The musical instruments market is based on types such as percussion instruments, string instruments, piano, key instruments, organs, and air blown instruments. Also, the musical instruments market is divided based on applications such as commercial events, personal use, and music production. The market has many competitors such as Gibson Guitars and Basses, Fender Musical `b Corporation, Zildjian cymbals, Paiste cymbals, Cort, Casio, Yamaha, Korg, Roland, Pearl, Tama, Mapex, Sonor, ESP, Ibanez, Pluto, Tristar, and Granada. The musical instruments majorly comprise of guitar amplifiers, keyboard amplifiers, Bass Amplifiers, electric guitar, electric bass, electric keyboards and others.
A significant increase was observed in the manufacture and consumption of Chinese musical instruments that are nearly 30% of the global market share. Shanghai being the economic center of China has grabbed the opportunity in musical instrument industry. Asia’s largest music show is Music China and is a gateway to many business opportunities in China and the Asian markets. Music China earned its reputation as the finest business, educational and marketing platform for musical instruments, cultural and entertainment sectors. Music China is well-known for its excellent communication platform for trade and has played a significant role in culture and education development in recent years.
Musical instruments market has a low impact on the economic crisis. China is one of the world’s musical instruments production and sales countries. After the global crisis in 2008 there was a negative impact on this industry. The musical instruments industry recovered from the year 2010 and continues to grow rapidly.
The musical instruments raw materials differ based on the instrument type and quality required. Silver, gold or brass, with a normal mix of 70% copper and 30% zinc are used for all professional wind instruments. The student version is made of nickel brass or silver-plated brass. Hardwoods such as maple, beech, spruce, and basswood are use for high-end pianos while the string instruments contain lower-quality cheaper woods or plastic. Majority of the customers are from music distributors, music retailers, schools, churches, and professional artists.
According to research report “Asia-Pacific Musical Instrument Market by Manufacturers, Regions, Type and Application, Forecast to 2022”, increase in western music lovers in India led to growth of this market in India. The disposable income of the consumer, availability of the instruments, digitalization of the western instruments and decreasing cost of instruments are the major factors that lead to the upward growth of the musical instruments market in India. Yamaha, Casio, Roland, Fender, Pearl, Zildjian and others are the leading brands and specialized in specific musical instruments. In recent years, Indian companies manufactured western musical instruments like Guitars, Violins, etc. which led to the market growth at the record heights.
The new technological innovation in electronic instruments is expected to grow over the coming years. This will lead to invention of new products with evolved designs, social networks and new interfaces. The musical instrument market in Asia pacific has an enormous demand for various musical instruments from countries such as China, India, and Taiwan. The factors affecting musical instruments growth in emerging countries are higher income and spending level of consumers, increase in demand for musical instruments.
Topics Covered in The Report
- Asia Pacific musical instruments market
- Asia Pacific musical instruments manufacturers
- China musical instruments market
- India musical instruments market
- Malaysia musical instruments market
- Japan musical instruments market
- Philippines musical instruments market
- Asia Pacific musical instruments market future Outlook
- Asia Pacific musical instruments market competition
- Asia Pacific musical instruments market demand trends
- Asia Pacific Yamaha Musical Instrument Revenue
- Asia Pacific Roland Musical Instrument sales
- Asia Pacific Marshall Musical Instrument Sales
- Asia Pacific Blackstar Musical Instrument Revenue
- Asia Pacific Korg Musical Instrument Growth
- Asia Pacific Fishman Musical Instrument Market Share
- Japan Guitar Amplifiers Market Share
- China Musical Instrument Sales
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Ankur Gupta, Head Marketing & Communications