Musical Instruments Market 2022-2028

Description

List of Tables

Title:Global 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.

The global musical instruments market is anticipated to grow at a substantial CAGR of 4.9% during the forecast period. The increasing demand of musical instruments among the adults has forced the manufacturing companies to innovate and update their technologies to the next level. The technological advancements in the musical instruments keep people interested to play and make new music. The stringed instruments such as guitar, electric bass, violin, and many more expected to hold the major market share in the musical instruments. The music industry and the companies are introducing new products in the market to enhance and transform the features of the existing instruments into the advanced music instruments which attracts and provides the better experience to adults. For instance, in January 2021, HyVibe Audio launched the HyVibe System which is a small device that can be installed on any guitar. The system uses a sensor, high speed processor, and two actuators to transform acoustic guitar into self-amplifying multi-effect processor, looper, amplifier, and Bluetooth speaker.

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. Among these, the online distribution segment is anticipated to bolster the growth of the overall the market across the globe, due to the rising trend for shopping online for such products. Online shopping provides various benefits such as faster access to a broader selection of goods and services, availability of wide range of goods, ease with which payments can be made, and no risk of money theft. In addition, increase in penetration of the internet and smartphones boosts online shopping, which in turn will rise the growth of the global musical instrument market.

Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. North America region is expected to grow in musical instrument market due to the high-quality music and development. The demand of drum sets is high in the North America region due to which people are demanding the technological advancement and improvement in the musical instruments. For instance, in November 2020, Yamaha launched DTX6 Series of electronic drum kits with the DTX-PRO module featuring the Kit Modifier which delivers the highest resolution sounds. Under the launch of DTX6 Series the company has also launch more models such as DTX6K-X, DTX6K2-X and DTX6K3-X models.

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 December 2021, BoomTisch introduced new compact and super sound drum kit.

Research Methodology

The market study of the global musical instruments market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Musical Instruments Market Research and Analysis by Type.
Global Musical Instruments Market Research and Analysis by Distribution.

The Report Covers:

Comprehensive research methodology of the global musical instruments market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global musical instruments market.
Insights about market determinants that are stimulating the global musical instruments market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026900

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. Juarez 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