THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47594

Retail sale of musical instruments and related equipment in specialized stores

ประกอบกิจการ ซื้อ ขาย เครื่องเสียง ลำโพง อุปกรณ์ที่เกี่ยวข้อง และอะไหล่ครบวงจร ครอบคลุมดอกลำโพง ตู้ลำโพง วงจรแบ่งความถี่ แอมพลิฟายเออร์ สายสัญญาณ และอุปกรณ์ติดตั้งต่างๆ ทั้งรูปแบบค้าปลีกและค้าส่ง

What this activity covers

Retail stores specialising in musical instruments, sheet music, and related accessories.

  • Musical instruments — Retail of various musical instruments
  • Sheet music — Retail of musical scores and notation
  • Accessories — Retail of musical instrument accessories
  • Audio equipment — Retail of audio equipment related to music
  • Rental services — Rental of musical instruments

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Import and distribution — Importing and distributing musical instruments
  • Trade activities — Buying and selling musical instruments

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 47

Retail sale of goods of all kinds, where the aggregate minimum capital or the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority retailer is exempt from this List 3 item (no Foreign Business Licence needed) once registered capital meets the Act's minimum, typically THB 100 million in total and THB 20 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (14)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

311
active companies operate here
฿854.5Mregistered capital, combined
฿3.8B
Sector revenue · 2025
+8% since 2023
฿101.3M
Net profit · 2025
139 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿19.5M Thai

Almost entirely Thai-held — little foreign capital enters here.

New in 2026

12+9.1%

registrations, YTD

Registered capital

฿854.5M-1.4%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1M.A. Distribution Co., Ltd.฿531.5M
  2. 2CT Music Co., Ltd.฿495.0M
  3. 3Theeramusic Co., Ltd.฿272.1M
  4. 4Bangkok Music Co., Ltd.฿209.9M
  5. 5BNK Music Mall Co., Ltd.฿159.2M

Largest by registered capital

  1. 1PETERSON PIANO CO., LTD.Bangkok฿60.0M
  2. 2Hongseng Music and Son Co., Ltd.Bangkok฿50.0M
  3. 3Theeramusic Co., Ltd.Bangkok฿40.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

75
Registered
since 2022
71
Still active
4
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 23 in 20232026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand