An ever-increasing fondness for music and technological advancements will drive the musical instruments market to a revenue of $14.8 billion by the end of the year 2032

Future Market Insights Global and Consulting Pvt. ltd.

Germany is the largest market for musical instruments, where a number of musical instruments are sold together with accessories and spare parts. India is one of the leading manufacturers of many musical instruments, and most of them are traditionally produced by artisans across the country.

DUBAI, United Arab Emirates, Oct. 18, 2022 (GLOBE NEWSWIRE) — The world musical instruments market is ~US$11.5 billion to date and is projected to reach US$14.8 billion by 2032 at a CAGR of ~2.6% between 2022 and 2032.

The primary end users of musical instruments are students pursuing or learning music, music composers, and orchestra owners. Also, there are people who turn to musical instruments simply as a centerpiece or even as a hobby. It is a known fact that musical instruments are quite expensive, as they go through several processes to get the perfect sound/rhythms. Design requires skill as well as time.

The immensely popular musical instruments among customers (young people, in particular) are stringed instruments like the violin and the guitar. The piano and keyboards come in second place. Saxophone and flute are also preferred by some people. However, it is interesting to learn that the harmonica is the top scorer this year.

A continuing trend is of end consumers going crazy with musical instruments. This could be motivated by the fact that they consider knowledge of at least one musical instrument as a source for showing off at family or business gatherings.

Get a sample copy of the report @

Another trend involves more musical instruments going “digital”. However, these digitized versions are more preferred as centerpieces. Therefore, the sales of fancy musical instruments are expected to skyrocket in the future. Plus, music-based reality shows are popping up like never before. Fans are there to post their clips on social media. With these trends, nothing would stop the musical instruments market from growing in the future.

It has also been observed that children who start playing a musical instrument at a young age end up having a weak fondness for music in the long run. Some of them also take music as their profession. There are universities offering graduate and postgraduate studies in different fields of music and film music. In this sense, Yamaha music schools provide musical instruments to students, in addition to lessons. Measures like these are sure to drive the musical instrument market forward in the future.

Online shopping is another factor triggering the use of musical instruments. This could be attributed to faster access to a constellation of musical instruments and related services and the ease with which payments are made. Future Market Insights has, with the help of its line of expertise in the form of analysts and consultants, trained these facts with information in its latest market study titled “Musical Instruments Market”.

Top takeaways from the musical instruments market

  • Europe holds the largest market share, with Germany being the dominant region. It is at the forefront of importing musical instruments, percussion instruments and drums from Mexico and India. Germany is also among the top 5 exporters of instrument parts.

  • Coming from Asia-Pacific, India is the country with the largest and oldest musical heritage. Indian classical music itself has countless branches to browse. For example, Hindustani music and Carnatic music have an entirely different set of musical instruments to admire. Hordes of craftsmen have been producing these traditional musical instruments with dedication for centuries. The market is likely to grow voraciously with the influx of digital instruments. Live concerts are also fueling the demand for musical instruments.

“With the increase in the population having an ear for music, the musical instruments market will witness a meteoric growth during the forecast period,” says an analyst from Future Market Insights.

Visit for personalization @

Competitive arena

  • Gibson started with a virtual Guitar Tech service, in which Gibson technicians interact with customers one-on-one for self-maintenance of instruments. Instruments from Epiphone, Gibson, Steinberger and Kramer are serviced. They include acoustic and electric guitars, mandolins, banjos and ukuleles.

  • Yamaha Musicals has its portable 61-key keyboard called “PSR-E473”. It was launched in March 2022 and features top-notch sounds found in high-end keyboards.

What does the report cover?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the Musical Instruments market in its latest study, presenting a historical demand assessment from 2016 to 2021 and projections for 2022 to 2032.

  • The research study is based on the type of instrument (string instruments, wind instruments, percussion instruments, and others), by price range (high-end, mid-range, and budget), and by distribution channel ( specialty stores, online markets and wholesalers) .

Key segments profiled in the musical instruments market

By instrument type:

  • String instruments

  • Wind instruments

  • Percussion instruments

  • Others

By price range:

By distribution channel:

  • Specialty shops

  • Online markets

  • Wholesalers

Use promo code ->> FMITODAY to get a flat 20% discount @


1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

Browse full report @

Check out IMF’s extensive coverage at Consumer Product Domain

Market share of children’s musical instruments: According to the latest research by Future Market Insights, the children’s musical instruments market is expected to grow steadily from 2021 to 2031, growing at a CAGR of around 3%.

Dive Computer Market Size: The dive computer market is expected to be worth US$634.7 million in 2022 and US$1,109.3 million by 2032, growing at a CAGR of 5.7% from 2022 to 2032. dive computer market in the global diving equipment market is about 21%-26. %.

Microwave Market Trends: The global microwave market is expected to reach US$8 billion in 2022. Microwave sales are expected to grow at a constant CAGR of 4%, bringing the market size to US$11.84 billion by 2032.

Paint Ingredients Market Analysis: The global paint ingredients market is expected to reach 2,230 million US$ in 2032 while growing at a CAGR of 3.2%. The market is expected to hold a value of US$1,630 million in 2022.

Washing Capsules Market Demand: The washing capsules market is expected to maintain the global market at a moderate CAGR of around 9.4% during the forecast period. The global market holds a projected revenue of ~US$8.03 billion in 2022 and is expected to surpass ~US$19.7 billion by the end of 2032.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them achieve their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

Contact We:
Future Market Insights, Inc.
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: [email protected]

Comments are closed.