Global Electronic Musical Instrument Market to grow at a CAGR of 1.80% during the period 2017-2021

Market Research analysts forecast the global electronic musical instrument market to grow at a CAGR of 1.80% during the period 2017-2021.

The following companies as the key players in the global electronic musical instrument market: Denon DJ, Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Numark Industries, Pioneer DJ, Roland, Steinway & Sons, and Yamaha.

Other Prominent Vendors in the market are: Allen & Heath, Audio-Technica, C.F. Martin & Company, D'Addario, Focusrite, Harman International, Hercules, Korg, QRS Music Technology, Reloop, Sennheiser Electronic, Serato Audio Research, and Shure.

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Commenting on the report, an analyst from Reports team said: The latest trend gaining momentum in the market is increasing music education in schools. Increasing music education in schools is an important factor that will drive the music market. It helps children develop their music abilities and also helps in the cultivation of new musicians. With busy schedules at schools, children are left with limited time for extracurricular activities such as music.
According to the report, one of the major drivers for this market is rising number of concerts and live performances. The passion for music among the younger generation has contributed to the growing popularity of concerts and live events. The growing preference for concerts and live performances has led to the formation of many musical bands that perform different types of music, including blues, pop, rock, metal, and electronica.

Further, the report states that the long replacement cycle of musical instruments is a major challenge for musical instrument vendors. The replacement cycle refers to the period between the purchase and the replacement of a musical instrument. Most musical instruments have long replacement cycles. They can be used for many years, and their quality of sound improves with their age.

About electronic musical instrument

Electronic musical instruments are variants of musical instruments, where the music output is produced from electric input. Despite the high average selling price of these instruments, they are increasingly being adopted. The market is observing a growing number of M&A. Strategic alliances, M&A, and partnerships are corporate strategies that help an enterprise sustain its growth. They are undertaken to increase market share, gain new domain knowledge, enter new markets, lower operation costs, enhance industry know-how, improve profitability, and gain new clients.

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Covered in this report

The report covers the present scenario and the growth prospects of the global electronic musical instrument market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of electronic musical instruments globally.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Electronic Musical Instrument Market 2017-2021, 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
Denon DJ
Fender Musical Instruments
Gibson Brands
Kawai Musical Instruments
Numark Industries
Pioneer DJ
Roland
Steinway & Sons
Yamaha
Other prominent vendors
Allen & Heath
Audio-Technica
C.F. Martin & Company
D'Addario
Focusrite
Harman International
Hercules
Korg
QRS Music Technology
Reloop
Sennheiser Electronic
Serato Audio Research
Shure
Market driver
Rising number of concerts and live performances
For a full, detailed list, view our report

Market challenge
Long replacement cycle of musical instruments
For a full, detailed list, view our report

Market trend
Increasing music education in schools
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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