The Global Musical Instruments Market size is expected to reach USD 23.98 billion by 2028 from USD 18.07 billion in 2017, at a CAGR of 4.2% during the forecast period 2021-2028. It is driven by factors such as increased awareness about music and its potential for cognitive development among children, the growing popularity of electronic instruments like synthesizers, rise in disposable income levels, and increasing demand for DJ equipment which requires more expensive instruments like turntables or CDJ players.
Musical Instruments are made of various materials and have different shapes. The term musical instrument is used to group together woodwind, brass, strung (such as guitars or violins), percussion (drums), and keyboard instruments. Woodwind instruments include the clarinet, saxophone trumpet & flute while brass includes trumpets trombones tuba, etc. Stringed instruments comprise cello violin guitar harp mandolin among others percussions like drums tabla dholak mridanga djembe bongo provide a rhythmic accompaniment for dance forms.
On the basis of Type, the market is segmented into Wind, Brass, and Percussion. The market is dominated by brass instruments with the highest revenue share followed by percussion and wind instruments in terms of application personal use while the commercial segment dominates the global demand for the musical instrument as it accounts for over 85% of total volume sales
Wind musical instruments are created from organic materials such as wood, bamboo, and other plant fibers. They’re mostly made up of a tube with holes in it that produce sound when blown into or by being tapped on the side.
When the wind is blown through these tubes, different notes will be played depending on which hole you blow air through. The pitch can also be changed by using your fingers to cover one end of the instrument so less air gets let out at once. This type of instrument was originally used for communicating over distances but has since been adapted for use in many traditional music genres like jazz, country, and pop-rock.
Brass musical instruments are the type of instrument that produces sound from metal. They work by blowing air or other gas into a mouthpiece, which forces brass reeds to vibrate and produce sound waves. The different types of Brass Musical Instruments include trumpets, French horns, trombones, and tubas.
Percussion Musical Instruments can be defined as instruments that produce sound only from being struck. They can be divided into drums, cymbals, and other percussion instruments such as xylophones or tambourines.
Percussion Musical Instruments are mainly used in orchestras for accompaniment purposes but they also find use in popular music settings with drum sets and single-person marching bands known as drum corps. Percussion musical instruments have been dated back to prehistoric periods when hollow logs were hit together by hand to create a "drums" beat like rhythm while the people danced around them chanting until everyone would fall onto the ground exhausted of dancing, singing, and celebrating their community's religious beliefs.
On the basis of Application, the market is segmented into Personal Use and Commercial. The most common application of musical instruments is in the entertainment industry, either as a soloist or an ensemble player (band). Musical artists usually rely on their music to perform for live audiences. They use these instruments to produce a sound that enhances their songs with parts such as melody, harmony, rhythm, and percussion.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest market for musical instruments with a share of more than 26%. The region has seen a growth in demand due to increased focus on children's music education by governments that promotes these learning programs through partnerships between schools and non-profit organizations such as the Suzuki Association of Latino Arts (SALA). Hence it was amongst one of the first regions to adopt an early childhood music program across curricula from kindergarten onwards.
Asian countries have been investing heavily in cultural heritage preservation projects which include setting up formal institutions dedicated to training musicians using traditional methods coupled with local innovations. Moreover, India ranked third globally after China and U.S., accounting for over 12% of the global wind musical instrument market.
The European market for musical instruments is experiencing a shift in consumers' tastes. Recent studies have shown that rock music and pop are the most popular genres among young people aged between 15 to 24 years old, while classical or traditional regional music appears less attractive for this age group.
Up Market Research published a new report titled “Musical Instruments Wind Brass amp Percussion Market research report which is segmented by Types (Wind, Brass & Percussion), By Applications (Personal Use, Commercial), By Players/Companies Yamaha, Roland, Marshall, Ampeg, Denon DJ, Gibson Brands, Steinway & Sons, Blackstar, Behringer, Fender, Korg, Hughes & Kettner, Kawai Musical Instruments, Orange, Laney, Fishman, Rivera, MESA/Boogie, Acoustic, Randall, Audio-Technica”.
|Report Attributes||Report Details|
|Report Title||Musical Instruments Wind Brass amp Percussion Market Research Report|
|By Type||Wind, Brass & Percussion|
|By Application||Personal Use, Commercial|
|By Companies||Yamaha, Roland, Marshall, Ampeg, Denon DJ, Gibson Brands, Steinway & Sons, Blackstar, Behringer, Fender, Korg, Hughes & Kettner, Kawai Musical Instruments, Orange, Laney, Fishman, Rivera, MESA/Boogie, Acoustic, Randall, Audio-Technica|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||211|
|Number of Tables & Figures||148|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Wind, Brass & Percussion and By Application Personal Use, Commercial.
Some of the companies that are profiled in this report are:
Musical Instruments Wind Brass amp Percussion Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Musical Instruments Wind Brass amp Percussion 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 2028.
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