Musical Instrument Market Outlook 2022 - 2026

Global Musical Instrument Trends in 2022

Musical Instrument is part of Consumer Goods and includes a number of sub-sectors such as Wind Instrument, Automatic Musical Instrument, String Instrument, Percussion Instrument and Keyboard Instrument. You may also be interested in Footwear, Toy And Game and Sporting Goods.

Global demand for musical instruments is set to reach $7.2 billion by 2026, growing at an average of 0.5% year-on-year. This is up from $7 billion in 2021 and an increase of 2.6% since 2017. The United States had the highest import of musical instruments in 2021, with $1.4 billion. Germany, China and Japan followed respectively. Pakistan saw an impressive growth of 35.9%, while Mongolia experienced a decline of 29.2% since 2017. Global supply of musical instruments is set to reach $6.3 billion by 2026, with an average growth of 0.2% year-on-year. This is up from $6.2 billion in 2021 and 1.9% since 2017. China remained the top exporter of musical instruments in 2021, with $1.7 billion. Germany, the United States and Japan followed respectively. Oman saw an impressive growth of 535.1%, while Bahrain experienced a decline of 46.6% since 2017.

Top 10 countries

In 2022 major markets in the Musical Instrument Industry were:

• United States
• Germany
• China
• Japan
• France
• Indonesia
• United Kingdom
• Canada
• South Korea
• Netherlands

Musical Instrument Market Data and Forecasts

Global Musical Instrument Statistics

• Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)
• Wind Musical Instrument Import 187 countries (Asia, Africa, Latin America...)
• Musical Instrument Accessory Import 184 countries (Asia, Latin America, Africa...)
• Online Retail Sales 49 countries (Europe, Northern Europe, Southern Europe...)
• Consumer Goods Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
• Wind Musical Instrument Export 144 countries (Latin America, Asia, Caribbean...)
• Musical Instrument Import 192 countries (Asia, Africa, Latin America...)
• Consumer Goods Export 191 countries (Asia, Latin America, Africa...)
• Percussion Musical Instrument Import 188 countries (Asia, Africa, Sub-Saharan Africa...)
• Musical Instrument Accessory Export 123 countries (Asia, Europe, Latin America...)

Global Musical Instrument Industry Database

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