Musical Instrument Market Size, Analysis Report, Share & Trends By Type (Stringed, Percussion, Wind, Keyboard), By Distribution Channel (Offline, Online), By Country Insights, And Segment Forecasts, 2023 - 2030

 Pulichser: Innovation Market Research

September 2019

 Pages: 127

 IMR 3752

Musical instrument amplifiers play a pivotal role in transforming weak electronic signals into robust audio output, driving speakers to project music effectively. As of 2019, the global market for musical instruments was valued at $160.1 million USD, with a projected increase to $168.1 million USD by 2025, reflecting a compound annual growth rate (CAGR) of 0.7%. China, a significant player in this market, is anticipated to witness substantial growth during the forecast period, with a corresponding increase in market size.

This comprehensive report delves into the global musical instrument market, focusing on key regions such as the United States, European Union, and China, alongside other regions like Japan, Korea, India, and Southeast Asia. It meticulously analyzes production, revenue, market share, and growth rates for key companies. The historical data from 2016 to 2022 and forecasts up to 2030 provide a detailed understanding of market trends, both regionally and globally.

Educational Initiatives and Market Growth:
The inclusion of music courses in educational curricula has significantly contributed to the growth of the music industry. Academic institutions offering specialized music programs, combined with Yamaha's strategic efforts, exemplify the symbiotic relationship between education and market expansion. Yamaha Music Schools not only foster musical education but also contribute to the distribution of musical instruments, further propelling market growth.

The expanding musical instrument market has witnessed the influx of new entrants, capitalizing on targeted market segments. Successful advertising campaigns, the surge in digital instruments' popularity, and advancements in manufacturing techniques contribute to market growth. Additionally, factors such as rising disposable income and increased consumer spending power globally have positively impacted the musical instrument market.

Impact of COVID-19:
The COVID-19 pandemic posed significant challenges to the musical instrument industry, disrupting global demand. Stringent government measures, including lockdowns, led to widespread business closures. Musical accessories retailers were particularly affected, adhering to regulatory norms. Despite the setbacks, the market is expected to rebound as economies recover and consumer confidence returns.

The perception of musical instruments as expensive investments, coupled with concerns about time commitment for learning, presents a challenge to market growth. However, efforts to demystify these notions and enhance accessibility may unlock latent demand.

In global market, the following companies are covered:
Yamaha
Roland
Marshall
Ampeg
Blackstar
Behringer
Fender
Korg
Hughes & Kettner
Johnson
Orange
Laney
Fishman
Rivera
MESA/Boogie
Acoustic
Randall

Market Segment by Product Type
Guitar Amplifiers
Keyboard Amplifiers
Bass Amplifiers
Others

Market Segment by Application
Electric Guitar
Electric Bass
Electric Keyboards
Others

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

The study objectives are:
To analyze and research the Musical Instrument status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Musical Instrument manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

In this study, the years considered to estimate the market size of Musical Instrument are as follows:
History Year: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Year 2023 to 2030

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