Percussion Market to reach $2B by 2020?
According to Technavio’s latest report, the global percussion instruments market is set to reach almost USD 2 billion by 2020. The market is expecting slow growth because of the high cost involved in manufacturing instruments and the instrument’s long replacement cycle.
Technavio’s report highlights the top vendors in the market, which include Gretsch Drums, Ludwig Drums, Remo Drum Heads, Roland, and Yamaha. Gretsch Drums, Ludwig Drums, and Remo Drum Heads are headquartered in the US, whereas Roland and Yamaha are headquartered in Japan…The other prominent vendors in the market include Alesis, Ashton Music, Corder Drum, Drum Workshop, Hoshino Gakki, Jupiter Band Instruments, Pearl Musical Instrument, Majestic Percussion, Meinl Percussion, and Walberg and Auge.