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Global Musical Instruments Market to grow by revenue surpassing USD 18 billion during 2016-2020

Press Release   •   Jan 24, 2017 05:11 EST

About Musical Instruments

Musical instruments refer to tools or devices that are used to create musical sounds. Musical instruments are made up of materials such as wood, metal, string, and non-durable materials. Some of the most commonly used musical instruments are guitar, piano, wind instruments, keyboard, and percussion.

Technavios analysts forecast the global musical instrument market to grow by revenue surpassing USD 18 billion during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global musical instrument market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of musical instruments worldwide.

The market is divided into the following segments based on geography:




Technavio's report, Global Musical Instrument Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Fender Musical Instruments

Gibson Brands

Kawai Musical Instruments


Steinway & Sons


Other prominent vendors


C.F. Martin & Company


Harman International

QRS Music Technology

Sennheiser Electronic


Market driver

Introduction of new musical products

For a full, detailed list, view our report

Market challenge

Increasing use of mobile devices

For a full, detailed list, view our report

Market trend

Growing popularity of online retail

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?