Musical Instruments Market by Type (Stringed, Brass & Woodwind, Percussion, and Keyboard) and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2021-2030

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The growing number of music enthusiasts is expected to drive demand for musical instruments. The customers of this market are primarily hobbyists. This category includes students, parents of students, recreational players, and aspiring professionals.

Children who begin learning musical instruments at a young age are more likely to develop an interest in music later in life. This attraction leads such users to pursue a career in music. Increase in these customers is expected to increase demand for musical instruments.

The education sector is the significant consumer of musical instruments. This is attributed to the fact that music courses are being offered as part of the curriculum in schools and institutions to encourage students to pursue a career in music. Many universities provide graduate and post-graduate music studies, such as jazz studies and film scoring. Many companies operating in this market have taken various initiatives for promoting musical instruments among consumers. Such initiatives are expected to boost the overall growth of the music industry, thereby propelling the growth of the musical instruments market.

Professional musicians who have been in the industry for a long time prefer to learn various instruments as a hobby in their free time. As a result, they have a large number of instruments for personal use. Furthermore, such customers are less price-sensitive and prefer high-quality products that necessitate regular maintenance, which is expected to contribute toward the market growth in the coming years.