Market Overview:
The global musical instrument market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for musical instruments from various applications such as electric guitar, electric bass, and electric keyboards. In addition, the growing popularity of music festivals and concerts is also propelling the growth of the global musical instrument market. The guitar amplifiers segment is expected to hold a dominant position in the global musical instrument market during the forecast period owing to its high demand from professional musicians and amateurs alike.
Product Definition:
A musical instrument is an object or device that is used to produce musical sounds. In principle, any object that produces sound can be considered a musical instrument—it is through purposeful manipulation of the object by a musician that the music is created. Musical instruments are often categorized by their primary function, such as string instruments, woodwind instruments, brass instruments, and percussion instruments.
Guitar Amplifiers:
Amplifiers are musical instruments that increase the power of a signal before it is sent to speakers, headphones or PA systems so that the sound produced by an instrument is audible. Amps can be distortion-free or distortion-oriented depending on their design and application. They can be classified into two main categories: general amplification and guitar amplification.
Keyboard Amplifiers:
Keyboard amplifiers are electronic devices that amplify the signal of a musical instrument or any other sound-based instruments. They can be used to play the notes even in very small volumes. The most common use of keyboard amplifiers is to increase the volume of a piano, organ, and keyboards without affecting the original pitch and quality.
Application Insights:
Electric guitar was the most prominent application segment in the global musical instrument market, accounting for a share of over 47.0% in 2017. The electric guitar has been considered as one of the iconic instruments in modern music and is widely used across various genres and styles of music including rock, pop, country, blues, jazz & swing etc. Keyboards are also one of the prominent applications within keyboards amplifiers category which accounted for a share to keyboardists all over the world who prefer using keyboards as an accompaniment to their vocals or instrumental performances. Other than this category there are other applications such as bass guitars (in bass amplifier) and drums (in drum amplifier).
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., as a musical hub, has been witnessing an increase in demand for guitars and other instruments over the past few years. This growth is attributed to various factors including rising disposable income, changing lifestyles, and increasing popularity of live concerts among millennials. Europe was the second-largest regional segment followed by Asia Pacific on account of high product demand from countries like Germany and U.K.
Growth Factors:
- Increasing disposable income of people, which will lead to an increase in demand for luxury goods such as musical instruments
- Rising popularity of music and its various genres, which is resulting in an increase in the number of people learning to play musical instruments
- Proliferation of music education institutions that are offering courses on how to play different types of musical instruments
- Growing trend among musicians towards using electronic gadgets to create and produce music, which is driving the demand for MIDI controllers and other similar devices
- Emergence of new bands and solo artists who are using innovative ways to promote their music, thereby increasing awareness about different types of musical instruments
Scope Of The Report
Report Attributes
Report Details
Report Title
Musical Instrument Market Research Report
By Type
Guitar Amplifiers, Keyboard Amplifiers, Bass Amplifiers, Others
By Application
Electric Guitar, Electric Bass, Electric Keyboards, Others
By Companies
Yamaha, Roland, Marshall, Ampeg, Blackstar, Behringer, Fender, Korg, Hughes & Kettner, Johnson, Orange, Laney, Fishman, Rivera, MESA/Boogie, Acoustic, Randall
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Musical Instrument Market Report Segments:
The global Musical Instrument market is segmented on the basis of:
Types
Guitar Amplifiers, Keyboard Amplifiers, Bass Amplifiers, Others
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
Electric Guitar, Electric Bass, Electric Keyboards, 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:
- Yamaha
- Roland
- Marshall
- Ampeg
- Blackstar
- Behringer
- Fender
- Korg
- Hughes & Kettner
- Johnson
- Orange
- Laney
- Fishman
- Rivera
- MESA/Boogie
- Acoustic
- Randall
Highlights of The 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:
- Guitar Amplifiers
- Keyboard Amplifiers
- Bass Amplifiers
- Others
- By Application:
- Electric Guitar
- Electric Bass
- Electric Keyboards
- 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 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?
A musical instrument is any device used to make sound, such as a drum, flute, or guitar.
Some of the major companies in the musical instrument market are Yamaha, Roland, Marshall, Ampeg, Blackstar, Behringer, Fender, Korg, Hughes & Kettner, Johnson, Orange, Laney, Fishman, Rivera, MESA/Boogie, Acoustic, Randall.
The musical instrument market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Musical Instrument Market - Supply Chain
4.5. Global Musical Instrument Market Forecast
4.5.1. Musical Instrument Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Musical Instrument Market Size (000 Units) and Y-o-Y Growth
4.5.3. Musical Instrument Market Absolute $ Opportunity
5. Global 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. Musical Instrument Market Size and Volume Forecast by Type
5.3.1. Guitar Amplifiers
5.3.2. Keyboard Amplifiers
5.3.3. Bass Amplifiers
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Musical Instrument Market Size and Volume Forecast by Application
6.3.1. Electric Guitar
6.3.2. Electric Bass
6.3.3. Electric Keyboards
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Musical Instrument Demand Share Forecast, 2019-2026
9. North America 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 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 Musical Instrument Market Size and Volume Forecast by Application
9.4.1. Electric Guitar
9.4.2. Electric Bass
9.4.3. Electric Keyboards
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 Musical Instrument Market Size and Volume Forecast by Type
9.7.1. Guitar Amplifiers
9.7.2. Keyboard Amplifiers
9.7.3. Bass Amplifiers
9.7.4. Others
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 Musical Instrument Demand Share Forecast, 2019-2026
10. Latin America 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 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 Musical Instrument Market Size and Volume Forecast by Application
10.4.1. Electric Guitar
10.4.2. Electric Bass
10.4.3. Electric Keyboards
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 Musical Instrument Market Size and Volume Forecast by Type
10.7.1. Guitar Amplifiers
10.7.2. Keyboard Amplifiers
10.7.3. Bass Amplifiers
10.7.4. Others
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 Musical Instrument Demand Share Forecast, 2019-2026
11. Europe 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 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 Musical Instrument Market Size and Volume Forecast by Application
11.4.1. Electric Guitar
11.4.2. Electric Bass
11.4.3. Electric Keyboards
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 Musical Instrument Market Size and Volume Forecast by Type
11.7.1. Guitar Amplifiers
11.7.2. Keyboard Amplifiers
11.7.3. Bass Amplifiers
11.7.4. Others
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 Musical Instrument Demand Share, 2019-2026
12. Asia Pacific 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 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 Musical Instrument Market Size and Volume Forecast by Application
12.4.1. Electric Guitar
12.4.2. Electric Bass
12.4.3. Electric Keyboards
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 Musical Instrument Market Size and Volume Forecast by Type
12.7.1. Guitar Amplifiers
12.7.2. Keyboard Amplifiers
12.7.3. Bass Amplifiers
12.7.4. Others
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 Musical Instrument Demand Share, 2019-2026
13. Middle East & Africa 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 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 Musical Instrument Market Size and Volume Forecast by Application
13.4.1. Electric Guitar
13.4.2. Electric Bass
13.4.3. Electric Keyboards
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 Musical Instrument Market Size and Volume Forecast by Type
13.7.1. Guitar Amplifiers
13.7.2. Keyboard Amplifiers
13.7.3. Bass Amplifiers
13.7.4. Others
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 Musical Instrument Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Musical Instrument Market: Market Share Analysis
14.2. Musical Instrument Distributors and Customers
14.3. Musical Instrument Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yamaha
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Roland
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Marshall
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ampeg
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Blackstar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Behringer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fender
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Korg
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hughes & Kettner
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Johnson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Orange
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Laney
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fishman
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rivera
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MESA/Boogie
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Acoustic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Randall
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
