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
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
Table Of Contents
1 Report Overview 1.1 Research Scope 1.2 Major Manufacturers Covered in This Report 1.3 Market Segment by Type 1.3.1 Global Musical Instrument Market Size Growth Rate by Type (2023-2030) 1.3.2 Guitar Amplifiers 1.3.3 Keyboard Amplifiers 1.3.4 Bass Amplifiers 1.3.5 Others 1.4 Market Segment by Application 1.4.1 Global Musical Instrument Market Share by Application (2023-2030) 1.4.2 Electric Guitar 1.4.3 Electric Bass 1.4.4 Electric Keyboards 1.4.5 Others 1.5 Study Objectives 1.6 Years Considered
2 Global Growth Trends 2.1 Production and Capacity Analysis 2.1.1 Global Musical Instrument Production Value 2022-2030 2.1.2 Global Musical Instrument Production 2022-2030 2.1.3 Global Musical Instrument Capacity 2022-2030 2.1.4 Global Musical Instrument Marketing Pricing and Trends 2.2 Key Producers Growth Rate (CAGR) 2023-2030 2.2.1 Global Musical Instrument Market Size CAGR of Key Regions 2.2.2 Global Musical Instrument Market Share of Key Regions 2.3 Industry Trends 2.3.1 Market Top Trends 2.3.2 Market Drivers
3 Market Share by Manufacturers 3.1 Capacity and Production by Manufacturers 3.1.1 Global Musical Instrument Capacity by Manufacturers 3.1.2 Global Musical Instrument Production by Manufacturers 3.2 Revenue by Manufacturers 3.2.1 Musical Instrument Revenue by Manufacturers (2016-2022) 3.2.2 Musical Instrument Revenue Share by Manufacturers (2016-2022) 3.2.3 Global Musical Instrument Market Concentration Ratio (CR5 and HHI) 3.3 Musical Instrument Price by Manufacturers 3.4 Key Manufacturers Musical Instrument Plants/Factories Distribution and Area Served 3.5 Date of Key Manufacturers Enter into Musical Instrument Market 3.6 Key Manufacturers Musical Instrument Product Offered 3.7 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type 4.1 Production and Production Value for Each Type 4.1.1 Guitar Amplifiers Production and Production Value (2016-2022) 4.1.2 Keyboard Amplifiers Production and Production Value (2016-2022) 4.1.3 Bass Amplifiers Production and Production Value (2016-2022) 4.1.4 Others Production and Production Value (2016-2022) 4.2 Global Musical Instrument Production Market Share by Type 4.3 Global Musical Instrument Production Value Market Share by Type 4.4 Musical Instrument Ex-factory Price by Type
5 Market Size by Application 5.1 Overview 5.2 Global Musical Instrument Consumption by Application
6 Production by Regions 6.1 Global Musical Instrument Production (History Data) by Regions 2016-2022 6.2 Global Musical Instrument Production Value (History Data) by Regions 6.3 United States 6.3.1 United States Musical Instrument Production Growth Rate 2016-2022 6.3.2 United States Musical Instrument Production Value Growth Rate 2016-2022 6.3.3 Key Players in United States 6.3.4 United States Musical Instrument Import & Export 6.4 European Union 6.4.1 European Union Musical Instrument Production Growth Rate 2016-2022 6.4.2 European Union Musical Instrument Production Value Growth Rate 2016-2022 6.4.3 Key Players in European Union 6.4.4 European Union Musical Instrument Import & Export 6.5 China 6.5.1 China Musical Instrument Production Growth Rate 2016-2022 6.5.2 China Musical Instrument Production Value Growth Rate 2016-2022 6.5.3 Key Players in China 6.5.4 China Musical Instrument Import & Export 6.6 Rest of World 6.6.1 Japan 6.6.2 Korea 6.6.3 India 6.6.4 Southeast Asia
7 Musical Instrument Consumption by Regions 7.1 Global Musical Instrument Consumption (History Data) by Regions 7.2 United States 7.2.1 United States Musical Instrument Consumption by Type 7.2.2 United States Musical Instrument Consumption by Application 7.3 European Union 7.3.1 European Union Musical Instrument Consumption by Type 7.3.2 European Union Musical Instrument Consumption by Application 7.4 China 7.4.1 China Musical Instrument Consumption by Type 7.4.2 China Musical Instrument Consumption by Application 7.5 Rest of World 7.5.1 Rest of World Musical Instrument Consumption by Type 7.5.2 Rest of World Musical Instrument Consumption by Application 7.5.3 Japan 7.5.4 Korea 7.5.5 India 7.5.6 Southeast Asia
8 Company Profiles 8.1 Yamaha 8.1.1 Yamaha Company Details 8.1.2 Company Description and Business Overview 8.1.3 Production and Revenue of Yamaha 8.1.4 Musical Instrument Product Introduction 8.1.5 Yamaha Recent Development 8.2 Roland 8.2.1 Roland Company Details 8.2.2 Company Description and Business Overview 8.2.3 Production and Revenue of Roland 8.2.4 Roland Product Introduction 8.2.5 Roland Recent Development 8.3 Marshall 8.3.1 Marshall Company Details 8.3.2 Company Description and Business Overview 8.3.3 Production and Revenue of Marshall 8.3.4 Marshall Product Introduction 8.3.5 Marshall Recent Development 8.4 Ampeg 8.4.1 Ampeg Company Details 8.4.2 Company Description and Business Overview 8.4.3 Production and Revenue of Ampeg 8.4.4 Ampeg Product Introduction 8.4.5 Ampeg Recent Development 8.5 Blackstar 8.5.1 Blackstar Company Details 8.5.2 Company Description and Business Overview 8.5.3 Production and Revenue of Blackstar 8.5.4 Blackstar Product Introduction 8.5.5 Blackstar Recent Development 8.6 Behringer 8.6.1 Behringer Company Details 8.6.2 Company Description and Business Overview 8.6.3 Production and Revenue of Behringer 8.6.4 Behringer Product Introduction 8.6.5 Behringer Recent Development 8.7 Fender 8.7.1 Fender Company Details 8.7.2 Company Description and Business Overview 8.7.3 Production and Revenue of Fender 8.7.4 Fender Product Introduction 8.7.5 Fender Recent Development 8.8 Korg 8.8.1 Korg Company Details 8.8.2 Company Description and Business Overview 8.8.3 Production and Revenue of Korg 8.8.4 Korg Product Introduction 8.8.5 Korg Recent Development 8.9 Hughes & Kettner 8.9.1 Hughes & Kettner Company Details 8.9.2 Company Description and Business Overview 8.9.3 Production and Revenue of Hughes & Kettner 8.9.4 Hughes & Kettner Product Introduction 8.9.5 Hughes & Kettner Recent Development 8.10 Johnson 8.10.1 Johnson Company Details 8.10.2 Company Description and Business Overview 8.10.3 Production and Revenue of Johnson 8.10.4 Johnson Product Introduction 8.10.5 Johnson Recent Development 8.11 Orange 8.12 Laney 8.13 Fishman 8.14 Rivera 8.15 MESA/Boogie 8.16 Acoustic 8.17 Randall
9 Market Forecast 9.1 Global Market Size Forecast 9.1.1 Global Musical Instrument Capacity, Production Forecast 2023-2030 9.1.2 Global Musical Instrument Production Value Forecast 2023-2030 9.2 Market Forecast by Regions 9.2.1 Global Musical Instrument Production and Value Forecast by Regions 2023-2030 9.2.2 Global Musical Instrument Consumption Forecast by Regions 2023-2030 9.3 United States 9.3.1 Production and Value Forecast in United States 9.3.2 Consumption Forecast in United States 9.4 European Union 9.4.1 Production and Value Forecast in European Union 9.4.2 Consumption Forecast in European Union 9.5 China 9.5.1 Production and Value Forecast in China 9.5.2 Consumption Forecast in China 9.6 Rest of World 9.6.1 Japan 9.6.2 Korea 9.6.3 India 9.6.4 Southeast Asia 9.7 Forecast by Type 9.7.1 Global Musical Instrument Production Forecast by Type 9.7.2 Global Musical Instrument Production Value Forecast by Type 9.8 Consumption Forecast by Application
10 Value Chain and Sales Channels Analysis 10.1 Value Chain Analysis 10.2 Sales Channels Analysis 10.2.1 Musical Instrument Sales Channels 10.2.2 Musical Instrument Distributors 10.3 Musical Instrument Customers
11 Opportunities & Challenges, Threat and Affecting Factors 11.1 Market Opportunities 11.2 Market Challenges 11.3 Porter's Five Forces Analysis
12 Key Findings
13 Appendix 13.1 Research Methodology 13.1.1 Methodology/Research Approach 13.1.1.1 Research Programs/Design 13.1.1.2 Market Size Estimation 13.1.1.3 Market Breakdown and Data Triangulation 13.1.2 Data Source 13.1.2.1 Secondary Sources 13.1.2.2 Primary Sources 13.2 Author Details 13.3 Disclaimer