Musical Instruments Market Growth Guide 2025 – With Forecasts for Strategic Decisions
Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts What is the forecasted revenue size of the musical instruments industry by 2029? The musical instruments market size has grown steadily in recent years. It will grow from $14.72 billion in 2024 to $15.37 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in disposable income, an increase in the popularity of live musical performances, and a rise in the number of self-employed musicians. The musical instruments market size is expected to see strong growth in the next few years. It will grow to $19.18 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to growing e-commerce sales, rising urbanization, and rising penetration of social media platforms. Major trends in the fo...