Electronic Musical Instrument Market To Increase USD 436.31 Million | Growing demand for music related leisure activities to drive market growth

[ad_1]

Key market dynamics:

  • Market engine
  • Market challenges

The growing demand for music related leisure activities and the growing number of music festivals and live events are some of the major drivers of the market. However, factors such as the increasing adoption of virtual musical instruments and music production software will challenge the market growth.

Learn more about the key drivers, trends and additional challenges available with Technavio. Read our FREE sample report now!

The Electronic Musical Instruments market report is segmented by Product (Electric Pianos & Keyboards, Stringed Instruments, Drums & Percussion Instruments, and others) and Geography (North America, Europe, APAC, South America, and MEA).

By product, the electric pianos and keyboards segment will experience significant market share growth during the forecast period. The increasing R&D investments of the major players, together with the growing consumer interest in different types of electronic musical instruments, will play a major role in the market revenue growth in the electric pianos and keyboards segment. The electric pianos and keyboards segment includes instruments such as digital pianos, electronic pianos, portable keyboards, hybrid pianos, arranging keyboards, synthesizers, workstations and MIDI keyboards. Electric pianos are generally classified into electronic pianos and digital pianos.

By geography, North America will be the major region with 40% of the market growth during the forecast period. The United States and Canada are the key countries for the electronic musical instrument market in North America. Moreover, the market growth in this region will be faster than the market growth in Europe.

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned with their offers

    • CF Martin & Cie Inc. – The company offers the Modern Deluxe collection of guitars, electric bass strings and other products.
    • CASIO Computer Co. Ltd. – The company offers Digital Piano GP 510-BP, Privia PX-S1000 and other products.
    • Fender Musical Instruments Corp. – The company offers acoustic amplifiers such as Acoustic Junior GO and others. It offers contemporary digital instruments such as the Tone Master Deluxe Reverb Blonde and other products.
    • Gibson Inc. brands – The company offers bass guitars like SG Standard Bass, Thunderbird Bass and other products.
    • inMusic brands – The company offers disk jockey consoles such as MPC One, MPC X and others.
  • To access more supplier profiles with their key offers available with Technavio, click here

Related reports:

  • Music and Video Market by Type, Platform and Geography – Forecast and Analysis 2021-2025: The market share of music and video is expected to increase by $ 154.45 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 12.14%. Download a free sample
  • Electric Guitar Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025: The electric guitar market is expected to grow by $ 123.99 million from 2020 to 2025. Download a free sample

Scope of the electronic musical instruments market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate to a 3% CAGR

Market Growth 2021-2025

$ 436.31 million

Market structure

Fragmented

Annual growth (%)

2.17

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 40%

Main consumer countries

United States, Japan, China, Germany, France and Canada

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

CF Martin & Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Gibson Brands Inc., inMusic Brands, KORG Inc., NS Design, Pioneer Corp., Roland Corp. and Yamaha Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Supplier analysis
  • appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail:[email protected]
Website: www.technavio.com/

SOURCETechnavio

[ad_2]
Source link

Comments are closed.