The North America Musical Instruments Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).
Musical instruments are apparatuses designed to produce melodic noises. Physical geographies and individual and communal identities are both expressed and reflected in these instruments. The function of a musical instrument in society can vary considerably. For example, it may be employed for recreational purposes or incorporated into ceremonial practices; its utilization within an ensemble may symbolize communal unity, or possessing a particular instrument may confer a higher social standing.
Integrating proprietary software into these instruments facilitates enhanced performance and improves sound quality. In addition, these technologically sophisticated instruments offer the benefits of effortless operation, enhanced volume control, and a robust, clear sound. As many colleges and universities recognize the value of extracurricular activities, a notable advancement is including music and dance courses as required subjects. This increases the sales of these instruments by encouraging students to purchase them.
According to Statistics Canada, Canadians' annual household disposable income in 2022 was 1,519,008 USD. Musicians and music enthusiasts with higher disposable income may be more inclined to invest in high-quality instruments. This can drive demand for premium guitars, keyboards, percussion instruments, and other professional-grade musical equipment. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Musical Instruments Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,777.4 Million by 2030. The Canada market is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.9% during (2023 - 2030).
Based on Type, the market is segmented into Stringed, Keyboard, Brass & Woodwind, and Percussion. Based on Distribution Channel, the market is segmented into Specialty Stores, Online Sales Channel, and Supermarkets/Hypermarkets. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Musical Instruments Market is Predict to reach $16.7 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eastman Music Company, Fender Musical Instruments Corporation (Servco Pacific Inc.), Casio Computer Co., Ltd., Steinway, Inc. (Paulson & Co. Inc.), Kawai Musical Instruments Manufacturing Co., Ltd., Yamaha Corporation, Guangzhou Pearl River Piano Group Co., Ltd., Yanagisawa Wind Instruments Co., Ltd., C. F. Martin & Co., Inc. and Roland Corporation
Scope of the Study
Market Segments Covered in the Report:
By Type
- Stringed
- Keyboard
- Brass & Woodwind
- Percussion
By Distribution Channel
- Specialty Stores
- Online Sales Channel
- Supermarkets/Hypermarkets
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Eastman Music Company
- Fender Musical Instruments Corporation (Servco Pacific Inc.)
- Casio Computer Co., Ltd.
- Steinway, Inc. (Paulson & Co. Inc.)
- Kawai Musical Instruments Manufacturing Co., Ltd.
- Yamaha Corporation
- Guangzhou Pearl River Piano Group Co., Ltd.
- Yanagisawa Wind Instruments Co., Ltd.
- C.F. Martin & Co., Inc.
- Roland Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Musical Instruments Market, by Type
1.4.2 North America Musical Instruments Market, by Distribution Channel
1.4.3 North America Musical Instruments Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Musical Instruments Market
Chapter 5. North America Musical Instruments Market, by Type
5.1 North America Stringed Market, by Country
5.2 North America Keyboard Market, by Country
5.3 North America Brass & Woodwind Market, by Country
5.4 North America Percussion Market, by Country
Chapter 6. North America Musical Instruments Market, by Distribution Channel
6.1 North America Specialty Stores Market, by Country
6.2 North America Online Sales Channel Market, by Country
6.3 North America Supermarkets/Hypermarkets Market, by Country
Chapter 7. North America Musical Instruments Market, by Country
7.1 US Musical Instruments Market
7.1.1 US Musical Instruments Market, by Type
7.1.2 US Musical Instruments Market, by Distribution Channel
7.2 Canada Musical Instruments Market
7.2.1 Canada Musical Instruments Market, by Type
7.2.2 Canada Musical Instruments Market, by Distribution Channel
7.3 Mexico Musical Instruments Market
7.3.1 Mexico Musical Instruments Market, by Type
7.3.2 Mexico Musical Instruments Market, by Distribution Channel
7.4 Rest of North America Musical Instruments Market
7.4.1 Rest of North America Musical Instruments Market, by Type
7.4.2 Rest of North America Musical Instruments Market, by Distribution Channel
Chapter 8. Company Profiles
8.1 Eastman Music Company
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Product Launches and Product Expansions:
8.1.3 SWOT Analysis
8.2 Kawai Musical Instruments Manufacturing Co., Ltd.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Product Launches and Product Expansions:
8.3 Guangzhou Pearl River Piano Group Co., Ltd.
8.3.1 Company Overview
8.4 Yanagisawa Wind Instruments Co., Ltd.
8.4.1 Company Overview
8.5 C. F. Martin & Co., Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Fender Musical Instruments Corporation (Servco Pacific Inc.)
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.6.2.2 Acquisition and Mergers:
8.6.3 SWOT Analysis
8.7 Casio Computer Co., Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Product Launches and Product Expansions:
8.7.5 SWOT Analysis
8.8 Steinway, Inc. (Paulson & Co. Inc.)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.8.3 SWOT Analysis
8.9 Yamaha Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Roland Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.5.2 Acquisition and Mergers:
TABLE 1 North America Musical Instruments Market, 2019 - 2022, USD Million
TABLE 2 North America Musical Instruments Market, 2023 - 2030, USD Million
TABLE 3 North America Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 4 North America Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 5 North America Stringed Market, by Country, 2019 - 2022, USD Million
TABLE 6 North America Stringed Market, by Country, 2023 - 2030, USD Million
TABLE 7 North America Keyboard Market, by Country, 2019 - 2022, USD Million
TABLE 8 North America Keyboard Market, by Country, 2023 - 2030, USD Million
TABLE 9 North America Brass & Woodwind Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Brass & Woodwind Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Percussion Market, by Country, 2019 - 2022, USD Million
TABLE 12 North America Percussion Market, by Country, 2023 - 2030, USD Million
TABLE 13 North America Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 14 North America Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 15 North America Specialty Stores Market, by Country, 2019 - 2022, USD Million
TABLE 16 North America Specialty Stores Market, by Country, 2023 - 2030, USD Million
TABLE 17 North America Online Sales Channel Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Online Sales Channel Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Supermarkets/Hypermarkets Market, by Country, 2019 - 2022, USD Million
TABLE 20 North America Supermarkets/Hypermarkets Market, by Country, 2023 - 2030, USD Million
TABLE 21 North America Musical Instruments Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Musical Instruments Market, by Country, 2023 - 2030, USD Million
TABLE 23 US Musical Instruments Market, 2019 - 2022, USD Million
TABLE 24 US Musical Instruments Market, 2023 - 2030, USD Million
TABLE 25 US Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 26 US Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 27 US Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 28 US Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 29 Canada Musical Instruments Market, 2019 - 2022, USD Million
TABLE 30 Canada Musical Instruments Market, 2023 - 2030, USD Million
TABLE 31 Canada Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 32 Canada Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 33 Canada Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 34 Canada Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 35 Mexico Musical Instruments Market, 2019 - 2022, USD Million
TABLE 36 Mexico Musical Instruments Market, 2023 - 2030, USD Million
TABLE 37 Mexico Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 38 Mexico Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 39 Mexico Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 40 Mexico Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 41 Rest of North America Musical Instruments Market, 2019 - 2022, USD Million
TABLE 42 Rest of North America Musical Instruments Market, 2023 - 2030, USD Million
TABLE 43 Rest of North America Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 44 Rest of North America Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 45 Rest of North America Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 46 Rest of North America Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 47 Key Information – Eastman Music Company
TABLE 48 Key Information – Kawai Musical Instruments Manufacturing Co., Ltd.
TABLE 49 Key Information – Guangzhou Pearl River Piano Group Co., Ltd.
TABLE 50 Key Information – Yanagisawa Wind Instruments Co., Ltd.
TABLE 51 Key Information – C. F. Martin & Co., Inc.
TABLE 52 Key Information – Fender Musical Instruments Corporation
TABLE 53 Key Information – Casio Computer Co., Ltd.
TABLE 54 Key Information – Steinway, Inc.
TABLE 55 Key Information – Yamaha Corporation
TABLE 56 Key Information – Roland Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Musical Instruments Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Musical Instruments Market
FIG 4 Porter’s Five Forces Analysis – Musical Instruments Market
FIG 5 North America Musical Instruments Market share, by Type, 2022
FIG 6 North America Musical Instruments Market share, by Type, 2030
FIG 7 North America Musical Instruments Market, by Type, 2019 - 2030, USD Million
FIG 8 North America Musical Instruments Market share, by Distribution Channel, 2022
FIG 9 North America Musical Instruments Market share, by Distribution Channel, 2030
FIG 10 North America Musical Instruments Market, by Distribution Channel, 2019 - 2030, USD Million
FIG 11 North America Musical Instruments Market share, by Country, 2022
FIG 12 North America Musical Instruments Market share, by Country, 2030
FIG 13 North America Musical Instruments Market, by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Eastman Music Company
FIG 15 SWOT Analysis: Fender Musical Instruments Corporation
FIG 16 SWOT Analysis: Casio Computer Co., Ltd.
FIG 17 SWOT Analysis: Steinway, Inc.
FIG 18 SWOT Analysis: Yamaha Corporation