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Electronic Musical Instruments Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jun 2022
  • Pages: 140
  • SKU: IRTNTR40716
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The electronic musical instruments market share is expected to increase by USD 505.09 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.09%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (electric pianos and keyboards, string instruments, drums and percussion instruments, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The market report also offers information on several market vendors, including Alpher Basses, Anderson Guitarworks, C. F. 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., teenage engineering ab, and Yamaha Corp. among others.

What will the Electronic Musical Instruments Market Size be During the Forecast Period?

Electronic Musical Instruments Market Size

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Electronic Musical Instruments Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for music-related leisure activities is notably driving the growth, although factors such as the increasing adoption of virtual musical instruments and music production software may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electronic musical instruments industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver

  • One of the key factors driving growth in the global market is the growing demand for music-related leisure activities.
  • Learning to play electronic musical instruments is one of the leisure activities that is gaining popularity among people of all age groups.
  • The growing disposable income of people is supporting the adoption of different electronic musical instruments, as well as aiding people to enrol in music classes.
  • The number of live music shows and the attendees of such shows is growing rapidly across the world.
  • The market in focus is witnessing a large number of developments with regard to the introduction of innovative music synthesizers by the major vendors.
  • Such factors are expected to augment the growth of the global market during the forecast period.

Key Market Trend

  • The continuous development of new products is a key market trend that is expected to have a positive impact in the coming years.
  • Product developments by some of the vendors will also encourage other vendors to come up with innovative products to remain competitive in the market.
  • In December 2021, Dave Mustaines Flying V-shaped guitar model was launched by Gibson Brands, Inc. with limited editions, followed by the global launch in February 2022.
  • In July 2021, Casio launched two new digital pianos in its PX series of digital pianos. 
  • In September 2019, Roland launched JUPITER-X, a new series of premium synthesizers that feature a diverse selection of sounds and advanced compositions.
  • In January 2019, Gibson Brands Inc. (Gibson) announced the launch of a limited-edition Chris Cornell Tribute ES-335 guitar at the I Am The Highway: A Tribute To Chris Cornell concert.

Key Market Challenge

  • The increasing adoption of virtual musical instruments and music production software will be a major challenge for the market during the forecast period.
  • Music production software can create music of any instrument, tone, or magnitude with just a click of a button.
  • Music composers are gradually adopting music production software instead of physical instruments as it enables better mobility and fewer hassles and can record music anytime and anywhere without a proper environment/studio.
  • Various laptop brands also support some of the popular music production software. Such music production software is gaining popularity across the globe, owing to the increasing number of marketing campaigns by various laptop manufacturers that support such software.
  • The rising penetration of mobile devices such as smartphones and tablets and the availability of high-speed Internet connectivity are driving the demand for and access to virtual musical instruments.
  • The wide availability and affordability of the Internet have increased the number of consumers accessing digital music on their mobile devices. All these factors act as a major challenge to the growth of the global market.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electronic musical instruments market as a part of the global leisure products industry within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Electronic Musical Instruments Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Alpher Basses
  • Anderson Guitarworks
  • C. F. 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.
  • teenage engineering ab
  • Yamaha Corp.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as differentiating themselves based on quality, regulatory compliance, and innovation to compete in the market.

Product Insights and News

  • andersonguitarworks.com - The company offers electrical musical instruments such as The Classic electric guitar.

  • andersonguitarworks.com - Through the unified segment, the company offers guitars with different options.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electronic Musical Instruments Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electronic Musical Instruments Market?

Electronic Musical Instruments Market Market segmentation by region

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44% of the market's growth will originate from North America during the forecast period. The US is the key market for electronic musical instruments in North America. Market growth in this region will be slower than the growth of the market in the South American, MEA, and APAC regions.

The launch of innovative products, the increasing use of online platforms to purchase electronic musical instruments, and the rising demand for customized electronic musical instruments will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rising number of COVID-19 cases resulted in a halt in the music industry in 2020, which negatively impacted the market in North America. Also, the suspension of retail stores and other supply chain disruptions negatively impacted the regional market. However, amid the pandemic, many consumers were looking for online musical instruments for mood regulation. More consumers adopted music as a leisure activity. This positively impacted the regional market growth in 2020. Moreover, the resumption of offline retail outlets and rapid vaccination drives in 2021 further escalated the market demand in the region. Thus, music tours and various music concerts resumed in 2021.

What are the Revenue-generating End-user Segments in the Electronic Musical Instruments Market?

Electronic Musical Instruments Market Segmentation

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The market share growth by the electric pianos and keyboards segment will be significant during the forecast period. The demand for digital synthesizers has increased at a steady rate. Digital synthesizers basically use digital signal processing to recreate an analogue sound or to make musical sounds. Digital recordings of acoustic, electric and electronic instruments can also be played using music synthesizers. With rapid advances in technology, more features are introduced in digital synthesizers than in analogue synthesizers. Some of the major vendors operating in the global market offer advanced music synthesizers, which further enhance the value sales of these instruments. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Electronic Musical Instruments Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.09%

Market growth 2022-2026

$ 505.09 million

Market structure

Fragmented

YoY growth (%)

2.43

Regional analysis

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

Performing market contribution

North America at 44%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alpher Basses, Anderson Guitarworks, C. F. 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., teenage engineering ab, and Yamaha Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Electronic Musical Instruments Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the electronic musical instruments industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Electric pianos and keyboards - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Electric pianos and keyboards - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Electric pianos and keyboards - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Electric pianos and keyboards - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Electric pianos and keyboards - Year-over-year growth 2021-2026 (%)
    • 5.4 String instruments - Market size and forecast 2021-2026
      • Exhibit 32: Chart on String instruments - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on String instruments - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on String instruments - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on String instruments - Year-over-year growth 2021-2026 (%)
    • 5.5 Drums and percussion instruments - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Drums and percussion instruments - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Drums and percussion instruments - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Drums and percussion instruments - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Drums and percussion instruments - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 France - Market size and forecast 2021-2026
      • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Anderson Guitarworks
              • Exhibit 97: Anderson Guitarworks - Overview
              • Exhibit 98: Anderson Guitarworks - Product / Service
              • Exhibit 99: Anderson Guitarworks - Key offerings
            • 10.4 C. F. Martin and Co. Inc.
              • Exhibit 100: C. F. Martin and Co. Inc. - Overview
              • Exhibit 101: C. F. Martin and Co. Inc. - Product / Service
              • Exhibit 102: C. F. Martin and Co. Inc. - Key news
              • Exhibit 103: C. F. Martin and Co. Inc. - Key offerings
            • 10.5 CASIO Computer Co. Ltd.
              • Exhibit 104: CASIO Computer Co. Ltd. - Overview
              • Exhibit 105: CASIO Computer Co. Ltd. - Business segments
              • Exhibit 106: CASIO Computer Co. Ltd. - Key offerings
              • Exhibit 107: CASIO Computer Co. Ltd. - Segment focus
            • 10.6 Fender Musical Instruments Corp.
              • Exhibit 108: Fender Musical Instruments Corp. - Overview
              • Exhibit 109: Fender Musical Instruments Corp. - Product / Service
              • Exhibit 110: Fender Musical Instruments Corp. - Key news
              • Exhibit 111: Fender Musical Instruments Corp. - Key offerings
            • 10.7 Focusrite Plc
              • Exhibit 112: Focusrite Plc - Overview
              • Exhibit 113: Focusrite Plc - Business segments
              • Exhibit 114: Focusrite Plc - Key offerings
              • Exhibit 115: Focusrite Plc - Segment focus
            • 10.8 Gibson Brands Inc.
              • Exhibit 116: Gibson Brands Inc. - Overview
              • Exhibit 117: Gibson Brands Inc. - Product / Service
              • Exhibit 118: Gibson Brands Inc. - Key news
              • Exhibit 119: Gibson Brands Inc. - Key offerings
            • 10.9 inMusic Brands Inc.
              • Exhibit 120: inMusic Brands Inc. - Overview
              • Exhibit 121: inMusic Brands Inc. - Product / Service
              • Exhibit 122: inMusic Brands Inc. - Key offerings
            • 10.10 Kawai Musical Instruments Mfg. Co. Ltd.
              • Exhibit 123: Kawai Musical Instruments Mfg. Co. Ltd. - Overview
              • Exhibit 124: Kawai Musical Instruments Mfg. Co. Ltd. - Product / Service
              • Exhibit 125: Kawai Musical Instruments Mfg. Co. Ltd. - Key offerings
            • 10.11 KORG Inc.
              • Exhibit 126: KORG Inc. - Overview
              • Exhibit 127: KORG Inc. - Product / Service
              • Exhibit 128: KORG Inc. - Key offerings
            • 10.12 Marshall Morrison Instruments Pty. Ltd.
              • Exhibit 129: Marshall Morrison Instruments Pty. Ltd. - Overview
              • Exhibit 130: Marshall Morrison Instruments Pty. Ltd. - Product / Service
              • Exhibit 131: Marshall Morrison Instruments Pty. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Electronic Musical Instruments Market market growth will increase by $505.09 mn during 2022-2026.
              The electronic musical instruments market market is expected to grow at a CAGR of 3.09% during 2022-2026.
              Technavio has segmented the electronic musical instruments market market by end-user (Electric pianos and keyboards, String instruments, Drums and percussion instruments, and Others) ,geography (North America, Europe, APAC, South America, and Middle East and Africa) , and geographic (North America, Europe, APAC, South America, and MEA).
              Alpher Basses, Anderson Guitarworks, C. F. 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., teenage engineering ab, Yamaha Corp. are a few of the key vendors in the electronic musical instruments market market.
              North America will register the highest growth rate of 44% among the other regions. Therefore, the electronic musical instruments market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Japan
              • Germany
              • France
              The key factors driving the electronic musical instruments market market growth are:
              • growing demand for music-related leisure activities
              • continuous development of new products
              The electronic musical instruments market market vendors should focus on grabbing business opportunities from the electric pianos and keyboards segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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