Europe Musical Instrument Market Size & Outlook, 2023-2030
Europe musical instrument market, 2018-2030 (US$M)
Related Markets
Europe musical instrument market highlights
- The Europe musical instrument market generated a revenue of USD 3,582.8 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, stringed instruments was the largest revenue generating type in 2023.
- Key Board Instruments is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,582.8 million |
| Market revenue in 2030 | USD 5,931.4 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Stringed instruments |
| Fastest growing segment | Key Board 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 |
| Key market players worldwide | Casio Computer Co Ltd, Roland Corp Ordinary Shares, Yamaha Corp, Kawai Musical Instruments Manufacturing, C.F. Martin & Co, Eastman Music, Bitdefender, Fender, Steinway & Sons |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.5% of the global musical instrument market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,862.2 million by 2030.
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Musical Instrument Market Scope
Musical Instrument Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 63.65% in 2023. Horizon Databook has segmented the Europe 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.
- Europe 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
- Europe 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Europe musical instrument market , including forecasts for subscribers. This continent databook contains high-level insights into Europe musical instrument market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe musical instrument market size, by country, 2018-2030 (US$M)
Europe Musical Instrument Market Outlook Share, 2023 & 2030 (US$M)
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