Global Musical Instruments Market (2021 to 2030)
Dublin, Nov. 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 from ResearchAndMarkets.com offer.
The global musical instruments market size was valued at USD 9,826.5 million in 2020 and is projected to reach USD 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 how an instrument sounds, 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 driving the growth of the musical instruments market is the growing popularity of live musical performances and concerts. Attending live music events rather than listening to music releases and recorded music or watching TV shows at home is becoming increasingly popular.
In recent years, the growth of the musical instruments market has encouraged and pushed new entrants to establish themselves in niche segments. Some of the major growth drivers for the global musical instruments market include increased effectiveness of advertising campaigns, growing popularity of digital instruments, and technological advancements in manufacturing processes. In addition, increasing disposable income and increasing consumption capacity of consumers benefit the global musical instrument industry.
Additionally, the increased demand for high-tech and expensive musical instruments has resulted from a significant increase in the number of concerts and live performances. Musicians and artists who have a large fan base have enticed their fans to purchase musical instruments. Thus, all these factors collectively contribute to the expansion of the global musical instruments market.
Manufacturers across the globe are increasing their R&D investments which is expected to boost the global musical instruments market over the forecast period. Increasing consumer demand for innovative musical instruments is further expected to have a positive impact on the growth of the global market.
The COVID-19 outbreak has had a negative impact on the growth of the global musical instruments market. Sales were disappointing in the first quarter and many stores were closed. Despite many industries suffering from the COVID-19 crisis, with several industries experiencing decline in consumer demand, the musical instruments market is expected to grow at a promising pace, owing to the increase in the penetration of digital musical instruments. .
The global musical instruments market is segmented into type, distribution channel, and region. Based on type, the market is categorized into strings, brass & woodwinds, percussion, and keyboard. According to the distribution channel, the musical instruments market is fragmented into supermarkets/hypermarkets, specialty stores, and online sales channel. Regionally, the market is analyzed in North America (United States, Canada, and Mexico), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, and 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).
Major players operating in the global musical instruments 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 a quantitative analysis of the current trends, estimates and dynamics of the global musical instruments market from 2021 to 2030 to identify existing market opportunities.
Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
An in-depth market segmentation analysis helps to determine the existing market opportunities.
Major countries in each region are mapped according to their contribution to global industry revenue.
The Market Player Positioning segment facilitates benchmarking while providing a clear understanding of the current position of key market players.
The report includes regional and global market analysis, key 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 Instruments Industry/Market
3.2.1. Bargaining power of suppliers
3.2.2. The bargaining power of buyers
3.2.3. There new entrants
3.2.4. The threat of substitutes
3.2.5. Intensity of competitive rivalry
3.3. Market dynamics
184.108.40.206. Rise in demand for electronic or automatic musical instruments
220.127.116.11. Increase in popularity of music concerts and live performances
18.104.22.168. Increase in the purchasing power of the population
22.214.171.124. High cost of electronic musical instruments
126.96.36.199. Lack of desire of customers to buy musical instruments
188.8.131.52. Online sales growth
184.108.40.206. Increased adoption of advanced technologies
3.4. COVID-19 Impact Analysis
3.5. player positioning
3.6. Value chain analysis
3.7. Analysis of the weak points of the industry
CHAPTER 4: WORLD MUSICAL INSTRUMENT 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 and 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: GLOBAL MUSICAL INSTRUMENT MARKET, BY DISTRIBUTION CHANNEL
5.1.1. Market size and forecast
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: COMPETITION LANDSCAPE
7.1. The best winning strategies
7.2. Product mapping
7.3. Competitive Dashboard
7.4. Competitive heat map
7.5. Main 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. Operating business areas
8.1.5. Product portfolio
8.1.6. R&D expenses
8.1.7. Company Performance
8.1.8. Key strategic moves 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 moves 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 moves 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 moves and developments
8.5. Fender Musical Instruments Corporation
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 moves 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. Musical Instruments Kawai Mfg. 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 moves 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 moves and developments
8.9. Yamaha Corporation
8.9.1. Company presentation
8.9.2. Key leaders
8.9.3. Company overview
8.9.4. Operating business areas
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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