TechNavio recognizes the following companies as the key players in the Global Musical Instruments Market: Fender Musical Instruments Corp., Kawai Musical Instruments Manufacturing Co. Ltd., Roland Corp., and Yamaha Corp.
Commenting on the report, an analyst from TechNavio’s team said: “E-commerce is the industry wherein the buying and selling of products and services is over electronic mediums, such as the internet. The method of retail shopping is changing rapidly and consumers are increasingly using the internet to purchase a variety of goods which has led to numerous musical instruments companies providing their wide selection through the online space. Companies find the online shopping approach to be a convenient and cost-saving approach as it allows them to target consumers through the web rather than directly through other means. Some of the popular musical instruments websites include snapdeal.com, gibson.com, music123.com, and zzounds.com. The accessibility of instruments online and the preference to buy products online will increase during the forecast period with the increasing knowledge of the internet. Hence, the rise in online retailing will have a positive impact on the market during the forecast period. ”
According to the report, one of the key drivers of the market is the rising income of the consumers which is leading to high disposable incomes. Consumers can therefore afford to spend money on musical instruments.
Further, the report states that one of the key challenges being faced by the market is the rising costs of good-quality, branded musical instruments in the market. This often restricts consumers from purchasing these musical instruments as they do not consider it to be a very important product to possess.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-musical-instruments-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Musical Instruments Market 2012-2016
