Percussion Instruments Industry Overview
The global percussion instruments market size was valued at USD 1.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 1.1% from 2022 to 2028.
The rising inclination of adopting percussion instruments from music hobbyists coupled with rising demand from professionals due to the rise in the number of musical events is driving the demand for percussion instruments. Percussion instruments play a vital role by keeping the rhythm of the song and producing one cohesive sound with all other instruments. Encouragement for adopting musical instruments at an early age by either their parents or at school positively impacts the musical instruments. The advent of the Covid-19 pandemic adversely affected the demand for percussion instruments. Factors such as canceled music festivals, closure of schools, and disruption in the supply chain restricted the demand for percussion instruments. However, it is expected that, as things get normal in the post-pandemic era, percussion instruments will have an upsurge in demand.
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Furthermore, top brands and musicians’ stage performances at these events are fueling the market growth of percussion instruments. In addition, the rising demand for percussion instruments from marching bands further boosted the industry sales. Increased consumption of drums and other instruments at military events like marching bands is responsible for propelling percussions market growth at a global level. New product developments with technological advancements from manufacturing companies will further propel market growth in the near future.
Percussion instruments are considered a backbone of the music industry as it is one of the oldest instruments played. It plays important role in any kind of music like jazz, pop, rock, or orchestral music, due to widespread acceptance of these instruments. Some of the commonly known percussion instruments include timpani, snare drum, cymbals, triangle, tambourine, gongs, maracas, and celesta. The rise in the number of music learners and growing interest among music enthusiasts due to growing social media is fueling the demand for percussion instruments. The rise in the number of musical events and an increasing number of live concerts is driving the younger populace to pursue music, thereby driving the demand for percussion instruments. As per a survey conducted by National Laboratory Medicine (NLM), the use of percussion instruments reduces anxiety levels among the elderly populace.
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Percussion Instruments Market Segmentation
Grand View Research has segmented the global percussion instruments market based on type, application, and region:
Percussion Instruments Type Outlook (Revenue, USD Million, 2017 – 2028)
- Traditional
- Electronic
Percussion Instruments Application Outlook (Revenue, USD Million, 2017 – 2028)
- Professional
- Amateur
- Educational
Percussion Instruments Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights
- April 2020: BD Performing Arts (BDPA) and Conn-Selmer, Inc. announced that RCC Indoor, The Blue Devils, and all other programs would be performed exclusively on instruments distributed and manufactured by Conn-Selmer, Inc.
- January 2020: Gretsch Drums introduced the USA custom limited River Cypress kit. It has been handcrafted at the Gretsch factory in the U.S. and is available in limited quantities.
- March 2019: Conn-Selmer Inc. announced the partnership with MBI Indoor Percussion and Conn-Selmer Inc. The partnership will company in providing innovation in the music industry.
Key Companies profiled:
Some prominent players in the global percussion instruments market include
- Conn-Selmer, Inc.
- Yamaha Group
- K.H.S. Musical Instrument Co., Ltd.
- Gretsch Drums
- Ludwig Drums
- InMusic Brands, Inc. (Alesis)
- Remo Inc.
- Roland Corporation
- Ashton Music
- Pearl Musical Instrument Co.
- D'Addario
- Majestic Holland BV
- Meinl Percussion
- Walberg and Auge
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