openPR Logo
Press release

Global Musical Instruments Market Set for Rapid Growth And Trend, by 2026

10-05-2016 05:02 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Global Musical Instruments Market Set for Rapid Growth

The global musical instruments market, witnessing passive growth since the global financial crisis of 2006-07, is estimated to continue sluggish development during the forecast period 2016-2026. Key markets, including the U.S., Germany, France, Italy, India, and China have experienced superficial growth in the demand for musical instruments, owing to which the global market is expected to thrive at a single digit CAGR throughout the forecast period. While North America and Western Europe will continue to hold leading market share, the Middle East, Latin America, and Africa are anticipated to account for sluggish volume-wise growth compared to major markets.

U.S. will Dominate the Market; Keyboard Stringed Instruments Will Remain the Largest Segment

U.S. will continue to account for a leading share of the global musical instruments market. The prominence of keyboard stringed instruments will continue over the forecast period, creating consistent growth opportunity for keyboard manufacturers. The trend of rising domestic demand and curtailed imported production observed in the recent past, is estimated to continue during the forecast period as well. Owing to the less-resource-hiring pattern in the overall musical instruments manufacturing industry, the competitive landscape seems to be fragmented and will continue to exhibit fragmentation. However, total production revenues are predicted remain steady during the forecast period.

Musical Instruments Market: Key Drivers

Technological innovation has played an important role in moderate demand for musical instruments on a global level. The most sought-after instruments include digital keyboards, pianos, guitar, wind instruments, and PA equipment, which are available at local retailers, superstores, and chain stores. The availability of strong and reliable online retailers is also expected to play a crucial role in generating new revenue channels. Growing popularity and influence of western music in developing regions will play a key role in sustaining the demand for musical instruments in the global market. Moreover, reestablished interest in classical music can also be considered to fuel the demand for musical instruments.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1587

The demand for specific musical instruments is driven by the choice of a majority of population in specific regions. Moreover, cultural and socio-economic factors in respective geographies are expected to hold their influence on the sales of specific musical instruments. As growing adoption of music as a hobby or full-fledged career choice persists in adolescents, it is anticipated to push the demand for a variety of instruments in market. A considerable middle class population from emerging economies is currently enjoying substantial disposable income, increasing the expenditure on leisure, including art and music. The increasing number of music reality shows, live music bands, and concerts is projected to pose a positive impact on the increase in the demand for modern, high-tech, expensive instruments.

However, the emergence of app-based musical instruments may impede the sales of musical instruments in the near future.

Key Market Trends

Electronic organs and pianos are expected to take over traditional instruments.

Traditional pianos, which hold a substantial market share, are expected to face strong competition by self-playing pianos.

High quality, and low operating and maintenance costs tend to significantly influence consumers’ buying decision.

Global Musical Instruments Market: Segmentation

The global musical instruments market is segmented on the basis of region, applications, types, and end-use.

On the basis of region, the global musical instruments market is segmented on the basis of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.

Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1587

The global musical instruments market can be segmented on the basis of type into percussion instruments, string instruments, piano & key instruments, and organs & air blown instruments. The global musical instruments market can be segmented on the basis of applications into commercial events, personal use, and music production etc. The end use segmentation of global musical instruments market comprises personal and commercial use.

Key Players in Global Musical Instruments Market

The key participants in the global musical instruments market are Gibson Guitars and Basses, QRS Music, Fender Musical Corporation, Steinway Musical Instruments, Zildjian Cymbals, Paiste Cymbals, Cort, Casio, Yamaha, C F Martin, Korg, Roland, Kawai, Pearl, Tama, Mapex, Sonor, ESP, Ibanez, Pluto, Tristar, and Granada. However, Yamaha, QRS Music, and Steinway are witnessing higher sales opportunities compared to other companies.

About Us:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 Global Musical Instruments Market Set for Rapid Growth And Trend, by 2026 here

News-ID: 369749 • Views: 690

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Music

Music Publishing& Music Recordings Market Is Booming Worldwide | Universal Music …
HTF MI presents an in-depth overview of the Global Music Publishing& Music Recordings Market Study, detailing the latest product / industry coverage and market forecasts and status by 2023. Market research is categorized as a key area to accelerate marketization. The current market is evolving its presence and some of the major players in the entire study are Universal Music Group, Sony/ATV Music Publishing, Warner Music Group, BMG Rights Management,
Recorded Music Market is Booming Worldwide | Recorded Music, Warner Music, Unive …
HTF MI Analyst have added a new research study on Title “Global Recorded Music Market 2019 by Company, Regions, Type and Application, Forecast to 2024” with detailed information of Product Types [CDrecord, Tape Record, Optical Sound Record & Other], Applications [Recreational Activities, Personal, Commercial & Social] & Key Players Such as Recorded Music NZ, Warner Music Inc, Universal Music, Sony Music Entertainment, LangVan Inc, Master Music Limited, De Plein Vent
Future Growth in Music Market: Key Players- Universal Music Group, Warner Music …
The IT Intelligence Market Research details the Global Music Market research by type (synchronization, digital music, performance rights, streaming and physical) and applications (commercial and personal use) - global industry analysis and forecasts for. Market forecasts, growth trends, and professional and in-depth studies of current conditions. In addition, the report examines the music market for price, cost, and gross revenue. These three points are analyzed for type, company and geography.
Global Music Publishing Market 2017: Kobalt Music Group, Broadcast Music, Disney …
Industry research report that focuses on Music Publishing Market and provides in-depth Global Music Publishing market analysis and future prospects of Music Publishing market 2017-2022 analyses the crucial factors of the Music Publishing market based on current industry conditions, market trends & demands, business methods embraced by Music Publishing market contenders and their growth scenario. This report also provides in-depth data of Music Publishing market based on the key manufacturers,
Music @the neighborhood
Pandit Pravin Godkhindi partners with JustBooks@Culture.place to bring Music learning closer to learners Pravin Godkhindi, one of the best known flutists of our times has launched a new initiative “Music @the neighborhood” to improve the quality & availability of learning of Indian classical music . As part of the initiative Pravin has partnered with Culture.place @JustBooks to bring quality music training to communities across Bangalore. Learning program designed by Pravinji himself are
Music Making Becomes Social
Tonition, a social network and market place for music makers, has been founded on Dec 14th in Berlin, Germany. Tonition is home to all individuals engaged in the creation and production of music – from rookie to experienced professional. The location-based service enables users to find like-minded individuals for their music activities. Users can show their music related skills, experience and interests in their profile. In a second step Tonition will