Global Percussion Instruments Market Size & Outlook
Global percussion instruments market, 2018-2030 (US$M)
Related Markets
Global percussion instruments market highlights
- The global percussion instruments market generated a revenue of USD 1,005.3 million in 2022 and is expected to reach USD 1,711.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.9% by 2030.
- In terms of segment, offline accounted for a revenue of USD 897.5 million in 2022.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,005.3 million |
| Market revenue in 2030 | USD 1,711.5 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
Other key industry trends
- In terms of revenue, the North America accounted for 19.0% of the global percussion instruments market in 2022.
- By country, the India is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 19.3 million by 2030.
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Percussion Instruments Market Scope
Percussion Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global percussion instruments 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 percussion instruments market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 89.28% in 2022. Horizon Databook has segmented the Global percussion instruments market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Percussion Instruments Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- Global Percussion Instruments Product Outlook (Revenue, USD Million, 2018-2030)
- Saxophone
- Flute
- Harmonica
- Piano
- Accordion
- Keyboard
- Drum Set
- Tabla
- Cajon
- Guitar
- Violin
- Cello
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global percussion instruments market , including forecasts for subscribers. This global databook contains high-level insights into Global percussion instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global percussion instruments market size, by region, 2018-2030 (US$M)
Top 10 countries: Percussion instruments market size, 2022 (US$M)
Global percussion instruments market share, by distribution channel, 2022 & 2030 (%, US$M)
Percussion instruments market: Opportunity assessment by country
Global percussion instruments market, by region, 2022 (US$M)
| Distribution Chann... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 88.6 | 94.9 | 86.3 | 92.4 | 99.0 | 106.3 | 113.9 | 122.2 | 131.1 | 140.6 | 150.8 | 161.7 | 173.4 | 8.2% |
| Europe | 191.0 | 202.3 | 182.1 | 193.1 | 205.2 | 218.2 | 232.1 | 247.0 | 263.0 | 280.1 | 298.5 | 318.3 | 339.4 | 7.2% |
| North America | 177.5 | 188.1 | 169.3 | 179.6 | 190.9 | 203.0 | 216.0 | 230.0 | 245.0 | 261.0 | 278.3 | 296.9 | 316.9 | 7.0% |
| MEA | 78.5 | 82.5 | 73.6 | 77.4 | 81.6 | 86.1 | 90.8 | 95.8 | 101.1 | 106.8 | 112.8 | 119.2 | 126.1 | 6.5% |
| Asia Pacific | 386.5 | 412.6 | 374.3 | 400.2 | 428.6 | 459.4 | 492.6 | 528.3 | 567.0 | 608.8 | 654.0 | 702.8 | 755.7 | 8.1% |
| Overall | 922.1 | 980.3 | 885.6 | 942.7 | 1,005.3 | 1,073.0 | 1,145.4 | 1,223.3 | 1,307.2 | 1,397.3 | 1,494.4 | 1,598.9 | 1,711.5 | 6.9% |
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