Learn about the global musical instruments market through The Business Research Company, which provides information on musical instruments market size, musical instruments market drivers and restraints, musical instruments market players, the COVID-19 impact on the musical instruments market, and more.

The global musical instruments market size is expected to grow from $12.95 billion in 2021 to $13.25 billion in 2022 at a compound annual growth rate (CAGR) of 2.3%. The global musical instrument market size is expected to grow to $14.54 billion in 2026 at a CAGR of 2.4%.

The increase in popularity of live musical performances and concerts is driving the growth of the musical instruments market.

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The musical instrument market consists of sales of music instrument devices by entities (organizations, sole traders, partnerships) that are created for producing a musical sound. Musical instruments create sounds through vibrations and most of the instruments are tuned to make a range of sounds of particular frequencies called as notes.

Global Musical Instruments Market Segments Include:

By Type: Stringed, Brass and Woodwind, Percussion, Keyboard

By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Online Sales Channel

By Application: Commercial Events, Personal Use, Music Production, Other

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the musical instruments market in 2021.

Technological advancements are the key trend gaining popularity in the musical instruments market.

TBRC’s Musical Instruments Market Report Covers:

Major Market Players: Casio Computer Co. Ltd., C.F. Martin & Co. Inc, D’addario & Company Inc., Eastman Music Company, Fender Musical Instruments Corporation, and Kawai Musical Instruments Mfg. Co. Ltd., Steinway & Sons, Yamaha Corporation, Yanagisawa Wind Instruments Co., Ltd., Roland Corporation, Guangzhou Pearl River Piano Group Ltd., HMI Guitars, Cort, Gibson Brands Inc., and Hoshino Gakki Co. Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Musical Instruments Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides musical instruments market overviews, analyzes and forecasts market size, share, musical instruments market players, musical instruments market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s musical instruments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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