The global Electronic Musical Instruments market was valued at US$ 678.9 million in 2023 and is projected to reach US$ 976.9 million by 2029, at a CAGR of 3.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Electronic Musical Instruments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Musical Instruments. This report contains market size and forecasts of Electronic Musical Instruments in global, including the following market information:
- Global Electronic Musical Instruments Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Electronic Musical Instruments Market Sales, 2018-2023, 2024-2030, (K Units)
- Global top five Electronic Musical Instruments companies in 2023 (%)
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.
We surveyed the Electronic Musical Instruments manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electronic Musical Instruments Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Electronic Musical Instruments Market Segment Percentages, by Type, 2023 (%)
- Electric Piano
- Electronic Organ
- Electric Guitar/Electric Bass
- Electronic Drum
- Electronic Synthesizer
- Others
Global Electronic Musical Instruments Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Electronic Musical Instruments Market Segment Percentages, by Application, 2023 (%)
- Band Use
- Home Use
- Teaching Use
- Others
Global Electronic Musical Instruments Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Electronic Musical Instruments Market Segment Percentages, By Region and Country, 2023 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Electronic Musical Instruments revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Electronic Musical Instruments revenues share in global market, 2023 (%)
- Key companies Electronic Musical Instruments sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Electronic Musical Instruments sales share in global market, 2023 (%)
key players include:
- 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electronic Musical Instruments, market overview.
Chapter 2: Global Electronic Musical Instruments market size in revenue and volume.
Chapter 3: Detailed analysis of Electronic Musical Instruments manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electronic Musical Instruments in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Electronic Musical Instruments capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
