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Global Electronic Drums Market Expected Fastest Growth Due to Educational Percussion during Next Five to Six Years

05-18-2018 07:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PS Market Research

Global Electronic Drums Market Expected Fastest Growth Due

The growth in consumer spending levels post economic slowdown in developed regions, along with increasing disposable income in the developing countries, has up surged the market penetration of the electronic musical instruments market, in the past few years. Electronic drum kit is slowly and steadily replacing the conventional drum kit. The price of traditional drum kit has fallen steadily over the years, owing to high penetration of electronic drum market. Fewer additional accessories, such as cymbals and heads minimize the operational cost of electronic drum, over the longer run.

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Asia Pacific accounted for the largest regional market of electronic drum in 2014; while it is also expected to retain its market leadership position, during the forecast period attributed to the increasing consumer spending and middle class consumer base in developing countries. North America and Europe are expected to witness a moderate growth, during the forecast period. The U.S. and Canada are the major electronic drum markets in North America. Japan, China, India, and Australia are the major electronic drum market in Asia Pacific. Germany, the U.K., Spain, France and Italy are the major markets in Europe.

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Some of the competitors in the electronic drums market are Yamaha Corporation, Roland Corporation, KORG Inc., inMusic Brands Inc., Sonido Musicals, Fossil Power Systems Inc., Medeli Electronic (Shenzhen) Co. Ltd., and Pyle Audio.

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