The global electronic musical instrument market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The electric piano segment is expected to be the fastest-growing segment in the market, with a CAGR of 5.6%. Stringed instruments are expected to be the second-fastest growing segment in this market, with a CAGR of 4.8%. The electric guitar segment is projected to grow at a CAGR of 3.7%, while percussion instruments are projected to grow at a CAGR of 2%.
5a) The increased use of smartphones has led people who would not have otherwise been able to afford an instrument or lessons before now being able to purchase one or take lessons online through apps like Skype or FaceTime with teachers all over the world at any time they want without having a set schedule that they need adhere too; this will lead people who would not have otherwise been interested in playing an instrument before now being able to do so because it's more accessible than ever before, leading them into buying one or taking lessons online themselves; this will then lead into more sales and revenue from this industry as well because there are more people playing instruments than ever before thanks largely in part thanks largely due largely partly because mainly because primarily because mainly thanks mostly due mostly thanks primarily mainly owing chiefly owing principally owing chiefly principally owing chiefly principally owed most importantly owed most importantly owed most importantly indebtedness primarily indebtedness principally indebtedness chiefly indebtedness foremostly indebtedness firstly foremostly firstly foremostly firstly foremostly firstmost important point is that there are more people playing instruments than ever before.
Some Of The Growth Factors Of This Market:
- The market for electronic musical instruments is growing due to the increase in demand for music education and the rise of digital music.
- The market is also growing due to the increased use of electronic musical instruments in popular culture, such as in movies and video games.
- Electronic musical instrument manufacturers are also increasing their production of these products to meet this demand, which will lead to an increase in sales and revenue for these companies.
- There are many different types of electronic musical instruments available on the market today, which has led to a wider range of choices for consumers when purchasing these products, which will lead to more sales and revenue from this industry as well.
Industry Growth Insights published a new data on “Electronic Musical Instrument Market”. The research report is titled “Electronic Musical Instrument Market research by Types (Electric Piano, Guitar, Stringed Instruments, Percussion Instruments, Electronic Synthesizer, Othe), By Applications (Band, Family, Teaching, Others), By Players/Companies Denon DJ, Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Numark Industries, Pioneer DJ, Roland, Steinway & Sons, Yamaha”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Musical Instrument Market Research Report
By Type
Electric Piano, Guitar, Stringed Instruments, Percussion Instruments, Electronic Synthesizer, Othe
By Application
Band, Family, Teaching, Others
By Companies
Denon DJ, Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Numark Industries, Pioneer DJ, Roland, Steinway & Sons, Yamaha
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Musical Instrument Market Report Segments:
The global Electronic Musical Instrument market is segmented on the basis of:
Types
Electric Piano, Guitar, Stringed Instruments, Percussion Instruments, Electronic Synthesizer, Othe
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Band, Family, Teaching, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Denon DJ
- Fender Musical Instruments
- Gibson Brands
- Kawai Musical Instruments
- Numark Industries
- Pioneer DJ
- Roland
- Steinway & Sons
- Yamaha
Highlights of The Electronic Musical Instrument Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Piano
- Guitar
- Stringed Instruments
- Percussion Instruments
- Electronic Synthesizer
- Othe
- By Application:
- Band
- Family
- Teaching
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Musical Instrument Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electronic musical instrument is an electronic or digital device that produces sound, either through acoustic means or by generating electrical signals.
Some of the key players operating in the electronic musical instrument market are Denon DJ, Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Numark Industries, Pioneer DJ, Roland, Steinway & Sons, Yamaha.
The electronic musical instrument market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronic Musical Instrument Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electronic Musical Instrument Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electronic Musical Instrument Market - Supply Chain
4.5. Global Electronic Musical Instrument Market Forecast
4.5.1. Electronic Musical Instrument Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electronic Musical Instrument Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electronic Musical Instrument Market Absolute $ Opportunity
5. Global Electronic Musical Instrument Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electronic Musical Instrument Market Size and Volume Forecast by Type
5.3.1. Electric Piano
5.3.2. Guitar
5.3.3. Stringed Instruments
5.3.4. Percussion Instruments
5.3.5. Electronic Synthesizer
5.3.6. Othe
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electronic Musical Instrument Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electronic Musical Instrument Market Size and Volume Forecast by Application
6.3.1. Band
6.3.2. Family
6.3.3. Teaching
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electronic Musical Instrument Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electronic Musical Instrument Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electronic Musical Instrument Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electronic Musical Instrument Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electronic Musical Instrument Demand Share Forecast, 2019-2026
9. North America Electronic Musical Instrument Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electronic Musical Instrument Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electronic Musical Instrument Market Size and Volume Forecast by Application
9.4.1. Band
9.4.2. Family
9.4.3. Teaching
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electronic Musical Instrument Market Size and Volume Forecast by Type
9.7.1. Electric Piano
9.7.2. Guitar
9.7.3. Stringed Instruments
9.7.4. Percussion Instruments
9.7.5. Electronic Synthesizer
9.7.6. Othe
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electronic Musical Instrument Demand Share Forecast, 2019-2026
10. Latin America Electronic Musical Instrument Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electronic Musical Instrument Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electronic Musical Instrument Market Size and Volume Forecast by Application
10.4.1. Band
10.4.2. Family
10.4.3. Teaching
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electronic Musical Instrument Market Size and Volume Forecast by Type
10.7.1. Electric Piano
10.7.2. Guitar
10.7.3. Stringed Instruments
10.7.4. Percussion Instruments
10.7.5. Electronic Synthesizer
10.7.6. Othe
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electronic Musical Instrument Demand Share Forecast, 2019-2026
11. Europe Electronic Musical Instrument Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electronic Musical Instrument Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electronic Musical Instrument Market Size and Volume Forecast by Application
11.4.1. Band
11.4.2. Family
11.4.3. Teaching
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electronic Musical Instrument Market Size and Volume Forecast by Type
11.7.1. Electric Piano
11.7.2. Guitar
11.7.3. Stringed Instruments
11.7.4. Percussion Instruments
11.7.5. Electronic Synthesizer
11.7.6. Othe
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electronic Musical Instrument Demand Share, 2019-2026
12. Asia Pacific Electronic Musical Instrument Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electronic Musical Instrument Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electronic Musical Instrument Market Size and Volume Forecast by Application
12.4.1. Band
12.4.2. Family
12.4.3. Teaching
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electronic Musical Instrument Market Size and Volume Forecast by Type
12.7.1. Electric Piano
12.7.2. Guitar
12.7.3. Stringed Instruments
12.7.4. Percussion Instruments
12.7.5. Electronic Synthesizer
12.7.6. Othe
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electronic Musical Instrument Demand Share, 2019-2026
13. Middle East & Africa Electronic Musical Instrument Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electronic Musical Instrument Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electronic Musical Instrument Market Size and Volume Forecast by Application
13.4.1. Band
13.4.2. Family
13.4.3. Teaching
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electronic Musical Instrument Market Size and Volume Forecast by Type
13.7.1. Electric Piano
13.7.2. Guitar
13.7.3. Stringed Instruments
13.7.4. Percussion Instruments
13.7.5. Electronic Synthesizer
13.7.6. Othe
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electronic Musical Instrument Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electronic Musical Instrument Market: Market Share Analysis
14.2. Electronic Musical Instrument Distributors and Customers
14.3. Electronic Musical Instrument Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Denon DJ
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fender Musical Instruments
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gibson Brands
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kawai Musical Instruments
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Numark Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pioneer DJ
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Roland
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Steinway & Sons
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamaha
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
