About Keyboard Instruments
Keyboard Instruments are a musical instrument that is played using a keyboard which is pressed by fingers to produce sounds. The most used keyboard instruments include piano, electronic keyboards, claviola, harmonium, digital pianos, and other instruments. The growing craze for various types of music has encouraged the demand for various types of keyboard instruments. In addition, the growing adoption of music as a professional and hobby has increased the demand for keyboard instruments.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Keyboard Instruments market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Keyboard Instruments Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Keyboard Instruments market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Casio Computer Co., Ltd (Japan), RockJam (United States), Hamzer (United States), Yamaha Corporation (Japan), Best Choice Products (United States), AirTurn, Inc. (United States), ChromaCast (United States), Generic (United States), Lippo Group (Indonesia), Andoer Inc. (United Kingdom) and Fender Musical Instruments Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Roland Corporation (Japan), Korg Inc. (Japan), Kawai Musical Instruments Manufacturing Co., Ltd. (Japan) and Medeli (Hong Kong).
Segmentation Overview
AMA Research has segmented the market of Global Keyboard Instruments market by Type (Chordophones (Piano, Clavinet, Clavichord, Harpsichord, Others), Aerophones (Claviola, Harmonium, Melodica, Others), Idiophones (Electric Piano, Keyboard Glockenspiel, Carillon, Others) and Electrophones (Digital Piano, Electronic Keyboard, Keytar, Others)), Application (Personal Use and Professional Use) and Region.
On the basis of geography, the market of Keyboard Instruments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Weighted Keys, the sub-segment i.e. Keybeds /Non-Weighted Keys will boost the Keyboard Instruments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Wood will boost the Keyboard Instruments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Acceptance of Music Education in School Curriculum
Market Growth Drivers:
Increasing Demand for Chordophones and Rising Popularity of Live Musical Performances, Reality Shows, and Music Festivals
Challenges:
The foundation of proper piano technique.
Restraints:
High Cost of Products
Opportunities:
Rising Number of Music as Hobby, Rising Popularity of Online Stores and Increase in Penetration of Digital Keyboard Instruments
Market Leaders and their expansionary development strategies
In May 2018, Yamaha Guitar Group, Inc., a subsidiary of Yamaha Corporation acquired Ampeg brand from LOUD Audio, LLC. The addition of Ampeg to Yamaha Guitar Group’s portfolio alongside the Yamaha and Line 6 brands adds an iconic selection of bass amps, cabinets, and pedals to the solutions to Yamaha bass guitars and Line 6 wireless and modelers.
In June 2019, Kawai Japan launched the CN29 and CN39, the latest additions to the popular CN Series of digital pianos. These updated instruments have been developed in partnership with premium audio equipment manufacturer, Onkyo, and feature brand new sound delivery and speaker systems designed by the company to deliver richer, higher quality sound.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Keyboard Instruments Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Users
Key Finding and Research Objectives
Where will Keyboard Instruments market reach in upcoming years? What are the upcoming trends in the Keyboard Instruments market? What are the opportunities for Keyboard Instruments providers? How will the inorganic growth strategies implemented by key players impact the growth of the market? What are the emerging applications of Keyboard Instruments? Which regions will contribute a major share to the growth of the Keyboard Instruments market?
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.