Musical Instruments Industry To Rise Up Due To Growing Number Of Music Enthusiasts
Musical Instruments Industry Data Book Covers Stringed, Percussion, Wind and Keyboard Instruments Markets.
Grand View Research’s musical instruments industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Access the Global Musical Instruments Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.
Percussion Instruments Market Growth & Trends
The global percussion instruments market size is expected to reach USD 1.6 billion by 2028, registering a CAGR of 1.1% over the forecast period, according to a new report by Grand View Research, Inc. The market for percussion instruments is expected to grow due to an increase in the number of live concerts and multiday musical events. Furthermore, the business is being fueled by the stage performances of leading companies and musicians.
Percussion instruments are considered a backbone of the music industry as it is one of the oldest instruments played. The coronavirus pandemic adversely affected the percussion instruments business. School closures canceled musical events and live orchestras, and disruptions in the supply chain led to reduced demand for musical instruments at a global level. Yamaha created disinfection guidelines for digital pianos, drums and percussion instruments, keyboards, guitars, pianos, and wind and string instruments.
Order your copy of Free Sample of “Musical Instruments Industry Data Book - Stringed, Percussion, Wind and Keyboard Instruments Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Stringed Instruments Market Growth & Trends
The stringed instruments market held the largest market share in the overall musical instruments market. This growth is primarily driven by the increased sales of electric guitars. Electric guitars have gained immense popularity among musicians and enthusiasts for their distinct and versatile sound, well-suited for various music genres such as rock, pop, blues, and jazz. The unique tonal characteristics and the ability to manipulate sound using effects pedals and amplifiers have made electric guitars essential in modern music production. These factors have significantly contributed to the sales of electric guitars, thereby driving the overall stringed instruments market’s growth.
Wind Instruments Market Growth & Trends
The increasing adoption of wind instruments across diverse musical genres is contributing to the growth of the wind instrument market. For instance, in the jazz genre, the saxophone continues to be a prominent instrument, with renowned musicians incorporating its soulful tones into their compositions. Similarly, in contemporary pop and rock music, wind instruments such as the trumpet and flute are gaining popularity for their unique and expressive qualities. This trend not only expands the market reach of wind instruments but also creates new opportunities for instrument manufacturers and retailers.
Modern wind instruments incorporate improved materials, manufacturing techniques, and design features that enhance playability and sound quality. For instance, the development of advanced key mechanisms and ergonomic designs in saxophones and clarinets has made them more accessible to musicians of all skill levels. These technological advancements attract both beginners and professionals who are seeking instruments that are easier to play and offer enhanced performance capabilities, thus contributing to the growth of the wind instrument market.
Keyboard Instruments Market Growth & Trends
Advancements in technology have revolutionized the keyboard instruments market. Digital keyboards now offer a wide range of features, including realistic piano sounds, multiple instrument voices, recording capabilities, and built-in learning tools. These technological advancements have made keyboards more accessible and appealing to beginners and professionals alike, contributing to market growth.
The availability of learning resources and educational programs has contributed to the increased demand for keyboard instruments. Many music schools and online platforms offer comprehensive courses and tutorials tailored for beginners, making it easier for aspiring musicians to start their learning with keyboards.
Go through the table of content of Musical Instruments Industry Data Book to get a better understanding of the Coverage & Scope of the study.
Competitive Landscape
Key players operating in the Musical Instruments Industry are –
• Casio Computer Co., Ltd. • C.F. Martin & Co., Inc. • D'addario & Company, Inc. • Eastman Music Company • Fender Musical Instruments Corporation • Kawai Musical Instruments Mfg. Co., Ltd. • Yamaha Corporation • Yanagisawa Wind Instruments Co., Ltd. • Steinway Musical Instruments, Inc. • Ludwig Drums • ROLAND MEINL MUSIKINSTRUMENTE GMBH & CO. KG • Jupiter Band Instruments, Inc. • Pearl Musical Instrument Company • Roland Corporation • Buffet Crampon SAS • The Avedis Zildjian Company • Paiste AG
Grand View Research’s Musical Instruments Industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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