Uttarakhand News Today

Musical Instruments Market Size Worth $9.4 Billion By 2025 – Segmentation, Competitive Insights, Trends, Product Scope, Regional Outlook And Revenue Forecast | Million Insights

 Breaking News
  • No posts were found

Musical Instruments Market Size Worth $9.4 Billion By 2025 – Segmentation, Competitive Insights, Trends, Product Scope, Regional Outlook And Revenue Forecast | Million Insights

January 29
19:47 2021
Musical Instruments Market Size Worth $9.4 Billion By 2025 - Segmentation, Competitive Insights, Trends, Product Scope, Regional Outlook And Revenue Forecast | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global musical instruments industry report provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Musical Instruments Market is segmented by types, manufacturers, applications and regions.

The global Musical Instruments Market is estimated to reach USD 9.4 billion by the end of 2025, growing with a CAGR of 3.2%, over the forecast period, according to a new report by Million Insights. The high product visibility of music instruments owing to advent technology is expected to propel the market growth. The rising awareness among consumers especially in younger generation for the music is also projected to proliferate the demand for the product.

The stringed & percussion held the highest share in the overall market owing to the high demand for instruments such as pianos, violins, and guitars. The millennial generation is more attracted to guitars which in turn is expected to propel the segmental growth. The digital instruments are anticipated to grow at the fastest CAGR of 4.1% during the forecast period. Digital instruments are capable of producing different sounds using embedded circuits.

To download the sample PDF of “Musical Instruments Market Report” please click here: https://www.millioninsights.com/industry-reports/global-musical-instruments-market/request-sample

North America musical instruments market

The Asia Pacific accounted for the largest market share in the overall market, due to the high demand from countries such as China and Japan. In addition, the rising trend of western music, especially in developing countries, is expected to grow significantly over the next few years. This factor is encouraging manufacturers to set up new production facilities in these regions and expand their business.

North America is projected to grow at the fastest CAGR rate in the market. In the U.S. the growing demand for the high quality and advent featured digital & electronic instruments is expected to foster musical instrument market growth. The majority of people in the region encourage their children to learn music which in turn is driving the growth of the market.

Major players in the market include Roland Corporation, Steinway & Sons, Yamaha Corporation, Fender Musical Instruments Corporation, Casio Computer Co., Ltd., C.F. Martin & Co., Ltd.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-musical-instruments-market

Global musical instruments market

Further key findings from the report suggest:

• Based on instrument type, wind instrument is expected to grow at the CAGR of 3.1% from 2019 to 2025, owing to the growing consumer preference towards traditional music.

• Europe is projected to grow at a CAGR of 3.5% due to the high demand for the product in the countries like France, and Germany along with western music trends.

• According to the new trade rules for musical instruments, rosewood contained instruments requires separate documentation.

Million Insights has segmented the global musical instruments market based on instrument type, and region:

Musical Instruments Instrument Type Outlook (Revenue, USD Million, 2015 – 2025)
    • Stringed & Percussion
    • Digital Musical
    • Wind

Musical Instruments Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • France
    • Asia Pacific
        • China
        • Japan
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa

Explore the Latest Market Research Reports by Million Insights:

• Sports Drink Market: The global sports drink market size was estimated at USD 22.37 Billion, in 2018 and is expected to grow at a CAGR of 4.3% over the forecasted period, 2019 to 2025. Sports drink helps athletes to replace energy, water before or after competition.

• Pet Furniture Market: The global pet furniture market size was USD 2.1 billion, in 2018. The market is expected to grow with a CAGR of 5.2% during the forecast period. The rise in spending on pet care coupled with the availability of various aesthetically appealing furniture is expected to drive the market in the near future.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-musical-instruments-market

Related Articles