Global Percussion Instrument Market 2016-2020
About Percussion Instruments
Percussion instruments are musical instruments that produce sound due to vibrations. These instruments are categorized into idiophones that produce sounds due to vibrations on the surface of the instrument and membranophones that produce sounds due to vibrations on a stretched membrane, which include drums. These membranes are typically made of animal skin or plastics.
Membranophone percussion instruments are popular, and many drum-like membranophones are used widely across the world. Drum kits that constitute different types of drums and other percussion instruments are popular in the market. Bongos, congas, cajons, and other traditional membranophones are also popular in many regions. Electronic instruments that simulate the sounds produced by percussion instruments are also gaining popularity rapidly.
Technavio’s analysts forecast the global percussion instruments market to grow at a CAGR of 0.64% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global percussion instruments market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of percussion instruments in the Americas, Asia-Pacific (APAC), and Europe, the Middle East, and Africa (EMEA) to calculate the market size.
Technavio's report, Global Percussion 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.
Technavio Announces the Publication of its Research Report – Global Percussion Instrument Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Percussion Instrument Market: Gretsch Drums, Ludwig Drums, Remo, Roland and Yamaha
Other Prominent Vendors in the market are: Alesis, Ashton Music, Corder Drum Company, Drum Workshop, Hoshino Gakki, Jupiter Band Instruments, Majestic Percussion, Meinl Percussion, Pearl Musical Instrument Company, and Walberg and Auge.
Commenting on the report, an analyst from Technavio’s team said: “The use of web-based learning materials is a prominent trend in the market. Technological advances and increased penetration of the Internet have made learning how to use percussion instruments much more accessible and flexible. Online platforms provide training through videos, interactive lessons, virtual mentoring, and other study materials.”
According to the report, the rising demand in emerging markets is a major driver for market growth. Vendors in developed markets are experiencing low growth as the market in these regions is nearing saturation. Further, rapidly growing music industry and increasing fan base of popular bands is encouraging the individuals learn and adopt percussion instruments, thereby contributing to market growth.
Further, the report states that the cost of manufacturing percussion instruments is high due to the increasing cost of the raw materials such as metals, wood, and leather. Also, as the instrument has long replacement cycle, this hinders the revenue inflow of the percussion instrument market.
Gretsch Drums, Ludwig Drums, Remo, Roland, Yamaha, Alesis, Ashton Music, Corder Drum Company, Drum Workshop, Hoshino Gakki, Jupiter Band Instruments, Majestic Percussion, Meinl Percussion, Pearl Musical Instrument Company, Walberg and Auge.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook