The global percussion instruments market was valued at USD 1.1 billion in 2021 and is expected to expand at a CAGR of 5.4% from 2022 to 2030. The growing popularity of percussion instruments across genres such as rock, jazz, and pop has been a key factor driving market growth. Moreover, technological advancements in terms of product design and sound capabilities are further boosting the demand for percussion instruments.

In recent years, there has been a growing demand for digital and electronic percussion instruments, which are far superior to their acoustic counterparts in terms of sound quality, control, and portability. Digital and electronic percussion instruments are capable of producing a variety of sounds and are easier to store and transport than their acoustic counterparts. Furthermore, the emergence of the internet has made it easier to access a wider variety of percussion instruments, and some vendors are also offering online lessons.

The increasing popularity of music events, such as concerts and festivals, is also expected to support the market growth. With the growth in the music industry, the demand for professional percussion instruments has increased, as they are preferred over regular instruments. Furthermore, the increasing popularity of different music genres, including rock, jazz, and pop, is driving the demand for percussion instruments.

In addition, the increasing number of online music classes is likely to fuel the market growth in the coming years. This is especially true for digital and electronic percussion instruments, which are easier to store and transport than acoustic instruments. Moreover, vendors are offering a wide variety of percussion instruments online, which is further expected to drive the market.

Furthermore, the rising popularity of online music platforms, such as Apple Music and Spotify, is expected to support the growth of the market. The increasing popularity of these platforms is allowing users to access a wide variety of music genres and instruments, thus driving the demand for percussion instruments. In addition, the increasing trend of home music recording is expected to fuel the demand for percussion instruments.

The drums segment is expected to hold the largest market share of more than 25.0% in 2022. This is mainly attributed to the growing popularity of percussion instruments across the globe, particularly in emerging markets such as India, China, and Brazil, among others. Additionally, increasing demand for electronic drums in live music performances and recording studios is also boosting the segment growth. According to a survey conducted by the NAMM Foundation in 2018, the electronic drums and cymbals segment held the largest market share of over 40%.

The hand percussion segment is expected to expand at the fastest CAGR of 8.9% over the forecast period. This is due to the wide range of hand percussion instruments available in the market, such as tambourines, maracas, shakers, and castanets, among others. Furthermore, the increasing popularity of these instruments among professional percussionists, as well as in educational institutions, is also driving the market growth. Additionally, developments in the music industry, such as the rising popularity of EDM and hip-hop, are propelling the demand for hand percussion instruments.

The brick-and-mortar stores segment held the major share of over 50.4% in 2022. The growth of the segment is attributed to the consumer preference for purchasing percussion instruments from physical stores due to the availability of a wide range of products and an opportunity to test the instrument before making the purchase. Furthermore, the availability of expert advice from store personnel and discounts offered on musical instruments in physical stores are some of the factors driving the growth of the segment.

The online segment is anticipated to witness the fastest growth over the forecast period. The increasing penetration of the internet and the rising trend of online shopping have been instrumental in driving the growth of the segment. The e-commerce websites and mobile applications have been providing customers with a wide range of options to choose from, along with discounts and offers. In addition, online stores provide customers with the convenience of ordering the desired product from anywhere in the world and getting it delivered at their doorstep.

The hand percussion instruments segment accounted for the largest revenue share of 67.6% in the year 2022. The increasing demand for hand percussion instruments such as congas, bongos, djembes, and cajons is primarily attributed to their low cost and the ease of learning. Furthermore, the growing inclination towards instrument music among the young population is also driving the hand percussion instruments market. For instance, in April 2021, the popular musical instrument brand, Vibes, launched its new range of hand percussion instruments such as djembes, cajons, and bongos with improved sound quality.

The electronic percussion instruments segment is anticipated to expand at the highest CAGR of 8.3% over the forecast period. The increasing trend of electronic music among the youth and increasing disposable incomes are the primary drivers for the electronic percussion instruments market. Additionally, the growing popularity of genres such as EDM and hip-hop is also contributing to the growth of electronic percussion instruments. For instance, in 2021, Roland launched its new range of electronic percussion instruments such as SPD-SX sampler and V-Drum TD-17KVX.

Europe held the largest share of the percussion instruments market in 2022, owing to the presence of prominent manufacturers in the region. The presence of leading manufacturers such as Tama, Remo, and DW Drums in the European region drives the growth of the percussion instruments market. Moreover, the presence of a large number of orchestras and bands in the region is further expected to drive the growth of the percussion instruments market in Europe.

North America is expected to be the second-largest market for percussion instruments in the coming years. The growing trend of live music concerts in the region is expected to drive the growth of the market. Moreover, the presence of leading manufacturers in the region, such as Pearl, Yamaha, and Zildjian, is further expected to drive the growth of the percussion instruments market in the North American region.

In this part of the percussion instruments products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the percussion instruments products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenue for a percussion instruments products business comes from the sale of products, such as drums, cymbals, and other percussion instruments, as well as accessories such as sticks, mallets, and skins. Other sources of income include tuition fees for lessons and workshops, and the sale of merchandise.

Projecting Expenses
In this section, all the regular expenses related to keeping the percussion instruments products business running will be described. The list of operating expenses includes the cost of purchasing, storing and shipping the products, advertising and promotion, wages, insurance policies, utilities, maintenance and repairs, and other costs.

Some of the major companies operating in the percussion instruments market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Yamaha Corporation launched the DTX Series of electronic drum kits.

– In August 2022, Ludwig Drums launched the Signature Series of drum kits in collaboration with well-known drummers.

– In October 2022, Pearl Corporation launched the Reference Series of drum kits designed to provide superior sound quality.

Some of the prominent players in the percussion instruments market include:

– Yamaha Corporation
– Ludwig Drums
– Pearl Corporation
– Remo Inc.
– Zildjian
– Sabian
– Sonor Musikinstrumente
– Meinl Percussion
– Toca Percussion
– Evans Drumheads

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global percussion instruments products market based on product, distribution channel, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Drums
– Cymbals
– Hand Percussion Instruments
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Retail Stores
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Percussion Instruments?
[A]: Percussion instruments have the potential to provide a wide range of sound possibilities, from subtle background to powerful and energetic foreground. Percussion instruments are also very diverse in terms of materials used, from wood to metal to composite materials, allowing for a variety of textures, colors, and sounds.

[Q]: Who are the Key Players in the Percussion Instruments Market?
[A]: The key players in the percussion instruments market include Yamaha Corporation, Roland Corporation, Pearl Corporation, Meinl Percussion, and Korg Inc.

[Q]: What are the Factors Driving the Percussion Instruments Market?
[A]: Factors such as the increasing demand for musical instruments among professional and amateur musicians, growing popularity of world music, rising disposable income of consumers, and increasing focus on music education are driving the growth of the percussion instruments market.

[Q]: Which Region Offers the Largest Opportunity for Sales of Percussion Instruments?
[A]: North America is expected to be the largest market for percussion instruments due to the presence of a large number of professional and amateur musicians in the region.

[Q]: What are the Key Trends in the Percussion Instruments Market?
[A]: Some of the key trends in the percussion instruments market include the introduction of multi-functionality instruments, the emergence of digital percussion instruments, and the increased demand for recycled percussion instruments.