Electronic & Electromechanical Musical Instruments - NAFTA
NAFTA- In 2024, the revenue in the Electronic & Electromechanical Musical Instruments market in NAFTA amounts to US$1.0bn.
- The market is projected to have an annual growth rate of 4.68% (CAGR 2024-2029).
- When comparing revenue on a global scale, it is noteworthy that China generates the highest revenue in this market segment, with US$2.3bn in 2024.
- In terms of per capita revenue, in 2024, each person in NAFTA contributes US$2.01 to the overall revenue in the Electronic & Electromechanical Musical Instruments market.
- The United States is experiencing a surge in demand for electronic musical instruments, with a focus on advanced features and digital connectivity.
Definition:
Electronic and electromechanical musical instruments are a type of musical instrument that produce sound through electronic or electromechanical means, rather than through vibration of a physical object. Examples of electronic instruments include synthesizers, drum machines, and samplers, while electromechanical instruments include electric pianos, organs, and guitars. These instruments are used in a variety of musical genres, including electronic, pop, and rock music. The market for electronic and electromechanical musical instruments is driven by factors such as the increasing popularity of home music production, growing interest in electronic music, and advancements in technology.
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 Roland, Yamaha, Korg, and Casio. 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.
In-Scope
- Music production devices, such as synthesizers, drum machines, sequencers, samplers, MIDI controllers and effects
- Digital pianos and electronic keyboards, such as stage pianos, home digital pianos, arranger keyboards, workstation keyboards
- Electronic drums, such as drum trigger pads and electronic drum kits
- Electronic wind instruments, such as Roland Aerophone
Out-Of-Scope
- Music production software and apps, such as Ableton Live, GarageBand and Serato DJ
- Accessories of musical instruments, such as cables, connectors, power adapters and batteries
- String instruments, such as electric guitars
