What are the trends in the Electronic Musical Instruments market? Technavio will answer all your questions

NEW YORK, August 23, 2022 /PRNewswire/ — One of the trends in the electronic musical instrument market is the continuous development of new products. Suppliers have come up with innovative products to stay competitive in the market. For example, in December 2021, Gibson Brands, Inc. released the Dave Mustaines Flying V-Shaped Guitar Model. Also in July 2021, Casio has launched two new digital pianos in its PX series of digital pianos. Likewise, in September 2019, Roland has launched JUPITER-X, a new series of high-end synthesizers. Moreover, in January 2019Gibson Brands Inc. (Gibson) has announced the release of a limited edition Chris Cornell Tribute ES-335 guitar.

The latest market research report titled Electronic Musical Instruments Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been announced by Technavio, which is proud to s associated with Fortune 500 companies for over 16 years.

The electronic musical instruments market the size should increase by $505.09 million from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 3.09% during the forecast period.

Get a comprehensive summary of the report outlining the market size and forecast along with the research methodology. The Sample FREE Report is available in PDF format

Electronic Musical Instruments Market: Vendor Landscape

Technavio categorizes the global electronic musical instrument market as part of the global leisure products industry in the global household durable goods market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, electronic musical instruments, camping equipment, recreational vehicles, bicycles, toys and other consumer games .

Electronic Musical Instruments Market: Market Segmentation

The Electronic Musical Instruments Market report offers comprehensive analysis by end-user (electric pianos and keyboards, stringed instruments, drums and percussion instruments, etc.) and geography (North America, EuropeACPA, South Americaand the Middle East and Africa).

Per end user, the electric pianos and keyboards The segment will contribute the highest growth in market share over the forecast period. By geography, North America is expected to occupy 44% market share in 2020.

Electronic Musical Instruments Market: Key Growth Drivers

The growing demand for music-related leisure activities is driving the growth of the market. Learning to play electronic musical instruments is gaining popularity among people of all age groups. With increasing disposable income, people are enrolling in music lessons. Moreover, the number of live music shows is rapidly increasing across the world. Additionally, leading vendors are introducing innovative music synthesizers. These factors are expected to fuel the growth of the global electronic musical instruments market over the forecast period.

Make the most of future growth opportunities by being updated with the latest drivers and trends. Download a free sample PDF report now!

Electronic Musical Instruments Market: Key Vendor Offerings

  • Anderson Guitar Works- The company offers electric musical instruments such as The Classic electric guitar.

  • CF Martin and Company Inc. – The company offers electric musical instruments such as electric guitars.

  • CASIO Computer Co.Ltd. – The company offers electric musical instruments such as Casiotone keyboards.

  • Fender Musical Instruments Corp. – The company offers electric musical instruments such as Mustang electric guitars.

  • Focusrite Plc – The company offers electric musical instruments such as Prophet synthesizers.

Reasons to Buy Electronic Musical Instruments Market Report

  • Market CAGR over the forecast period 2021-2025

  • In-depth information on factors that will contribute to the growth of the Electronic Musical Instruments market over the next five years

  • Estimation of the electronic musical instruments market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the electronic musical instruments market through North America, EuropeACPA, South Americaand the Middle East and Africa

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Electronic Musical Instruments Market vendors

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Scope of the electronic musical instruments market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 3.09%

Market Growth 2022-2026

$505.09 million

Market structure

Fragmented

Annual growth (%)

2.43

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa

Successful market contribution

North America at 44%

Main consumer countries

United States, China, Japan, Germany and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alpher Basses, Anderson Guitarworks, CF Martin and Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Focusrite Plc, Gibson Brands Inc., inMusic Brands Inc., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Marshall Morrison Instruments Pty. Ltd., Music Tribe Global Brands Ltd., Native Instruments GmbH, NS Design, QRS Music Technologies Inc., Rickenbacker International Corp., Roland Corp., Steinway Inc., Teening Engineering AB, and Yamaha Corp.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Browse Consumer Discretionary Market reports

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by End User

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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