Musical Instruments Market Regulations and Competitive Landscape Outlook to 2026

The global musical instruments market, witnessing passive growth since the global financial crisis of 2006-07, is estimated to continue sluggish development during the forecast period 2016-2026. Key markets, including the U.S., Germany, France, Italy, India, and China have experienced superficial growth in the demand for musical instruments, owing to which the global market is expected to thrive at a single digit CAGR throughout the forecast period. While North America and Western Europe will continue to hold leading market share, the Middle East, Latin America, and Africa are anticipated to account for sluggish volume-wise growth compared to major markets.

U.S. will Dominate the Market; Keyboard Stringed Instruments Will Remain the Largest Segment

U.S. will continue to account for a leading share of the global musical instruments market. The prominence of keyboard stringed instruments will continue over the forecast period, creating consistent growth opportunity for keyboard manufacturers. The trend of rising domestic demand and curtailed imported production observed in the recent past, is estimated to continue during the forecast period as well. Owing to the less-resource-hiring pattern in the overall musical instruments manufacturing industry, the competitive landscape seems to be fragmented and will continue to exhibit fragmentation. However, total production revenues are predicted remain steady during the forecast period.

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Musical Instruments Market: Key Drivers

Technological innovation has played an important role in moderate demand for musical instruments on a global level. The most sought-after instruments include digital keyboards, pianos, guitar, wind instruments, and PA equipment, which are available at local retailers, superstores, and chain stores. The availability of strong and reliable online retailers is also expected to play a crucial role in...