The average revenue per capita in the 'Musical Instruments' segment of the toys & hobby market in Canada was forecast to continuously increase between 2024 and 2029 by in total 6.3 U.S. dollars (+31.75 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 26.15 U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
Musical instruments are devices designed to produce music, either by themselves or in combination with other instruments. The instruments are used by musicians, music producers, and hobbyists to create and perform music across various genres and styles. The market for musical instruments comprises a wide range of products, from traditional acoustic instruments to modern electronic and electromechanical devices. The market is driven by factors such as technological advancements, changing consumer preferences, and the growing popularity of music as a hobby and profession.
Structure:
The market for musical instruments can be broken down into several product categories:
Acoustic Pianos & Stringed Keyboard Instruments: This category includes instruments such as pianos, organs, harpsichords, and keyboards that produce sound through vibrating strings.
String Instruments: This category encompasses instruments such as violins, cellos, guitars, basses, and harps that produce sound through vibrating strings.
Wind Instruments: This category includes instruments such as flutes, clarinets, saxophones, trumpets, and trombones that produce sound through vibrating air columns.
Percussion Instruments: This category encompasses instruments such as drums, xylophones, maracas, and tambourines that produce sound through striking, shaking, or rubbing.
Electronic & Electromechanical Musical Instruments: This category includes instruments such as synthesizers, electronic keyboards, drum machines, and MIDI controllers that produce sound through electronic means.
Parts & Accessories of Musical Instruments: This category includes various parts and accessories used with musical instruments, such as guitar picks, drumsticks, strings, reeds, and cases.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Yamaha, Fender, Gibson, Korg, and Roland. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Market Insights. (July 1, 2024). Average revenue per unit (ARPU) in the musical instruments segment of the toys & hobby market Canada from 2019 to 2029 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/forecasts/1435319/average-revenue-per-unit-arpu-musical-instruments-toys-hobby-market-canada
Statista Market Insights. "Average revenue per unit (ARPU) in the musical instruments segment of the toys & hobby market Canada from 2019 to 2029." Chart. July 1, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/forecasts/1435319/average-revenue-per-unit-arpu-musical-instruments-toys-hobby-market-canada
Statista Market Insights. (2024). Average revenue per unit (ARPU) in the musical instruments segment of the toys & hobby market Canada from 2019 to 2029. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/forecasts/1435319/average-revenue-per-unit-arpu-musical-instruments-toys-hobby-market-canada
Statista Market Insights. "Average Revenue per Unit (Arpu) in The Musical Instruments Segment of The Toys & Hobby Market Canada from 2019 to 2029." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/forecasts/1435319/average-revenue-per-unit-arpu-musical-instruments-toys-hobby-market-canada
Statista Market Insights, Average revenue per unit (ARPU) in the musical instruments segment of the toys & hobby market Canada from 2019 to 2029 Statista, https://www.statista.com/forecasts/1435319/average-revenue-per-unit-arpu-musical-instruments-toys-hobby-market-canada (last visited November 03, 2024)
Average revenue per unit (ARPU) in the musical instruments segment of the toys & hobby market Canada from 2019 to 2029 [Graph], Statista Market Insights, July 1, 2024. [Online]. Available: https://www.statista.com/forecasts/1435319/average-revenue-per-unit-arpu-musical-instruments-toys-hobby-market-canada