Keying into Success: The Piano Market and Its Future 2023-2030

 Musical Instruments Industry Data Book | Forecast 2030

Musical Instruments Industry Data Book - Stringed, Percussion, Wind and Keyboard Instruments Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

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 Report Highlights

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.

  • North America accounted largest market share the market in 2021 and is expected to grow at a growth rate of 0.9% from 2022 to 2028. The presence of top-performing brands, high purchasing power, and a rising number of music live concerts are propelling regional growth

 

  • The electronic percussion instrument segment is expected to grow at the fastest CAGR of over 1.5% from 2022 to 2028. The insertion of electronic percussion instruments from manufacturing companies and rising demand from professionals will drive the segment growth

 

  • Asia Pacific is projected to grow at the fastest CAGR of 1.6% from 2022 to 2028. An increased inclination for adopting musical instruments at an early age, increased disposable income, and a growing music industry are expected to boost the sale of percussion instruments

 

  • The professional category of the application segment accounted for the highest revenue share in 2021 and is expected to grow at a CAGR of 1.0% over the forecast period. Increasing multiday music events and the rising penetration of the music industry are the major drivers of the segment’s growth

 

  • In January 2020, Gretsch Drums introduced the USA custom limited River Cypress kit. It has been handcrafted at the Gretsch factory in the U.S. and is available in limited quantities

 

 

Order your copy of the 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

 

 

Competitive Insights

 

The manufacturers in the musical instruments market aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets. Musical instrument manufacturers aim to strengthen their market positions by expanding their customer base through diversification of their product portfolios and incorporating a wide range of musical instruments. Thus, the players are aiming to achieve business growth in the regional market through product launches, mergers, acquisitions, and other strategic initiatives.

 

 

Go through the table of content of Musical Instruments Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

 

  • In February 2023, Auden Musical Instrument Co., the parent company of Auden Guitars and Gordon Smith Guitars, announced the acquisition of UK Guitar Builders Ltd. The acquisition will help Auden to increase its production capacity and meet the growing demand for its guitars in the UK and across the world.

 

  • In February 2023, Harmony, the manufacturer of musical instruments, announced the acquisition of Stella, a U.S.-based guitar manufacturer, from Westheimer Corporation. The acquisition of Stella will provide Harmony with the opportunity to expand its product line and reach a new audience.

 

  • In September 2022, Fender Musical Instruments Corporation launched a new made-in-Japan Aerodyne Special range of guitars and basses. The instruments feature a fresh design approach while maintaining the classic Fender aesthetic. Common features across the range include basswood bodies, Babicz bridges, modern C-shaped necks with 12-inch radius fretboards, painted headstocks, and binding on the front of the bodies.

 

  • In March 2022, Yamaha, a leading brand in the musical instruments market, launched two new portable keyboards, the PSR-E473 and the PSR-EW425. The PSR-E473 is lighter and more compact with 61 keys, while the PSR-EW425 offers a more piano-like range with an extended 76-key keyboard. Both keyboards are suitable for both beginners and professionals.

 

Check out more Industry Data Books, published by Grand View 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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