Dallas, TX -- (SBWIRE) -- 10/15/2013 -- E-commerce is the industry wherein the buying and selling of products and services is over electronic mediums, such as the internet. The method of retail shopping is changing rapidly and consumers are increasingly using the internet to purchase a variety of goods which has led to numerous musical instruments companies providing their wide selection through the online space. Companies find the online shopping approach to be a convenient and cost-saving approach as it allows them to target consumers through the web rather than directly through other means. Some of the popular musical instruments websites include snapdeal.com, gibson.com, music123.com, and zzounds.com. The accessibility of instruments online and the preference to buy products online will increase during the forecast period with the increasing knowledge of the internet. Hence, the rise in online retailing will have a positive impact on the market during the forecast period.
Analysts forecast the Global Musical Instruments market (http://www.reportsnreports.com/reports/268959-global-musical-instruments-market-2012-2016.html) to grow at a CAGR of 2.64 percent over the period 2012-2016.According to the report, one of the key drivers of the market is the rising income of the consumers which is leading to high disposable incomes. Consumers can therefore afford to spend money on musical instruments.
The report recognizes the following companies as the key players in the Global Musical Instruments Market: Fender Musical Instruments Corp., Kawai Musical Instruments Manufacturing Co. Ltd., Roland Corp., and Yamaha Corp.
The other vendors mentioned in this report are D''Addario & Company Inc., Gibson Guitar Corp., QRS Music Technologies Inc., Sennheiser electronic GmbH & Co. KG Shure Inc., and Steinway Musical Instruments Inc.
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Key questions answered in this report:
- What will the market size be in 2016 and what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?