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

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: