industry. The global musical instruments market is expected to grow during the forecast period, owing to the growing popularity of western music among younger people all over the world. The music production/direction segment is expected to drive the global musical instruments market in the near future.

Musical Instrument Market Regional Insights:

North America is expected to hold the largest share in the global musical instruments market during the forecast period owing to the rise in the popularity of live music among consumers coupled with a developed economy. The US is anticipated to drive the musical instruments market growth in this region owing to growth in consumption of keyboard stringed instruments. Europe is also expected to boost the global musical instruments market during the forecast period. In this region, Germany, Italy, and France are projected to lead the musical instruments market growth in the near future. The Asia Pacific is expected to generate highest CAGR in the global musical instruments market during the forecast period owing to the increasing popularity of music among consumers and growing spending power of middle-class population among developing countries of this region such as India and China Objective of the report is to present a comprehensive analysis of the Global Musical Instrument market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Musical Instrument market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Musical Instrument market make the report investor’s guide

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Global Musical Instrument Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 7.82 Bn.
Forecast Period 2021 to 2027 CAGR: 2.1% Market Size in 2027: US $ 9.4 Bn.
Segments Covered: by Type • Percussion Instruments • String Instruments • Piano & Key Instruments • Organs & Air Blown Instruments • Others
by End-use • Commercial Events • Personal Use • Music Production/ Direction • Others

Global Musical Instrument Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Musical Instrument Market key player

• Freq Roland • Kawai • Pearl • Tama • Mapex • Sonor • ESP • Gibson Guitars and Basses • QRS Music • Fender Musical Corporation • Steinway Musical Instruments • Zildjian Cymbals • Paiste Cymbals • Cort • Casio • Yamaha • C F Martin • Korg • Ibanez • Pluto • Tristar • Granada • HOSHINO GAKKI Co. Ltd. • NS Design • inMusic Brands Frequently Asked Questions: 1) What was the market size of Global Musical Instrument Market markets in 2020? Ans - Global Musical Instrument Market was worth US$ 7.82 Bn in 2020. 2) What is the market segment of Global Musical Instrument Market markets? Ans -The market segments are based on Type and End Users. 3) What is forecast period consider for Global Musical Instrument Market? Ans -The forecast period for Global Musical Instrument Market is 2021 to 2027. 4) Which are the worldwide major key players covered for Global Musical Instrument Market report? Ans - Freq Roland, Kawai, Pearl, Tama, Mapex, Sonor, ESP, Gibson Guitars and Basses, QRS Music, Fender Musical Corporation, Steinway Musical Instruments, Zildjian Cymbals, Paiste Cymbals, Cort, Casio, Yamaha, C F Martin, Korg, Ibanez, Pluto, Tristar, Granada, HOSHINO GAKKI Co. Ltd., NS Design and inMusic Brands 5) Which region is dominated in Global Musical Instrument Market? Ans -In 2020, North America region dominated the Global Musical Instrument Market

Global Musical Instruments Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Musical Instruments Market Size, by Market Value (US$ Bn) and Volume (US$ Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Musical Instruments Market Analysis and Forecast 6.1. Global Musical Instruments Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Musical Instruments Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Musical Instruments Market Value Share Analysis, by Type 7.4. Global Musical Instruments Market Size (US$ Bn) Forecast, by Type 7.5. Global Musical Instruments Market Analysis, by Type 7.6. Global Musical Instruments Market Attractiveness Analysis, by Type 8. Global Musical Instruments Market Analysis and Forecast, by End-use 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Musical Instruments Market Value Share Analysis, by End-use 8.4. Global Musical Instruments Market Size (US$ Bn) Forecast, by End-use 8.5. Global Musical Instruments Market Analysis, by End-use 8.6. Global Musical Instruments Market Attractiveness Analysis, by End-use 9. Global Musical Instruments Market Analysis, by Region 9.1. Global Musical Instruments Market Value Share Analysis, by Region 9.2. Global Musical Instruments Market Size (US$ Bn) Forecast, by Region 9.3. Global Musical Instruments Market Attractiveness Analysis, by Region 10. North America Musical Instruments Market Analysis 10.1. Key Findings 10.2. North America Musical Instruments Market Overview 10.3. North America Musical Instruments Market Value Share Analysis, by Type 10.4. North America Musical Instruments Market Forecast, by Type 10.4.1. Percussion Instruments 10.4.2. String Instruments 10.4.3. Piano & Key Instruments 10.4.4. Organs & Air Blown Instruments 10.4.5. Others 10.5. North America Musical Instruments Market Value Share Analysis, by End-use 10.6. North America Musical Instruments Market Forecast, by End-use 10.6.1. Commercial Events 10.6.2. Personal Use 10.6.3. Music Production/ Direction 10.6.4. Others 10.7. North America Musical Instruments Market Value Share Analysis, by Country 10.8. North America Musical Instruments Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Musical Instruments Market Analysis, by Country 10.10. U.S. Musical Instruments Market Forecast, by Type 10.10.1. Percussion Instruments 10.10.2. String Instruments 10.10.3. Piano & Key Instruments 10.10.4. Organs & Air Blown Instruments 10.10.5. Others 10.11. U.S. Musical Instruments Market Forecast, by End-use 10.11.1. Commercial Events 10.11.2. Personal Use 10.11.3. Music Production/ Direction 10.11.4. Others 10.12. Canada Musical Instruments Market Forecast, by Type 10.12.1. Percussion Instruments 10.12.2. String Instruments 10.12.3. Piano & Key Instruments 10.12.4. Organs & Air Blown Instruments 10.12.5. Others 10.13. Canada Musical Instruments Market Forecast, by End-use 10.13.1. Commercial Events 10.13.2. Personal Use 10.13.3. Music Production/ Direction 10.13.4. Others 10.14. North America Musical Instruments Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By End-use 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Musical Instruments Market Analysis 11.1. Key Findings 11.2. Europe Musical Instruments Market Overview 11.3. Europe Musical Instruments Market Value Share Analysis, by Type 11.4. Europe Musical Instruments Market Forecast, by Type 11.4.1. Percussion Instruments 11.4.2. String Instruments 11.4.3. Piano & Key Instruments 11.4.4. Organs & Air Blown Instruments 11.4.5. Others 11.5. Europe Musical Instruments Market Value Share Analysis, by End-use 11.6. Europe Musical Instruments Market Forecast, by End-use 11.6.1. Commercial Events 11.6.2. Personal Use 11.6.3. Music Production/ Direction 11.6.4. Others 11.7. Europe Musical Instruments Market Value Share Analysis, by Country 11.8. Europe Musical Instruments Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Musical Instruments Market Analysis, by Country 11.10. Germany Musical Instruments Market Forecast, by Type 11.10.1. Percussion Instruments 11.10.2. String Instruments 11.10.3. Piano & Key Instruments 11.10.4. Organs & Air Blown Instruments 11.10.5. Others 11.11. Germany Musical Instruments Market Forecast, by End-use 11.11.1. Commercial Events 11.11.2. Personal Use 11.11.3. Music Production/ Direction 11.11.4. Others 11.12. U.K. Musical Instruments Market Forecast, by Type 11.12.1. Percussion Instruments 11.12.2. String Instruments 11.12.3. Piano & Key Instruments 11.12.4. Organs & Air Blown Instruments 11.12.5. Others 11.13. U.K. Musical Instruments Market Forecast, by End-use 11.13.1. Commercial Events 11.13.2. Personal Use 11.13.3. Music Production/ Direction 11.13.4. Others 11.14. France Musical Instruments Market Forecast, by Type 11.14.1. Percussion Instruments 11.14.2. String Instruments 11.14.3. Piano & Key Instruments 11.14.4. Organs & Air Blown Instruments 11.14.5. Others 11.15. France Musical Instruments Market Forecast, by End-use 11.15.1. Commercial Events 11.15.2. Personal Use 11.15.3. Music Production/ Direction 11.15.4. Others 11.16. Italy Musical Instruments Market Forecast, by Type 11.16.1. Percussion Instruments 11.16.2. String Instruments 11.16.3. Piano & Key Instruments 11.16.4. Organs & Air Blown Instruments 11.16.5. Others 11.17. Italy Musical Instruments Market Forecast, by End-use 11.17.1. Commercial Events 11.17.2. Personal Use 11.17.3. Music Production/ Direction 11.17.4. Others 11.18. Spain Musical Instruments Market Forecast, by Type 11.18.1. Percussion Instruments 11.18.2. String Instruments 11.18.3. Piano & Key Instruments 11.18.4. Organs & Air Blown Instruments 11.18.5. Others 11.19. Spain Musical Instruments Market Forecast, by End-use 11.19.1. Commercial Events 11.19.2. Personal Use 11.19.3. Music Production/ Direction 11.19.4. Others 11.20. Rest of Europe Musical Instruments Market Forecast, by Type 11.20.1. Percussion Instruments 11.20.2. String Instruments 11.20.3. Piano & Key Instruments 11.20.4. Organs & Air Blown Instruments 11.20.5. Others 11.21. Rest of Europe Musical Instruments Market Forecast, by End-use 11.21.1. Commercial Events 11.21.2. Personal Use 11.21.3. Music Production/ Direction 11.21.4. Others 11.22. Europe Musical Instruments Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By End-use 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Musical Instruments Market Analysis 12.1. Key Findings 12.2. Asia Pacific Musical Instruments Market Overview 12.3. Asia Pacific Musical Instruments Market Value Share Analysis, by Type 12.4. Asia Pacific Musical Instruments Market Forecast, by Type 12.4.1. Percussion Instruments 12.4.2. String Instruments 12.4.3. Piano & Key Instruments 12.4.4. Organs & Air Blown Instruments 12.4.5. Others 12.5. Asia Pacific Musical Instruments Market Value Share Analysis, by End-use 12.6. Asia Pacific Musical Instruments Market Forecast, by End-use 12.6.1. Commercial Events 12.6.2. Personal Use 12.6.3. Music Production/ Direction 12.6.4. Others 12.7. Asia Pacific Musical Instruments Market Value Share Analysis, by Country 12.8. Asia Pacific Musical Instruments Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Musical Instruments Market Analysis, by Country 12.10. China Musical Instruments Market Forecast, by Type 12.10.1. Percussion Instruments 12.10.2. String Instruments 12.10.3. Piano & Key Instruments 12.10.4. Organs & Air Blown Instruments 12.10.5. Others 12.11. China Musical Instruments Market Forecast, by End-use 12.11.1. Commercial Events 12.11.2. Personal Use 12.11.3. Music Production/ Direction 12.11.4. Others 12.12. India Musical Instruments Market Forecast, by Type 12.12.1. Percussion Instruments 12.12.2. String Instruments 12.12.3. Piano & Key Instruments 12.12.4. Organs & Air Blown Instruments 12.12.5. Others 12.13. India Musical Instruments Market Forecast, by End-use 12.13.1. Commercial Events 12.13.2. Personal Use 12.13.3. Music Production/ Direction 12.13.4. Others 12.14. Japan Musical Instruments Market Forecast, by Type 12.14.1. Percussion Instruments 12.14.2. String Instruments 12.14.3. Piano & Key Instruments 12.14.4. Organs & Air Blown Instruments 12.14.5. Others 12.15. Japan Musical Instruments Market Forecast, by End-use 12.15.1. Commercial Events 12.15.2. Personal Use 12.15.3. Music Production/ Direction 12.15.4. Others 12.16. ASEAN Musical Instruments Market Forecast, by Type 12.16.1. Percussion Instruments 12.16.2. String Instruments 12.16.3. Piano & Key Instruments 12.16.4. Organs & Air Blown Instruments 12.16.5. Others 12.17. ASEAN Musical Instruments Market Forecast, by End-use 12.17.1. Commercial Events 12.17.2. Personal Use 12.17.3. Music Production/ Direction 12.17.4. Others 12.18. Rest of Asia Pacific Musical Instruments Market Forecast, by Type 12.18.1. Percussion Instruments 12.18.2. String Instruments 12.18.3. Piano & Key Instruments 12.18.4. Organs & Air Blown Instruments 12.18.5. Others 12.19. Rest of Asia Pacific Musical Instruments Market Forecast, by End-use 12.19.1. Commercial Events 12.19.2. Personal Use 12.19.3. Music Production/ Direction 12.19.4. Others 12.20. Asia Pacific Musical Instruments Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By End-use 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Musical Instruments Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Musical Instruments Market Overview 13.3. Middle East & Africa Musical Instruments Market Value Share Analysis, by Type 13.4. Middle East & Africa Musical Instruments Market Forecast, by Type 13.4.1. Percussion Instruments 13.4.2. String Instruments 13.4.3. Piano & Key Instruments 13.4.4. Organs & Air Blown Instruments 13.4.5. Others 13.5. Middle East & Africa Musical Instruments Market Value Share Analysis, by End-use 13.6. Middle East & Africa Musical Instruments Market Forecast, by End-use 13.6.1. Commercial Events 13.6.2. Personal Use 13.6.3. Music Production/ Direction 13.6.4. Others 13.7. Middle East & Africa Musical Instruments Market Value Share Analysis, by Country 13.8. Middle East & Africa Musical Instruments Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Musical Instruments Market Analysis, by Country 13.10. GCC Musical Instruments Market Forecast, by Type 13.10.1. Percussion Instruments 13.10.2. String Instruments 13.10.3. Piano & Key Instruments 13.10.4. Organs & Air Blown Instruments 13.10.5. Others 13.11. GCC Musical Instruments Market Forecast, by End-use 13.11.1. Commercial Events 13.11.2. Personal Use 13.11.3. Music Production/ Direction 13.11.4. Others 13.12. South Africa Musical Instruments Market Forecast, by Type 13.12.1. Percussion Instruments 13.12.2. String Instruments 13.12.3. Piano & Key Instruments 13.12.4. Organs & Air Blown Instruments 13.12.5. Others 13.13. South Africa Musical Instruments Market Forecast, by End-use 13.13.1. Commercial Events 13.13.2. Personal Use 13.13.3. Music Production/ Direction 13.13.4. Others 13.14. Rest of Middle East & Africa Musical Instruments Market Forecast, by Type 13.14.1. Percussion Instruments 13.14.2. String Instruments 13.14.3. Piano & Key Instruments 13.14.4. Organs & Air Blown Instruments 13.14.5. Others 13.15. Rest of Middle East & Africa Musical Instruments Market Forecast, by End-use 13.15.1. Commercial Events 13.15.2. Personal Use 13.15.3. Music Production/ Direction 13.15.4. Others 13.16. Middle East & Africa Musical Instruments Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By End-use 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Musical Instruments Market Analysis 14.1. Key Findings 14.2. South America Musical Instruments Market Overview 14.3. South America Musical Instruments Market Value Share Analysis, by Type 14.4. South America Musical Instruments Market Forecast, by Type 14.4.1. Percussion Instruments 14.4.2. String Instruments 14.4.3. Piano & Key Instruments 14.4.4. Organs & Air Blown Instruments 14.4.5. Others 14.5. South America Musical Instruments Market Value Share Analysis, by End-use 14.6. South America Musical Instruments Market Forecast, by End-use 14.6.1. Commercial Events 14.6.2. Personal Use 14.6.3. Music Production/ Direction 14.6.4. Others 14.7. South America Musical Instruments Market Value Share Analysis, by Country 14.8. South America Musical Instruments Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Musical Instruments Market Analysis, by Country 14.10. Brazil Musical Instruments Market Forecast, by Type 14.10.1. Percussion Instruments 14.10.2. String Instruments 14.10.3. Piano & Key Instruments 14.10.4. Organs & Air Blown Instruments 14.10.5. Others 14.11. Brazil Musical Instruments Market Forecast, by End-use 14.11.1. Commercial Events 14.11.2. Personal Use 14.11.3. Music Production/ Direction 14.11.4. Others 14.12. Mexico Musical Instruments Market Forecast, by Type 14.12.1. Percussion Instruments 14.12.2. String Instruments 14.12.3. Piano & Key Instruments 14.12.4. Organs & Air Blown Instruments 14.12.5. Others 14.13. Mexico Musical Instruments Market Forecast, by End-use 14.13.1. Commercial Events 14.13.2. Personal Use 14.13.3. Music Production/ Direction 14.13.4. Others 14.14. Rest of South America Musical Instruments Market Forecast, by Type 14.14.1. Percussion Instruments 14.14.2. String Instruments 14.14.3. Piano & Key Instruments 14.14.4. Organs & Air Blown Instruments 14.14.5. Others 14.15. Rest of South America Musical Instruments Market Forecast, by End-use 14.15.1. Commercial Events 14.15.2. Personal Use 14.15.3. Music Production/ Direction 14.15.4. Others 14.16. South America Musical Instruments Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By End-use 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. QRS Music 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprint 15.3.2. Roland 15.3.3. Kawai 15.3.4. Pearl 15.3.5. Tama 15.3.6. Mapex 15.3.7. Sonor 15.3.8. ESP 15.3.9. Gibson Guitars and Basses 15.3.10. Fender Musical Corporation 15.3.11. Steinway Musical Instruments 15.3.12. Zildjian Cymbals 15.3.13. Paiste Cymbals 15.3.14. Cort 15.3.15. Casio 15.3.16. C F Martin 15.3.17. Korg 15.3.18. Ibanez 15.3.19. Pluto 15.3.20. Tristar 15.3.21. Granada 15.3.22. Yamaha 15.3.23. HOSHINO GAKKI Co. Ltd. 15.3.24. NS Design 15.3.25. inMusic Brands 16. Primary Key Insights

About This Report

Report ID 27141
Category Consumer Goods & Services
Published Date Jan 2020
Updated Date Sept 2021
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