Global Musical Instruments Market 2015 Report

New York, NY (Top40 Charts) Research and Markets has announced the addition of the "Global Musical Instruments Market 2015-2019" report to their offering.
With the advances in web technology, numerous online and tutorial sites such as Justinguitar.com and YouTube.com help consumers learn to play various musical instruments by taking guidance from videos, reference articles, and other teaching methodologies available on these sites. This has simplified the learning process for consumers who are unable to join musical classes because of difficult work schedules. Also, people who cannot afford to pay the high fees of traditional music classes can learn online for free or for minimal fees. Therefore, the availability of learning materials online will encourage consumers to buy musical instruments, which is expected to contribute to the market growth during the forecast period.

According to the report, the global musical instruments market to grow at a CAGR of 1.89% over the period 2014-2019. The increasing number of musical bands has increased the demand for various types of high-tech and high-priced instruments from performers and companies organizing the concerts. Also, the fans of professional musicians and artists are showing interest in buying guitars and other related musical instruments. Therefore, the increase in the number of concerts, bands, and live performances has contributed to the popularity of musical instruments, which is supporting the market growth.
Further, the report states that the increase in purchases of modern instruments is hindering the growth of the traditional musical instruments market.