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
Next-Gen Biometric Authentication Market Size Forecasted To Achieve $25.99 Billi …
The Next-Gen Biometric Authentication Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Next-Gen Biometric Authentication Market Size and Projected Growth Rate?
The market size for next-generation biometric authentication has seen an impressive increase in recent times. The market is projected to expand from…
Rising Cases Of Premature Births Driving Growth In The Market Due To Increasing …
The Necrotizing Enterocolitis Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Necrotizing Enterocolitis Market Size and Its Estimated Growth Rate?
The market for necrotizing enterocolitis has seen a robust expansion in recent years. Projected to escalate from $4.83 billion in 2024 to…
Multi-Axis Force Torque Sensor Market Forecast 2025-2034: Comprehensive Analysis …
The Multi-Axis Force Torque Sensor Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Multi-Axis Force Torque Sensor Market?
In recent times, the market size for the multi-axis force torque sensor has shown substantial growth. It is projected to expand…
Evolving Market Trends In The Metal Power Transmission Chain Industry: Innovativ …
The Metal Power Transmission Chain Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Metal Power Transmission Chain Market Size During the Forecast Period?
Recent years have seen a robust growth in the size of the metal power transmission chain market. Expected to…
More Releases for Percussion
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…
Global Drums Sets Market 2018 | Newest Industry Data - Crazy Cart, FDW, Drum Cra …
www.GenMarketInsights.com recently published their Global Drums Sets Market Research Report 2018-2023 which is a thorough review helping measure and analyze data generated through a deep study and industry research.
The infusion of new insights enables enterprises to enhance their marketing, products, and overall productivity. With help of report, enterprises unlock growth prospects whereas without them, they run great risks.
DOWNLOAD FREE SAMPLE REPORT: https://goo.gl/bKPaod
Furthermore, the report also helps to measure and optimize…
