Percussion Instruments Global Market Report 2024

The percussion instruments market size has grown steadily in recent years. It will grow from $1.4 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 3%. The expansion witnessed during the historical period can be attributed to several factors, including environmental concerns prompting interest in sustainable practices, economic factors impacting consumer behavior, celebrity endorsements boosting visibility and popularity, investments in education and training fostering skill development, globalization facilitating wider access to musical resources, evolving music trends shaping preferences, and cultural influences enriching musical diversity.

The percussion instruments market size is expected to see steady growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The anticipated growth in the forecast period can be attributed to several factors, including demographic shifts, cross-cultural exchange fostering musical diversity, the enduring impact of cultural influences, increasing concerns about sustainability, the pervasive influence of social media, and the effectiveness of influencer marketing strategies. Key trends expected during this period encompass the integration of smart features into percussion instruments, the expansion of world percussion instruments into new markets, a focus on portability and convenience in instrument design, the rising popularity of hybrid percussion setups combining traditional and electronic elements, and the continued growth of electronic percussion instruments in the musical landscape.

The surge in live concerts is poised to drive the expansion of the percussion instruments market in the coming years. Live concerts are live musical performances presented to an audience in real-time, often featuring one or more artists or bands performing songs from their repertoire. The increasing popularity of live concerts can be attributed to various factors including social interaction, artist engagement, visual elements, exclusivity, music discovery, and cultural significance. Percussion instruments play a vital role in live concerts by injecting rhythmic energy, enriching musical performances with vibrant beats and captivating rhythms. For example, Live Nation Entertainment Inc. reported in February 2024 that the total number of live concert tickets exceeded 620 million, marking a 13% increase compared to 2022, with fee-bearing tickets rising by 17% to 329 million. Hence, the growing prevalence of live concerts is fueling the expansion of the percussion instrument market.

Key players in the percussion instruments market are concentrating on the development of innovative products to drive revenue growth. One such product is the Overture tambourine, which enhances musical compositions, arrangements, and performances. For instance, Black Swamp Percussion introduced the Overture Series in February 2023, comprising a tambourine (TDOV), castanet machine (OV-CM), and woodblocks (OV-WB). The Overture Series Tambourine features textured brass jingles for a vibrant sound and a Remo Renaissance Head that delivers clear tones. The Castanet Machine offers a unique model of castanets equipped with fiber castanets for excellent projection within ensembles, maintaining balance without overpowering. Crafted from rubberwood, the woodblocks provide a cost-effective alternative to maple and are available in three sizes.

In October 2022, Roland Corporation acquired Drum Workshop Inc. for $65 million, aiming to leverage the strengths of both companies in acoustic and electronic drums. This strategic move seeks to enhance product development, innovation, and market penetration. Drum Workshop Inc. is renowned for its percussion instruments and is based in the United States.

Major companies operating in the percussion instruments market are Yamaha Corporation, Guitar Center Inc, Roland Corporation, D'Addario & Company Inc, The Ludwig Drum Company, Conn-Selmer Inc, Gear4music Ltd, InMusic Brands Inc, Remo Inc, Pearl Musical Instrument Co, Mapex Drums, Vic Firth Inc, Gretsch Drums, Sabian Ltd, Meinl Percussion GmbH & Co. KG, Gibraltar Hardware, Premier Percussion Limited, K.H.S. Musical Instrument Co Ltd, Majestic Holland BV, Hoshino Gakki Seizo, Ashton Music Limited, Paiste Cymbals, Long & Mcquade Ltd, Avedis Zildjian Company.

North America was the largest region in the percussion instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the percussion instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the percussion instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Percussion instruments comprise a diverse array of musical instruments that generate sound through impact or striking of a surface, typically employing hands, fingers, sticks, mallets, or other implements. These instruments play an integral role in numerous musical traditions worldwide, contributing rhythm, texture, and dynamics to musical compositions.

The primary categories of percussion instruments include traditional and electronic variants. Traditional percussion instruments have a long history and are often crafted from materials such as wood or animal skin, producing sound through direct physical contact. Materials utilized in their construction encompass wood, metal, plastic, and others, and they are distributed through various channels including online and offline outlets. Percussion instruments find application across professional, amateur, and educational settings, catering to a diverse range of end-users such as individuals, bands, orchestras, and institutions.

The percussion instruments market research report is one of a series of new reports that provides percussion instruments market statistics, including percussion instruments industry global market size, regional shares, competitors with a percussion instruments market share, detailed percussion instruments market segments, market trends and opportunities, and any further data you may need to thrive in the percussion instruments industry. This percussion instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The percussion instruments market consists of sales of conga drums, djembe drums, bongo drums, and tambourines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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