Electronic Musical Instrument Market To Increase USD 436.31 Million | Growing demand for music related leisure activities to drive market growth

NEW YORK, January 13, 2022 / PRNewswire / – The “Electronic Musical Instrument Market by Product (Electric Pianos and Keyboards, Stringed Instruments, Drums and Percussion Instruments, and Others) and Geography (North America, Europe, APAC, South America, and MEA) – Forecast and Analysis 2021-2025“has been added to Technavio’s offerings. With ISO 9001: 2015 certification, Technavio is proud to have partnered with more than 100 Fortune 500 companies for over 16 years.

Attractive Opportunities in Electronic Musical Instruments Market by Product and Geography – Forecast and Analysis 2021-2025

The potential growth difference for the electronic musical instruments market between 2020 and 2025 is $ 436.31 million. Market growth momentum will accelerate at a CAGR of 2.77%. To get the exact annual growth variance and the growth rate YOY, Talk to our analyst.

Key market dynamics:

  • Market engine

  • Market challenges

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

Find out more about the main drivers, trends and additional challenges available with Technavio. Read our FREE sample report now!

The Electronic Musical Instruments market report is segmented by Product (Electric Pianos & Keyboards, Stringed Instruments, Drums & Percussion Instruments, and others) and Geography (North America, Europe, APAC, South America, and MEA).

By product, the electric pianos and keyboards segment will experience significant market share growth during the forecast period. The increasing R&D investments of the major players, together with the growing consumer interest in different types of electronic musical instruments, will play a major role in the market revenue growth 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, arranging keyboards, synthesizers, workstations and MIDI keyboards. Electric pianos are generally classified into electronic pianos and digital pianos.

By geography, North America will be the major region with 40% of the market growth during the forecast period. The United States and Canada are the key countries for the electronic musical instrument market in North America. Moreover, the market growth in this region will be faster than the market growth in Europe.

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

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Associated reports:

  • Music and Video Market by Type, Platform and Geography – Forecast and Analysis 2021-2025: The market share of music and video is expected to increase by $ 154.45 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 12.14%. Download a free sample

  • Electric Guitar Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025: The electric guitar market is expected to grow by $ 123.99 million from 2020 to 2025. Download a free sample

Scope of the electronic musical instruments market

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a 3% CAGR

Market growth 2021-2025

$ 436.31 million

Market structure


Annual growth (%)


Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 40%

Main consumer countries

United States, Japan, China, Germany, France and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

CF 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 Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.


If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Main topics covered:

  • Summary

  • Market landscape

  • Market sizing

  • Five forces analysis

  • Market segmentation

  • Customer landscape

  • Geographic landscape

  • Supplier landscape

  • Supplier analysis

  • appendix

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)



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