Market Overview:
The global keyboard instruments market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The other type segment is expected to be the fastest-growing segment in the global keyboard instruments market during the forecast period. This can be attributed to the increasing demand for stringed and electronic keyboards across different applications, such as households, stage performances, and others. In terms of region, North America is expected to hold the largest share of the global keyboard instruments market in 2018. This can be attributed to factors such as rising disposable income levels and growing demand for musical instruments in countries such as Canada and U.S.
Product Definition:
A keyboard instrument is any musical instrument played using a keyboard. The most common of these are the piano, organ, and synthesizer. Keyboard instruments are important in classical music because they can play many different notes at once and can be used for both melody and accompaniment.
Electronic Instrument:
An electronic instrument is an information processing device that generates, stores and processes musical sounds and tones. It is a keyboard-based system which consists of an assemblage of components that generate audio signals when activated by the performer’s hands or some other external source such as a foot pedal. The most common types of electronic instruments are keyboards, synthesizers, digital pianos/keyboards and drum machines.
String Instruments:
String instruments include a group of musical instruments that are played by plucking, bowing, or striking the strings. The most common types of string instruments are guitars, violins, and pianos. Other types of stringed instruments include banjos, mandolins and ukuleles among many others.
Application Insights:
The stage application segment held the largest share of more than 70.0% in 2017. The demand for keyboard instruments is generally higher on stages compared to that in households. This may be attributed to the social and cultural significance attached to music and live performances across cultures globally, especially in developed countries like U.S., Canada, U.K.
Regional Analysis:
North America dominated the global keyboard instruments market in 2017. The growth of this region can be attributed to the increasing popularity of live concerts and music festivals. For instance, as per a recent study, there were about 1,900 music festivals held around the world in 2016. These events generated more than 7 million tickets that were sold and consumed mostly by young people (aged 15-34 years). This is expected to increase musical experience for many people across North America and generate demand for new or replacement keyboards over next eight years.
Asia Pacific is expected to witness significant growth over the forecast period owing to an increasing number of live concerts in countries such as China and India on account of rising disposable income among middle-class population groups coupled with growing interest shown by tourists from other Asian countries attending these shows which generates demand for keytar accessories such as stands & supports, stage lighting equipment etc., Hence it will boost regional market growth during 2018 - 2030 periods.
Growth Factors:
- Increasing demand for portable keyboards from amateur and professional musicians
- Rising popularity of electronic dance music (EDM) and other genres that require keyboard instruments for live performances
- Proliferation of music education programs in schools and universities, which is driving demand for keyboards among students and young professionals
- Growing number of home recording studios, which is boosting sales of MIDI controllers and other types of keyboard instruments
- Technological advancements that are making keyboards more versatile, powerful, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Keyboard Instruments Market Research Report
By Type
Electronic Instrument, String Instruments, Other
By Application
Household, Stage, Other
By Companies
Casio, RockJam, Hamzer, Yamaha, Best Choice Products, AirTurn, ChromaCast, Generic, LIPPO, Andoer
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Keyboard Instruments Market Report Segments:
The global Keyboard Instruments market is segmented on the basis of:
Types
Electronic Instrument, String Instruments, 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
Household, Stage, Other
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:
- Casio
- RockJam
- Hamzer
- Yamaha
- Best Choice Products
- AirTurn
- ChromaCast
- Generic
- LIPPO
- Andoer
Highlights of The Keyboard Instruments 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:
- Electronic Instrument
- String Instruments
- Other
- By Application:
- Household
- Stage
- Other
- 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 Keyboard Instruments 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?
Keyboard instruments are musical instruments that use a keyboard to produce sound. They can be played by hand or with the help of an electronic keyboard controller.
Some of the major companies in the keyboard instruments market are Casio, RockJam, Hamzer, Yamaha, Best Choice Products, AirTurn, ChromaCast, Generic, LIPPO, Andoer.
The keyboard instruments market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Keyboard Instruments 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. Keyboard Instruments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Keyboard Instruments Market - Supply Chain
4.5. Global Keyboard Instruments Market Forecast
4.5.1. Keyboard Instruments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Keyboard Instruments Market Size (000 Units) and Y-o-Y Growth
4.5.3. Keyboard Instruments Market Absolute $ Opportunity
5. Global Keyboard Instruments 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. Keyboard Instruments Market Size and Volume Forecast by Type
5.3.1. Electronic Instrument
5.3.2. String Instruments
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Keyboard Instruments 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. Keyboard Instruments Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Stage
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Keyboard Instruments 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. Keyboard Instruments 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 Keyboard Instruments 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. Keyboard Instruments 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 Keyboard Instruments Demand Share Forecast, 2019-2026
9. North America Keyboard Instruments 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 Keyboard Instruments 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 Keyboard Instruments Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Stage
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Keyboard Instruments Market Size and Volume Forecast by Type
9.7.1. Electronic Instrument
9.7.2. String Instruments
9.7.3. Other
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 Keyboard Instruments Demand Share Forecast, 2019-2026
10. Latin America Keyboard Instruments 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 Keyboard Instruments 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 Keyboard Instruments Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Stage
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Keyboard Instruments Market Size and Volume Forecast by Type
10.7.1. Electronic Instrument
10.7.2. String Instruments
10.7.3. Other
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 Keyboard Instruments Demand Share Forecast, 2019-2026
11. Europe Keyboard Instruments 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 Keyboard Instruments 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 Keyboard Instruments Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Stage
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Keyboard Instruments Market Size and Volume Forecast by Type
11.7.1. Electronic Instrument
11.7.2. String Instruments
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Groth 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 Keyboard Instruments Demand Share, 2019-2026
12. Asia Pacific Keyboard Instruments 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 Keyboard Instruments 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 Keyboard Instruments Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Stage
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Keyboard Instruments Market Size and Volume Forecast by Type
12.7.1. Electronic Instrument
12.7.2. String Instruments
12.7.3. Other
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 Keyboard Instruments Demand Share, 2019-2026
13. Middle East & Africa Keyboard Instruments 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 Keyboard Instruments 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 Keyboard Instruments Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Stage
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Keyboard Instruments Market Size and Volume Forecast by Type
13.7.1. Electronic Instrument
13.7.2. String Instruments
13.7.3. Other
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 Keyboard Instruments Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Keyboard Instruments Market: Market Share Analysis
14.2. Keyboard Instruments Distributors and Customers
14.3. Keyboard Instruments Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Casio
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RockJam
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hamzer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yamaha
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Best Choice Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AirTurn
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ChromaCast
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Generic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LIPPO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Andoer
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
