Musical Instruments Market Segments and Forecast By End-use Industry 2016-2026

Global Musical
Instruments Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016
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Report
Description
Report Description
The global musical instruments market is witnessing a period of slow, yet steady growth.
The global financial crisis of 2007-08 had a negative impact on the demand for musical
instruments, as consumers focused on cutting down expenses. Focus on meeting basic
necessities gained prominence, and products considered ‘luxury’ or ‘arts & crafts’
witnessed a slowdown in demand.
Another factor that impacted the global demand for musical instruments is the decline in
adolescent population in developed countries. Demand for musical instruments has
traditionally been relatively high from this segment, and declining population has led to
stifled demand. Another factor that has curbed demand is the popularity of app-based
musical instruments. This factor has led to declining sales in the kids’ musical instruments
sector, as many Android and iStore based apps simulate musical instruments available for
kids in the market.
The key factors that are sustaining the demand for musical instruments include influence
of western lifestyle among millennials in developing countries. While the market has
somewhat saturated in developed countries, demand is steadily increasing in developing
countries, where rising smartphone ownership and proliferation of internet has given
youngsters easy access to western music. Renewed interest in classical music is also
contributing to global demand for musical instruments. Moreover, the interest in music
as career and increasing leisure time has also driven up the global musical instruments
market. Various musical competitions and gigs are promoting the sale of musical
instruments among young people being music hobbyists.
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Description
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Global Musical Instruments Market: Segmentation
The global musical instruments market is segmented on the basis of region, applications,
types, and end-use.
On the basis of region, the global musical instruments market is segmented on the basis
of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific
excluding Japan, Middle East & Africa (MEA), and Japan.
The global musical instruments market can be segmented on the basis of type into
percussion instruments, string instruments, piano & key instruments, and organs & air
blown instruments. The global musical instruments market can be segmented on the
basis of applications into commercial events, personal use, and music production etc. The
end use segmentation of global musical instruments market comprises personal and
commercial use.
Global Musical Instruments Market: Region-Wise Outlook
The global musical instruments market witnessed an acceleration in its growth in key
markets of the U.S., China, India, Germany, Italy and France. These key regions will
continue to fuel the demand for global musical instruments, and contribute to global
revenues.
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Global Musical Instruments Market: Key Players
The leading companies operating in the global musical instruments market include
Gibson Guitars and Basses, Fender Musical Corporation, Zildjian cymbals, Paiste
cymbals, Cort, Casio, Yamaha, Korg, Roland, Pearl, Tama, Mapex, Sonor, ESP, Ibanez,
Pluto, Tristar, Granada etc.
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