Global Musical Instrument Market 2021-2025
The publisher has been monitoring the musical instrument market and it is poised to grow by $ 807.99 mn during 2021-2025, progressing at a CAGR of 2% during the forecast period.
The report on musical instrument market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing popularity of live musical performances and concerts, rising technological innovations, and increasing consumer spending on music-related activities. In addition, increasing popularity of live musical performances and concerts is anticipated to boost the growth of the market as well.
The musical instrument market analysis includes product segment and geographical landscapes.
The musical instrument market is segmented as below:
Pianos and keyboards
Drums and percussion instruments
By Geographical Landscapes
This study identifies the rising popularity of online stores as one of the prime reasons driving the musical instrument market growth during the next few years. Also, growing acceptance of music education in school curriculum, and growth of musical instruments resale segment will lead to sizable demand in the market.
The report on musical instrument market covers the following areas:
Musical instrument market sizing
Musical instrument market forecast
Musical instrument market industry analysis
The publisher recognizes the following companies as the key players in the global musical instrument market: C. F. Martin & Co. Inc., Casio Computer Co. Ltd., Fender Musical Instruments Corp., Gibson Brands Inc., HOSHINO GAKKI Co. Ltd., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Roland Corp., Steinway Inc., and Yamaha Corp.
Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is rising popularity of online stores.'
According to the report, one of the major drivers for this market is the increasing popularity of live musical performances and concerts.
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.
Key Topics Covered:
Five Forces Analysis
Market Segmentation by Product
C. F. Martin & Co. Inc.
Casio Computer Co. Ltd.
Fender Musical Instruments Corp.
Gibson Brands Inc.
HOSHINO GAKKI Co. Ltd.
Kawai Musical Instruments Mfg. Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/xidkii
View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005490/en/
Laura Wood, Senior Press Manager
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