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Electronic Musical Instruments Market Report by Technavio Identifies the Growing demand for music-related leisure activities as a Major DriverNEW YORK, March 26, 2021 /PRNewswire/ -- The electronic musical instruments market report by Technavio forecasts USD 436.31 million growth during 2020-2024. Amid pandemic, the electronic musical instruments market is expected to register a YOY growth of 2.17% in 2021 and accelerate at a CAGR of almost 3% during the forecast period. The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across segments such as product (electric pianos and keyboards, string instruments, drums and percussion instruments, and others) and geography (North America, Europe, APAC, South America, and MEA). This report helps businesses create strategies to make the most of future growth opportunities. Grab a free sample report here: www.technavio.com/talk-to-us?report=IRTNTR41392 "The growing demand for music-related leisure activities will be crucial in driving the growth of the electronic musical instruments market. Also, the rising number of music festivals and live events will present significant opportunities for vendors during the forecast period", says an analyst at Technavio. Growing disposable incomes globally have increased consumer inclination toward leisure activities such as learning music, traveling, and sports. People from all age groups are involving more in music-related leisure activities such as playing guitar, piano, and keyboard. In addition, the rise in the number of live music shows is further motivating people to enroll in music classes and choose music as a career. All these factors are expected to result in a surge in the demand for electronic musical instruments during the forecast period. Develop Smart Strategies for Your Business: Get a Free Sample Report Electronic Musical Instruments Market: Segmentation Analysis Segmentation by Product:
Segmentation by Geography:
Electronic Musical Instruments Market: Major Vendors More Details: www.technavio.com/report/corporate-training-market-industry-analysis Related Reports on Consumer Discretionary Include: Global Guitar Market – Global guitar market is segmented by product (acoustic and electric) and geography (North America, Europe, APAC, South America, and MEA). About Technavio With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts View original content to download multimedia:http://www.prnewswire.com/news-releases/electronic-musical-instruments-market-report-by-technavio-identifies-the-growing-demand-for-music-related-leisure-activities-as-a-major-driver-301255540.html SOURCE Technavio |