Electronic Musical Instruments Market to grow by USD 436.31 million| Growing Demand for Music-related Leisure Activities to Boost Market Growth

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The growing demand for music-related leisure activities and rising number of music festivals and live events are some of the key market drivers. However, factors such as increasing adoption of virtual musical instruments and music production software will challenge market growth.

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The electronic musical instruments market report is segmented by product (electric pianos and keyboards, string instruments, drums and percussion instruments, and others) and geography (North America, Europe, APAC, South America, and MEA). 

By product, the electric pianos and keyboards segment will have significant market share growth during the forecast period. The growing R&D investments by leading players, coupled with the rising interest of consumers to spend on different types of electronic musical instruments, will play a major role in driving the market revenue in the electric pianos and keyboards segment. The electric pianos and keyboards segment includes instruments such as digital pianos, electronic pianos, portable keyboards, hybrid pianos, arranger keyboards, synthesizers, workstations, and MIDI keyboards. Electric pianos are broadly classified into electronic player pianos and digital pianos.

By geography, North America will be the leading region with 40% of the market’s growth during the forecast period. The US and Canada are the key countries for the electronic musical instruments market in North America. Moreover, market growth in this region will be faster than the growth of the market in Europe.

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Some Companies Mentioned with their Offerings

    • C. F. Martin & Co. Inc. – The company offers Modern Deluxe collection of guitars, electric bass strings, and other products.
    • CASIO Computer Co. Ltd. – The company offers Digital Piano GP 510-BP, Privia PX-S1000, and other products.
    • Fender Musical Instruments Corp. – The company offers acquostic amplifiers such as Acoustic Junior GO and others. It offers Contemporary digital instrument such as Tone Master Deluxe Reverb Blonde and other products.
    • Gibson Brands Inc. – The company offers the bass guitars like SG Standard Bass, Thunderbird Bass and other products.
    • inMusic Brands – The company offers disk jockey consoles such as MPC One, MPC X and others.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Electronic Musical Instruments Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

USD 436.31 million

Market structure


YoY growth (%)


Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, Japan, China, Germany, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

C. F. Martin & Co. Inc., CASIO Computer Co. Ltd., Fender Musical Instruments Corp., Gibson Brands Inc., inMusic Brands, KORG Inc., NS Design, Pioneer Corp., Roland Corp., and Yamaha Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
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SOURCE Technavio