Musical Instruments Market

Global Musical
Instruments Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Report Description
The global musical instruments market, witnessing passive growth since the global
financial crisis of 2006-07, is estimated to continue sluggish development during the
forecast period 2016-2026. Key markets, including the U.S., Germany, France, Italy, India,
and China have experienced superficial growth in the demand for musical instruments,
owing to which the global market is expected to thrive at a single digit CAGR throughout
the forecast period. While North America and Western Europe will continue to hold
leading market share, the Middle East, Latin America, and Africa are anticipated to
account for sluggish volume-wise growth compared to major markets.
U.S. will Dominate the Market; Keyboard Stringed Instruments Will Remain the Largest
Segment
U.S. will continue to account for a leading share of the global musical instruments
market. The prominence of keyboard stringed instruments will continue over the forecast
period, creating consistent growth opportunity for keyboard manufacturers. The trend of
rising domestic demand and curtailed imported production observed in the recent past,
is estimated to continue during the forecast period as well. Owing to the less-resourcehiring
pattern in the overall musical instruments manufacturing industry, the competitive
landscape seems to be fragmented and will continue to exhibit fragmentation. However,
total production revenues are predicted remain steady during the forecast period.
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Report Description
Musical Instruments Market: Key Drivers
Technological innovation has played an important role in moderate demand for musical
instruments on a global level. The most sought-after instruments include digital
keyboards, pianos, guitar, wind instruments, and PA equipment, which are available at
local retailers, superstores, and chain stores. The availability of strong and reliable online
retailers is also expected to play a crucial role in generating new
revenue channels. Growing popularity and influence of western music in developing
regions will play a key role in sustaining the demand for musical instruments in the global
market. Moreover, reestablished interest in classical music can also be considered to fuel
the demand for musical instruments.
The demand for specific musical instruments is driven by the choice of a majority of
population in specific regions. Moreover, cultural and socio-economic factors in
respective geographies are expected to hold their influence on the sales of specific
musical instruments. As growing adoption of music as a hobby or full-fledged career
choice persists in adolescents, it is anticipated to push the demand for a variety of
instruments in market. A considerable middle class population from emerging economies
is currently enjoying substantial disposable income, increasing the expenditure on
leisure, including art and music. The increasing number of music reality shows, live music
bands, and concerts is projected to pose a positive impact on the increase in the demand
for modern, high-tech, expensive instruments.
However, the emergence of app-based musical instruments may impede the sales of

Report Description
musical instruments in the near future.
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Key Market Trends
• Electronic organs and pianos are expected to take over traditional instruments.
• Traditional pianos, which hold a substantial market share, are expected to face strong
competition by self-playing pianos.
High quality, and low operating and maintenance costs tend to significantly influence
consumers’ buying decision.
Global Musical Instruments Market: Segmentation
The global musical instruments market is segmented on the basis of region, applications,
types, and end-use.
On the basis of region, the global musical instruments market is segmented on the basis
of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific
excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.
The global musical instruments market can be segmented on the basis of type into
percussion instruments, string instruments, piano & key instruments, and organs & air
blown instruments. The global musical instruments market can be segmented on the
basis of applications into commercial events, personal use, and music production etc. The

Report Description
end use segmentation of global musical instruments market comprises personal and
commercial use.
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Key Players in Global Musical Instruments Market
The key participants in the global musical instruments market are Gibson Guitars and
Basses, QRS Music, Fender Musical Corporation, Steinway Musical Instruments, Zildjian
Cymbals, Paiste Cymbals, Cort, Casio, Yamaha, C F Martin, Korg, Roland, Kawai, Pearl,
Tama, Mapex, Sonor, ESP, Ibanez, Pluto, Tristar,
and Granada. However, Yamaha, QRS Music, and Steinway are witnessing higher sales
opportunities compared to other companies.

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