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2021
Musical Instruments Market

Musical Instruments Market by Type (Stringed, Brass & Woodwind, Percussion, and Keyboard) and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2021–2030

A07924
Pages: 240
Aug 2021 | 2383 Views
   
Author(s) : Aniket Kadam , Roshan DeshmukhRoshan Deshmukh
Tables: 106
Charts: 56
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global musical instruments market size was valued at $9,826.5 million in 2020, and is projected to reach $11,589.8 million by 2030, registering a CAGR of 2.1%.

Musical instruments are devices that make musical sounds. These instruments express and reflect individual and community identities as well as physical geographies. A musical instrument's role in a society can vary to a great extent, for instance, it can be used for entertainment or as part of a ritual, its use in an ensemble can demonstrate social solidarity, or owning a specific instrument can elevate an individual's status.

Musical Instruments Market

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Technological advancements are expected to propel the growth of the musical instrument market. The increasing use of sophisticated technologies encourages major players to design and develop a wide range of upgraded versions of musical instruments. For instance, incorporation of built-in software in musical instruments aids in improving sound quality and facilitates enhanced performance. Furthermore, ease of playing, full and clean sound and improved volume regulation are all major advantages of using these technologically advanced instruments. The significant innovation is the 

As students prefer extracurricular activities, many schools, colleges, and universities offer music and dance classes as courses. This is encouraging students to buy musical instruments, thus increasing their sale globally. Furthermore, increase in disposable income encourages the purchase of musical instruments. Furthermore, with rising consumer demand, manufacturers are focusing on introducing new and innovative products to meet their needs.

One of the important musical instruments market trends is the customization of musical instruments such as electronic guitars and pianos. Leading market players provide customized products that are of high quality and visually appealing. Customers can personalize their musical instruments in terms of shape and size, design their inlays and guitar necks, and choose between premium exotic and traditional hardwood options through customization. Thus, electronic guitar customization and personalization significantly supported the growth of the musical instruments market.

However, the outbreak of the COVID-19 pandemic has hindered the overall growth of the music instrument industry. Owing to the disruption in the supply chain, the production and supply of musical instrument were hampered, owing to unavailability through online and offline channels. In addition, consumer demand has shifted from musical instruments toward essential food items and safety items.

Increase in popularity of live musical performances and concerts acts as a key driving force of the global musical instruments market. Audiences are no longer limited to watching recorded music or new releases on television, and are inclining toward live music concerts. Furthermore, the popularity of live musical performances and concerts is growing due to rise penetration of social media platforms such as Facebook, Instagram, and YouTube and advancements in audio technology. As a result, many musicians have gained international attention and recognition. In recent years, the number of independent musicians has increased, resulting in the formation of a number of musical bands and crews. As a result, there has been a significant increase in the number of concerts and live performances, which has resulted in an increase in demand for high-tech and high-priced musical instruments.

However, musical instruments are expensive. The manufacturing of pianos, violins, and guitars is complicated and requires prolonged time. It indicates that sufficient time and money need to be invested in the production of musical instruments. As a result, the final cost of these musical instruments is considerably high. As technology has advanced, so has the development of innovative products in the musical instrument market, such as digital and electronic pianos. As a result, these musical instruments cost more than traditional instruments. Majority of people cannot afford such high-priced items. This gradually makes it more difficult for businesses to sell their products. Thus, one of the factors limiting the growth of the musical instrument market is the high cost of musical instruments.

On the contrary, online shopping may be viewed as an opportunity by market players in the coming years. This is attributed to online shopping has numerous advantages, including 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. Furthermore, in addition to outlets, e-commerce has become a requirement for players to increase their global sales and consumer base.

Musical Instruments Market
By Type

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Stringed segment helds the major share of 43.1% in 2020

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Global demand for musical instruments has been influenced in part by technological advancement. Among the most popular instruments are digital keyboards, pianos, guitars, and wind instruments, which can be purchased from local retailers, superstores, and chain stores. Digital musical instruments are widely used by both professionals and non-professionals as they are easier to play than traditional musical instruments. Advancement of technology has fueled the musical instruments market demand and has been the primary driver of the digital musical instruments market growth.

The musical instruments market analysis is done according to segmentation on the basis of type, distribution channel, and region. On the basis of type, the musical instruments market is categorized into stringed, brass & woodwind, percussion, and keyboard. According to distribution channel, the market is fragmented into supermarkets/hypermarkets, specialty stores, and online sales channel. Region wise, the musical instruments market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Musical Instruments Market
By Distribution Channel

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Specialty Store segment helds the major share of 74.6% in 2020

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According to the musical instruments market forecast, by type, the stringed segment accounted for 43.1% of the musical instruments market share in 2020, due to the increased sales of electric guitars. On the basis of distribution channel, the specialty stores segment garnered the largest share, as these stores offer a wide range of musical instruments with varying specifications and features.

The prominent players operating in the global musical instruments industry include Yamaha Corporation, Kawai Musical Instruments Mfg. Co. Ltd., Guangzhou Pearl River Piano Group Ltd., Casio Computer Co. Ltd., C.F. Martin & Co. Inc, D’addario & Company Inc., Eastman Music Company, Fender Musical Instruments Corporation, Roland Corporation, Steinway & Sons, and Yanagisawa Wind Instruments Co. Ltd.

Musical Instruments Market
By Region

2030
Asia Pacific 
North America
Europe
Lamea

Asia-Pacific region helds the higest market share of 51.2% in 2020

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the market from 2021 to 2030 to identify the prevailing global musical instruments market opportunity.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. 
  • The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Key Market Segments

By Type

  • Stringed
  • Brass & Woodwind
  • Percussion
  • Keyboard

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Sales Channel

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • France
    • Italy
    • The UK
    • The Netherlands
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Snapshot
2.2.Key findings

2.2.1.Top investment pocket

2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping global musical instruments industry/market

3.2.1.Bargaining power of suppliers
3.2.2.Bargaining power of buyers
3.2.3.Thereat of new entrants
3.2.4.Threat of substitutes
3.2.5.Intensity of competitive rivalry

3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Surge in demand for electronic or self-playing musical instruments
3.3.1.2.Increase in popularity of music concerts and live performance
3.3.1.3.Increased purchasing power of the people

3.3.2.Restraint

3.3.2.1.High cost of electronic musical instruments
3.3.2.2.Customers' lack of desire to purchase musical instruments

3.3.3.Opportunity

3.3.3.1.Growth in e-commerce sales
3.3.3.2.Increase in adoption of advanced technology

3.4.COVID-19 Impact Analysis
3.5.Player Positioning
3.6.Value Chain Analysis
3.7.Industry Pain Point Analysis

CHAPTER 4:GLOBAL MUSICAL INSTRUMENTS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Stringed

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis, by country

4.3.Brass & Woodwind

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis, by country

4.4.Percussion

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis, by country

4.5.Keyboard

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis, by country

CHAPTER 5:GLOBAL MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL

5.1.Overview

5.1.1.Market size and forecast

5.2.Supermarkets/Hypermarkets

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis, by country

5.3.Specialty Stores

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis, by country

5.4.Online sales channel

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast
5.4.3.Market analysis, by country

CHAPTER 6:MUSICAL INSTRUMENTS MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.4.Market size and forecast, by distribution channel
6.2.5.Market size and forecast, by country
6.2.6.U.S.

6.2.6.1.Market size and forecast, by type
6.2.6.2.Market size and forecast, by distribution channel

6.2.7.Canada

6.2.7.1.Market size and forecast, by type
6.2.7.2.Market size and forecast, by distribution channel

6.2.8.Mexico

6.2.8.1.Market size and forecast, by type
6.2.8.2.Market size and forecast, by distribution channel

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type
6.3.4.Market size and forecast, by distribution channel
6.3.5.Market size and forecast, by country
6.3.6.Germany

6.3.6.1.Market size and forecast, by type
6.3.6.2.Market size and forecast, by distribution channel

6.3.7.France

6.3.7.1.Market size and forecast, by type
6.3.7.2.Market size and forecast, by distribution channel

6.3.8.Italy

6.3.8.1.Market size and forecast, by type
6.3.8.2.Market size and forecast, by distribution channel

6.3.9.UK

6.3.9.1.Market size and forecast, by type
6.3.9.2.Market size and forecast, by distribution channel

6.3.10.Netherlands

6.3.10.1.Market size and forecast, by type
6.3.10.2.Market size and forecast, by distribution channel

6.3.11.Spain

6.3.11.1.Market size and forecast, by type
6.3.11.2.Market size and forecast, by distribution channel

6.3.12.Rest of Europe

6.3.12.1.Market size and forecast, by type
6.3.12.2.Market size and forecast, by distribution channel

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.4.Market size and forecast, by distribution channel
6.4.5.Market size and forecast, by country
6.4.6.China

6.4.6.1.Market size and forecast, by type
6.4.6.2.Market size and forecast, by distribution channel

6.4.7.Japan

6.4.7.1.Market size and forecast, by type
6.4.7.2.Market size and forecast, by distribution channel

6.4.8.India

6.4.8.1.Market size and forecast, by type
6.4.8.2.Market size and forecast, by distribution channel

6.4.9.South Korea

6.4.9.1.Market size and forecast, by type
6.4.9.2.Market size and forecast, by distribution channel

6.4.10.Australia

6.4.10.1.Market size and forecast, by type
6.4.10.2.Market size and forecast, by distribution channel

6.4.11.Rest of Asia-Pacific

6.4.11.1.Market size and forecast, by type
6.4.11.2.Market size and forecast, by distribution channel

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.4.Market size and forecast, by distribution channel
6.5.5.Market size and forecast, by country
6.5.6.Brazil

6.5.6.1.Market size and forecast, by type
6.5.6.2.Market size and forecast, by distribution channel

6.5.7.South Africa

6.5.7.1.Market size and forecast, by type
6.5.7.2.Market size and forecast, by distribution channel

6.5.8.Saudi Arabia

6.5.8.1.Market size and forecast, by type
6.5.8.2.Market size and forecast, by distribution channel

6.5.9.United Arab Emirates

6.5.9.1.Market size and forecast, by type
6.5.9.2.Market size and forecast, by distribution channel

6.5.10.Rest of LAMEA

6.5.10.1.Market size and forecast, by type
6.5.10.2.Market size and forecast, by distribution channel

CHAPTER 7:COMPETITION LANDSCAPE

7.1.Top winning strategies
7.2.Product mapping
7.3.Competitive dashboard
7.4.Competitive heat map
7.5.Key developments

7.5.1.Acquisition
7.5.2.Business Expansion
7.5.3.Product Launch

CHAPTER 8:COMPANY PROFILES

8.1.Casio Computer Co., Ltd.

8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.R&D Expenditure
8.1.7.Business performance
8.1.8.Key strategic moves and developments

8.2.C.F. Martin & Co., Inc.

8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Product portfolio
8.2.5.Key strategic moves and developments

8.3.D'addario & Company, Inc.

8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.Key strategic moves and developments

8.4.Eastman Music Company

8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Product portfolio
8.4.5.Key strategic moves and developments

8.5.Fender Musical Instruments Corporation

8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Product portfolio
8.5.5.Key strategic moves and developments

8.6.Guangzhou Pearl River Piano Group Ltd

8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Product portfolio

8.7.Kawai Musical Instruments Mfg. Co., Ltd.

8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Product portfolio
8.7.5.Key strategic moves and developments

8.8.Steinway & Sons

8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Product portfolio
8.8.5.Key strategic moves and developments

8.9.Yamaha Corporation

8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance

8.10.Yanagisawa Wind Instruments Co., Ltd.

8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL MUSICAL INSTRUMENTS MARKET, MARKET BY TYPE, 2020–2030 ($MILLION)
TABLE 02.STRINGED MUSICAL INSTRUMENTS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.BRASS & WOODWIND MUSICAL INSTRUMENTS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.PERCUSSION MUSICAL INSTRUMENTS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 05.KEYBOARD MUSICAL INSTRUMENTS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 06.GLOBAL MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 07.MUSICAL INSTRUMENTS MARKET FOR SUPERMARKETS/HYPERMARKETS, BY REGION, 2020–2030 ($MILLION)
TABLE 08.MUSICAL INSTRUMENTS MARKET FOR SPECIALTY STORES, BY REGION, 2020–2030 ($MILLION)
TABLE 09.MUSICAL INSTRUMENTS MARKET FOR ONLINE SALES CHANNEL, BY REGION, 2020–2030 ($MILLION)
TABLE 10.GLOBAL MUSICAL INSTRUMENTS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 11.NORTH AMERICA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 12.NORTH AMERICA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 13.NORTH AMERICA MUSICAL INSTRUMENTS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 14.U.S. MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 15.U.S. MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 16.CANADA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 17.CANADA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 18.MEXICO MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 19.MEXICO MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 20.EUROPE MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 21.EUROPE MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 22.EUROPE MUSICAL INSTRUMENTS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 23.GERMANY MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 24.GERMANY MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 25.FRANCE MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 26.FRANCE MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 27.ITALY MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 28.ITALY MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 29.UK MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 30.UK MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 31.NETHERLANDS MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 32.NETHERLANDS MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 33.SPAIN MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 34.SPAIN MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 35.REST OF EUROPE MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 36.REST OF EUROPE MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 37.ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 38.ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 39.ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 40.CHINA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 41.CHINA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 42.JAPAN MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 43.JAPAN MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 44.INDIA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 45.INDIA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 46.SOUTH KOREA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 47.SOUTH KOREA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 48.AUSTRALIA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 49.AUSTRALIA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 50.REST OF ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 51.REST OF ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 52.LAMEA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 53.LAMEA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 54.LAMEA MUSICAL INSTRUMENTS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 55.BRAZIL MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 56.BRAZIL MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 57.SOUTH AFRICA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 58.SOUTH AFRICA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 59.SAUDI ARABIA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 60.SAUDI ARABIA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 61.UNITED ARAB EMIRATES MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 62.UNITED ARAB EMIRATES MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 63.REST OF LAMEA MUSICAL INSTRUMENTS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 64.REST OF LAMEA MUSICAL INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 65.CASIO COMPUTER CO., LTD.: KEY EXECUTIVES
TABLE 66.CASIO COMPUTER CO., LTD.: COMPANY SNAPSHOT
TABLE 67.CASIO COMPUTER CO., LTD.: OPERATING SEGMENTS
TABLE 68.CASIO COMPUTER CO., LTD.: PRODUCT PORTFOLIO
TABLE 69.CASIO COMPUTER CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 70.CASIO COMPUTER CO., LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 71.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 72.C.F. MARTIN & CO., INC.: KEY EXECUTIVES
TABLE 73.C.F. MARTIN & CO., INC.: COMPANY SNAPSHOT
TABLE 74.C.F. MARTIN & CO., INC.: PRODUCT PORTFOLIO
TABLE 75.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 76.D’ADDARIO & COMPANY, INC.: KEY EXECUTIVES
TABLE 77.D’ADDARIO & COMPANY, INC.: COMPANY SNAPSHOT
TABLE 78.D’ADDARIO & COMPANY, INC.: PRODUCT PORTFOLIO
TABLE 79.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.EASTMAN MUSIC COMPANY: KEY EXECUTIVES
TABLE 81.EASTMAN MUSIC COMPANY: COMPANY SNAPSHOT
TABLE 82.EASTMAN MUSIC COMPANY: PRODUCT PORTFOLIO
TABLE 83.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 84.FENDER MUSICAL INSTRUMENTS CORPORATION: KEY EXECUTIVES
TABLE 85.FENDER MUSICAL INSTRUMENTS CORPORATION: COMPANY SNAPSHOT
TABLE 86.FENDER MUSICAL INSTRUMENTS CORPORATION: PRODUCT PORTFOLIO
TABLE 87.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 88.GUANGZHOU PEARL RIVER PIANO GROUP: KEY EXECUTIVES
TABLE 89.GUANGZHOU PEARL RIVER PIANO GROUP: COMPANY SNAPSHOT
TABLE 90.GUANGZHOU PEARL RIVER PIANO GROUP: PRODUCT PORTFOLIO
TABLE 91.KAWAI MUSICAL INSTRUMENTS MANUFACTURING CO., LTD.: KEY EXECUTIVES
TABLE 92.KAWAI MUSICAL INSTRUMENTS MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
TABLE 93.KAWAI MUSICAL INSTRUMENTS MANUFACTURING CO., LTD.: PRODUCT PORTFOLIO
TABLE 94.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 95.STEINWAY & SONS: KEY EXECUTIVES
TABLE 96.STEINWAY & SONS: COMPANY SNAPSHOT
TABLE 97.STEINWAY & SONS: PRODUCT PORTFOLIO
TABLE 98.KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 99.YAMAHA CORPORATION: KEY EXECUTIVES
TABLE 100.YAMAHA CORPORATION: COMPANY SNAPSHOT
TABLE 101.YAMAHA CORPORATION: OPERATING SEGMENTS
TABLE 102.YAMAHA CORPORATION: PRODUCT PORTFOLIO
TABLE 103.YAMAHA CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 104.YANAGISAWA WIND INSTRUMENTS CO., LTD.: KEY EXECUTIVES
TABLE 105.YANAGISAWA WIND INSTRUMENTS CO., LTD.: COMPANY SNAPSHOT
TABLE 106.YANAGISAWA WIND INSTRUMENTS CO., LTD.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL MUSICAL INSTRUMENTS MARKET
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.HIGH BARGAINING POWER OF BUYERS
FIGURE 06.LOW THREAT OF NEW ENTRANTS
FIGURE 07.LOW THREAT OF SUBSTITUTES
FIGURE 08.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.GLOBAL MUSICAL INSTRUMENTS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES, 2020–2030
FIGURE 10.TOP PLAYER POSITIONING
FIGURE 11.VALUE CHAIN ANALYSIS
FIGURE 12.PAIN POINT ANALYSIS
FIGURE 13.GLOBAL MUSICAL INSTRUMENTS MARKET SHARE, BY TYPE, 2020–2030
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF STRINGED MUSICAL INSTRUMENTS MARKET ($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF BRASS & WOODWIND MUSICAL INSTRUMENTS MARKET ($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF PERCUSSION MUSICAL INSTRUMENTS MARKET($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF KEYBOARD MUSICAL INSTRUMENTS MARKET ($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.GLOBAL MUSICAL INSTRUMENTS MARKET SHARE, BY DISTRIBUTION CHANNEL, 2020–2030
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF MUSICAL INSTRUMENTS MARKET FOR SUPERMARKETS/HYPERMARKETS ($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF MUSICAL INSTRUMENTS MARKET FOR SPECIALTY STORES ($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF MUSICAL INSTRUMENTS MARKET FOR ONLINE SALES CHANNEL ($MILLION), BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.GLOBAL MUSICAL INSTRUMENTS MARKET SHARE, BY REGION, 2020–2030
FIGURE 23.U.S. MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 24.CANADA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 25.MEXICO MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 26.GERMANY MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 27.FRANCE MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 28.ITALY MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 29.UK MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 30.NETHERLANDS MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 31.SPAIN MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 32.REST OF EUROPE MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.CHINA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.JAPAN MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.INDIA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.SOUTH KOREA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.AUSTRALIA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.REST OF ASIA-PACIFIC MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.BRAZIL MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.SOUTH AFRICA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.SAUDI ARABIA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 42.UNITED ARAB EMIRATES MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 43.REST OF LAMEA MUSICAL INSTRUMENTS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 44.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 45.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 46.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 47.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 48.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 49.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 50.CASIO COMPUTER CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 51.CASIO COMPUTER CO., LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 52.CASIO COMPUTER CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 53.CASIO COMPUTER CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 54.YAMAHA CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 55.YAMAHA CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56.YAMAHA CORPORATION: REVENUE SHARE BY REGION, 2020 (%)

 
 

The growing number of music enthusiasts is expected to drive demand for musical instruments. The customers of this market are primarily hobbyists. This category includes students, parents of students, recreational players, and aspiring professionals.

Children who begin learning musical instruments at a young age are more likely to develop an interest in music later in life. This attraction leads such users to pursue a career in music. Increase in these customers is expected to increase demand for musical instruments.

The education sector is the significant consumer of musical instruments. This is attributed to the fact that music courses are being offered as part of the curriculum in schools and institutions to encourage students to pursue a career in music. Many universities provide graduate and post-graduate music studies, such as jazz studies and film scoring. Many companies operating in this market have taken various initiatives for promoting musical instruments among consumers. Such initiatives are expected to boost the overall growth of the music industry, thereby propelling the growth of the musical instruments market.

Professional musicians who have been in the industry for a long time prefer to learn various instruments as a hobby in their free time. As a result, they have a large number of instruments for personal use. Furthermore, such customers are less price-sensitive and prefer high-quality products that necessitate regular maintenance, which is expected to contribute toward the market growth in the coming years.

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A. The global musical instruments market size was valued at $9,826.5 million in 2020, and is projected to reach $11,589.8 million by 2030, registering a CAGR of 2.1%. This is attributed to the rising disposable income and increased demand for musical instruments due to the growing interests of people in learning to play musical instruments.

A. The global musical instruments market is expected to grow at a CAGR of 2.1% from 2021 to 2030. Technological advancements are expected to propel the growth of the musical instrument market. The increasing use of sophisticated technologies encourages major players to design and develop a wide range of upgraded versions of musical instruments.

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A. The prominent players operating in the global musical instruments industry include Yamaha Corporation, Kawai Musical Instruments Mfg. Co. Ltd., Guangzhou Pearl River Piano Group Ltd., Casio Computer Co. Ltd., C.F. Martin & Co. Inc, D’addario & Company Inc., Eastman Music Company, Fender Musical Instruments Corporation, Roland Corporation, Steinway & Sons, and Yanagisawa Wind Instruments Co. Ltd.

A. The musical instruments market analysis is done according to segmentation on the basis of type, distribution channel, and region. On the basis of type, the musical instruments market is categorized into stringed, brass & woodwind, percussion, and keyboard. According to distribution channel, the market is fragmented into supermarkets/hypermarkets, specialty stores, and online sales channel. Region wise, the musical instruments market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. The base year calculated in the global musical instruments market report is 2020. The year 2020 was an exceptional year due to the outbreak of the COVID-19 disease. The report provides a detailed analysis of the impact of COVID-19 on the global musical instruments market.

A. Global demand for musical instruments has been influenced in part by technological advancement. Among the most popular instruments are digital keyboards, pianos, guitars, and wind instruments, which can be purchased from local retailers, superstores, and chain stores. Digital musical instruments are widely used by both professionals and non-professionals as they are easier to play than traditional musical instruments. These factors are expected to propel the growth of the market in near future.

A. According to the musical instruments market forecast, by type, the stringed segment accounted for 43.1% of the musical instruments market share in 2020, due to the increased sales of electric guitars. Based on the distribution channel, the specialty stores segment holds the maximum share.

A. The major factors shaping the musical instruments market includes growing e-commerce platforms, technological advancements, rising disposable income, high cost of musical instruments, growing popularity of live performances, growing penetration of social media, and growing preference for music as extra-curricular activity.

A. The outbreak of the COVID-19 pandemic has hindered the overall growth of the music instrument industry. Owing to the disruption in the supply chain, the production and supply of musical instrument were hampered, owing to unavailability through online and offline channels. In addition, consumer demand has shifted from musical instruments toward essential food items and safety items.

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