Global Musical Instrument Market (2021-2030) –
Dublin, November 03, 2021 (GLOBE NEWSWIRE) – The report “Musical Instruments Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to ResearchAndMarkets.com offer.
The global musical instruments market size was valued at $ 9,826.5 million in 2020 and is expected to reach $ 11,589.8 million by 2030, registering a CAGR of 2.1%.
Any device that produces musical sound is called a musical instrument. Percussion, string, keyboard, wind and electronic instruments are the most common types. Many factors can influence the sound of an instrument, including the material used to make it, its size and shape, and the way it is played. Stringed instruments, for example, can be struck, plucked or rubbed, each producing a distinct sound.
One of the key factors in the growth of the musical instrument market is the growing popularity of live musical performances and concerts. Attending live music events rather than listening to musical releases and recorded music or watching TV shows at home is becoming more and more popular.
In recent years, the growth of the musical instrument market has encouraged and prompted new entrants to enter niche segments. Some of the major growth drivers of the global musical instrument market include increased efficiency of advertising campaigns, increased popularity of digital instruments, and technological advancements in manufacturing processes. In addition, increased disposable income and increased spending capacity of consumers benefit the global musical instrument industry.
In addition, the increased demand for high-tech and expensive musical instruments has resulted in a significant increase in the number of concerts and live performances. Musicians and artists who have a large fan base have made their fans buy musical instruments. So, all these factors are collectively contributing to the expansion of the global Musical Instrument Market.
Manufacturers all over the world are increasing their investment in R&D which is expected to boost the global musical instrument market during the forecast period. The increased consumer demand for innovative musical instruments is further expected to positively impact the growth of the global market.
The COVID-19 outbreak has negatively impacted the growth of the global musical instrument market. Sales were disappointing in the first quarter and many stores were closed. Despite the fact that many industries are suffering from the COVID-19 crisis, with several industries experiencing declining consumer demand, the musical instrument market is expected to grow at a promising rate, owing to the increased penetration of digital musical instruments. .
The global musical instrument market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into Strings, Brass & Woodwinds, Percussion & Keyboard. According to the distribution channel, the musical instrument market is fragmented into supermarkets / hypermarkets, specialty stores and online sales channel. Regionally, the market is analyzed North America (United States, Canada and Mexico), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia, United Arab Emirates and rest of LAMEA).
The major players operating in the global musical instrument market are Yamaha Corporation, Kawai Musical Instruments Mfg. Co. Ltd., Guangzhou Pearl River Piano Group Ltd., Casio Computer Co. Ltd., CF Martin & Co. Inc, D’addario & Company Inc., Eastman Music Company, Fender Musical Instruments Corporation, Roland Corporation, Steinway & Sons and Yanagisawa Wind Instruments Co. Ltd.
- This report provides quantitative analysis of global Musical Instrument market trends, estimates, and current dynamics from 2021 to 2030 to identify existing market opportunities.
- Porter’s Five Forces Analysis highlights the power of buyers and suppliers to empower stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- A thorough analysis of the market segmentation helps in determining the existing market opportunities.
- Top countries in each region are mapped based on their contribution to global industry revenue.
- The market player positioning segment facilitates benchmarking while providing a clear understanding of the current position of major market players.
- The report includes regional and global market analyzes, major players, market segments, application areas, and growth strategies.
Main topics covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key forces shaping the global musical instrument industry / market
3.2.1. Bargaining power of suppliers
3.2.2. The bargaining power of buyers
3.2.3. There are new entrants
3.2.4. The threat of substitutes
3.2.5. Intensity of competitive rivalry
3.3. Market dynamics
18.104.22.168. Increased demand for electronic or stand-alone musical instruments
22.214.171.124. Increased popularity of music concerts and live performances
126.96.36.199. Increase in the purchasing power of the population
188.8.131.52. High cost of electronic musical instruments
184.108.40.206. Lack of customer desire to purchase musical instruments
220.127.116.11. Growth in e-commerce sales
18.104.22.168. Increased adoption of advanced technology
3.4. COVID-19 impact assessment
3.5. Player positioning
3.6. Value chain analysis
3.7. Industry pain points analysis
CHAPTER 4: WORLD MUSICAL INSTRUMENTS MARKET, BY TYPE
4.1.1. Market size and forecast
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis, by country
4.3. Brass & Wood
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis, by country
4.4.1. Key Market Trends, Growth Drivers and Opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis, by country
4.5.1. Key Market Trends, Growth Drivers and Opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis, by country
CHAPTER 5: WORLD MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL
5.1.1. Market size and forecast
5.2. Supermarkets / Hypermarkets
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis, by country
5.3. Specialty stores
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis, by country
5.4. Online sales channel
5.4.1. Key Market Trends, Growth Drivers and Opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis, by country
CHAPTER 6: MUSICAL INSTRUMENTS MARKET, BY REGION
CHAPTER 7: LANDSCAPE OF COMPETITION
7.1. The best winning strategies
7.2. Product mapping
7.3. Competitive scoreboard
7.4. Competitive heat map
7.5. Key developments
7.5.2. Business expansion
7.5.3. Product launch
CHAPTER 8: COMPANY PROFILES
8.1. Casio Computer Co., Ltd.
8.1.1. Company presentation
8.1.2. Key leaders
8.1.3. Company overview
8.1.4. Operational business sectors
8.1.5. Product portfolio
8.1.6. R&D expenditure
8.1.7. Company performance
8.1.8. Key strategic movements and developments
8.2. CF Martin & Co., Inc.
8.2.1. Company presentation
8.2.2. Key leaders
8.2.3. Company overview
8.2.4. Product portfolio
8.2.5. Key strategic movements and developments
8.3. D’addario & Company, Inc.
8.3.1. Company presentation
8.3.2. Key leaders
8.3.3. Company overview
8.3.4. Product portfolio
8.3.5. Key strategic movements and developments
8.4. Eastman Music Company
8.4.1. Company presentation
8.4.2. Key leaders
8.4.3. Company overview
8.4.4. Product portfolio
8.4.5. Key strategic movements and developments
8.5. Fender Musical Instrument Company
8.5.1. Company presentation
8.5.2. Key leaders
8.5.3. Company overview
8.5.4. Product portfolio
8.5.5. Key strategic movements and developments
8.6. Guangzhou Pearl River Piano Group Ltd
8.6.1. Company presentation
8.6.2. Key leaders
8.6.3. Company overview
8.6.4. Product portfolio
8.7. Kawai Mfg Musical Instruments. Co., Ltd.
8.7.1. Company presentation
8.7.2. Key leaders
8.7.3. Company overview
8.7.4. Product portfolio
8.7.5. Key strategic movements and developments
8.8. Steinway & sons
8.8.1. Company presentation
8.8.2. Key leaders
8.8.3. Company overview
8.8.4. Product portfolio
8.8.5. Key strategic movements and developments
8.9. Yamaha Company
8.9.1. Company presentation
8.9.2. Key leaders
8.9.3. Company overview
8.9.4. Operational business sectors
8.9.5. Product portfolio
8.9.6. Company performance
8.10. Yanagisawa Wind Instruments Co., Ltd.
8.10.1. Company presentation
8.10.2. Key leaders
8.10.3. Company overview
8.10.4. Product portfolio
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