Global Kids Musical Instruments Market By Instrument (Fully Functional, Toy instrument), By Product (Drums, Pianos, Xylophones, Keyboards, Guitars, Handbells), By End Use (Toddlers, Kids), By Distribution Channel (E-Commerce Platforms, Musical Instrument Stores, Hypermarkets), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

A device that can be used to produce music is called a musical instrument. Kids often recognize melodies of songs before they understand its lyrics, and hence musical instruments play a vital role in the development of a child’s mental and motor abilities.

When a child learns a musical instrument, it aids in developing their social, language, intellectual and emotional skills. The global kid’s musical instruments market is expanding at a rapid pace as it helps them to adapt to various situations quickly.

Along with this fact, it even makes kids more energetic and happy. An increase in the number of children across the globe is also expected to boost sales for the musical instruments industry. A musical instrument may be as large and complicated as a pipe organ, or as small and simple as a tiny bell or whistle. Musical instruments have the ability to stir human emotions and have been used in a variety of ways over the years.

Market Segmentation:

Market segmentation of this industry is carried out on the basis of instrument type, product, end-use, distribution channel, and regions.

By Instrument Type:

• Fully Functional
• Toy instrument

By Product:

• Drums
• Pianos
• Xylophones
• Keyboards
• Guitars
• Handbells
• Others

By End Use:

• Toddlers
• Kids

By Distribution Channel:

• E-Commerce Platforms
• Musical Instrument Stores
• Hypermarkets

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

Market Dynamics:

Drivers:

Key drivers of the global kid’s musical instruments market are generally the implementation of new technologies that allow for different features to be included in these instruments. Advancements within technology have led to the assembly of compact components, providing variations in sizes without affecting the sound, and effect of a given instrument.

The ease in availability of instruments such as the piano, keyboard, guitar, as well as wind instruments that are available through both online and offline platforms. Furthermore, the increasing influence and popularity of western music among millennials, and the subsequent popularity of electronic music across developing regions of the world are expected to have a profound influence in sustaining the demand for kid’s musical instruments.

Restraints:

The COVID-19 outbreak had affected a majority of industries, due discrepancies in various related supply-chain operations, resulted in the kids musical instrument industry being adversely affected as well.

Furthermore, various regulations implemented by regional governments restricting the movement of individuals as well as the shutdown of various shopping malls, entertainment areas, and a reduction in the number of live events have reduced the demand for kids musical instruments in the process.

Additionally, these aforementioned factors have also had a negative impact on the implementation of various technological advancements, with extended waiting durations being caused as a result of impeded logistics operations, thereby hindering its further expansion accordingly.

Opportunities:

The kids musical instrument market is set to index steady economic growth over the next decade, at a CAGR of around 3%. The demand for kid’s musical instruments is likely to grow with the rapid expansion and adoption of social media platforms among kids.

The global kids musical instrument market is anticipated to surge at a considerable rate over the forecast period. In 2021, this market grew at a steady rate, on account of various strategies being implemented by key industry players, this market is expected to subsequently expand accordingly over the next 10 years.

Trends:

• The U.S. kid’s musical instrument industry is set to grow exponentially over the forecast period due to an anticipated increase in the demand for these products, particularly by enthusiastic parents for extra curriculum activites.

Competitive Landscape:

Key Players:

• Fender Musical Corporation
• Woodstock Chime
• KAWAI Musical Instrument Mfg. Co. Ltd.
• Fun Central (Novelties LLC)
• Steinway Musical Instruments Inc
• Yamaha Corporation
• Doremi Musical Instrument Co. Ltd.
• Moridaira Musical Instrument Co. Ltd.
• KAWAI Musical Instrument Mfg. Co. Ltd.
• The Lego Group
• Others

Key Developments:

• Fender Musical Instruments Corporation’s (FMIC), Fender Custom Shop (FCS) announced the launch of a limited edition Fender Lexus LC Stratocaster guitar.
• Kawai announces new Novus NV10S & NV5S hybrid pianos.

For the Kids Musical Instruments Market research study, the following years have been considered to estimate the market size: