Percussion Instruments Market Size Worth $1.6 Billion By 2028

 Percussion Instruments Industry Overview

The global percussion instruments market size is expected to reach USD 1.6 billion by 2028, registering a CAGR of 1.1% over the forecast period, according to a new report by Grand View Research, Inc. The market for percussion instruments is expected to grow due to an increase in the number of live concerts and multiday musical events. Furthermore, the business is being fueled by the stage performances of leading companies and musicians.

 

Percussion Instruments Market Segmentation

Grand View Research has segmented the global percussion instruments market based on type, application, and region:

 

Based on the Application Insights, the market is segmented into Professional, Amateur, Educational

  • The professional segment dominated the market and accounted for the highest revenue share of over 65.0% in 2021. The segment is expected to grow significantly over the forecast period. Increasing multiday music events and rising music industry, percussion instruments importance in music and growing uses of these instruments from top performers leads to capturing significant market share in the overall market.
  • The educational segment is expected to witness the fastest CAGR of 1.5% from 2022 to 2028. The rise in the number of music institutions, and the growing adoption of music instruments by children are driving the segment’s growth. Manufacturing companies’ assistance to music schools, growing interest in opening new music institutions, and online support for the same fuels the market demand.

 

Based on the Type Insights, the market is segmented into Traditional and Electronic

  • The traditional percussion instrument segment accounted for the largest revenue share of over 79.0% in 2021. The segment is estimated to witness a CAGR of 0.9% from 2022 to 2028. Several consumers prefer to play traditional instruments owing to their ability to produce natural sound. Individual learners and many professionals are increasingly preferring traditional instruments owing to the rise in the number of live events and the presence of numerous musical channels on social media.
  • The electronic percussion instrument segment is expected to witness the fastest CAGR of over 1.5% from 2022 to 2028. The rise in product innovation of electronic percussion instruments from manufacturing companies coupled with the demand from professionals is anticipated to drive the segment’s market growth. These electronic instruments are played by hands, sticks, mallets, or brushes. Electronic drums are highly popular among electronic percussion instruments and have a growing demand in the international market. 

 

Percussion Instruments Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

The percussion instruments industry is fragmented in nature. A number of global and regional players are playing an important role in the growth of the market. To capture sufficient market share, manufacturing companies are adopting various marketing strategies including new product developments, expansion of distribution channels, and providing customization facilities. 

Some of the prominent players in the percussion instruments market include:

  • Conn-Selmer, Inc.
  • Yamaha Group
  • 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

 

Order a free sample PDF of the Percussion Instruments Market Intelligence Study, published by Grand View Research. 

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