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Global Electronic Musical Instrument Market to reach USD 17.94 billion by 2027

Global Electronic Musical Instrument Market Size study, by Type (Amplifiers, Effect Pedals, String Instruments, Digital Keyboards and Others), End-User (Professional and amateur) and Regional Forecasts 2020-2027

Product Code: OIRCGAS_77831393
Publish Date: 15-11-2020
Page: 200

Global Electronic Musical Instrument Market is valued approximately USD 7.73 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.1% over the forecast period 2020-2027. Electronic Musical Instrument is a type a musical instrument, which produces sound using electronic circuitry. An increase in the penetration of digital musical instruments anticipates the market to increase. Also, musicians can make music by using the full studio setting owing to a range of sounds produced by the electronic circuits. . Further, variety of sounds is produced by electronic instruments, thus musicians can learn new techniques and make varieties of music. For Instance: as per the company source, in 2019 Yamaha Corporation opened their factory for musical instruments in Kanchipuram under the Make in India initiative. However, long replacement cycle of musical instruments impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing innovation by the manufacturers and the creativity of the musicians in the times of social media will create the opportunity and increases the adoption & demand for Electronic Musical Instruments.

The regional analysis of global Electronic Musical Instrument Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the owing to the presence of many global players, already established traditional music and influence by the western music encourage people to make their own music with new techniques through electronic instruments getting influenced by both types of music. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as affordable labor and raw materials, attracts more manufacturers to use expansion strategies and create brand & product awareness, would create lucrative growth prospects for the Electronic Musical Instrument Market across Asia-Pacific region.

Major market player included in this report are:
Sennheiser Electronic
C.F. Martin and Company
Gibson Brands
Kawai Musical Instruments
Fender Musical Instruments
Steinway and Sons
Allen and Heath

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Effect Pedals
String Instruments, Digital Keyboards
By End-User:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Electronic Musical Instrument Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Electronic Musical Instrument Market, by Region, 2018-2027 (USD Billion)
1.2.2. Electronic Musical Instrument Market, by Type, 2018-2027 (USD Billion)
1.2.3. Electronic Musical Instrument Market, by End-User, 2018-2027 (USD Billion)

1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electronic Musical Instrument Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electronic Musical Instrument Market Dynamics
3.1. Electronic Musical Instrument Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Electronic Musical Instrument Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Electronic Musical Instrument Market, by Type
5.1. Market Snapshot
5.2. Global Electronic Musical Instrument Market by Type, Performance – Potential Analysis
5.3. Global Electronic Musical Instrument Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Electronic Musical Instrument Market, Sub Segment Analysis
5.4.1. Amplifiers
5.4.2. Effect Pedals
5.4.3. String Instruments
5.4.4. Digital Keyboards
5.4.5. Others
Chapter 6. Global Electronic Musical Instrument Market, by End-User
6.1. Market Snapshot
6.2. Global Electronic Musical Instrument Market by End-User, Performance – Potential Analysis
6.3. Global Electronic Musical Instrument Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
6.4. Electronic Musical Instrument Market, Sub Segment Analysis
6.4.1. ProfessionalAmateur
Chapter 7. Global Electronic Musical Instrument Market, Regional Analysis
7.1. Electronic Musical Instrument Market, Regional Market Snapshot
7.2. North America Electronic Musical Instrument Market
7.2.1. U.S. Electronic Musical Instrument Market Type breakdown estimates & forecasts, 2017-2027 End-User breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Electronic Musical Instrument Market
7.3. Europe Electronic Musical Instrument Market Snapshot
7.3.1. U.K. Electronic Musical Instrument Market
7.3.2. Germany Electronic Musical Instrument Market
7.3.3. France Electronic Musical Instrument Market
7.3.4. Spain Electronic Musical Instrument Market
7.3.5. Italy Electronic Musical Instrument Market
7.3.6. Rest of Europe Electronic Musical Instrument Market
7.4. Asia-Pacific Electronic Musical Instrument Market Snapshot
7.4.1. China Electronic Musical Instrument Market
7.4.2. India Electronic Musical Instrument Market
7.4.3. Japan Electronic Musical Instrument Market
7.4.4. Australia Electronic Musical Instrument Market
7.4.5. South Korea Electronic Musical Instrument Market
7.4.6. Rest of Asia Pacific Electronic Musical Instrument Market
7.5. Latin America Electronic Musical Instrument Market Snapshot
7.5.1. Brazil Electronic Musical Instrument Market
7.5.2. Mexico Electronic Musical Instrument Market
7.6. Rest of The World Electronic Musical Instrument Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Sennheiser Electronic Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Shure
8.2.3. C.F. Martin and Company
8.2.4. Gibson Brands
8.2.5. Kawai Musical Instruments
8.2.6. Fender Musical Instruments
8.2.7. Steinway and Sons
8.2.8. Roland
8.2.9. Yamaha
8.2.10. Allen and Heath
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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