Global Musical Instruments Market| Rising Popularity of Online Stores Drives Growth| Technavio

June 12, 2018

Technavio has published a new market research report on the global musical instruments market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jun 12, 2018--The global musical instruments market is expected to register a CAGR of approximately 3% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global musical instruments market from 2018-2022. (Graphic: Business Wire)

A key factor driving the market’s growth is the increasing popularity of live musical performances and concerts. The willingness to attend live music events instead of solely listening to music releases and recorded music and watching broadcasts on television at home is increasing. In 2016, the UK witnessed a 12% increase in the audiences in live music events when compared with 2015.

This market research report on the provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the rising popularity of online stores as one of the key emerging trends in the global musical instruments market:

Global musical instruments market: Rising popularity of online stores

Over the last few years, the popularity of online retail has increased significantly. Many brick and mortar sellers have adopted online platforms to tap the increasing demand for their products. Musical instrument vendors can target their customers through online retailing because of the advantages of convenience and cost-effectiveness.

“Easy accessibility and the increasing preference of consumers to buy the instruments through online channels are likely to increase the online sales of musical instruments. There is an increasing presence of click and mortar business models in the musical instrument markets such as music stores. Online instrument channels are finding increased popularity in the market. There is also a significant increase in the sales of musical instruments from other online shopping sites,” says a senior analyst at Technavio for research on consumer electronics.

Global musical instruments market: Segmentation analysis

This market research report segments the global musical instruments market into the following products (public address instruments, string instruments, and keyboards) and key regions (the Americas, APAC, and EMEA).

The public address instruments segment held the largest market share in 2017, accounting for nearly 33% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The Americas held the highest share of the global musical instruments market in 2017, accounting for a market share of approximately 51%. It was followed by APAC and EMEA. APAC is expected to post the fastest growth during the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 06/12/2018 01:57 PM/DISC: 06/12/2018 01:57 PM


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