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'Keyboard market to grow 3 per cent over next 4 years', says report

Daniel Gumble
'Keyboard market to grow 3 per cent over next 4 years', says report

The digital keyboard market is expected to experience global growth of three per cent over the four years, according to a new report from market analyst Technavio.

The modest prediction was made in the firm’s Global Digital Keyboard Market 2016-2020 report, citing the ‘high flexibility’ of digital keyboards as a key growth driver.

The growing number of live performances and concerts is also expected to precipitate market growth during the forecast period.

“The growing interest, passion, and love for music among the populace are expected to lead to the formation of a wide variety of musical bands, which is resulting in an increased number of concerts and live performances worldwide,” says the report. “Since many people attend such performances, the revenue generated by the artists and event organizers is high. This increase in the amount of revenue generated is envisaged to bolster growth in the digital keyboard market during the forecast period.”
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Furthermore, in no particular order, Technavio identified the top five digital keyboard market vendors as Casio, Korg, Kurzweil Music Systems, Roland and Yamaha.

For more information and to purchase the full report, click here.

Tags: Yamaha , Roland , korg , casio , kurzweil , keyboard , keyboards , Report , market data , technavio

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