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Global Digital Keyboard Market 2016-2020

Global Digital Keyboard Market 2016-2020

Market outlook of the global digital keyboard market

Technavio’s market research analyst estimates the global digital keyboards market to grow moderately at a CAGR of approximately 3% during the forecast period. The high flexibility offered by the digital keyboards is the primary growth driver for this market. Digital keyboards are capable of producing different types of sound and are equipped with various types of pre-loaded sounds, music, genre, and effects that help users while playing music.

The growing number of live performances and concerts is expected to drive market growth during the forecast period. The growing interest, passion, and love for music among the populace are expected to lead to the formation of a wide variety of musical bands, which is resulting in an increased number of concerts and live performances worldwide. Since many people attend such performances, the revenue generated by the artists and event organizers is high. This increase in the amount of revenue generated is envisaged to bolster growth in the digital keyboard market during the forecast period.

Geographical segmentation and analysis of the digital keyboard market

  • APAC
  • Americas
  • EMEA
In this market study, analysts have envisaged the APAC region to account for a market share of more than 41% by 2020. The populace’s increase in disposable income is a major factor that augments the adoption of digital keyboards in this region during the forecast period.

Competitive landscape and key vendors

The global digital keyboard market is highly competitive because of the presence of numerous large and small vendors. Intense competition, rapid advances in technology, and frequent changes in consumer preferences are the primary risk factors for the players in this market. In this market, vendors compete on the basis of product differentiation, portfolio, and pricing to gain maximum market prominence during the forecast period.

The top vendors in the market are-
  • Casio
  • Korg
  • Kurzweil Music Systems
  • Roland
  • Yamaha
The other prominent vendors of the market include Hammond Organ, Hamzer, Nord Keyboards, Orla Direct, and Technics Keyboards.

Key questions answered in the report
  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the digital keyboard market?
  • What are the key market trends impacting the growth of the global digital keyboard 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 vendors in the global digital keyboard market?
  • Trending factors influencing the market shares of the Americas, APAC, and MEA?
  • What are the key outcomes of the five forces analysis of the digital keyboard market?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Global Musical Instruments Market 2015-2019
  • Global Digital Music Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Digital Keyboard Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Digital Keyboard Market: Casio, Korg, Kurzweil Music Systems, Roland and Yamaha
Other Prominent Vendors in the market are: Hammond Organ, Hamzer, Nord Keyboards, Orla Direct, and Technics Keyboards.
Commenting on the report, an analyst from Technavio’s team said: “Major musical instrument manufacturers are shifting their focus to emerging markets that have a low penetration rate of digital keyboards. Further, most manufacturers are constantly experimenting with product designs and are introducing new products to stay competitive in the market, which will boost the growth of the global digital keyboard market.”
According to the report, the high flexibility of use and portability of digital keyboards are the drivers of market growth. APAC accounted for the highest market share in 2015, with Japan and China being the key revenue-generating countries. Casio, KORG, Kurzweil Music, Roland, and Yamaha are the key vendors operating in the market.
Further, the report states that long replacement cycle of digital keyboards is a major challenge for the market.

Companies Mentioned

Casio, Korg, Kurzweil Music Systems, Roland, Yamaha, Hammond Organ, Hamzer, Nord Keyboards, Orla Direct, Technics Keyboards.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • End-user segments
    • Base year
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Product life cycle
    • Market size and forecast
      • Table Global digital keyboard market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global digital keyboard market by geography
      • Table Global digital keyboard market by geography 2015
      • Table Global digital keyboard market by geography 2015-2020
    • Digital keyboard market in APAC 2015-2020
      • Table Digital keyboard market in APAC 2015-2020 ($ millions)
    • Digital keyboard market in the Americas
      • Table Digital keyboard market in the Americas 2015-2020 ($ millions)
    • Digital keyboard market in EMEA
      • Table Digital keyboard market in EMEA 2015-2020 ($ millions)
  • Market drivers
    • Table Per capita disposable income of leading countries 2010-2014 ($)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Casio
      • Table Casio: Business segmentation by revenue 2015
      • Table Casio: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Casio: Segmentation of revenue by geography 2015
    • KORG
    • Kurzweil Music Systems
    • Roland
      • Table Roland: Business segmentation by revenue 2014
      • Table Roland: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Roland: Segmentation of revenue by geography 2014
      • Table Roland: Product segmentation by revenue 2014
    • Yamaha
      • Table Yamaha: Business segmentation by revenue 2015
      • Table Yamaha: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Yamaha: Segmentation of revenue by geography 2015
      • Table Yamaha: Product segmentation by revenue 2015
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