The global musical instrument market to grow by revenue surpassing USD 18 billion during the period 2016-2020.
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 report also includes a discussion of the key vendors operating in this market.
Growing popularity of online retail will be a key trend for market growth. With the growing popularity of online retail, numerous musical instruments companies are providing their wide selection through the online space. Companies find the online shopping approach convenient and cost-saving as it allows them to target consumers directly through the web. Some of the popular musical instrument websites are gibson.com, ebay.com, and amazon.com. The accessibility of instruments online and the preference to buy products online will increase during the forecast period with increasing awareness about the internet.
According to the report, availability of free learning materials on web will be a key driver for market growth. With advances in web technology, a number of online and tutorial sites (such as Justinguitar.com and YouTube.com) use videos, reference articles, and other teaching methodologies to help consumers learn various musical instruments.
Further, the report states that long replacement cycle will be a challenge for the market. The long replacement cycle of musical instruments poses a major challenge to musical instrument vendors. Replacement cycle refers to the period between the purchase and the replacement of a musical instrument. Most musical instruments have long replacement cycles. They can be used for numerous years, and their quality of sound also improves with their age.
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?
- Fender Musical Instruments
- Gibson Brands
- Kawai Musical Instruments
- Steinway & Sons
Other prominent vendors
- C.F. Martin & Company
- Harman International
- QRS Music Technology
- Sennheiser Electronic
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/hmlp4w/global_musical