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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1125330

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1125330

Global Musical Instrument Insurance Market Size study, By Application, By Distribution Channel, By End User, and Regional Forecasts 2022-2028

PUBLISHED: August 30, 2022

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DELIVERY TIME: 2-3 business days

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List of Tables

Global Musical Instrument Insurance Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Musical Instrument Insurance is a specialised insurance product intended for musical instruments such as Piano, Guitar, Violine etc. Musical instrument insurance offers cover against any damage, loss, or theft. The rise in demand for music instruments and high cost associated with Music instruments as well as Strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista - during 2022, the revenue in musical instrument segment worldwide is estimated at USD 5.09 billion. The market is projected to grow annually by CAGR of 12.20% between 2022 and 2026 to reach to USD 8.07 billion by end of 2026. Furthermore, strategic initiatives from leading market players including new product launches and acquisition would influence the growth of the Market in forecast period. Furthermore, in August 2020, USA based Marco Capital acquired UK-based non-life insurance company British Reserve Insurance Company (BRIC) from Allianz Insurance. BRIC offers insurance services for musical instruments, including stringed, woodwind, electronic, and digital musical instruments. Moreover, in April 2021, alternative markets division of Ohio, USA based Great American Insurance Group launched a new insurance program to offer coverage for musical instruments. Great American would offer new national musical instrument insurance program through a partnership with Heritage Insurance Services. Also, growing inclination of millennials towards music instruments coupled with increasing number of professional musicians are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high premium cost associated with Instrument insurance impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Musical Instrument Insurance Mmarket study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing demand for musical instruments and presence of leading market players in the region. Whereas, Europe is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing number of professional musicians and increasing demand for musical instruments, would create lucrative growth prospects for the global Musical Instrument Insurance Market across the Europe region.

Major market players included in this report are:

Aon Plc

AXA Insurance Ltd.

Assetsure

Aston Lark.

Anderson Musical Instrument Insurance Solutions, LLC

Allianz Insurance plc

Benzinga

Bajaj Finance Limited

EBM

Erie Indemnity Co.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application

Music Production/Direction

Personal Use

By Distribution Channel

Direct Response

Musical Stores

Online Channels

Others

By End User

Professionals

Amateur

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Musical Instrument Insurance Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Global Musical Instrument Insurance Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Global Musical Instrument Insurance Market, by Application, 2020-2028 (USD Million)
- 1.2.3. Global Musical Instrument Insurance Market, by Distribution Channel, 2020-2028 (USD Million)
- 1.2.4. Global Musical Instrument Insurance Market, by End User, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Musical Instrument Insurance Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Musical Instrument Insurance Market Dynamics

3.1. Musical Instrument Insurance Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rise in demand for music instruments
  - 3.1.1.2. High cost associated with Music instruments.
  - 3.1.1.3. Strategic initiatives from leading market players.
- 3.1.2. Market Challenges
  - 3.1.2.1. High premium cost associated with Instrument insurance.
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing inclination of millennials towards music instruments.
  - 3.1.3.2. Increasing number of professional musicians.

Chapter 4. Global Musical Instrument Insurance Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Musical Instrument Insurance Market, by Application

6.1. Market Snapshot
6.2. Global Musical Instrument Insurance Market by Application, Performance - Potential Analysis
6.3. Global Musical Instrument Insurance Market Estimates & Forecasts by Application 2018-2028 (USD Million)
6.4. Musical Instrument Insurance Market, Sub Segment Analysis
- 6.4.1. Music Production/Direction
- 6.4.2. Personal Use

Chapter 7. Global Musical Instrument Insurance Market, by Distribution Channel

7.1. Market Snapshot
7.2. Global Musical Instrument Insurance Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Musical Instrument Insurance Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Million)
7.4. Musical Instrument Insurance Market, Sub Segment Analysis
- 7.4.1. Direct Response
- 7.4.2. Musical Stores
- 7.4.3. Online Channels
- 7.4.4. Others

Chapter 8. Global Musical Instrument Insurance Market, by End User

8.1. Market Snapshot
8.2. Global Musical Instrument Insurance Market by End User, Performance - Potential Analysis
8.3. Global Musical Instrument Insurance Market Estimates & Forecasts by End User 2018-2028 (USD Million)
8.4. Musical Instrument Insurance Market, Sub Segment Analysis
- 8.4.1. Professionals
- 8.4.2. Amateur

Chapter 9. Global Musical Instrument Insurance Market, Regional Analysis

9.1. Musical Instrument Insurance Market, Regional Market Snapshot
9.2. North America Musical Instrument Insurance Market
- 9.2.1. U.S. Musical Instrument Insurance Market
  - 9.2.1.1. Application estimates & forecasts, 2018-2028
  - 9.2.1.2. Distribution Channel estimates & forecasts, 2018-2028
  - 9.2.1.3. End User estimates & forecasts, 2018-2028
- 9.2.2. Canada Musical Instrument Insurance Market
9.3. Europe Musical Instrument Insurance Market Snapshot
- 9.3.1. U.K. Musical Instrument Insurance Market
- 9.3.2. Germany Musical Instrument Insurance Market
- 9.3.3. France Musical Instrument Insurance Market
- 9.3.4. Spain Musical Instrument Insurance Market
- 9.3.5. Italy Musical Instrument Insurance Market
- 9.3.6. Rest of Europe Musical Instrument Insurance Market
9.4. Asia-Pacific Musical Instrument Insurance Market Snapshot
- 9.4.1. China Musical Instrument Insurance Market
- 9.4.2. India Musical Instrument Insurance Market
- 9.4.3. Japan Musical Instrument Insurance Market
- 9.4.4. Australia Musical Instrument Insurance Market
- 9.4.5. South Korea Musical Instrument Insurance Market
- 9.4.6. Rest of Asia Pacific Musical Instrument Insurance Market
9.5. Latin America Musical Instrument Insurance Market Snapshot
- 9.5.1. Brazil Musical Instrument Insurance Market
- 9.5.2. Mexico Musical Instrument Insurance Market
9.6. Rest of The World Musical Instrument Insurance Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Aon Plc
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. AXA Insurance Ltd.
- 10.2.3. Assetsure
- 10.2.4. Aston Lark.
- 10.2.5. Anderson Musical Instrument Insurance Solutions, LLC
- 10.2.6. Allianz Insurance plc
- 10.2.7. Benzinga
- 10.2.8. Bajaj Finance Limited
- 10.2.9. EBM
- 10.2.10. Erie Indemnity Co.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Musical Instrument Insurance Market, report scope
TABLE 2. Global Musical Instrument Insurance Market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Musical Instrument Insurance Market estimates & forecasts by Application 2018-2028 (USD Million)
TABLE 4. Global Musical Instrument Insurance Market estimates & forecasts by Distribution Channel 2018-2028 (USD Million)
TABLE 5. Global Musical Instrument Insurance Market estimates & forecasts by End User 2018-2028 (USD Million)
TABLE 6. Global Musical Instrument Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 7. Global Musical Instrument Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 8. Global Musical Instrument Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Musical Instrument Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Musical Instrument Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Musical Instrument Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Musical Instrument Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Musical Instrument Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Musical Instrument Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Musical Instrument Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. U.S. Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. U.S. Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 18. U.S. Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 19. Canada Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 20. Canada Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 21. Canada Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 22. UK Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 23. UK Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 24. UK Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 25. Germany Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 26. Germany Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 27. Germany Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 28. RoE Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 29. RoE Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 30. RoE Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 31. China Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 32. China Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 33. China Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 34. India Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 35. India Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 36. India Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 37. Japan Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 38. Japan Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 39. Japan Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 40. RoAPAC Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 41. RoAPAC Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 42. RoAPAC Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 43. Brazil Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 44. Brazil Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 45. Brazil Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 46. Mexico Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 47. Mexico Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 48. Mexico Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 49. RoLA Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 50. RoLA Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 51. RoLA Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 52. Row Musical Instrument Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 53. Row Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 54. Row Musical Instrument Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 55. List of secondary sources, used in the study of global Musical Instrument Insurance Market
TABLE 56. List of primary sources, used in the study of global Musical Instrument Insurance Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Musical Instrument Insurance Market, research methodology
FIG 2. Global Musical Instrument Insurance Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Musical Instrument Insurance Market, key trends 2021
FIG 5. Global Musical Instrument Insurance Market, growth prospects 2022-2028
FIG 6. Global Musical Instrument Insurance Market, porters 5 force model
FIG 7. Global Musical Instrument Insurance Market, pest analysis
FIG 8. Global Musical Instrument Insurance Market, value chain analysis
FIG 9. Global Musical Instrument Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 10. Global Musical Instrument Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 11. Global Musical Instrument Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 12. Global Musical Instrument Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 13. Global Musical Instrument Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 14. Global Musical Instrument Insurance Market, regional snapshot 2018 & 2028
FIG 15. North America Musical Instrument Insurance Market 2018 & 2028 (USD Million)
FIG 16. Europe Musical Instrument Insurance Market 2018 & 2028 (USD Million)
FIG 17. Asia pacific Market 2018 & 2028 (USD Million)
FIG 18. Latin America Musical Instrument Insurance Market 2018 & 2028 (USD Million)
FIG 19. Global Musical Instrument Insurance Market, company Market share analysis (2021)