North America Musical Instruments Market Size, Share & Industry Trends Analysis Report By Type (Stringed, Keyboard, Brass & Woodwind, and Percussion), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030

North America Musical Instruments Market Size, Share & Industry Trends Analysis Report By Type (Stringed, Keyboard, Brass & Woodwind, and Percussion), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030


The North America Musical Instruments Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).

Musical instruments are apparatuses designed to produce melodic noises. Physical geographies and individual and communal identities are both expressed and reflected in these instruments. The function of a musical instrument in society can vary considerably. For example, it may be employed for recreational purposes or incorporated into ceremonial practices; its utilization within an ensemble may symbolize communal unity, or possessing a particular instrument may confer a higher social standing.

Integrating proprietary software into these instruments facilitates enhanced performance and improves sound quality. In addition, these technologically sophisticated instruments offer the benefits of effortless operation, enhanced volume control, and a robust, clear sound. As many colleges and universities recognize the value of extracurricular activities, a notable advancement is including music and dance courses as required subjects. This increases the sales of these instruments by encouraging students to purchase them.

According to Statistics Canada, Canadians' annual household disposable income in 2022 was 1,519,008 USD. Musicians and music enthusiasts with higher disposable income may be more inclined to invest in high-quality instruments. This can drive demand for premium guitars, keyboards, percussion instruments, and other professional-grade musical equipment. As a result, these aspects will boost the market growth in the coming years.

The US market dominated the North America Musical Instruments Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,777.4 Million by 2030. The Canada market is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.9% during (2023 - 2030).

Based on Type, the market is segmented into Stringed, Keyboard, Brass & Woodwind, and Percussion. Based on Distribution Channel, the market is segmented into Specialty Stores, Online Sales Channel, and Supermarkets/Hypermarkets. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eastman Music Company, Fender Musical Instruments Corporation (Servco Pacific Inc.), Casio Computer Co., Ltd., Steinway, Inc. (Paulson & Co. Inc.), Kawai Musical Instruments Manufacturing Co., Ltd., Yamaha Corporation, Guangzhou Pearl River Piano Group Co., Ltd., Yanagisawa Wind Instruments Co., Ltd., C. F. Martin & Co., Inc. and Roland Corporation

Scope of the Study

Market Segments covered in the Report:

By Type
  • Stringed
  • Keyboard
  • Brass & Woodwind
  • Percussion
By Distribution Channel
  • Specialty Stores
  • Online Sales Channel
  • Supermarkets/Hypermarkets
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Eastman Music Company
  • Fender Musical Instruments Corporation (Servco Pacific Inc.)
  • Casio Computer Co., Ltd.
  • Steinway, Inc. (Paulson & Co. Inc.)
  • Kawai Musical Instruments Manufacturing Co., Ltd.
  • Yamaha Corporation
  • Guangzhou Pearl River Piano Group Co., Ltd.
  • Yanagisawa Wind Instruments Co., Ltd.
  • C. F. Martin & Co., Inc.
  • Roland Corporation
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Musical Instruments Market, by Type
1.4.2 North America Musical Instruments Market, by Distribution Channel
1.4.3 North America Musical Instruments Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Musical Instruments Market
Chapter 5. North America Musical Instruments Market, by Type
5.1 North America Stringed Market, by Country
5.2 North America Keyboard Market, by Country
5.3 North America Brass & Woodwind Market, by Country
5.4 North America Percussion Market, by Country
Chapter 6. North America Musical Instruments Market, by Distribution Channel
6.1 North America Specialty Stores Market, by Country
6.2 North America Online Sales Channel Market, by Country
6.3 North America Supermarkets/Hypermarkets Market, by Country
Chapter 7. North America Musical Instruments Market, by Country
7.1 US Musical Instruments Market
7.1.1 US Musical Instruments Market, by Type
7.1.2 US Musical Instruments Market, by Distribution Channel
7.2 Canada Musical Instruments Market
7.2.1 Canada Musical Instruments Market, by Type
7.2.2 Canada Musical Instruments Market, by Distribution Channel
7.3 Mexico Musical Instruments Market
7.3.1 Mexico Musical Instruments Market, by Type
7.3.2 Mexico Musical Instruments Market, by Distribution Channel
7.4 Rest of North America Musical Instruments Market
7.4.1 Rest of North America Musical Instruments Market, by Type
7.4.2 Rest of North America Musical Instruments Market, by Distribution Channel
Chapter 8. Company Profiles
8.1 Eastman Music Company
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Product Launches and Product Expansions:
8.1.3 SWOT Analysis
8.2 Kawai Musical Instruments Manufacturing Co., Ltd.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Product Launches and Product Expansions:
8.3 Guangzhou Pearl River Piano Group Co., Ltd.
8.3.1 Company Overview
8.4 Yanagisawa Wind Instruments Co., Ltd.
8.4.1 Company Overview
8.5 C. F. Martin & Co., Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Fender Musical Instruments Corporation (Servco Pacific Inc.)
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.6.2.2 Acquisition and Mergers:
8.6.3 SWOT Analysis
8.7 Casio Computer Co., Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Product Launches and Product Expansions:
8.7.5 SWOT Analysis
8.8 Steinway, Inc. (Paulson & Co. Inc.)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.8.3 SWOT Analysis
8.9 Yamaha Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Roland Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.5.2 Acquisition and Mergers:

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