Global Music Production Equipment Market 2017-2021
- Published: Mar 2017
- Pages: 70
- SKU: IRTNTR11487
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This market research report identifies Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Roland, Steinway & Sons, and Yamaha as the key vendors in the global music production equipment market. This report also presents a detailed analysis of the music production equipment market size and share by type (music synthesizers, DJ Gear, studio headphones, digital keyboards, and public address equipment) and geography (Americas, APAC, and EMEA)
Global music production equipment market overview
Technavio’s market research report predicts that the global music production equipment market size and share will grow at CAGR of nearly 2% during the forecast period. One of the primary drivers for this market’s growth is the availability of free online courses and learning content. Several online tutorial sites offer videos, reference articles, and various other teaching techniques to learn a musical instrument. The method is of great use for people wanting to learn to play a music instrument against busy work schedules and cannot join regular music classes. Moreover, the online tutorials offer classes at very less costs or no cost at all, which comes as a respite for people who can’t afford to pay for the classes. This, in turn, will lead to the growth in the sales of musical instruments and boost the music production equipment market growth globally.
The increasing popularity of online retail is one of the latest music production equipment market trends that will gain traction in the industry over the nexy few years. Vendors in this market provide an extensive range of selection for the consumers through online space thus saving the cost and time for the companies. Popular websites like gibson.com, eBay.com, and amazon.com offer music production equipment online and the easy availability and willingness to buy products online is expected to drive the growth in the market.
Competitive analysis and key vendors
With many vendors in the global music production equipment market, the competition is quite intense with quick technological advancements and changing customer preferences. Investments in designing, development, planning, branding, expanding the current product range are being made. According to the the music production equipment market forecast report, vendors need to stay innovative and need to be updated with the current technological trends to beat the competition which is based on product differentiation, portfolio, and pricing.
Key vendors in the market are:
- Fender Musical Instruments
- Gibson Brands
- Kawai Musical Instruments
- Steinway & Sons
Other prominent vendors include Audio-Technica, C.F. Martin & Company, D'Addario, Harman International, QRS Music Technology, Sennheiser Electronic, and Shure.
Segmentation by type and the music production equipment market analysis
- Music synthesizers
- DJ Gear
- Studio headphones
- Digital keyboards
- Public address equipment
During 2016, the global music production equipment market is dominated by the public address equipment and will continue to lead the market in the next four years, as per the music production equipment industry analysis report. Public address equipment includes electronic sound amplification devices, such as amplifiers, loudspeakers, microphones, and mixing consoles. They are used in along with other musical instruments to increase the volume of the sound produced. With the increasing number of concerts and live events held around the world, this segment is likely to witness positive growth during the forecast period.
Geographical segmentation and the music production equipment industry analysis
As per the Technavio’s market research report, the Americas accounted for the highest market share and is expected to dominate the market during the forecast period. As music is the shared career choice for many, the popularity of the concerts is on a rise in the region resulting in increase of the segment’s growth.
Key questions answered in the report include
- What will the music production equipment market size and the growth rate be in 2021?
- What are the key factors driving the global music production equipment market?
- What are the key music production equipment market trends impacting the industry growth?
- What are the challenges to the music production equipment market growth?
- Who are the key vendors in the global music production equipment market?
- What are the market opportunities and threats faced by the vendors in the global music production equipment market?
- Trending factors influencing the music production equipment market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global music production equipment market?
Technavio also offers customization on reports based on specific client requirement.
- Global Electronic Musical Instrument Market 2017-2021
- Global Music Market 2017-2021
- Global Stock Music Market 2017-2021
The music production equipment industry is driven by constant technological advancements and has a number of manufacturers who offer various equipment including musical instruments, modular hard-disk recorders, signal processors, microphones, and headphones. The upcoming industry research report from Technavio on music production equipment for the forecast period of 2017 to 2021 will help clients identify growth opportunities and enhance their market shares. By analyzing all factors that will play a considerable role in the growth of the consumer electronics sector, market research experts from Technavio provide detailed insights on the market landscape of various services and products. Analysts also identify major factors that will drive and challenge the growth of vendors in both the global and regional markets. Technavio’s reports also provide information on major vendors including Fender Musical Instruments, Gibson Brands, Kawai Musical Instruments, Roland, Steinway & Sons, Casio Computer, Korg, Novation Digital Music Systems, Roland, and Yamaha who have established a significant presence in the global media and entertainment industry.
To meet the specific business requirements of clients, this upcoming market research report on music production equipment takes into account the growth of other similar markets such as music which is expected to grow at a CAGR of about 5% and musical instruments, which is anticipated to post an impressive revenue of more than USD 18 billion, by 2020. It has been observed that the emergence of social media platforms has led to an increase in the number of musical bands, which, in turn, augments the demand for music production equipment. To help clients develop efficient growth strategies, Technavio also offers customized reports that provide detailed information on several parameters including the change in customer preferences and the market performance across various geographical regions.
The upcoming report for music production equipment also identifies the major factors that will drive market growth, the emerging trends, as well as the factors challenging vendor growth in the consumer electronics sector. To offer a realistic picture of the future direction of the media and entertainment industry, the market study also offers insights into the competitive landscape and the various products and services offered by major vendors and their presence across different geographical regions.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by type
- Global music production equipment market by type
- Global music production equipment market by public address equipment
- Global music production equipment market by digital keyboards
- Global music production equipment market by studio headphones
- Global music production equipment market by DJ gear
- Global music production equipment market by music synthesizers
PART 07: Geographical segmentation
- Global music production equipment market by geography
- Music production equipment market in Americas
- Music production equipment market in APAC
- Music production equipment market in EMEA
PART 08: Key leading countries
- Global music production equipment market: Key leading countries
- Music production equipment market in US
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 15: Appendix
- List of abbreviations
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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