The accordion musical instrument market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Accordions are a family of bellows-driven free-reed aerophones, often known as squeezeboxes, that are box-shaped musical instruments. An accordionist is someone who plays the accordion. Compressing or expanding the bellows while pressing buttons or keys causes pallets to open, allowing air to travel over strips of brass or steel called reeds. These vibrate inside the body to make sounds. To make the instrument’s reeds sound louder without air leaking from each reed block, valves on opposing reeds of each note are employed. The melody is usually played on the right-hand manual through buttons or keys, while the accompaniment is played on the left-hand manual using bass and pre-set chord buttons. The major factor driving the growth of the market includes the increasing demand for folk and classical music globally.
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2021, a Slovenian firm under commercial agency arrangement offered innovative patented electronic gadgets for accordions to live replicate the sound of the duet, trio, quintet, or ensemble. A small Slovenian company develops, manufactures, and installs high-quality technical audio equipment – electronic systems with patented solutions for all types of accordions that allow users to play hundreds of instrument sounds live solo without having to prepare recordings or playbacks beforehand. Amateurs, semi-professionals, and professionals may all benefit from the items. Under a commercial agency agreement, the business is searching for partners to commercialize the goods in the music industry.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Hohner Musikinstrumente GmbH & Co. KG, Roland Corp., J.Meister, Firston, and D’LUCA Musical Instruments, among others.
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Global Accordion Musical Instrument Market Report by Segment
By Type
- Piano Accordion
- Chromatic Accordion
- Diatonic Accordions
- Concertina Accordions
- Electronic Accordions
- MIDI Accordions
By Application
- Folk music
- Classical Music
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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