Global Percussion Instruments Market Ascends at a Healthy CAGR of 1.47%

Introduction

A percussion instrument is a musical instrument that produces sound by being struck or scraped by a beater, including beaters that are connected or enclosed, or rattles that are struck, scraped, or rubbed by hand, or struck against another such instrument.

The need for percussion instruments is being driven by the increasing propensity of music hobbyists to adopt percussion instruments, as well as the increasing demand from professionals as the number of musical events rises. Percussion instruments serve a crucial function by maintaining the song's beat and creating a unified sound with all other instruments. Early parental or school-based encouragement for the adoption of musical instruments has a good effect on musical instruments.

Market Dynamics

Growing interest among music enthusiasts due to growing social media

As one of the earliest instruments played, percussion instruments are regarded as the backbone of the music industry. Due to the widespread adoption of these instruments, they play an essential role in all musical genres, including jazz, pop, rock, and orchestral music. Timpani, snare drum, cymbals, triangle, tambourine, gongs, maracas, and celesta are some of the most well-known percussion instruments. The increase in the number of music students and the expanding interest of music aficionados as a result of the expansion of social media are driving the demand for percussion instruments. The increase in the number of musical events and live concerts encourages the younger population to pursue music, consequently increasing the demand for percussion instruments.

A complication of the instrument

Percussion is the most difficult section of an orchestral band due to the number of instruments percussionists play and the complexity of each instrument, even those that appear simple. These instruments are simple to play for recreational purposes. Therefore, greater technical knowledge of instruments is required to play these instruments, which may inhibit market growth in the future.

Rising demand from marching bands and military events

Marching bands' increasing demand for percussion instruments is offering chances for the industry to increase its sales. Increased usage of drums and other instruments during military activities such as marching bands is driving the growth of the global percussions market. In the near future, new product breakthroughs and technology advances by manufacturing companies will further stimulate market expansion.

Regional analysis of the global percussion instruments market

The market is split by region into North America, Europe, Asia-Pacific, and LAMEA.

North America dominated the percussion instruments market in 2021, accounting for 34.4 percent of total revenue. The segment is anticipated to grow at a rate of 0.9% between 2022 and 2030. It is anticipated that the presence of top-performing brands, strong purchasing power, the presence of a significant music business, a large number of persons who are music fans, and an increase in the number of live music performances will increase the demand for percussion instruments.

The Asia-Pacific market is projected to grow at a CAGR of 1.6% between 2022 and 2030. The rising music business and live concerts are predicted to improve the sales of percussion instruments in this region, along with an increased propensity for young children to embrace musical instruments.

Key Highlights

• The global percussion instruments market was valued at USD 1.48 billion in 2021 and is projected to reach USD 1.69 billion by 2030, registering a CAGR of 1.47% from 2022 to 2030.
• The professional segment dominated the market and accounted for the highest revenue share of over 65.0% in 2021.
• North America is dominated the global fluorescein angiography market
• The Asia Pacific market is estimated to witness a CAGR of 1.6% from 2022 to 2030

Competitive Players

Competitive players in the global percussion instruments market

• 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

Recent Developments

Recent Developments by key players

In 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

In 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. The joined forces are expected to support the advancement of excellence in arts through new product development and educational events under Conn-Selmer Marching brands.

Segmentation

The global percussion instruments market segmentation

By Type Outlook

• Traditional
• Electronic

By Application Outlook

• Professional
• Amateur
• Educational

By Regional Outlook

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Russia
• Italy

The Asia Pacific

• China
• Japan
• India

Central & South America

• Brazil
• Argentina

Middle East & Africa

• South Africa
• Saudi Arabia