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Electronic Musical Instruments Market by Product and Geography - Forecast and Analysis 2020-2024 - Product Image

Electronic Musical Instruments Market by Product and Geography - Forecast and Analysis 2020-2024

  • ID: 4900071
  • Report
  • December 2019
  • Region: Global
  • 140 pages
  • TechNavio
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FEATURED COMPANIES

  • C. F. Martin & Co. Inc.
  • CASIO COMPUTER CO. LTD.
  • Gibson Brands Inc.
  • inMusic Brands Inc.
  • Korg Inc.
  • NS Design
  • MORE
Global Electronic Musical Instruments Market: About this market
The electronic musical instruments market analysis considers sales from electric pianos and keyboards, string instruments, drums and percussion instruments, and other products. Our study also finds the sales of electronic musical instruments in APAC, Europe, MEA, North America, and South America. In 2019, the electric pianos segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as generating audio signals to imitate both traditional music instruments such as flute and vocals, as well as new sounds that fit the requirement of new-generation music producers will play a significant role in the electric pianos segment to maintain its market position. Also, our global electronic musical instruments market report looks at factors such as growing demand for music-related activities, rising number of music festivals and live events, and inclusion of music in academic curricula. However, increasing adoption of virtual musical instruments and music production software, availability of used electronic musical instruments, and long replacement cycle may hamper the growth of the electronic musical instruments industry over the forecast period.

Global Electronic Musical Instruments Market: Overview

Inclusion of music in academic curricula
The participation of students in extracurricular activities helps reduce stress, improve productivity, and enhance confidence levels. Thus, several schools, colleges, and universities are including extracurricular activities and add-on courses, in music, into their curricula. Universities and academic institutions such as the University of Cambridge, Princeton University, and Harvard University offer music learning sessions and courses, apart from academics. Over the years, there has been a significant increase in the number of school enrollments globally, which is also contributing to the increasing participation of extracurricular activities, including music. This inclusion of music in academic curricula will lead to the expansion of the global electronic musical instruments market at a CAGR of almost 3% during the forecast period.

Increasing demand for customized electronic musical instruments
Customization of electronic musical instruments, such as electronic guitars and pianos, is an emerging trend in the market. Leading market players offer customized products that are visually appealing and of high quality. The extent of customization can vary from the color of electronic musical instruments to their style. For instance, C. F. Martin & Co. Inc. offers customization of guitars, which allows customers to select from premium exotic and traditional hardwood options; design their own inlays; and customize the shape, style, and design of guitar necks. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global electronic musical instruments market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electronic musical instruments manufacturers, that include C. F. Martin & Co. Inc., CASIO COMPUTER CO. LTD., Fender Musical Instruments Corp., Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Manufacturing Co. Ltd., Korg Inc., NS Design, Roland Corp., and Yamaha Corp.

Also, the electronic musical instruments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • C. F. Martin & Co. Inc.
  • CASIO COMPUTER CO. LTD.
  • Gibson Brands Inc.
  • inMusic Brands Inc.
  • Korg Inc.
  • NS Design
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Electric pianos and keyboards - Market size and forecast 2019-2024
  • String instruments - Market size and forecast 2019-2024
  • Drums and percussion instruments - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Continuous development of new products
  • Rise in availability of music synthesizer clones
  • Increasing demand for customized electronic musical instruments
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
  • PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • C. F. Martin & Co. Inc.
  • CASIO COMPUTER CO. LTD.
  • Fender Musical Instruments Corp.
  • Gibson Brands Inc.
  • inMusic Brands Inc.
  • Kawai Musical Instruments Manufacturing Co. Ltd.
  • Korg Inc.
  • NS Design
  • Roland Corp.
  • Yamaha Corp.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global leisure products market
Exhibit 02: Segments of global leisure products market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Key product offerings
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Product - Market share 2019-2024 (%)
Exhibit 19: Comparison by product
Exhibit 20: Electric pianos and keyboards - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Electric pianos and keyboards - Year-over-year growth 2020-2024 (%)
Exhibit 22: String instruments - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: String instruments - Year-over-year growth 2020-2024 (%)
Exhibit 24: Drums and percussion instruments - Market size and forecast 2019-2024 ($ millions)
Exhibit 25: Drums and percussion instruments - Year-over-year growth 2020-2024 (%)
Exhibit 26: Others - Market size and forecast 2019-2024 ($ millions)
Exhibit 27: Others - Year-over-year growth 2020-2024 (%)
Exhibit 28: Market opportunity by product
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2019-2024 (%)
Exhibit 31: Geographic comparison
Exhibit 32: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: North America - Year-over-year growth 2020-2024 (%)
Exhibit 34: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 36: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 38: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 39: South America - Year-over-year growth 2020-2024 (%)
Exhibit 40: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 41: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 42: Key leading countries
Exhibit 43: Market opportunity
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: C. F. Martin & Co. Inc. - Vendor overview
Exhibit 51: C. F. Martin & Co. Inc. - Product segments
Exhibit 52: C. F. Martin & Co. Inc. - Organizational developments
Exhibit 53: C. F. Martin & Co. Inc. - Key offerings
Exhibit 54: CASIO COMPUTER CO. LTD. - Vendor overview
Exhibit 55: CASIO COMPUTER CO. LTD. - Business segments
Exhibit 56: CASIO COMPUTER CO. LTD. - Organizational developments
Exhibit 57: CASIO COMPUTER CO. LTD. - Geographic focus
Exhibit 58: CASIO COMPUTER CO. LTD. - Segment focus
Exhibit 59: CASIO COMPUTER CO. LTD. - Key offerings
Exhibit 60: Fender Musical Instruments Corp. - Vendor overview
Exhibit 61: Fender Musical Instruments Corp. - Product segments
Exhibit 62: Fender Musical Instruments Corp. - Organizational developments
Exhibit 63: Fender Musical Instruments Corp. - Key offerings
Exhibit 64: Gibson Brands Inc. - Vendor overview
Exhibit 65: Gibson Brands Inc. - Business segments
Exhibit 66: Gibson Brands Inc. - Organizational developments
Exhibit 67: Gibson Brands Inc. - Key offerings
Exhibit 68: inMusic Brands Inc. - Vendor overview
Exhibit 69: inMusic Brands Inc. - Business segments
Exhibit 70: inMusic Brands Inc. - Organizational developments
Exhibit 71: inMusic Brands Inc. - Key offerings
Exhibit 72: Kawai Musical Instruments Manufacturing Co. Ltd. - Vendor overview
Exhibit 73: Kawai Musical Instruments Manufacturing Co. Ltd. - Product segments
Exhibit 74: Kawai Musical Instruments Manufacturing Co. Ltd. - Organizational developments
Exhibit 75: Kawai Musical Instruments Manufacturing Co. Ltd. - Key offerings
Exhibit 76: Korg Inc. - Vendor overview
Exhibit 77: Korg Inc. - Product segments
Exhibit 78: Korg Inc. - Organizational developments
Exhibit 79: Korg Inc. - Key offerings
Exhibit 80: NS Design - Vendor overview
Exhibit 81: NS Design - Product segments
Exhibit 82: NS Design - Organizational developments
Exhibit 83: NS Design - Key offerings
Exhibit 84: Roland Corp. - Vendor overview
Exhibit 85: Roland Corp. - Business segments
Exhibit 86: Roland Corp. - Organizational developments
Exhibit 87: Roland Corp. - Key offerings
Exhibit 88: Yamaha Corp. - Vendor overview
Exhibit 89: Yamaha Corp. - Business segments
Exhibit 90: Yamaha Corp. - Organizational developments
Exhibit 91: Yamaha Corp. - Geographic focus
Exhibit 92: Yamaha Corp. - Segment focus
Exhibit 93: Yamaha Corp. - Key offerings
Exhibit 94: Validation techniques employed for market sizing
Exhibit 95: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • C. F. Martin & Co. Inc.
  • CASIO COMPUTER CO. LTD.
  • Gibson Brands Inc.
  • inMusic Brands Inc.
  • Korg Inc.
  • NS Design
  • MORE
The following companies as the key players in the global electronic musical instruments market: C. F. Martin & Co. Inc., CASIO COMPUTER CO. LTD., Fender Musical Instruments Corp., Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Manufacturing Co. Ltd., Korg Inc., NS Design, Roland Corp., and Yamaha Corp.

Commenting on the report, an analyst from research team said: “The latest trend gaining momentum in the market is the increasing demand for customized electronic musical instruments.”

According to the report, one of the major drivers for this market is the inclusion of music in academic curricula.

Further, the report states that one of the major factors hindering the growth of this market is the long replacement cycle.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • C. F. Martin & Co. Inc.
  • CASIO COMPUTER CO. LTD.
  • Fender Musical Instruments Corp.
  • Gibson Brands Inc.
  • inMusic Brands Inc.
  • Kawai Musical Instruments Manufacturing Co. Ltd.
  • Korg Inc.
  • NS Design
  • RolCorp.
  • Yamaha Corp.
Note: Product cover images may vary from those shown
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