Market Overview:
The global high-end instrument market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-end instruments from both personal and commercial users. In terms of type, the guitar segment is expected to lead the global high-end instrument market during the forecast period, followed by piano and drum segments. The other segment includes wind instruments, stringed instruments, and percussion instruments. In terms of application, personal use is expected to be the largest segment during the forecast period, followed by commercial show use.
Product Definition:
A high-end instrument is an expensive and rare musical instrument that is typically used by professional musicians. These instruments are often made with high-quality materials and features, which allows them to produce a richer sound than lower-end instruments. High-end instruments are important for professional musicians because they allow them to create a more nuanced and accurate sound. Additionally, these instruments can be very valuable financially, making them a prized possession for any musician.
Guitar:
Guitar is the main instrument of rock music. It is played with hands and it has a long history. The modern-day guitar was invented in 1833, when the first successful method of stringed instrument amplification was created. Since then, numerous developments have taken place in this field including various forms of electric guitars as well as amplifiers that can be used to make music on stage or for recording purposes.
Piano:
Piano is a musical instrument which has keys, blackboard and pedals with wire. It's main function is to produce sound by pressing keys. The most important factor that differentiates it from any other keyboard instrument is the way it's played - piano can be played by using both hands on the keyboard or just one hand (pianist). A pianist plays the piano by playing music on its keyboards.
Application Insights:
The personal use segment held the largest share of over 70.0% in 2017. This is attributed to the rising preference for guitars, pianos and drums among all age groups across the globe. The commercial use segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to an increase in demand high-end musical instruments for live performances by bands and orchestras at various events including weddings, anniversaries and other social occasions etc.
High-end instrument manufacturers are focusing on developing new products with advanced features that appeal more consumers than their conventional counterparts do as they have more options for customizing them as per their requirements such as color, design, brand name etc.
Regional Analysis:
North America dominated the global high-end instrument market in 2017. The U.S., as a musical hub, has been home to many great musicians and musicans over the years. This has led to an increase in demand for various types of musical instruments such as guitars, pianos, drums and other such instruments over the past few years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing number of concerts being held across countries such as China.
Growth Factors:
- Increasing demand from the medical and pharmaceutical industry for sophisticated and high-end instruments for diagnosis and research purposes.
- Growing popularity of personalized medicine, which requires customized instruments for diagnosis and treatment.
- Proliferation of nanotechnology and its increasing application in the development of high-end instruments.
- Rising demand from emerging economies for advanced diagnostic equipment to meet the growing healthcare needs of their population.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-end Instrument Market Research Report
By Type
Guitar, Piano, Drum, Other
By Application
personal, Commercial Show
By Companies
ESP, Yamaha, Kawai, Gibson, Taylor, Fender, Martin, Steinway & Sons, TYMA, Roland, Ibanez, HAMER
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global High-end Instrument Market Report Segments:
The global High-end Instrument market is segmented on the basis of:
Types
Guitar, Piano, Drum, Other
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
personal, Commercial Show
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:
- ESP
- Yamaha
- Kawai
- Gibson
- Taylor
- Fender
- Martin
- Steinway & Sons
- TYMA
- Roland
- Ibanez
- HAMER
Highlights of The High-end 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:
- Guitar
- Piano
- Drum
- Other
- By Application:
- personal
- Commercial Show
- 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 High-end 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?
High-end instruments are typically those that cost more than $10,000. They may be used by professional musicians or by people who play in prestigious venues.
Some of the major players in the high-end instrument market are ESP, Yamaha, Kawai, Gibson, Taylor, Fender, Martin, Steinway & Sons, TYMA, Roland, Ibanez, HAMER.
The high-end instrument market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-end Instrument Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-end Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-end Instrument Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-end Instrument Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-end Instrument Market Size & Forecast, 2018-2028
4.5.1 High-end Instrument Market Size and Y-o-Y Growth
4.5.2 High-end Instrument Market Absolute $ Opportunity
Chapter 5 Global High-end Instrument Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High-end Instrument Market Size Forecast by Type
5.2.1 Guitar
5.2.2 Piano
5.2.3 Drum
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-end Instrument Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High-end Instrument Market Size Forecast by Applications
6.2.1 personal
6.2.2 Commercial Show
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-end Instrument Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-end Instrument Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High-end Instrument Analysis and Forecast
9.1 Introduction
9.2 North America High-end Instrument Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High-end Instrument Market Size Forecast by Type
9.6.1 Guitar
9.6.2 Piano
9.6.3 Drum
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High-end Instrument Market Size Forecast by Applications
9.10.1 personal
9.10.2 Commercial Show
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High-end Instrument Analysis and Forecast
10.1 Introduction
10.2 Europe High-end Instrument Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High-end Instrument Market Size Forecast by Type
10.6.1 Guitar
10.6.2 Piano
10.6.3 Drum
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High-end Instrument Market Size Forecast by Applications
10.10.1 personal
10.10.2 Commercial Show
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High-end Instrument Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-end Instrument Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High-end Instrument Market Size Forecast by Type
11.6.1 Guitar
11.6.2 Piano
11.6.3 Drum
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High-end Instrument Market Size Forecast by Applications
11.10.1 personal
11.10.2 Commercial Show
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High-end Instrument Analysis and Forecast
12.1 Introduction
12.2 Latin America High-end Instrument Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High-end Instrument Market Size Forecast by Type
12.6.1 Guitar
12.6.2 Piano
12.6.3 Drum
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High-end Instrument Market Size Forecast by Applications
12.10.1 personal
12.10.2 Commercial Show
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High-end Instrument Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-end Instrument Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High-end Instrument Market Size Forecast by Type
13.6.1 Guitar
13.6.2 Piano
13.6.3 Drum
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High-end Instrument Market Size Forecast by Applications
13.10.1 personal
13.10.2 Commercial Show
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-end Instrument Market: Competitive Dashboard
14.2 Global High-end Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ESP
14.3.2 Yamaha
14.3.3 Kawai
14.3.4 Gibson
14.3.5 Taylor
14.3.6 Fender
14.3.7 Martin
14.3.8 Steinway & Sons
14.3.9 TYMA
14.3.10 Roland
14.3.11 Ibanez
14.3.12 HAMER
