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A key factor driving the market’s growth is the increasing popularity of live musical performances and concerts. The willingness to attend live music events instead of solely listening to music releases and recorded music and watching broadcasts on television at home is increasing. In 2016, the UK witnessed a 12% increase in the audiences in live music events when compared with 2015. This market research report on the global musical instruments market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing In this report, Technavio highlights the rising popularity of online stores as one of the key emerging trends in the global musical instruments market: Global musical instruments market: Rising popularity of online stores Over the last few years, the popularity of online retail has increased significantly. Many brick and mortar sellers have adopted online platforms to tap the increasing demand for their products. Musical instrument vendors can target their customers through online retailing because of the advantages of convenience and cost-effectiveness. “Easy accessibility and the increasing preference of consumers to buy the instruments through online channels are likely to increase the online sales of musical instruments.
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