The Latin America, Middle East and Africa Percussion Instruments Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
In recent years, there has been a rise in the number of musicians working independently, which has led to the establishment of a variety of new musical ensembles and crews. As a direct consequence of this, there has been a considerable rise in the number of concerts and live performances, which in turn has led to an increase in the demand for sophisticated musical instruments that come at a premium in terms of both technology and cost.
Additionally, it has been noted that youngsters who begin learning to play musical instruments at an early age eventually develop a soft spot for music. Some of them decide to pursue music as a career. Universities provide graduate and post-graduate programme in various areas of music and film composing. This would result in market growth over the forecast period.
A large number of visitors have been drawn in for lengthier stays as a result of the growing availability of lodging packages with luxurious rooms and top-notch services, which has increased income generating. The rising use of cutting-edge technology to provide amenities lavish restaurants in five-star hotels will draw more visitors. As a result, the demand for opulent hospitality locations has increased due to the expanding trend of leisure and luxury travel. This would result in growing the demand for musicians in such hotels and thus supporting the market growth for percussion instruments during the forecast period.
The Brazil market dominated the LAMEA Percussion Instruments Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29.8 million by 2028. The Argentina market is experiencing a CAGR of 7.7% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 6.9% during (2022 - 2028).
Based on Application, the market is segmented into Professional, Amateur and Educational. Based on Type, the market is segmented into Traditional and Electronic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Percussion Instruments Market is Predict to reach $1.7 Billion by 2028, at a CAGR of 3.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Yamaha Corporation (Menchey Music Service, Inc.), Roland Corporation, Conn-Selmer, Inc. (Steinway Musical Instruments, Inc.), KHS Musical Instruments, D'Addario & Company, Inc., inMusic Brands, Inc., Remo Inc., Australis Music Group Pty Ltd (Ashton Music), Pearl Musical Instrument Co., and Walberg and Auge Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Professional
- Amateur
- Educational
By Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Yamaha Corporation (Menchey Music Service, Inc.)
- Roland Corporation
- Conn-Selmer, Inc. (Steinway Musical Instruments, Inc.)
- KHS Musical Instruments
- D'Addario & Company, Inc.
- inMusic Brands, Inc
- Remo Inc.
- Australis Music Group Pty Ltd (Ashton Music)
- Pearl Musical Instrument Co.
- Walberg and Auge Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Percussion Instruments Market, by Application
1.4.2 LAMEA Percussion Instruments Market, by Type
1.4.3 LAMEA Percussion Instruments Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Percussion Instruments Market
Chapter 4. LAMEA Percussion Instruments Market by Application
4.1 LAMEA Professional Market by Country
4.2 LAMEA Amateur Market by Country
4.3 LAMEA Educational Market by Country
Chapter 5. LAMEA Percussion Instruments Market by Type
5.1 LAMEA Traditional Market by Country
5.2 LAMEA Electronic Market by Country
Chapter 6. LAMEA Percussion Instruments Market by Country
6.1 Brazil Percussion Instruments Market
6.1.1 Brazil Percussion Instruments Market by Application
6.1.2 Brazil Percussion Instruments Market by Type
6.2 Argentina Percussion Instruments Market
6.2.1 Argentina Percussion Instruments Market by Application
6.2.2 Argentina Percussion Instruments Market by Type
6.3 UAE Percussion Instruments Market
6.3.1 UAE Percussion Instruments Market by Application
6.3.2 UAE Percussion Instruments Market by Type
6.4 Saudi Arabia Percussion Instruments Market
6.4.1 Saudi Arabia Percussion Instruments Market by Application
6.4.2 Saudi Arabia Percussion Instruments Market by Type
6.5 South Africa Percussion Instruments Market
6.5.1 South Africa Percussion Instruments Market by Application
6.5.2 South Africa Percussion Instruments Market by Type
6.6 Nigeria Percussion Instruments Market
6.6.1 Nigeria Percussion Instruments Market by Application
6.6.2 Nigeria Percussion Instruments Market by Type
6.7 Rest of LAMEA Percussion Instruments Market
6.7.1 Rest of LAMEA Percussion Instruments Market by Application
6.7.2 Rest of LAMEA Percussion Instruments Market by Type
Chapter 7. Company Profiles
7.1 Yamaha Corporation (Menchey Music Service, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Roland Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments:
7.2.3.1 Partnerships, Collaborations, and Agreements:
7.2.3.2 Product Launches and Product Expansions:
7.3 Conn-Selmer, Inc. (Steinway Musical Instruments, Inc.)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.4 KHS Musical Instruments
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.2.2 Product Launches and Product Expansions:
7.5 D'Addario & Company, Inc.
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Acquisition and Mergers:
7.6 inMusic Brands, Inc
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Acquisition and Mergers:
7.7 Remo Inc.
7.7.1 Company Overview
7.8 Australis Music Group Pty Ltd (Ashton Music)
7.8.1 Company Overview
7.9 Pearl Musical Instrument Co.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Walberg and Auge Inc.
7.10.1 Company Overview
TABLE 1 LAMEA Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Professional Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Professional Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Amateur Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Amateur Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Educational Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Educational Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 12 LAMEA Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 13 LAMEA Traditional Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Traditional Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Electronic Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Electronic Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Percussion Instruments Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Percussion Instruments Market by Country, 2022 - 2028, USD Million
TABLE 19 Brazil Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 20 Brazil Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 21 Brazil Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 22 Brazil Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 23 Brazil Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 24 Brazil Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 25 Argentina Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 26 Argentina Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 27 Argentina Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 28 Argentina Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 29 Argentina Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 30 Argentina Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 31 UAE Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 32 UAE Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 33 UAE Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 34 UAE Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 35 UAE Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 36 UAE Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 37 Saudi Arabia Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 38 Saudi Arabia Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 43 South Africa Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 44 South Africa Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 45 South Africa Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 46 South Africa Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 47 South Africa Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 48 South Africa Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 49 Nigeria Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 50 Nigeria Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 51 Nigeria Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 52 Nigeria Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 53 Nigeria Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 54 Nigeria Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA Percussion Instruments Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA Percussion Instruments Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Percussion Instruments Market by Application, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Percussion Instruments Market by Application, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Percussion Instruments Market by Type, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Percussion Instruments Market by Type, 2022 - 2028, USD Million
TABLE 61 Key information – Yamaha Corporation
TABLE 62 Key Information – Roland Corporation
TABLE 63 Key Information – Conn-Selmer, Inc.
TABLE 64 Key Information – KHS Musical Instruments
TABLE 65 Key Information – D'Addario & Company, Inc.
TABLE 66 Key Information – inMusic Brands, Inc
TABLE 67 Key Information – Remo Inc.
TABLE 68 Key Information – Australis Music Group Pty Ltd
TABLE 69 Key Information – Pearl Musical Instrument Co.
TABLE 70 Key Information – Walberg and Auge Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Yamaha Corporation
FIG 3 Recent strategies and developments: Roland Corporation
FIG 4 Recent strategies and developments: KHS Musical Instruments