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Musical Instruments Market Share

Report ID: GMI12713
Published Date: Dec 2024
Report Format: PDF

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Musical Instruments Market Share

Yamaha, Kawai, Steinway, Roland, Casio, Samick, Fender, Focusrite, Gibson, and Ibanez together hold about 25-30% of the market. They succeed because of their strong brand names, wide range of products, and constant innovation. They invest heavily in research and development, have large global distribution networks, and use smart marketing, including working with top artists. These brands offer products for everyone, from beginners to professionals, with both affordable and high-end options. They also focus on customization, sustainability, and expanding into new markets, keeping them as leaders in the industry.

Musical Instruments Market Companies

Major players operating in the musical instruments industry are:

Casio
Cort
Focusrite
Fender
Gibson
Granada
Ibanez
Kawai
Pearl
Pluto
QRS Music
Roland
Samick
Steinway
Yamaha

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global musical instruments industry was valued at USD 47.5 billion in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034, driven by the increasing popularity of live concerts and performances.

The Parts & Accessories segment generated USD 22.77 billion in 2024 and is expected to reach USD 45.57 billion by 2034, fueled by rising demand for replacement parts and performance-enhancing accessories.

The U.S. accounted for 53.5% of the North American musical instruments market in 2024 and is anticipated to grow at a 7.4% CAGR during the forecast period, supported by its diverse music culture and high demand for instruments across genres like rock, jazz, pop, and classical.

Key players in the industry include Casio, Cort, Focusrite, Fender, Gibson, Granada, Ibanez, Kawai, Pearl, Pluto, QRS Music, Roland, Samick, Steinway, and Yamaha.