Electronic Musical Instruments Market Expected to Grow by USD 436.31 Million | Growing demand for music-related leisure activities to drive market growth

Key Market Dynamics:

  • market engine
  • Market challenges

Growing demand for music-related leisure activities and growing number of music festivals and live events are some of the major market drivers. However, factors such as increasing adoption of virtual musical instruments and music production software will challenge the growth of the market.

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The Electronic Musical Instruments Market report is segmented by Product (Pianos & Electric Keyboards, Stringed Instruments, Drums & Percussion Instruments, and Others) and Geography (North America, EuropeACPA, South Americaand MEA).

By product, the electric pianos and keyboards segment will witness significant growth in its market share over the forecast period. Growing R&D investments by major players coupled with growing consumer interest in spending on different types of electronic musical instruments will play a major role in driving market revenue growth in electric pianos and keyboards segment. The electric pianos and keyboards segment includes instruments such as digital pianos, electronic pianos, portable keyboards, hybrid pianos, arranger keyboards, synthesizers, workstations and MIDI keyboards. Electric pianos are generally categorized into electronic pianos and digital pianos.

By geography, North America will be the leading region with 40% of the market growth during the forecast period. The United States and Canada are the major countries in the electronic musical instruments market in North America. Moreover, the growth of the market in this region will be faster than the growth of the market in Europe.

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Some companies mentioned with their offers

    • CF Martin & Cie Inc. – The company offers a Modern Deluxe collection of guitars, electric bass strings and other products.
    • CASIO Computer Co.Ltd. – The company offers Digital Piano GP 510-BP, Privia PX-S1000 and other products.
    • Fender Musical Instruments Corp. – The company offers acoustic amplifiers such as Acoustic Junior GO and others. It offers contemporary digital instruments such as Tone Master Deluxe Reverb Blonde and other products.
    • Gibson Brands Inc.- The company offers bass guitars such as SG Standard Bass, Thunderbird Bass and other products.
    • inMusic Brands – The company offers disk jockey consoles such as MPC One, MPC X and others.
  • To access more supplier profiles with their key offerings available with Technavio, click here

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Scope of the electronic musical instruments market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 3%

Market Growth 2021-2025

$436.31 million

Market structure

Fragmented

Annual growth (%)

2.17

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 40%

Main consumer countries

United States, Japan, China, Germany, France and Canada

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

CF Martin & Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Gibson Brands Inc., inMusic Brands, KORG Inc., NS Design, Pioneer Corp., Roland Corp. and Yamaha Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • appendix

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