Press release
Musical Instrument Market Globally Grow By Revenue Surpassing USD 18 Billion During the period 2017-2020
Albany, NY, 30 JAN : Musical instruments refer to tools or devices that are used to create musical sounds. Musical instruments are made up of materials such as wood, metal, string, and non-durable materials. Some of the most commonly used musical instruments are guitar, piano, wind instruments, keyboard, and percussion.Technavios analysts forecast the global musical instrument market to grow by revenue surpassing USD 18 billion during the period 2016-2020.
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Covered :
The report covers the present scenario and the growth prospects of the global musical instrument market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of musical instruments worldwide.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Musical Instrument Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Fender Musical Instruments
Gibson Brands
Kawai Musical Instruments
Roland
Steinway & Sons
Yamaha
Other prominent vendors
Audio-Technica
C.F. Martin & Company
D'Addario
Harman International
QRS Music Technology
Sennheiser Electronic
Shure
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Key driver
Introduction of new musical products
For a full, detailed list, view our report
Key challenge
Increasing use of mobile devices
For a full, detailed list, view our report
Key trend
Growing popularity of online retail
For a full, detailed list, view our report
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