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Global Musical Instruments Market 2016-2020

Global Musical Instruments Market 2016-2020

About Musical Instruments

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.

Technavio’s analysts forecast the global musical instrument market to grow by revenue surpassing USD 18 billion during the period 2016-2020.

Covered in this report

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.

The market is divided into the following 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
Market driver
  • Introduction of new musical products
  • For a full, detailed list, view our report
Market challenge
  • Increasing use of mobile devices
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of online retail
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Musical Instrument Market 2016-2020

Technavio recognizes the following companies as the key players in the global musical instrument market: Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Roland, Steinway & Sons, and Yamaha.

Other Prominent Vendors in the market are: Audio-Technica, C.F. Martin & Company, D'Addario, Harman International, QRS Music Technology, Sennheiser Electronic, and Shure.

Commenting on the report, an analyst from Technavio’s team said: “Growing popularity of online retail will be a key trend for market growth. With the growing popularity of online retail, numerous musical instruments companies are providing their wide selection through the online space. Companies find the online shopping approach convenient and cost-saving as it allows them to target consumers directly through the web. Some of the popular musical instrument websites are gibson.com, ebay.com, and amazon.com. The accessibility of instruments online and the preference to buy products online will increase during the forecast period with increasing awareness about the internet.”

According to the report, availability of free learning materials on web will be a key driver for market growth. With advances in web technology, a number of online and tutorial sites (such as Justinguitar.com and YouTube.com) use videos, reference articles, and other teaching methodologies to help consumers learn various musical instruments. This has also simplified the learning process for consumers who have busy work schedules and do not find time to join classes despite their passion to learn a musical instrument. This also helps individuals who cannot afford to pay a high fee for traditional music classes by offering courses at no or minimal cost. Hence, the availability of learning materials online encourages consumers to buy musical instruments, driving the market's growth during the forecast period.

Further, the report states that long replacement cycle will be a challenge for the market. The long replacement cycle of musical instruments poses a major challenge to musical instrument vendors. 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 numerous years, and their quality of sound also improves with their age. Furthermore, people tend to purchase an instrument once or twice in their lifetime. They only incur maintenance costs for instruments such as for the replacement of strings in guitars and violin or drumsticks for a drum kit. These costs are low and do not require the user to completely replace the instrument.

Companies Mentioned

ender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Roland, Steinway & Sons, Yamaha, Audio-Technica, C.F. Martin & Company, D'Addario, Harman International, QRS Music Technology, Sennheiser Electronic, and Shure.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Base year
    • Summation errors
    • Definitions
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global music instrument market by type
    • Market size and forecast
      • Table Global musical instrument market 2010-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global musical instrument market by product type
      • Table Global musical instrument market by type in 2015 and 2020
    • Public address equipment
      • Table Global musical instrument market by public address equipment 2010-2020 ($ billions)
      • Table Revenue generated through concerts globally 2010-2020 ($ billions)
      • Table Public address equipment segment by microphone 2010-2020 ($ billions)
      • Table Public address equipment segment by amplifiers2010-2020 ($ millions)
    • String instruments
      • Table Global musical instrument market by string instrument 2010-2020 ($ billions)
      • Table Global string instrument segment by acoustic string instrument 2010-2020 ($ billions)
      • Table Global string instrument segment by electric string instrument 2010-2020 ($ billions)
    • Keyboards
      • Table Global musical instrument market by keyboard 2010-2020 ($ billions)
    • Pianos
      • Table Global musical instrument market by piano 2010-2020 ($ billions)
      • Table Global piano segment by acoustic piano 2010-2020 ($ billions)
      • Table Market share of grand pianos and upright pianos 2015
      • Table Global piano segment by digital piano 2010-2020 ($ millions)
      • Table Global piano market by electric piano 2010-2020 ($ millions)
    • Percussion instruments
      • Table Global musical instrument market by percussion instrument 2010-2020 ($ billions)
      • Table Global percussion market by electric percussion instrument 2010-2020 ($ billions)
      • Table Global percussion market by acoustic percussion instrument 2010-2020 ($ millions)
    • Wind instruments
      • Table Global musical instrument market by wind instrument 2010-2020 ($ billions)
    • DJ Gear
      • Table Global musical instrument market by DJ Gear 2010-2020 ($ millions)
      • Table DJ equipment used by top global DJ artists
      • Table Global DJ Gear segment by controller 2010-2020 ($ millions)
      • Table Global DJ Gear segment by mixer 2010-2020 ($ millions)
      • Table Global DJ Gear segment by media player 2010-2020 ($ millions)
    • Musical synthesizers
      • Table Global musical instrument market by synthesizer 2010-2020 ($ millions)
  • Geographical segmentation
    • Global musical instrument market by geography
      • Table Global musical instrument market by geography 2015 and 2020
    • Musical instrument market in Americas
      • Table Musical instrument market in Americas 2010-2020 ($ billions)
    • Musical instrument market in APAC
      • Table Musical instrument market in APAC 2010-2020 ($ billions)
    • Musical instrument market in EMEA
      • Table Musical instrument market in EMEA 2010-2020 ($ billions)
  • Key leading countries
    • Key leading countries in global musical instrument market
      • Table Share of top 10 countries in global musical instrument market 2015
      • Table Market share and revenue of top 10 countries in global musical instrument market 2015
  • Market drivers
    • Table Independent musicians versus employed musicians 2005 and 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Percentage of population taking at least one music class during lifetime 1985-2015
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors in global musical instrument market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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