Search results
People also ask
What is the global musical instrument market size?
What are the different types of musical instruments market?
What is a musical instrument market report?
What drives the global musical instruments market?
The global musical instrument market size was worth USD 14.20 billion in 2022 and it is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. The market for musical instruments is expected to expand over the forecast period due to increased access to musical education.
May 13, 2024 · The global musical instrument market size was valued at USD 18.63 billion in 2022 and is projected to grow from USD 19.25 billion in 2023 to USD 24.53 billion by 2030, exhibiting a CAGR of 3.52% during the forecast period. Musical instruments are primarily used to create different types of music.
Worldwide. Highlights. The revenue generated in the Musical Instruments market worldwide in 2024 amounts to US$47bn. It is projected to experience an annual growth rate of 7.60% (CAGR...
The global musical instruments market size was valued at $9,826.5 million in 2020, and is projected to reach $11,589.8 million by 2030, registering a CAGR of 2.1%. Musical instruments are devices that make musical sounds. These instruments express and reflect individual and community identities as well as physical geographies.
The global musical instrument market size reached approximately USD 11.47 billion in 2023. The market is further projected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of USD 15.36 billion by 2032. Key Trends in the Market.
- The market reached a value of approximately USD 11.47 billion in 2023.
- The market is projected to grow at a CAGR of 3.3% between 2024 and 2032.
- The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 15.36 billion by 2032.
- The major market drivers include rising popularity of concerts and live music performances and introduction of music classes in schools and colleges.
- The key trends fuelling the growth of the market include rising disposable income and increased recognition provided to musicians across various so...
- The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
- The various types of musical instruments available in the market include stringed instruments, percussion instruments, wind instruments, and keyboa...
- The key players in the market are Gibson Brands, Inc., Shure Incorporated, Yamaha Corporation, Fender Musical Instruments Corporation, Steinway Mus...
Jun 23, 2023 · The market size of the musical instrument and supply stores industry in the United States rose slightly in 2022 over the previous year, after dropping sharply with the onset of the...
