About Music Production Equipment
Music production equipment are required for the music recording or composition. It includes Audio interface, Microphones, Studio monitors, MIDI keyword or controller, cables, and virtual instruments. The quality of these equipment are important to the music producers. The music production equipment are helpful for the individuals who wants to learn the music but cannot join the classes. As these instruments are easily accessible and becoming popular there is high demand in the equipment which is fueling the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.9% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Music Production Equipment 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.
Fender Musical Instruments (United States), Gibson Brands (United States), Kawai Musical Instruments (Japan), Roland (Japan), Steinway & Sons (United States), Yamaha (Japan), Audio-Technica (Japan), C.F. Martin & Company (United States), D'Addario (United States) and Harman International (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 QRS Music Technology (United States), Sennheiser Electronic (Germany) and Shure (United States).
Segmentation Overview
AMA Research has segmented the market of Global Music Production Equipment market by Type (Music synthesizers, DJ Gear, Studio headphones, Digital keyboards and Public address equipment) and Region.
On the basis of geography, the market of Music Production Equipment 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 End Users, the sub-segment i.e. Professional will boost the Music Production Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Low Maintenance and Long Replacement Cycle and Growing Music Education in Schools
Market Growth Drivers:
Increasing Number of Live Concert and Performances and Growing Popularity of Music Festivals
Challenges:
Stiff Competition among the Individuals
Restraints:
High Costs Associated with the Music Instruments
Opportunities:
Increasing Online Retails is creating an Opportunity for Music Equipment Market and Rising Disposable Income among the Individuals
Market Leaders and their expansionary development strategies
In January 2019, Fender has acquired Bigsby. This acquisition will strengthen the product portfolio of the company.
In July 2023, AlphaTheta Corporation, market leaders in DJ hardware and software through the Pioneer DJ brand, and Serato Audio Research Limited, market leaders in DJ and audio software, are delighted to announce, subject to approval by the New Zealand Overseas Investment Office and other customary conditions, that the two companies have agreed on the acquisition of all Serato shares by AlphaTheta.
According to FWS, the musical instruments may contain parts of species which are protected under convention on international trade in endangered species of wild fauna and flora. The Brazilian rosewood, tortoise shell and elephant ivory are commonly found in instruments.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.