Music Synthesizers Market by Type (Electric Guitar, Electric Bass, Electric Keyboards, Electric Pianos, DJ Gear), Application (General Retailers, Online), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417806
  • Category: Consumer Goods
  • Pages: 229

The Global Music Synthesizers Market is expected to grow from USD 729.78 Million in 2019 to USD 998.29 Million by 2027, at a CAGR of 3.50% during the forecast period 2020-2027.

Synthesizer are electric signals or synths that are converted to sound using amplifiers and speakers. These synthesizers are used for the composition of electronic music and in live performance. The instrument used are generally played in conjunction with a keyboard. It can also be organized using musical instruments such as guitars, sequencers, drums, and fingerboards. For instance, the most popular synthesizer types can be analog, digital, modular, and virtual synthesizers. As there is a rise in the per capita income of people at present, now they can spend a big chunk of the amount on music concerts and live performances, these factors drive the growth of the global music synthesizer market. The young generation is more inclined towards learning music is another factor driving the market. Today the society has become much more educated and civilized and now realized the importance of sports and music, which will inculcate values in humans and makes a much better person, this has started musical class in better schools as a part of extracurricular activities also fuels the market growth. Moreover, as the market in developed regions is saturated and declining, a major chunk of the overall revenue will come from the developing regions. Technological innovation has played an important role in moderate demand for music synthesizers on a global level. The instruments, which include guitar, wind instruments, digital keyboards, pianos, and PA equipment, are put in local retailers, superstores, and chain stores. Online retailers will play a crucial role in generating new revenue channels.

The Music Synthesizers market has been segmented on the basis of type, application, and region. The type segment includes electric guitar, electric bass, electric keyboards, electric pianos, and DJ gear.  Electric Keyboard segment held the largest market share of 31.78% in 2019. The application segment includes general retailers and online. The online segment accounted for the highest market share of 63.45% in 2019. The market has been divided into North America, Europe, South America, MEA, APAC. North America accounted for the highest market share of 43.82% in 2019.

The market is fragmented into key players are Casio Computer Co., Ltd., Korg Inc, Focusrite PLC,  and Roland Corporation, among others.

This study forecasts revenue growth at global, regional, and country levels from 2012 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Music Synthesizers  Market Analysis And Forecast, By Type
    • Electric Guitar
    • Electric Bass
    • Electric Keyboards
    • Electric Pianos
    • DJ gear
  • Global Music Synthesizers  Market Analysis And Forecast, By Application
    • General Retailers
    • Online
  • Global Music Synthesizers  Market Analysis And Forecast, By Regional Analysis
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East and Africa

Chapter 1 Music Synthesizers Market Introduction
    1.1 Definition
    1.2 Taxonomy
    1.3 Research Scope
    1.4 Currency and Year consideration

Chapter 2 Executive Summary
    2.1 Key Findings by Major Segments
    2.2 Global Music Synthesizers Market Revenue by Segment

Chapter 3 Global Music Synthesizers Market Overview
    3.1 Music Synthesizers Market Dynamics
          3.1.1 Drivers
          3.1.2 Opportunities
          3.1.3 Restraints
          3.1.4 Challenges
    3.2 PESTLE Analysis
    3.3 Technological Advancement
    3.4 PORTER'S Five Forces Analysis
    3.5 History of Music Synthesizers

Chapter 4 Global Music Synthesizers Market Analysis And Forecast, By Type
    4.1 Global Music Synthesizers Market Analysis by Type: Introduction
    4.2 Market Size and Forecast by Region
          4.2.1 North America
          4.2.2 Europe
          4.2.3 Asia Pacific
          4.2.4 South America
          4.2.5 Middle East and Africa
    4.3 Electric Guitar
    4.4 Electric bass
    4.5 Electric Keyboards
    4.6 Electric Pianos
    4.7 DJ Gear

Chapter 5 Global Music Synthesizers Market Analysis And Forecast, By Application
    5.1 Global Music Synthesizers Market Analysis by Application: Introduction
    5.2 Market Size and Forecast by Region
          5.2.1 North America
          5.2.2 Europe
          5.2.3 Asia Pacific
          5.2.4 South America
          5.2.5 Middle East and Africa
    5.3 General Retailers
    5.4 Online

Chapter 6 Global Music Synthesizers Market Analysis And Forecast, By Regional Analysis
    6.1 Global Music Synthesizers Market Analysis and Forecast, By Region, 2012-2028, Revenue (USD Million) and CAGR, 2019-2028 (%)
    6.2 North America
          6.2.1 North America Music Synthesizers Market Analysis and Forecast, By Countries, 2012-2028, Revenue (USD Million) and CAGR, 2019-2028, (%)
          6.2.2 United States
          6.2.3 Canada
          6.2.4 Mexico
    6.3 Europe
          6.3.1 Europe Music Synthesizers Market Analysis and Forecast, By Countries, 2012-2028, Revenue (USD Million) and CAGR, 2019-2028, (%)
          6.3.2 Germany
          6.3.3 France
          6.3.4 UK
          6.3.5 Russia
          6.3.6 Italy
          6.3.7 Rest of Europe
    6.4 APAC
          6.4.1 APAC Music Synthesizers Market Analysis and Forecast, By Countries, 2012-2028, Revenue (USD Million) and CAGR, 2019-2028, (%)
          6.4.2 China
          6.4.3 Japan
          6.4.4 Korea
          6.4.1 India
          6.4.2 Southeast Asia
          6.4.3 Rest of Asia
    6.5 South America
          6.5.1 South America Music Synthesizers Market Analysis and Forecast, By Countries, 2012-2028, Revenue (USD Million) and CAGR, 2019-2028, (%)
          6.5.2 Brazil
          6.5.3 Argentina
          6.5.4 Rest of South America
    6.6 Middle East and Africa
          6.6.1 Middle East and Africa Music Synthesizers Market Analysis and Forecast, By Countries, 2012-2028, Revenue (USD Million) and CAGR, 2019-2028, (%)
          6.6.2 GCC
          6.6.3 South Africa
          6.6.4 Israel
          6.6.5 Rest of MEA

Chapter 7 Music Synthesizers Market Competitive Landscape, Market Share Analysis, and Company Profiles
    7.1 Market Share Analysis
    7.2 Casio Computer Co., Ltd.
          7.2.1 Company Overview
          7.2.2 Financial Highlights
          7.2.3 Representative Music Synthesizers Industry Product
          7.2.4 Recent Development
          7.2.5 SWOT Analysis
    7.3 Korg Inc.
          7.3.1 Company Overview
          7.3.2 Representative Music Synthesizers Industry Product
          7.3.3 Recent Development
          7.3.4 SWOT Analysis
    7.4 Focusrite PLC
          7.4.1 Company Overview
          7.4.2 Representative Music Synthesizers Industry Product
          7.4.3 Recent Development
          7.4.4 SWOT Analysis
    7.5 Roland Corporation
          7.5.1 Company Overview
          7.5.2 Representative Music Synthesizers Industry Product
          7.5.3 Recent Development
          7.5.4 SWOT Analysis

Chapter 8 Research Methodology and Assumptions
    8.1 Research Methodology
    8.2 FMR desk research
          8.2.1 FMR data synthesis
          8.2.2 Data validation and market feedback
          8.2.3 FMR data sources


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

Please fill the form below, to recieve the report sample


Our Clients

Some Facts about Fior Markets


Free Customization


Countries can be added on demand


Free yearly update on purchase of Multi/Corporate User License


Companies served till date

Customized Research Programme
Premium Customer Service

We serve our customers 24x7 for 365 days through calls, emails and live chat options.

Syndicated market research
Exceptional Market Report

Huge database of exceptional market reports bringing market intelligence to your fingertips.

Domain Specific Analytics
Secured Payment Options

SSL enabled, we offer you various secured payment options for risk free purchase.