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Musical Instruments Market Size, Share & Trends Analysis Report By Instrument Type (Stringed & Percussion, Digital Musical, Wind), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global musical instruments market size is anticipated to reach USD 9.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.2% over the forecast period. Increasing awareness related to various types of music, along with high product visibility of electronic music instruments, is expected to drive the market over the forecast period.

The string and percussion segment dominated the global market with a share of 79.2% in 2018. High product visibility of guitars, violins, and pianos is a major factor contributing to the growth of this segment. Electric guitars have gained significant popularity among the youth population because they are easy to learn and play. However, digital musical instruments are expected to expand at the fastest CAGR of 4.1% from 2019 to 2025. They are capable of producing studio sound effects with a single instrument that has an electronic circuit embedded inside it. This is expected to drive the music industry, which will fuel the product demand.

Asia Pacific occupied the largest market share in 2018 owing to high demand in countries such as Japan and China. China is one of the major countries contributing to the growth of the global market as major manufacturers are leveraging the high influence of western culture in this country. Moreover, production facilities are set up in various developed countries of this region, which, in turn, will improve the production capacity and increase sales. This is expected to positively influence the music instruments market growth in this region.

North America is anticipated to witness the fastest growth from 2019 to 2025 owing to rising popularity of electronic instruments. Majority of the parents in U.S. encourage their children to learn music from a very young age, which helps in developing their taste for music. Such individuals tend to take up music as their profession, which, in turn, will the improve the market demand in this region. This is further expected to contribute to the overall growth of the market over the forecast period.

Further key findings from the study suggest:

• The wind instruments segment in music instruments market is projected to ascend at a CAGR of 3.1%, on account of high availability and growing preference for traditional music among senior citizens

• Europe is expected to expand at a CAGR of 3.5% owing to significant product demand in major countries like Germany and France, which are expected to witness a significant influence of western music culture in the projected period

• In April 2018, as per revised trade rules for shipping musical instruments, instruments containing rosewood require a separate documentation. Illegal rosewood smuggling is carried in out in China, which will hamper use of rosewood in production of high-quality guitars.
 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis 
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights

Chapter 3. Musical Instruments Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Musical Instruments Market
                  3.7. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations

Chapter 5. Musical Instruments Market: Instrument Type Estimates & Trend Analysis
                  5.1. Instrument Type Movement Analysis & Market Share, 2018 & 2025
                  5.2. Stringed & Percussion
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Digital Musical Instruments
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.4. Wind
                      5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Musical Instruments Market: Regional Estimates & Trend Analysis
                  6.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  6.2. North America
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.2.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.2.3. U.S.
                          6.2.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.2.3.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                  6.3. Europe
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.3.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.3.3. Germany
                          6.3.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.3.3.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.3.4. France
                          6.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.3.4.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                  6.4. Asia Pacific
                      6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.4.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.4.3. China
                          6.4.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.4.3.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.4.4. Japan
                          6.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.4.4.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.4.5. India
                          6.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.4.5.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                  6.5. Central & South America
                      6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.5.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                      6.5.3. Brazil
                          6.5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.5.3.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)
                  6.6. Middle East & Africa
                      6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.6.2. Market estimates and forecast, by instrument type, 2015 - 2025 (USD Million)

Chapter 7. Competitive Analysis
                  7.1. Key global players, recent developments & their impact on the industry
                  7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  7.3. Vendor Landscape
                      7.3.1. Key company market share analysis, 2018

Chapter 8. Company Profiles
                  8.1. Yamaha Motor Corp.
                      8.1.1. Company Overview
                      8.1.2. Financial Performance
                      8.1.3. Product Benchmarking
                      8.1.4. Strategic Initiatives
                  8.2. Fender Musical Instruments
                      8.2.1. Company Overview
                      8.2.2. Financial Performance
                      8.2.3. Product Benchmarking
                      8.2.4. Strategic Initiatives
                  8.3. Steinway Musical Instruments
                      8.3.1. Company Overview
                      8.3.2. Financial Performance
                      8.3.3. Product Benchmarking
                      8.3.4. Strategic Initiatives
                  8.4. Roland Corporation
                      8.4.1. Company Overview
                      8.4.2. Financial Performance
                      8.4.3. Product Benchmarking
                      8.4.4. Strategic Initiatives
                  8.5. Gibson Brands, Inc.
                      8.5.1. Company Overview
                      8.5.2. Financial Performance
                      8.5.3. Product Benchmarking
                      8.5.4. Strategic Initiatives
                  8.6. Kawai Musical Instruments Mfg. Co., Ltd.
                      8.6.1. Company Overview
                      8.6.2. Financial Performance
                      8.6.3. Product Benchmarking
                      8.6.4. Strategic Initiatives
                  8.7. C.F. Martin & Co.
                      8.7.1. Company Overview
                      8.7.2. Financial Performance
                      8.7.3. Product Benchmarking
                      8.7.4. Strategic Initiatives
                  8.8. Ace Musical Instruments
                      8.8.1. Company Overview
                      8.8.2. Financial Performance
                      8.8.3. Product Benchmarking
                      8.8.4. Strategic Initiatives
                  8.9. Samsung (Harman Professional)
                      8.9.1. Company Overview
                      8.9.2. Financial Performance
                      8.9.3. Product Benchmarking
                      8.9.4. Strategic Initiatives
                  8.10. Seagull
                      8.10.1. Company Overview
                      8.10.2. Financial Performance
                      8.10.3. Product Benchmarking
                      8.10.4. Strategic Initiatives
List of Tables

1. Musical Instruments - Key market driver analysis
2. Musical Instruments - Key market restraint analysis
3. Global stringed & percussion musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
4. Global digital musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
5. Global wind musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
6. North America musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
7. North America musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
8. U.S. musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
9. U.S. musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
10. Europe musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
11. Europe musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
12. Germany musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
13. Germany musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
14. France musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
15. France musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
16. Asia Pacific musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
17. Asia Pacific musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
18. China musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
19. China musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
20. Japan musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
21. Japan musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
22. India musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
23. India musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
24. Central & South America musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
25. Central & South America musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
26. Brazil musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
27. Brazil musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
28. Middle East & Africa musical instruments market estimates and forecast, 2015 - 2025 (USD Million)
29. Middle East & Africa musical instruments market revenue estimates and forecast by instrument type, 2015 - 2025 (USD Million)
30. Vendor landscape 


List of Figures

1. Musical Instruments market snapshot 
2. Musical Instruments market segmentation & scope
3. Musical Instruments market penetration & growth prospect mapping
4. Musical Instruments value chain analysis
5. Musical Instruments market dynamics
6. Musical Instruments market: Porter's analysis 
7. Musical Instruments market: Instrument Type movement analysis
8. Musical Instruments market: Regional movement analysis

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