Global Electronic Musical Instruments Market Growth 2023-2029

Global Electronic Musical Instruments Market Growth 2023-2029

An electronic instrument refers to a musical instrument in which a musician triggers an electronic signal by specific means, using electronic synthesis or sampling techniques to make sound through an electroacoustic device, such as an electronic piano, an electric piano, an electronic synthesizer, an electronic drum, etc.
LPI (LP Information)' newest research report, the “Electronic Musical Instruments Industry Forecast” looks at past sales and reviews total world Electronic Musical Instruments sales in 2022, providing a comprehensive analysis by region and market sector of projected Electronic Musical Instruments sales for 2023 through 2029. With Electronic Musical Instruments sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electronic Musical Instruments industry.
This Insight Report provides a comprehensive analysis of the global Electronic Musical Instruments landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electronic Musical Instruments portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electronic Musical Instruments market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Musical Instruments and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Musical Instruments.
The global Electronic Musical Instruments market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
With the continuous expansion of the domestic market, local enterprises are becoming more and more mature. Imports are decreasing, and exports are increasing. For the future sales model of electronic instruments in the domestic market, the status quo is basically maintained. In 2017, the number of electronic music users in China reached 290 million, an increase of 45.2 percent over the same period last year; in 2018, it reached 360 million, an increase of 25.2 percent over the same period last year; and by 2020, the number of electronic music users in China is expected to reach 580 million. The electronic music market has just started in China, and the population dividend in China is huge. With the cultivation of users by audio manufacturers, the scale of electronic music users in China will continue to grow. Chinese government has formulated a series of plans to promote music art education and mass cultural entertainment, to promote the prosperity of the music culture market. In the case of good policies, China's cultural and recreational consumer groups continue to expand. With the continuous improvement of the income level of residents in China, the proportion of basic consumption expenditure such as food, clothing, housing and transportation is gradually reduced, and the growth rate of entertainment consumption expenditure is relatively fast, and the proportion is gradually rising. Under the promotion of favorable policy and rising national entertainment consumption, China's electronic instrument industry ushered in development opportunities. Under the background of foreign brands entering China, the competition of electronic instrument market is becoming more and more fierce, and the local electronic instrument industry will face greater challenges.
This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Musical Instruments market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Electric Piano
Electronic Organ
Electric Guitar/Electric Bass
Electronic Drum
Electronic Synthesizer
Others
Segmentation by application
Band Use
Home Use
Teaching Use
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Yamaha
Guangzhou Pearl River Piano Group Co., Ltd.
Ringway Tech. (Jiangsu) Co., Ltd.
Beijing Hsinghai Piano Group Limited
Shanghai Huaxin Musical Instrument Co., Ltd.
Gibson Brands
Medeli Electronics (Shanghai) Co., Ltd.
Roland
Wuhan Eleca Electronics Co., Ltd.
KORG

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electronic Musical Instruments market?
What factors are driving Electronic Musical Instruments market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electronic Musical Instruments market opportunities vary by end market size?
How does Electronic Musical Instruments break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.