Global Percussion Instrument Market 2016-2020

Published: Jan 2016 Pages: 34 SKU: IRTNTR8295

Market outlook of percussion instrument market

Technavio’s market research analyst predicts that the global percussion instrument market will grow at a CAGR of less than 1% during the forecast period. On account of market saturation, major percussion brands are shifting their focus from the developed markets to the emerging markets. The extent of market saturation is evident from the level of market penetration of percussion instruments, which is above 85% in the US and above 60% in the UK. This is translating into low demand for these instruments in these markets.

Growing popularity of mobile music applications and low replacement cycles are the major challenges in this market. Technological innovations have led to the development of several apps that allow users to play musical instruments virtually on personal electronic devices, such as smartphones and tablets. These apps do not incur any expense to the user and are accessible anywhere (as these are installed on mobile devices). They also provide operational guidance to end users. Resultantly, these apps are gaining high popularity and acceptance worldwide.

Geographical segmentation and analysis of the percussion instrument market

  • Americas
  • APAC
  • EMEA

The Americas accounted for the leading market share of 53% during 2015. The growing number of live events and concerts has boosted the interest of music enthusiasts in the region. However, the Americas is expected to experience flat growth with a CAGR of less than 1% during the forecast period.

Competitive landscape and key vendors

The percussion instruments market lacks any groundbreaking innovations or new technological developments. This is a major growth deterrent. Rapid advances in technology and frequent changes in consumer preferences also present significant risks to vendors. Vendors in this market compete on the basis of performance, quality, cost, and financial stability. The competition is anticipated to intensify further during the forecast period.

The leading vendors in the market are -

  • Gretsch Drums
  • Ludwig Drums
  • Remo
  • Roland
  • Yamaha

Other prominent vendors in the market include Alesis, Ashton Music, Corder Drum Company, Drum Workshop, Hoshino Gakki, Jupiter Band Instruments, Majestic Percussion, Meinl Percussion, Pearl Musical Instrument Company, and Walberg and Auge.

Key questions answered in the report

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global percussion instrument market?
  • What are the key market trends impacting the growth of the percussion instrument market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global percussion instrument market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global percussion instrument market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • End-user segments
  • Base year
  • Vendor segmentation
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Product life cycle
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Segmentation of global percussion instruments market by geography
  • Percussion instruments market in Americas
  • Percussion instruments market in APAC
  • Percussion instruments market in EMEA

PART 07: Key leading countries

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Explore Technavio

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

  • 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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