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Musical Instruments Global Market Opportunities and Strategies to 2032

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    Report

  • 287 Pages
  • November 2023
  • Region: Global
  • The Business Research Company
  • ID: 5907748
This report describes and explains the musical instruments market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global musical instruments market reached a value of nearly $13.6 billion in 2022, having grown at a compound annual growth rate (CAGR) of 1.7% since 2017. The market is expected to grow from $13.6 billion in 2022 to $16.7 billion in 2027 at a rate of 4.2%. The market is then expected to grow at a CAGR of 5.8% from 2027 and reach $22.2 billion in 2032.

Growth in the historic period resulted from strong economic growth in emerging markets, rise in disposable income, increase in popularity of live musical performances, and rise in number of self-employed musicians. Factors that negatively affected growth in the historic period was COVID-19 impact and regulatory challenges.

Going forward, growing e-commerce sales, rising urbanization and rising penetration of social media platforms will drive the growth. Factor that could hinder the growth of the musical instruments market in the future include high cost of musical instruments and Russia-Ukraine war.

The musical instruments market is segmented by type into stringed, brass and woodwind, percussion, and keyboard. The stringed market was the largest segment of the musical instruments market segmented by type, accounting for 44.2% of the total in 2022. Going forward, the percussion segment is expected to be the fastest growing segment in the musical instruments market segmented by type, at a CAGR of 4.48% during 2022-2027.

The musical instruments market is segmented by distribution channel into supermarkets/hypermarkets, specialty stores, and online sales channel. The specialty stores market was the largest segment of the musical instruments market segmented by distribution channel, accounting for 64.4% of the total in 2022. Going forward, the online sales channel segment is expected to be the fastest growing segment in the musical instruments market segmented by distribution channel, at a CAGR of 5.2% during 2022-2027.

The musical instruments market is segmented by application into commercial events, personal use, music production, and other applications. The commercial events market was the largest segment of the musical instruments market segmented by application, accounting for 46.9% of the total in 2022. Going forward, the commercial events segment is expected to be the fastest growing segment in the musical instruments market segmented by application, at a CAGR of 4.5% during 2022-2027.

Asia Pacific was the largest region in the musical instruments market, accounting for 40.3% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the musical instruments market will be Africa and Middle East where growth will be at CAGRs of 8.6% and 7.3% respectively. These will be followed by South America and Asia Pacific where the markets are expected to grow at CAGRs of 7.1% and 4.1% respectively.

The global musical instruments market is fairly concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 34.67% of the total market in 2022. Yamaha Corporation was the largest competitor with 14.10% share of the market, followed by Fender Musical Instruments Corporation with 6.87%, Roland Corporation with 3.83%, Steinway Musical Instruments, Inc with 2.77%, Gibson Brands, Inc with 2.39%, Casio Computer Co., Ltd. with 1.44%, Guangzhou Pearl River Piano Group Co Ltd with 1.29%, HOSHINO GAKKI CO., LTD. with 1.06%, Eastman Music Company with 0.73%, and C.F. Martin & Co Inc with 0.21%.

The top opportunities in the musical instruments market segmented by type will arise in the stringed segment, which will gain $1.3 billion of global annual sales by 2027. The top opportunities in the musical instruments market segmented by distribution channel will arise in the specialty stores segment, which will gain $1.9 billion of global annual sales by 2027. The top opportunities in the musical instruments market segmented by application will arise in the commercial events segment, which will gain $1.6 billion of global annual sales by 2027. The musical instruments market size will gain the most in China at $682.6 million.

Market-trend-based strategies for the musical instruments market include focusing on sustainable and eco-friendly musical instruments, using sensors on instruments to develop advanced instruments, focusing on smart digital instruments, and strategic partnerships and collaborations.

Player-adopted strategies in the musical instruments market include focusing on expanding business capabilities through strategic acquisitions, enhancing operational capabilities and strengthening business operations through the launch of new products.

To take advantage of the opportunities, the recommends the musical instruments companies to focus on sustainable and eco-friendly musical instruments, focus on smart digital instruments, focus on fast-growing product types, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use b2b promotions, continue to target fast-growing applications and focus on urban population.

Table of Contents

1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Musical Instruments Market Definition And Segmentations
6.4. Market Segmentation By Type
6.4.1. Stringed
6.4.2. Brass And Woodwind
6.4.3. Percussion
6.4.4. Keyboard
6.5. Market Segmentation By Distribution Channel
6.5.1. Supermarkets/Hypermarkets
6.5.2. Specialty Stores
6.5.3. Online Sales Channel
6.6. Market Segmentation By Application
6.6.1. Commercial Events
6.6.2. Personal Use
6.6.3. Music Production
6.6.4. Other Applications
7. Major Market Trends
7.1. Sustainable And Eco-friendly Musical Instruments
7.2. Use Of Sensors On Instruments
7.3. Smart Digital Instruments
7.4. Strategic Partnerships and Collaborations
8. Musical Instruments Market - Macro Economic Scenario
8.1. COVID-19 Impact On The Musical Instruments Market
8.2. Russia-Ukraine War Impact On The Musical Instruments Market
8.3. Impact Of High Inflation On The Musical Instruments Market
9. Global Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, 2017 - 2022, Value ($ Million)
9.2.1. Market Drivers 2017 - 2022
9.2.2. Market Restraints 2017 - 2022
9.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
9.3.1. Market Drivers 2022 - 2027
9.3.2. Market Restraints 2022 - 2027
10. Global Musical Instruments Market Segmentation
10.1. Global Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.2. Global Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.3. Global Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11. Musical Instruments Market, Regional and Country Analysis
11.1. Global Musical Instruments Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.2. Global Musical Instruments Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12. Asia-Pacific Market
12.1. Summar
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Asia-Pacific Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.4. Asia-Pacific Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.5. Asia-Pacific Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.6. Asia-Pacific Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.7. Asia-Pacific Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.8. Asia-Pacific Musical Instruments Market: Country Analysis
12.9. China Market
12.10. Summary
12.11. Market Overview
12.11.1. Country Information
12.11.2. Market Information
12.11.3. Background Information
12.11.4. Government Initiatives
12.11.5. Regulations
12.11.6. Regulatory Bodies
12.11.7. Major Associations
12.11.8. Taxes Levied
12.11.9. Corporate Tax Structure
12.11.10. Investments
12.11.11. Major Companies
12.12. China Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.13. China Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.14. China Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.15. China Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.16. China Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.17. India Market
12.18. India Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.19. India Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.20. India Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.21. India Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.22. India Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.23. Japan Market
12.24. Japan Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.25. Japan Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.26. Japan Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.27. Japan Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.28. Japan Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.29. Australia Market
12.30. Australia Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.31. Australia Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.32. Australia Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.33. Australia Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.34. Australia Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.35. Indonesia Market
12.36. Indonesia Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.37. Indonesia Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.38. Indonesia Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.39. Indonesia Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.40. Indonesia Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.41. South Korea Market
12.42. South Korea Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.43. South Korea Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.44. South Korea Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.45. South Korea Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.46. South Korea Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13. Western Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Western Europe Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.4. Western Europe Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.5. Western Europe Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.6. Western Europe Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.7. Western Europe Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.8. Western Europe Musical Instruments Market: Country Analysis
13.9. UK Market
13.10. UK Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.11. UK Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.12. UK Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.13. UK Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.14. UK Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.15. Germany Market
13.16. Germany Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.17. Germany Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.18. Germany Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.19. Germany Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.20. Germany Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.21. France Market
13.22. France Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.23. France Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.24. France Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.25. France Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.26. France Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14. Eastern Europe Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. Eastern Europe Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.4. Eastern Europe Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.5. Eastern Europe Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.6. Eastern Europe Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.7. Eastern Europe Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.8. Eastern Europe Musical Instruments Market: Country Analysis
14.9. Russia Market
14.10. Russia Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.11. Russia Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.12. Russia Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.13. Russia Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.14. Russia Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15. North America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulation
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. North America Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.4. North America Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.5. North America Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.6. North America Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.7. North America Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.8. North America Musical Instruments Market: Country Analysis
15.9. USA Market
15.10. Summary
15.11. Market Overview
15.11.1. Country Information
15.11.2. Market Information
15.11.3. Background Information
15.11.4. Government Initiatives
15.11.5. Regulation
15.11.6. Regulatory Bodies
15.11.7. Major Associations
15.11.8. Taxes Levied
15.11.9. Corporate Tax Structure
15.11.10. Investments
15.11.11. Major Companies
15.12. USA Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.13. USA Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.14. USA Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.15. USA Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.16. USA Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16. South America Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. South America Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.4. South America Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.5. South America Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.6. South America Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.7. South America Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.8. South America Musical Instruments Market: Country Analysis
16.9. Brazil Market
16.10. Brazil Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.11. Brazil Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.12. Brazil Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.13. Brazil Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.14. Brazil Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17. Middle East Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Middle East Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
17.4. Middle East Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
17.5. Middle East Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.6. Middle East Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.7. Middle East Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18. Africa Market
18.1. Summary
18.2. Market Overview
18.2.1. Region Information
18.2.2. Market Information
18.2.3. Background Information
18.2.4. Government Initiatives
18.2.5. Regulations
18.2.6. Regulatory Bodies
18.2.7. Major Associations
18.2.8. Taxes Levied
18.2.9. Corporate Tax Structure
18.2.10. Investments
18.2.11. Major Companies
18.3. Africa Musical Instruments Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
18.4. Africa Musical Instruments Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
18.5. Africa Musical Instruments Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18.6. Africa Musical Instruments Market, Segmentation By Distribution Channel, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18.7. Africa Musical Instruments Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
19. Competitive Landscape And Company Profiles
20. Company Profiles
20.1. Yamaha Corporation
20.1.1. Company Overview
20.1.2. Products And Services
20.1.3. Business Strategy
20.1.4. Financial Overview
20.2. Fender Musical Instruments Corporation
20.2.1. Company Overview
20.2.2. Products And Services
20.2.3. Business Strategy
20.2.4. Financial Overview
20.3. Roland Corporation
20.3.1. Company Overview
20.3.2. Products And Services
20.3.3. Business Strategy
20.3.4. Financial Overview
20.4. Steinway Musical Instruments, Inc
20.4.1. Company Overview
20.4.2. Products And Services
20.4.3. Financial Overview
20.5. Gibson Brands, Inc
20.5.1. Company Overview
20.5.2. Products And Services
20.5.3. Financial Overview
21. Key Mergers And Acquisitions
21.1. inMusic Acquired Moog Music
21.2. Harmony Acquired Stella
21.3. Francisco Partners Acquired Native Instruments
21.4. Best American Craftsmen (B.A.C.) Acquired Kanstul Musical Instruments
21.5. Fender Musical Instruments Corp (FMIC) Acquired Bigsby
22. Opportunities And Strategies
22.1. Global Musical Instruments Market In 2027 - Countries Offering Most New Opportunities
22.2. Global Musical Instruments Market In 2027 - Segments Offering Most New Opportunities
22.3. Global Musical Instruments Market In 2027 - Growth Strategies
22.3.1. Market Trend Based Strategies
22.3.2. Competitor Strategies
23. Musical Instruments Market, Conclusions And Recommendations
23.1. Conclusions
23.2. Recommendations
23.2.1. Product
23.2.2. Place
23.2.3. Price
23.2.4. Promotion
23.2.5. People
24. Appendix
24.1. Market Data Sources
24.2. Research Methodology
24.3. Currencies
24.4. About the Publisher
24.5. Copyright and Disclaimer

Executive Summary

Musical Instruments Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global musical instruments market as it emerges from the COVID-19 shut down.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
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  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
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  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
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Description:

Where is the largest and fastest-growing market for musical instruments? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider musical instruments market; and compares it with other markets.

The report covers the following chapters

  • Introduction and Market Characteristics-Brief introduction to the segmentations covered in the market, definitions and explanations about the musical instruments market.
  • Key Trends-Highlights the major trends shaping the global musical instruments market. This section also highlights likely future developments in the market.
  • Macro Economic Scenario-The report provides an analysis of geopolitical tensions between Russia and Ukraine, impact of the COVID-19 pandemic and impact of rising inflation and interest rates on global and regional markets, providing strategic insights for businesses in the musical instruments market.
  • Global Market Size and Growth-Global historic (2017-2022) forecast (2022 - 2027, 2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional Analysis-Historic (2017-2022) and forecast (2022 - 2027, 2032F) market values and growth and market share comparison by region.
  • Market Segmentation-Contains the market values (2017-2032) (2022 - 2027, 2032F) and analysis for each segment by type, by distribution channel, and by application in the market.
  • Regional Market Size and Growth-Regional market size (2022), historic (2017-2022) and forecast (2022-2027, 2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape-Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Key Mergers and Acquisitions-Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities And Strategies-Describes market opportunities and strategies based on findings of the research, with information on growth
  • opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions And Recommendations-Includes recommendations for musical instruments providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix-This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:


  1. 1) By Type: Stringed; Brass And Woodwind; Percussion; Keyboard
  2. 2) By Distribution Channel: Supermarkets Or Hypermarkets; Specialty Stores; Online Sales Channel
  3. 3) By Application: Commercial Events; Personal Use; Music Production; Other Applications

Companies Mentioned:

Yamaha Corporation; Fender Musical Instruments Corporation; Roland Corporation; Steinway Musical Instruments Inc; Gibson Brands Inc

Countries:

China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia

Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time-series:

Five years historic and ten years forecast.

Data:

Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; musical instruments indicators comparison.

Data segmentations:

country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing:

Data and analysis throughout the report is sourced using end notes.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Yamaha Corporation
  • Fender Musical Instruments Corporation
  • Roland Corporation
  • Steinway Musical Instruments Inc
  • Gibson Brands Inc.
  • Casio Computer Co Ltd.
  • Guangzhou Pearl River Piano Group Co Ltd
  • HOSHINO GAKKI CO LTD.
  • Eastman Music Company
  • C.F. Martin & Co Inc
  • Aria Guitars Co
  • Ishibashi Music Corporation
  • Shimokura Musical Instruments
  • GT Mfg. Inc.
  • Bhatia Musicals
  • National Musical Instruments Factory Ltd.
  • Zhangqiu Tongxiang Musical Instrument Factory
  • Tianjin Leo Musical Instruments Co., Ltd.
  • Jiyi Musical Instruments Co Ltd
  • Shenzhen Gmax Musical Instrument Ltd
  • Medeli Electronics (Shanghai) Co Ltd.
  • Wuhan Eleca Electronics Co Ltd.
  • Ridenour Clarinet Products U.K. Ltd
  • Clarinet Company, Andertons Music Co
  • Ackerman Music Ltd
  • John Packer Ltd
  • London Musical Instruments Ltd
  • Normans Musical Instruments
  • Presentation Rentals Ltd
  • Tony Bingham
  • Wharfedale
  • Centrum Muzyczne LEMAŃSKI
  • da capo - galeria instrumentów
  • Gitary Mayones s.c
  • Strunal Schönbach s.r.o.
  • K&W MEYER Sp. z o.o
  • ŠIBA s.r.o.
  • Portland Music Company
  • Strait Music Company
  • Harman International Industries
  • Shure Incorporated
  • Gemini Machines Export
  • Fabiollo Peselimaare
  • Central do
  • Borb Oliver Importacao e Comercio de Instrumentos Musicais Ltda
  • Drum Lugs International
  • Gope Instrumentos Musicais Ltda
  • POWER MUSIC
  • MusicMajlis
  • Ethnic Musical Instruments
  • Aiwa
  • X8 Drums
  • Avedis Zildjian Company
  • Agean Cymbals
  • Ase Müzik - Aydın Saz Evi
  • Show Gear Network
  • Am Discovery Musical Instruments
  • Musiekwêreld
  • Polliacks Music Instruments
  • Saramonic Music Instruments

Methodology

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Table Information