Accordion Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0083324
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.31 |
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The Accordion Market size is estimated to grow at a CAGR of 5.62% between 2022 and 2032. The market size is forecast to increase by USD 1,234.56 million. The growth of the market depends on several factors, including the increasing popularity of music education, rising interest in cultural music, and the growing demand for portable musical instruments. Accordions are versatile musical instruments that produce sound by squeezing and expanding the bellows while pressing the keys or buttons. They are commonly used in various music genres, including folk, classical, and jazz, and are favored for their unique sound and portability.
Accordion Market Overview:
Drivers:
One of the key factors driving the accordion market growth is the increasing popularity of music education. With the growing recognition of the benefits of music education, there is a rising demand for musical instruments, including accordions, in schools, colleges, and music academies. Accordions are often included in music curriculums as they provide a hands-on learning experience and help develop musical skills such as coordination, rhythm, and ear training. The accessibility and affordability of accordions make them a popular choice for students and music enthusiasts alike.
Moreover, the rising interest in cultural music is also driving the market growth. Accordions are widely used in traditional and cultural music genres, preserving and promoting cultural heritage. They are integral to the music traditions of various regions, including Europe, South America, and Asia. The growing appreciation for cultural diversity and the desire to explore different musical styles have led to an increased demand for accordions, especially among musicians and enthusiasts interested in world music.
Trends:
A key trend shaping the accordion market is the integration of digital technology. Manufacturers are incorporating digital features such as MIDI compatibility, digital sound samples, and onboard effects into accordions, enhancing their versatility and expanding their musical capabilities. These digital accordions allow musicians to experiment with different sounds, create layered compositions, and connect to external devices for recording or live performances. The integration of digital technology has opened up new possibilities for accordion players and attracted a wider audience to the instrument.
Furthermore, there is a growing demand for portable accordions. Traditional accordions can be bulky and heavy, making them less convenient for musicians who need to travel or perform in various locations. As a result, manufacturers are developing compact and lightweight accordion models that offer the same sound quality and performance as their larger counterparts. These portable accordions are designed with ergonomic features and durable materials, making them easier to carry and play for extended periods. The demand for portable accordions is particularly high among touring musicians, street performers, and musicians who value mobility.
Restraints:
One of the key challenges hindering the accordion market growth is the perception of the instrument as old-fashioned or outdated. Accordions have a rich history and are often associated with traditional or folk music, which may limit their appeal to younger generations or those seeking more contemporary musical experiences. Overcoming this perception and showcasing the versatility and modern applications of accordions is crucial to expanding the market and attracting new players.
Accordion Market Segmentation By Application:
The folk music segment is estimated to witness significant growth during the forecast period. Accordions have long been associated with folk music traditions around the world, and their unique sound and expressive capabilities make them a popular choice among folk musicians. Accordions are used in various folk music genres, including Celtic, Cajun, and Balkan music, adding a distinct character to the music and creating an immersive experience for listeners. The increasing interest in folk music and the revival of traditional music styles are driving the demand for accordions in this segment.
The classical music segment is also expected to contribute to the market growth. Accordions are increasingly being recognized as legitimate instruments for classical music performances and compositions. Contemporary classical composers are incorporating accordions into their works, and accordionists are gaining recognition in the classical music community. The versatility of accordions, with their ability to produce a wide range of tones and dynamics, makes them suitable for interpreting classical compositions and exploring new musical possibilities.
Accordion Market Segmentation By Type:
The piano accordion segment is expected to dominate the market during the forecast period. Piano accordions feature a piano-style keyboard on one side and a set of buttons or bass keys on the other side. They offer a wide range of musical possibilities and are favored by musicians in various genres, including classical, jazz, and popular music. Piano accordions provide a familiar keyboard layout, making them accessible to musicians with piano or keyboard backgrounds. The versatility and expressive capabilities of piano accordions make them a popular choice for professional musicians and enthusiasts alike.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global accordion market during the forecast period. The region has a rich history of accordion music, particularly in genres such as Cajun, zydeco, and polka. The presence of renowned accordion players, music festivals, and cultural events further supports the market growth in North America. Additionally, the growing interest in world music and the popularity of accordion-driven genres contribute to the demand for accordions in this region.
Europe is also expected to witness substantial growth in the accordion market. The accordion has deep roots in European music traditions, with countries like Italy, France, and Germany having strong accordion cultures. The accordion is widely used in various European music genres, including tango, musette, and folk music. The presence of established accordion manufacturers, music schools, and a vibrant music scene drives the market in Europe.
Accordion Market Customer Landscape:
The accordion market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Accordion Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the accordion market include:
- Hohner Musikinstrumente GmbH & Co. KG
- Scandalli Accordions S.p.A.
- Pigini Accordions S.r.l.
- Excelsior Accordions
- Roland Corporation
- Pearl River Piano Group
- Zero Sette Accordions
- Brandoni& Sons Accordions
- Parrot Accordions
- Bugari Armando S.r.l.
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The accordion market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Folk Music
o Classical Music
o Popular Music
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Piano Accordion
o Button Accordion
o Chromatic Button Accordion
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Content
Chapter 1 About the Accordion Industry
1.1 Industry Definition and Types
1.1.1 Piano Accordion
1.1.2 Chromatic Accordion
1.1.3 Diatonic Accordions
1.1.1.4 Concertina Accordions
1.1.1.5 Electronic Accordions
1.1.1.6 MIDI Accordions
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Landscape
2.1 Accordion Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.3 China
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.4 India
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.2 World Accordion Market by Types
Piano Accordion
Chromatic Accordion
Diatonic Accordions
Concertina Accordions
Electronic Accordions
MIDI Accordions
2.3 World Accordion Market by Applications
Folk music
Classical music
2.4 World Accordion Market Analysis
2.4.1 World Accordion Market Revenue and Growth Rate 2014-2019
2.4.2 World Accordion Market Consumption and Growth rate 2014-2019
2.4.3 World Accordion Market Price Analysis 2014-2019
Chapter 3 World Accordion Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players
3.3 Major Production Market share by Regions in 2019, Through 2024
3.4 Major Revenue (M USD) Market share By Regions in 2019, Through 2024
Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2014-2019
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 Hohner
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Roland
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 J.Meister
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 Firston
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Goldencup
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.10 Rossetti
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World Accordion Market Forecast through 2024
9.1 World Accordion Demand by Regions Forecast through 2024
9.2 World Accordion Price(by Regions, Types, Applications)Analysis Forecast through 2024
9.3 World Accordion Revenue (M USD)(by Regions, Types, Applications) Forecast through 2024
9.4 World Accordion Market Analysis
9.4.1 World Accordion Market Revenue and Growth Rate 2014-2019
9.4.2 World Accordion Market Consumption and Growth rate 2014-2019
9.4.3 World Accordion Market Price Analysis 2014-2019
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Major Production Market share by Players 2019
Table Major Revenue (M USD) Market share by Players 2019
Table Production Market share by Major Regions in 2014-2019
Table Production Market share by Major Regions in 2019-2024
Table Revenue (M USD) Market share by Regions in 2014-2019
Table Revenue (M USD) Market share by Regions in 2019-2024
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2014-2019
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table Hohner Information List
Figure AccordionAccordion Picture, Specifications and Applications of Hohner
Table Accordion Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Hohner 2018-2019
Figure Accordion Sales Volume and World Market Share of Hohner 2018-2019
Table Roland Information List
Figure Accordion Picture, Specifications and Applications of Roland
Table Accordion Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Roland 2018-2019
Figure Accordion Sales Volume and World Market Share of Roland 2018-2019
Table J.Meister Information List
Figure Accordion Picture, Specifications and Applications of J.Meister
Table Accordion Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of J.Meister 2018-2019
Figure Accordion Sales Volume and World Market Share of J.Meister 2018-2019
Table Firston Information List
Figure Accordion Picture, Specifications and Applications of Firston
Table Accordion Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Firston 2018-2019
Figure Accordion Sales Volume and World Market Share of Firston 2018-2019
Table Goldencup Information List
Figure Accordion Picture, Specifications and Applications of Goldencup
Table Accordion Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Goldencup 2018-2019
Figure Accordion Sales Volume and World Market Share of Goldencup 2018-2019
Table Rossetti Information List
Figure Accordion Picture, Specifications and Applications of Rossetti
Table Accordion Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Rossetti 2018-2019
Figure Accordion Sales Volume and World Market Share of Rossetti 2018-2019
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Accordion (2019-2024)
Table World Price by Regions Forecast Analysis of Accordion (2019-2024)
Table World Price by Types Forecast Analysis of Accordion (2019-2024)
Table World Price by Applications Forecast Analysis of Accordion (2019-2024)
Table World Revenue (M USD) by Regions Forecast Analysis of Accordion (2019-2024)
Table World Revenue (M USD) by Types Forecast Analysis of Accordion (2019-2024)
Table World Revenue (M USD) by Applications Forecast Analysis of Accordion (2019-2024)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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