NEW YORK , Sept. 24, 2024 /PRNewswire/ -- The Global Music Synthesizers Market size is estimated to grow by USD 294.8 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 8.09% during the forecast period. Growth of global music industry is driving market growth, with a trend towards rising number of music festivals and live events However, rise in demand for substitute products poses a challenge.
Key market players include Alphabet Inc., Arturia, Audiotonix Ltd., CASIO Computer Co.
Ltd., Clavia Digital Musical Instruments AB, Crumar Instruments, Doepfer Musikelektronik GmbH, Elektron Music Machines Mav AB, Focusrite Plc, HDC Hyundai Development Co., Kemper GmbH, KORG Inc.
, Moog Music Inc., Music Tribe Global Brands Ltd., Roland Corp.
, Synthtopia, teenage engineering ab, The Music Alliance, Waldorf Music GmbH, and Yamaha Corp.. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Key Market Trends Fueling Growth The music synthesizers market has experienced growth due to the rising popularity of live events such as music festivals and concerts, particularly among millennials worldwide. With a large youth population and increasing disposable income, more individuals are spending on attending these events. This trend is expected to continue, as over 50% of the US population and a significant number in the UK attend music event.