Musical Instruments Market
Musical Instruments Market Size, Share & Trends Analysis Report by Type (stringed, brass & woodwind, percussion, and keyboard), and by Distribution (Online and Offline) Forecast 2022-2028 Update Available - Forecast 2024-2030
Musical instruments market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. Music improves mood, decreases anxiety, and aids to express emotions. Musical instruments are used for entertainment purposes and in events. There are many musical instruments exsist in the market such as guitar, piano, sitar, drums, and many more. People shows very much interest in the learning of new skills. Additionally, students prefer extracurricular activities, as a result of which numerous schools, colleges, and universities offer music and dance classes as courses. This is encouraging students to buy musical instruments, thus increasing their sale for musical instrumets globally. Furthermore, increase in disposable income coupled with the rising consumer demand encourages the purchase of musical instruments. Thus, several key market manufacturers are focusing on introducing new and innovative products to meet the requirement of the consumers, further bolstering the growth of the market.
Impact of COVID-19 Pandemic on Global Musical Instruments Market
The use of musical instruments had been increased by the people who already had musical instruments with them at home during COVID-19 pandemic but the sale of musical instruments has been decreased due to COVID-19. The musical instruments market has been decreased due to the fall in supply and distribution of the musical instruments. Both online and offline channels were not in service due to COVID-19 pandemic. People choose various other options for their entertainment such as cooking, movies, and many more rather than using any musical instrument.
Segmental Outlook
The global musical instruments market is segmented based on the type and distribution. Based on the type, the market is segmented into Stringed, Brass & Woodwind, Percussion, and Keyboard. Based on the distribution, the market is sub-segmented into the online and offline. The above mentioned segments can be customized as per the requirements.
Global Musical Instruments Market Share by Type, 2021 (%)
The Keyboard Segment is Expected to Hold the prominent Share in the Global Musical Instruments Market
The keyboard segment is expected to hold the considerable market share in the musical instruments market, due to the rising demand of the keyboards. Keyboards are the most common and highly used musical instrument among the people. Young children are more interested to learn how to play keyboard and many of them join the piano leaning classes due which the purchase and production of the keyboard increases. Many companies comeup with the new features to update their keyboards and attract the people. For instance, in December 2021, Rhodes Music Ltd. released the new MK8 electric piano, designed and built in Leeds, England. The new piano can be customized. Buyers are able to choose different colors for the lid and finishes for the front panel, case, preamp panel, pedal and rear grille. The prices for the Rhodes MK8 electric piano start at $10,943.
Regional Outlooks
The global musical instruments market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.
Global Musical InstrumentsMarket Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Prominent Share in the Global Musical Instruments Market
The Asia-Pacific region is expected to hold the major market share in musical instruments market. Use of musical instruments and the production of musical instruments is high in the asia-pacific region. People in India play and listen the music to entertain and relax themselves from the daily stress and some of them are passionate about the music and develop their skills in music industry. The demand and consumption made many big companies to launch various musical instruments in India. Some of the big manufacturing companies are in India and China such as Casio India Co., Pvt. Ltd., Yamaha Music India Pvt. Ltd., and many more. For instance, Yamaha Music India Pvt. Ltd. launched two new guitars Yamaha FX280 and Yamaha FSX80C in their guitar category. Both the products are handcrafted in India.
Market Players Outlook
The major companies serving the global musical instruments market include CASIO COMPUTER CO., LTD., C.F. MARTIN & CO. INC., D'Addario & Co., Inc., Eastman Music Co., Fender Musical Instruments Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April, 2021 Casio Computer Co., Ltd., released Casiotone CT-S1, a digital keyboard with minimalist design. The CT-S1 also connects to smartphones, tablets and other devices using the separately sold Bluetooth adapter. Along with the CT-S1, Casio also released of two other new casiotone models, the CT-S400 and the LK-S450.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global musical instruments market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Musical INSTRUMENTS MARKET
• Recovery Scenario of Global Musical INSTRUMENTS MARKET
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Casio India Co., Pvt. Ltd.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. C.F. MARTIN & CO. INC.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. D'Addario & Co., Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Eastman Music Co.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Fender Musical Instruments Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Musical INSTRUMENTS MARKET by Type
4.1.1. Stringed
4.1.2. Brass & Woodwind
4.1.3. Percussion
4.1.4. Keyboard
4.2. Global Musical INSTRUMENTS MARKET by Distibution
4.2.1. Online
4.2.2. Offline
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Clapbox.in
6.2. Cresurge Pvt.LTd. (KADENCE.IN)
6.3. Guitar Center, Inc.
6.4. HyVibe
6.5. Juârez Musical Instruments
6.6. Kawai Musical Instruments Mfg. Co., Ltd.
6.7. Rhodes Music Ltd.
6.8. Roland Corporation
6.9. Steinway & Sons
6.10. The ONE Music Group
6.11. Yamaha Music India Pvt. Ltd.
6.12. Yanagisawa Wind Instruments Co., Ltd.
6.13. Zivix LLC
1. GLOBAL MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028($ MILLION)
2. GLOBAL STRINGED MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
3. GLOBAL BRASS & WOODWIND MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
4. GLOBAL PERCUSSION MUSICAL INSTRUMENTSIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
5. GLOBAL KEYBOARD MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
6. GLOBAL MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION, 2021-2028($ MILLION)
7. GLOBAL MUSICAL INSTRUMENTS IN ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
8. GLOBAL MUSICAL INSTRUMENTS IN OFFLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
9. GLOBAL MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028($ MILLION)
10. NORTH AMERICAN MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
11. NORTH AMERICAN MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028($ MILLION)
12. NORTH AMERICAN MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION, 2021-2028($ MILLION)
13. EUROPEAN MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
14. EUROPEAN MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028($ MILLION)
15. EUROPEAN MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION, 2021-2028($ MILLION)
16. ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
17. ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028($ MILLION)
18. ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION, 2021-2028($ MILLION)
19. REST OF THE WORLD MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
20. REST OF THE WORLD MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028($ MILLION)
21. REST OF THE WORLD MUSICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION, 2021-2028($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MUSICAL INSTRUMENTS MARKET, 2021-2028($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MUSICAL INSTRUMENTS MARKET BY SEGMENT, 2021-2028($ MILLION)
3. RECOVERY OF GLOBAL MUSICAL INSTRUMENTS MARKET, 2022-2028 (%)
4. GLOBAL MUSICAL INSTRUMENTS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL STRINGED MUSICAL INSTRUMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL BRASS & WOODWIND MUSICAL INSTRUMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PERCUSSION MUSICAL INSTRUMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL KEYBOARD MUSICAL INSTRUMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL MUSICAL INSTRUMENTS MARKET SHARE BY DISTRIBUTION, 2021 VS 2028 (%)
10. GLOBAL MUSICAL INSTRUMENTS IN ONLINE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL MUSICAL INSTRUMENTS IN OFFLINE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL MUSICAL INSTRUMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
14. CANADA MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
15. UK MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
16. FRANCE MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
17. GERMANY MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
18. ITALY MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
19. SPAIN MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
20. REST OF EUROPE MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
21. INDIA MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
22. CHINA MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
23. JAPAN MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
24. SOUTH KOREA MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
25. REST OF ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
26. REST OF THE WORLD MUSICAL INSTRUMENTS MARKET SIZE, 2021-2028($ MILLION)
