Global Musical Instrument Market Size & Outlook, 2023-2030
Global musical instrument market, 2018-2030 (US$M)
Related Markets
Global musical instrument market highlights
- The global musical instrument market generated a revenue of USD 15,227.3 million in 2023 and is expected to reach USD 25,126.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, stringed instruments accounted for a revenue of USD 9,689.8 million in 2023.
- Stringed Instruments is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 15,227.3 million |
| Market revenue in 2030 | USD 25,126.3 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Stringed instruments |
| Fastest growing segment | Stringed Instruments |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stringed Instruments, Percussion Instruments, Wind Instruments, Key Board Instruments |
Other key industry trends
- In terms of revenue, the North America accounted for 27.4% of the global musical instrument market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 5,446.0 million by 2030.
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Musical Instrument Market Scope
Musical Instrument Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global musical instrument market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to musical instrument market will help companies and investors design strategic landscapes.
Stringed instruments was the largest segment with a revenue share of 63.63% in 2023. Horizon Databook has segmented the Global musical instrument market based on stringed instruments, percussion instruments, wind instruments, key board instruments covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Musical Instrument Type Outlook (Revenue, USD Million, 2018-2030)
- Stringed Instruments
- Guitar
- Violin
- Cello
- Others
- Percussion Instruments
- Drum Set
- Tabla
- Cajon
- Others
- Wind Instruments
- Saxophone
- Flute
- Harmonica
- Others
- Key Board Instruments
- Piano
- Accordion
- Key board
- Others
- Others
- Stringed Instruments
- Global Musical Instrument Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
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Our clientele includes a mix of musical instrument market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global musical instrument market , including forecasts for subscribers. This global databook contains high-level insights into Global musical instrument market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global musical instrument market size, by regions, 2018-2030 (US$M)
Top 10 countries: Musical instrument market size, 2023 (US$M)
Global musical instrument market share, by type, 2023 & 2030 (%, US$M)
Musical instrument market: Opportunity assessment by country
Global musical instrument market, by region, 2023 (US$M)
Related regional statistics
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