Press release
Percussion Instruments Market Forecast 2024: Growth Drivers, Trends, and Key Players
Percussion Instruments Market Forecast
According to The Business Research Company's, The percussion instruments market size has grown steadily in recent years. It will grow from $1.40 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to environmental concerns, economic factors, celebrity endorsements, education and training, globalization, music trends, and cultural influences.
The percussion instruments market size is expected to see steady growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to demographic, cross-cultural exchange, cultural influences, sustainability concerns, social media, and influencer marketing. Major trends in the forecast period include the integration of smart features, expansion in world percussion instruments, focus on portability and convenience, the rise of hybrid percussion setups, and continued growth in electronic percussion.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/percussion-instruments-global-market-report
Market Drivers and Trends:
The growing number of live concerts is expected to propel the growth of the percussion instruments market going forward. Live concerts are musical performances presented in real-time before an audience, typically featuring one or more artists or bands performing songs from the repertoire. The growing popularity of live concerts is due to social interaction, artist engagement, visual elements, exclusivity, music discovery, and cultural relevance. Percussion instruments infuse live concerts with rhythmic energy, adding dynamic layers to musical performances through vibrant beats and captivating rhythms. For instance, in February 2024, according to Live Nation Entertainment Inc., a US-based entertainment company, the total number of live concert tickets increased by 13% to exceed 620 million, with fee-bearing tickets rising by 17% to 329 million compared to 2022. Therefore, the growing number of live concerts is driving the growth of the percussion instrument market.
Major companies operating in the percussion instruments market are focused on developing innovative products, such as the Overture tambourine, to boost their revenue in the market. The overture tambourine is a percussion instrument that enhances musical compositions, arrangements, and performances. For instance, in February 2023, Black Swamp Percussion, a US-based provider of professional-quality symphonic and concert percussion, launched the Overture Series, which includes a tambourine (TDOV), castanet machine (OV-CM), and woodblocks (OV-WB). The Overture Series Tambourine boasts textured brass jingles for a vibrant sound, paired with a Remo Renaissance Head that delivers a clear tone. The Castanet Machine introduces a novel model of castanets by Black Swamp, equipped with fiber castanets for outstanding projection within an ensemble, striking a balance without overpowering or reaching excessive pitch. Crafted from rubberwood, the woodblocks offer a cost-effective substitute for maple and come in three distinct sizes.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15232&type=smp
Major Key Players of the Market:
Yamaha Corporation, Guitar Center Inc, Roland Corporation, D'Addario & Company Inc, The Ludwig Drum Company, Conn-Selmer Inc, Gear4music Ltd, InMusic Brands Inc, Remo Inc, Pearl Musical Instrument Co, Mapex Drums, Vic Firth Inc, Gretsch Drums, Sabian Ltd, Meinl Percussion GmbH & Co. KG, Gibraltar Hardware, Premier Percussion Limited, K.H.S. Musical Instrument Co Ltd, Majestic Holland BV, Hoshino Gakki Seizo, Ashton Music Limited, Paiste Cymbals, Long & Mcquade Ltd, Avedis Zildjian Company
Percussion Instruments Market 2024 Key Insights:
• The percussion instruments market size is expected to see steady growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%.
• Live Concerts Fueling Surge In Percussion Instruments Market Growth
• Black Swamp Percussion's Overture Series Redefines Percussion Instruments Market
• North America was the largest region in the percussion instruments market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15232&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Percussion Instruments Market Forecast 2024: Growth Drivers, Trends, and Key Players here
News-ID: 3696766 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Percussion
Primary Catalyst Driving Percussion Instruments Market Evolution in 2025: Live C …
What Is the Future Outlook for the Percussion Instruments Market's Size and Growth Rate?
The percussion instruments market has experienced steady growth in recent years. It will increase from $1.44 billion in 2024 to $1.49 billion in 2025, at a CAGR of 3.4%. This growth is due to environmental concerns, economic factors, celebrity endorsements, education and training, globalization, music trends, and cultural influences.
The percussion instruments market is expected to grow steadily,…
Hand Percussion Market to receive overwhelming hike in Revenues by 2022-2028 Fis …
The Hand Percussion Market is currently developing at a faster rate due to the current modernization and people's limitless needs. The Hand Percussion market research report gives a complete overview of how the market works, its growth factors, its hindering factors, and so on. The Hand Percussion market research report estimates that the market will reach new heights from 2022 to 2028. These facts and statistics are represented in the…
Hand Percussion Market Giants Spending Is Going To Boom | Meinl Percussion, Harb …
Advance Market Analytics published a new research publication on “Global Hand Percussion Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hand Percussion market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled…
Percussion Market Value Projected to Expand by 2027 | Remo, Meinl Percussion
This Percussion market report provides a comprehensive overview of the major aspects that will drive market growth, such as market drivers, constraints, prospects, opportunities, restraints, current trends, and technical & industrial advancements. Industry detailed study, development and enhancement in industrial sector, and new product launches portrayed in this Percussion market report are of extraordinary assistance for the new significant business market players entering into the market. This Percussion market report…
Percussion Market to See Ongoing Evolution 2027 | Players Percussion Plus, MEINL …
The "Global Percussion Market: 2020" Industry Report is a professional and in-depth study on the current state of the Percussion Market by SMI. The Percussion market is supposed to demonstrate considerable growth during the forecast period of 2020 - 2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and…
Percussion Market 2019-2025 Offering an exclusive Report With Key players Percus …
Up Market Research published a detailed report on “Percussion Market”. The report provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2025.
Get Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/109633
The report contains 113 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Percussion Market research report delivers a close…
