The global western music instruments market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for western music instruments in emerging economies such as China and India, which are witnessing an increase in disposable income and a growing middle class population. The demand for western music instruments is also increasing due to the rising popularity of Western culture among people across the globe.
The piano segment accounted for over one-third share of the global market in 2017, followed by harpsichord and woodwind segments with shares of 17% and 16%, respectively. The percussion instrument segment accounted for 12% share in 2017, while copper pipe had a share of 8%. Professional musicians accounted for over two-thirds share (69%) in 2017, while amateur musicians accounted for 31%. North America was estimated to account for over one-third (36%) share of the global market in 2017; followed by Europe with 29%; Latin America with 18%; Asia Pacific with 15%; Middle East & Africa with 9%.
- Western music instruments are a popular choice for many musicians because they are versatile and can be used in a variety of genres.
- Western music instruments are often more expensive than other types of instruments, which may deter some people from purchasing them.
- The popularity of western music has increased over the years, which has led to an increase in demand for western music instruments.
- The popularity of western music is also due to the fact that it is easier to learn how to play these types of instruments than other types such as drums or guitars, which require more skill and time investment on behalf of the musician before they can be played proficiently.
- Western music is also popular because it is easier for people who do not know how to read sheet music or play an instrument well enough yet to still enjoy playing along with their favorite songs by using a digital keyboard or guitar that has been pre-programmed with chords and notes.
Industry Growth Insights published a new data on “Western Music Instruments Market”. The research report is titled “Western Music Instruments Market research by Types (Piano, Harpsichord, Woodwind, Copper Pipe, Bowstring, Percussion Instrument), By Applications (Professional Musician, Amateur), By Players/Companies Yamaha, KAWAI, Samick, Youngchang, Steinborgh, Steinway, Bechstein, Boesendorfer, Mason & Hamlin, AUGUST FOERSTER, Fazioli, Gretsch Drums, Ludwig Drums, Remo, Roland, Alesis, Ashton Music, Hoshino Gakki, Jupiter Band Instruments, Majestic Percussion”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Western Music Instruments Market Research Report
By Type
Piano, Harpsichord, Woodwind, Copper Pipe, Bowstring, Percussion Instrument
By Application
Professional Musician, Amateur
By Companies
Yamaha, KAWAI, Samick, Youngchang, Steinborgh, Steinway, Bechstein, Boesendorfer, Mason & Hamlin, AUGUST FOERSTER, Fazioli, Gretsch Drums, Ludwig Drums, Remo, Roland, Alesis, Ashton Music, Hoshino Gakki, Jupiter Band Instruments, Majestic Percussion
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Western Music Instruments Market Report Segments:
The global Western Music Instruments market is segmented on the basis of:
Types
Piano, Harpsichord, Woodwind, Copper Pipe, Bowstring, Percussion Instrument
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
Professional Musician, Amateur
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
- KAWAI
- Samick
- Youngchang
- Steinborgh
- Steinway
- Bechstein
- Boesendorfer
- Mason & Hamlin
- AUGUST FOERSTER
- Fazioli
- Gretsch Drums
- Ludwig Drums
- Remo
- Roland
- Alesis
- Ashton Music
- Hoshino Gakki
- Jupiter Band Instruments
- Majestic Percussion
Highlights of The Western Music 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:
- Piano
- Harpsichord
- Woodwind
- Copper Pipe
- Bowstring
- Percussion Instrument
- By Application:
- Professional Musician
- Amateur
- 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 Western Music 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?
Western music instruments are typically brass, woodwinds, and strings.
Some of the major players in the western music instruments market are Yamaha, KAWAI, Samick, Youngchang, Steinborgh, Steinway, Bechstein, Boesendorfer, Mason & Hamlin, AUGUST FOERSTER, Fazioli, Gretsch Drums, Ludwig Drums, Remo, Roland, Alesis, Ashton Music, Hoshino Gakki, Jupiter Band Instruments, Majestic Percussion.
The western music instruments market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Western Music 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. Western Music Instruments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Western Music Instruments Market - Supply Chain
4.5. Global Western Music Instruments Market Forecast
4.5.1. Western Music Instruments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Western Music Instruments Market Size (000 Units) and Y-o-Y Growth
4.5.3. Western Music Instruments Market Absolute $ Opportunity
5. Global Western Music 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. Western Music Instruments Market Size and Volume Forecast by Type
5.3.1. Piano
5.3.2. Harpsichord
5.3.3. Woodwind
5.3.4. Copper Pipe
5.3.5. Bowstring
5.3.6. Percussion Instrument
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Western Music 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. Western Music Instruments Market Size and Volume Forecast by Application
6.3.1. Professional Musician
6.3.2. Amateur
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Western Music 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. Western Music 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 Western Music 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. Western Music 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 Western Music Instruments Demand Share Forecast, 2019-2026
9. North America Western Music 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 Western Music 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 Western Music Instruments Market Size and Volume Forecast by Application
9.4.1. Professional Musician
9.4.2. Amateur
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Western Music Instruments Market Size and Volume Forecast by Type
9.7.1. Piano
9.7.2. Harpsichord
9.7.3. Woodwind
9.7.4. Copper Pipe
9.7.5. Bowstring
9.7.6. Percussion Instrument
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 Western Music Instruments Demand Share Forecast, 2019-2026
10. Latin America Western Music 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 Western Music 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 Western Music Instruments Market Size and Volume Forecast by Application
10.4.1. Professional Musician
10.4.2. Amateur
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Western Music Instruments Market Size and Volume Forecast by Type
10.7.1. Piano
10.7.2. Harpsichord
10.7.3. Woodwind
10.7.4. Copper Pipe
10.7.5. Bowstring
10.7.6. Percussion Instrument
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 Western Music Instruments Demand Share Forecast, 2019-2026
11. Europe Western Music 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 Western Music 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 Western Music Instruments Market Size and Volume Forecast by Application
11.4.1. Professional Musician
11.4.2. Amateur
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Western Music Instruments Market Size and Volume Forecast by Type
11.7.1. Piano
11.7.2. Harpsichord
11.7.3. Woodwind
11.7.4. Copper Pipe
11.7.5. Bowstring
11.7.6. Percussin Instrument
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 Western Music Instruments Demand Share, 2019-2026
12. Asia Pacific Western Music 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 Western Music 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 Western Music Instruments Market Size and Volume Forecast by Application
12.4.1. Professional Musician
12.4.2. Amateur
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Western Music Instruments Market Size and Volume Forecast by Type
12.7.1. Piano
12.7.2. Harpsichord
12.7.3. Woodwind
12.7.4. Copper Pipe
12.7.5. Bowstring
12.7.6. Percussion Instrument
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 Western Music Instruments Demand Share, 2019-2026
13. Middle East & Africa Western Music 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 Western Music 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 Western Music Instruments Market Size and Volume Forecast by Application
13.4.1. Professional Musician
13.4.2. Amateur
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Western Music Instruments Market Size and Volume Forecast by Type
13.7.1. Piano
13.7.2. Harpsichord
13.7.3. Woodwind
13.7.4. Copper Pipe
13.7.5. Bowstring
13.7.6. Percussion Instrument
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 Western Music Instruments Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Western Music Instruments Market: Market Share Analysis
14.2. Western Music Instruments Distributors and Customers
14.3. Western Music Instruments 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. KAWAI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samick
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Youngchang
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Steinborgh
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Steinway
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bechstein
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Boesendorfer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mason & Hamlin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AUGUST FOERSTER
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fazioli
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gretsch Drums
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ludwig Drums
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Remo
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Roland
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Alesis
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ashton Music
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hoshino Gakki
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Jupiter Band Instruments
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Majestic Percussion
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
