Authored By: Sarah
12 Jul 2024

 Electronic Musical Instruments Market Size to grow by USD 475.8 million between 2024-2028

According to a research report “ Electronic Musical Instruments Market” by Distribution Channel (Offline, Online) End-user (Electric pianos and keyboards, String instruments, Drums and percussion instruments, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 475.8 million, at a CAGR of  2.66% during the forecast period. The electronic musical instruments market is experiencing significant growth due to the increasing trend of leisure activities, particularly music learning, globally. Individuals from diverse age groups are embracing music-related hobbies, such as playing the guitar, piano, and keyboard. This shift is driven by the expanding disposable income of consumers, enabling them to invest in electronic musical instruments and enroll in music classes. Furthermore, the proliferation of concerts and live performances is inspiring artists to create an extensive range of music, thereby fueling market expansion.

Browse market data tables, figures, and in-depth TOC on “Electronic Musical Instruments Market” by Distribution Channel (Offline, Online) End-user (Electric pianos and keyboards, String instruments, Drums and percussion instruments, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Distribution Channel, the Offline segment is projected to dominate the market size in 2024

The electric pianos and keyboards market encompasses a range of instruments, including digital pianos, electronic pianos, portable keyboards, hybrid pianos, arranger keyboards, synthesizers, workstations, and Musical Instrument Digital Interface (MIDI) keyboards. Electric pianos can be categorized into electronic player pianos and digital pianos. Electronic player pianos utilize oscillators and filters to generate piano-like sounds, whereas digital pianos employ digital sampling technology to reproduce the authentic acoustic tone of a piano. A music synthesizer is an advanced electronic musical instrument, offering extensive sampling and patch modification capabilities not typically found in portable keyboards. Synthesizers are capable of producing both traditional musical instrument sounds, such as pianos, flutes, and vocals, as well as innovative sounds tailored to modern music production needs.

By End-user, Electric pianos and keyboards  segment is expected to hold the largest market size for the year 2024

The offline distribution channel for electronic musical instruments encompasses the sale of these products through physical retail outlets. This segment is crucial to the global electronic musical instruments market, as it enables customers to engage with the instruments prior to purchase. Notable offline distribution channels include specialized musical instrument stores, which focus on selling a diverse assortment of electronic musical instruments, such as electronic keyboards, synthesizers, digital pianos, drum machines, and MIDI controllers.

North America is forecasted to hold the largest market size by region in 2024

The Electronic Musical Instruments (EMI) market represents a significant growth opportunity for businesses in the music industry. With advancements in technology, EMIs have become increasingly sophisticated, offering musicians enhanced functionality and expressiveness. Key market drivers include the rising popularity of electronic music genres, the integration of EMIs into music education, and the growing trend towards virtual performances. Companies that can innovate and deliver high-quality, user-friendly EMIs will capture market share and thrive in this dynamic industry.

The Electronic Musical Instruments Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Anderson Guitarworks
  • Armadillo Enterprises Inc.
  • C. F. Martin and Co. Inc.
  • CASIO Computer Co. Ltd.
  • Fender Musical Instruments Corp.
  • Focusrite Plc
  • Gibson Brands Inc.
  • inMusic Brands Inc.
  • Kawai Musical Instruments Mfg. Co. Ltd.
  • KORG Inc.
  • Marshall Morrison Instruments Pty. Ltd.
  • Music Tribe Global Brands Ltd.
  • NS Design
  • Peavey Electronics Corp.
  • Rickenbacker International Corp.
  • Robert Bosch GmbH
  • Roland Corp.
  • Shure Inc.
  • Speck Electronics
  • Yamaha Corp.
.

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Research Analysis Overview

The Electronic Musical Instruments (EMI) market encompasses a wide range of musical sound-generating devices, including Music Synthesizers, Electric Pianos, Drum Machines, DJ Gear, and more. AI in musical instruments is a growing trend, with companies like Gibson Brands and Roland experimenting with artificial intelligence to create more expressive and authentic sounds. Sennheiser Electronic, Shure, and Fender Musical are prominent players in the market for Studio Headphones, catering to Music Composers and Producers. Brands like Denon DJ, Pioneer DJ, and Numark Industries dominate the DJ gear segment, providing essential equipment for Live Performance. Kawai Musical offers a blend of traditional and electronic instruments, while Steinway and Sons, the renowned piano manufacturer, has ventured into the digital piano market. Artists and Musicians continue to rely on these brands for their music equipment needs. The EMI market intersects with the Music Publishing Market, as composers increasingly use Music Production Software and Virtual Musical Instruments to create and distribute their work.

Market Research Overview

The Electronic Musical Instruments market encompasses a wide range of products, including Music Synthesizers, Electric Pianos, DJ Gear, and more. Brands like Gibson, Sennheiser Electronic, Denon DJ, Pioneer DJ, Roland, Numark Industries, Kawai Musical, Shure, Fender Musical, and Steinway and Sons dominate this sector. Artists and Musicians use these advanced instruments for music production, live performance, and music-related leisure activities. Music synthesizers are a crucial part of the market, providing Virtual musical instruments and Music production software for Music composers. DJ gear, such as Studio headphones and mixers, are essential for DJs and producers. Smart digital instruments and Virtual musical instruments are the latest trends, integrating AI in musical instruments and offering self-employed musicians new opportunities. The Music equipment market also includes DJ gear, Music classes, and Music-related communities. Live performance, Music publishing market, and Music-related leisure activities all contribute to the demand for Electronic musical instruments. Keyboard instruments, Electric bass, Percussion instruments, Woodwind instruments, Brass instruments, Stringed instruments, and even Drums can all be found in electronic form. Vibrations and Musical sound are the essence of these instruments, with Drum machines and Samplers recreating the most intricate and authentic sounds. The future of Electronic musical instruments lies in the integration of music and technology, offering new possibilities for self-expression and creativity.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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