The Europe Musical Instruments Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030).
A significant trend in the market for these instruments is the personalization of instruments like electronic guitars and pianos. Industry leaders offer individualized products that are aesthetically pleasing and of superior quality. Patrons can customize their instruments in dimensions and contours and select from an assortment of premium exotic and traditional hardwood options for the inlays and guitar necks. Thus, customization and individualization of electronic guitars contributed substantially to expanding the market.
The surge in the prevalence of live musical performances and concerts is a significant catalyst for expanding the market. Rather than being confined to recorded music or newly released tracks, audiences increasingly gravitate to live concerts. Another contributing factor to the increasing prevalence of live musical performances and concerts is the development of audio technology and the widespread use of social media platforms (Facebook, Instagram, YouTube). Numerous musicians have garnered international acclaim and focus as a consequence.
According to the International Trade Administration, Germany's e-commerce industry is one of the largest in Europe. The total number of e-commerce consumers, internet penetration, and annual average expenditures are all higher than the European average. In 2021, total sales reached USD 127.5 billion, a 24 percent increase over 2020. The robust e-commerce industry in Germany can be attributed to the large percentage of the population (81 percent) that possesses a smartphone. E-commerce platforms offer various instruments, including guitars, keyboards, drums, and other equipment. This variety allows consumers to explore different brands, models, and price points, catering to a broad spectrum of musical interests. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Musical Instruments Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $877.8 Million by 2030. The UK market is exhibiting a CAGR of 3.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Musical Instruments Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Musical Instruments Market, by Type
1.4.2 Europe Musical Instruments Market, by Distribution Channel
1.4.3 Europe 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. Europe Musical Instruments Market, by Type
5.1 Europe Stringed Market, by Country
5.2 Europe Keyboard Market, by Country
5.3 Europe Brass & Woodwind Market, by Country
5.4 Europe Percussion Market, by Country
Chapter 6. Europe Musical Instruments Market, by Distribution Channel
6.1 Europe Specialty Stores Market, by Country
6.2 Europe Online Sales Channel Market, by Country
6.3 Europe Supermarkets/Hypermarkets Market, by Country
Chapter 7. Europe Musical Instruments Market, by Country
7.1 Germany Musical Instruments Market
7.1.1 Germany Musical Instruments Market, by Type
7.1.2 Germany Musical Instruments Market, by Distribution Channel
7.2 UK Musical Instruments Market
7.2.1 UK Musical Instruments Market, by Type
7.2.2 UK Musical Instruments Market, by Distribution Channel
7.3 France Musical Instruments Market
7.3.1 France Musical Instruments Market, by Type
7.3.2 France Musical Instruments Market, by Distribution Channel
7.4 Russia Musical Instruments Market
7.4.1 Russia Musical Instruments Market, by Type
7.4.2 Russia Musical Instruments Market, by Distribution Channel
7.5 Spain Musical Instruments Market
7.5.1 Spain Musical Instruments Market, by Type
7.5.2 Spain Musical Instruments Market, by Distribution Channel
7.6 Italy Musical Instruments Market
7.6.1 Italy Musical Instruments Market, by Type
7.6.2 Italy Musical Instruments Market, by Distribution Channel
7.7 Rest of Europe Musical Instruments Market
7.7.1 Rest of Europe Musical Instruments Market, by Type
7.7.2 Rest of Europe 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 Europe Musical Instruments Market, 2019 - 2022, USD Million
TABLE 2 Europe Musical Instruments Market, 2023 - 2030, USD Million
TABLE 3 Europe Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 4 Europe Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 5 Europe Stringed Market, by Country, 2019 - 2022, USD Million
TABLE 6 Europe Stringed Market, by Country, 2023 - 2030, USD Million
TABLE 7 Europe Keyboard Market, by Country, 2019 - 2022, USD Million
TABLE 8 Europe Keyboard Market, by Country, 2023 - 2030, USD Million
TABLE 9 Europe Brass & Woodwind Market, by Country, 2019 - 2022, USD Million
TABLE 10 Europe Brass & Woodwind Market, by Country, 2023 - 2030, USD Million
TABLE 11 Europe Percussion Market, by Country, 2019 - 2022, USD Million
TABLE 12 Europe Percussion Market, by Country, 2023 - 2030, USD Million
TABLE 13 Europe Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 14 Europe Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 15 Europe Specialty Stores Market, by Country, 2019 - 2022, USD Million
TABLE 16 Europe Specialty Stores Market, by Country, 2023 - 2030, USD Million
TABLE 17 Europe Online Sales Channel Market, by Country, 2019 - 2022, USD Million
TABLE 18 Europe Online Sales Channel Market, by Country, 2023 - 2030, USD Million
TABLE 19 Europe Supermarkets/Hypermarkets Market, by Country, 2019 - 2022, USD Million
TABLE 20 Europe Supermarkets/Hypermarkets Market, by Country, 2023 - 2030, USD Million
TABLE 21 Europe Musical Instruments Market, by Country, 2019 - 2022, USD Million
TABLE 22 Europe Musical Instruments Market, by Country, 2023 - 2030, USD Million
TABLE 23 Germany Musical Instruments Market, 2019 - 2022, USD Million
TABLE 24 Germany Musical Instruments Market, 2023 - 2030, USD Million
TABLE 25 Germany Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 26 Germany Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 27 Germany Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 28 Germany Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 29 UK Musical Instruments Market, 2019 - 2022, USD Million
TABLE 30 UK Musical Instruments Market, 2023 - 2030, USD Million
TABLE 31 UK Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 32 UK Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 33 UK Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 34 UK Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 35 France Musical Instruments Market, 2019 - 2022, USD Million
TABLE 36 France Musical Instruments Market, 2023 - 2030, USD Million
TABLE 37 France Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 38 France Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 39 France Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 40 France Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 41 Russia Musical Instruments Market, 2019 - 2022, USD Million
TABLE 42 Russia Musical Instruments Market, 2023 - 2030, USD Million
TABLE 43 Russia Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 44 Russia Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 45 Russia Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 46 Russia Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 47 Spain Musical Instruments Market, 2019 - 2022, USD Million
TABLE 48 Spain Musical Instruments Market, 2023 - 2030, USD Million
TABLE 49 Spain Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 50 Spain Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 51 Spain Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 52 Spain Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 53 Italy Musical Instruments Market, 2019 - 2022, USD Million
TABLE 54 Italy Musical Instruments Market, 2023 - 2030, USD Million
TABLE 55 Italy Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 56 Italy Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 57 Italy Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 58 Italy Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 59 Rest of Europe Musical Instruments Market, 2019 - 2022, USD Million
TABLE 60 Rest of Europe Musical Instruments Market, 2023 - 2030, USD Million
TABLE 61 Rest of Europe Musical Instruments Market, by Type, 2019 - 2022, USD Million
TABLE 62 Rest of Europe Musical Instruments Market, by Type, 2023 - 2030, USD Million
TABLE 63 Rest of Europe Musical Instruments Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 64 Rest of Europe Musical Instruments Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 65 Key Information – Eastman Music Company
TABLE 66 Key Information – Kawai Musical Instruments Manufacturing Co., Ltd.
TABLE 67 Key Information – Guangzhou Pearl River Piano Group Co., Ltd.
TABLE 68 Key Information – Yanagisawa Wind Instruments Co., Ltd.
TABLE 69 Key Information – C. F. Martin & Co., Inc.
TABLE 70 Key Information – Fender Musical Instruments Corporation
TABLE 71 Key Information – Casio Computer Co., Ltd.
TABLE 72 Key Information – Steinway, Inc.
TABLE 73 Key Information – Yamaha Corporation
TABLE 74 Key Information – Roland Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe 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 Europe Musical Instruments Market share, by Type, 2022
FIG 6 Europe Musical Instruments Market share, by Type, 2030
FIG 7 Europe Musical Instruments Market, by Type, 2019 - 2030, USD Million
FIG 8 Europe Musical Instruments Market share, by Distribution Channel, 2022
FIG 9 Europe Musical Instruments Market share, by Distribution Channel, 2030
FIG 10 Europe Musical Instruments Market, by Distribution Channel, 2019 - 2030, USD Million
FIG 11 Europe Musical Instruments Market share, by Country, 2022
FIG 12 Europe Musical Instruments Market share, by Country, 2030
FIG 13 Europe 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