Global Percussion Instrument Market by Type (Traditional & Electronic), By Application (Professional, Amateur, and Educational), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
- Published date: Nov 2021
- Report ID: 18982
- Number of Pages: 284
- Format:
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Percussion Instrument Market Overview:
The global Percussion Instrument market was worth USD 1,615 million in 2021. It is projected to grow at a compound annual growth rate (CAGR) of 1.3% between 2023 and 2032.
A rising interest in Percussion Instrument is driven by the rising number of professional musicians and the rising demand from professionals. Percussion instruments are vital because they keep the beat of the song alive and produce one sound that is consistent with all the other Instruments.
Encouragement by parents and schools to adopt musical Instruments early in life positively impacts the Instrument The Covid-19 pandemic had a negative impact on the demand for Percussion Instrument. Factors like canceled music festivals and closure of schools as well as disruptions in the supply chain have all contributed to a decrease in demand for Percussion Instrument. It is expected that Percussion Instrument will see an increase in demand as the world recovers from the
Global Percussion Instrument Market:
Type Analysis
In 2021, the traditional percussion instrument segment was responsible for the highest revenue share. This segment is expected to grow at 1% between 2023 and 2032. Many consumers prefer traditional Instruments due to their natural sound. Due to the increased availability of live events and numerous musical channels on social networks, many professionals and individuals are choosing traditional Instruments more than ever. From 2023 to 2032, the segment of electronic Percussion Instrument is expected to experience the fastest CAGR at over 1.7%.
This segment is expected to grow due to the increased product innovation in electronic Percussion Instrument by manufacturing companies and the increasing demand from professionals. This electronic Instrument can be played with sticks, mallets, or brushes. Electronic drums are a popular electronic percussion instrument and are in increasing demand on the international market.
Application Analysis
The market was dominated by the professional segment. This segment is expected to expand significantly during the forecast period. A significant market share is being captured by Percussion Instrument, which is increasingly important in music and the rising music industry.
From 2023 to 2032, the educational segment will experience the fastest CAGR at 1.8%. This segment is driven by the growth in music institutions and children’s increasing use of musical instruments. The market is driven by the support of manufacturing companies to music schools, the growing interest in new institutions, and online support.
Key Market Segments:
Type Outlook
- Traditional
- Electronic
Application
- Professional
- Amateur
- Educational
Market Dynamics:
The market growth for Percussion Instrument is also being driven by the top brands and performers at these events. The industry’s sales have also been boosted by the increasing demand for Percussion Instrument in marching bands. The global percussion market is growing due to the increased consumption of drums and other Instruments during military events such as marching bands. Market growth will be further accelerated by new product developments and technological advances from manufacturing companies.
Because it is the oldest instrument played, Percussion Instrument is considered the backbone of the music industry. Because of its widespread acceptance, Percussion Instrument plays an important role in all types of music such as jazz, pop, rock, and orchestral music. The most well-known Percussion Instruments are the triangle, tambourine, and tambourine. A growing number of music lovers and music educators is driving the demand for Percussion Instrument. The demand for Percussion Instrument is increasing due to the increase in musical events and live concerts. According to a National Laboratory Medicine (NLM) survey, Percussion Instrument can reduce anxiety among the elderly.
Regional Analysis:
North America was the dominant market for Percussion Instrument and held the largest revenue share at 35.1% in 2021. Growing demand for Percussion Instrument is expected due to the presence of high-performing brands, strong purchasing power, a large music industry, a large number of music lovers, and an increasing number of live music concerts.
The market in the Asia Pacific is expected to grow at 1.9% between 2023 and 2032. The region is expected to see a rise in the adoption of musical Instruments from an early age, as well as the growing music industry and live concert sales.
Key Regions and Countries covered in the Rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Market Share & Key Players Analysis:
The industry of Percussion Instrument is fragmented. The market is thriving because of the involvement of many regional and global players. Manufacturing companies have adopted a variety of marketing strategies to capture enough market share. These include new product development, expanding distribution channels, and offering customization options.
To strengthen their market position and increase market share, key strategies are being used by players such as new product launches, innovation and agreements, geographic expansion, mergers and acquisitions, and other strategic moves. Conn-Selmer Inc. and MBI Indoor Percussion announced a partnership in March 2019. This partnership will help to innovate in the music industry. Some of the most prominent players in the market for Percussion Instrument include
Market Key Players:
- Conn-Selmer, Inc.
- Yamaha Group
- K.H.S. Musical Instrument Co., Ltd.
- Gretsch Drums
- Ludwig Drums
- InMusic Brands, Inc. (Alesis)
- Remo Inc.
- Other Key Players
For the Percussion Instrument Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the Percussion Instrument market size in 2021?The Percussion Instrument market size is $1,615 million for 2021.
Q: What is the CAGR for the Percussion Instrument market?The Percussion Instrument market is regulated to grow at a CAGR of 1.3% during 2023-2032.
Q: What are the segments covered in the Percussion Instrument market report?Market.US has segmented the Global Percussion Instrument Market Value (US$ Mn) Analysis by Region, 2022 market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Type, market has been segmented into Traditional & electronics. By Application, market has been further divided into Professional, Amateur, educational.
Q: Who are the key players in the Percussion Instrument market?Conn-Selmer, Inc., Yamaha Group, K.H.S. Musical Instrument Co., Ltd., Gretsch Drums, Ludwig Drums, InMusic Brands, Inc. (Alesis), Remo Inc., and Other Key Players. Players are the key vendors in the Percussion Instrument market.
Q: Which region is more attractive for vendors in the Percussion Instrument market?The North America accounted for the largest market share, with 35.1% Therefore, the Percussion Instrument market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
Q: What are the key markets for Percussion Instrument?Key markets for Percussion Instrument are China, Uk, the US.
Q: Which segment has the largest share in the Percussion Instrument market?In the Percussion Instrument market, vendors should focus on grabbing business opportunities from the Electronic segment as it accounted for the largest market share in the base year.
Percussion Instrument MarketPublished date: Nov 2021add_shopping_cartBuy Now get_appDownload Sample - Conn-Selmer, Inc.
- Yamaha Group
- K.H.S. Musical Instrument Co., Ltd.
- Gretsch Drums
- Ludwig Drums
- InMusic Brands, Inc. (Alesis)
- Remo Inc.
- Other Key Players
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