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Leading countries in terms of music product sales revenue worldwide in 2016 (in million U.S. dollars)*

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Countries with the largest music product sales revenue worldwide 2016 The statistic shows the countries with the largest music product revenues worldwide by country in 2016. The total sales revenue of music products in the U.S. was 7.41 billion U.S. dollars in 2016.
The music product market - additional information

The music product market consists of equipment that either creates or facilitates the creation or recording of music. It is a very extensive market with products including musical instruments, tuners, recording devices, electronic instruments, sheet music, music stands, amplifiers, sound mixers and much more. In 2015, the United States was the largest market for music product purchases; with over quadruple the sales of Japan, the world’s second largest market. In the same year, the United States was also the leading country in terms of spend per capita on music products, closely followed its North American neighbor Canada.

Although the United States is the largest country in terms of global music product sales, Japan is home to the largest music product company in terms of revenue, Yamaha Corporation. Founded in 1887 as a piano and reed organ manufacture, today Yamaha Corporation primarily makes musical instruments, electronic devices and audio equipment. The company also used to be involved in the production of motors until 1955 when the Yamaha Motor Company established itself as an individual company.

The second largest company in the world is the American company Gibson Brands Inc. The company was founded in 1902, and today is headquartered in Nashville, Tennessee. The brand is well-known for its guitars which include acoustic and electric among other string instruments. In 2014, Gibson ranked as the second largest music product company in terms of number of employees worldwide, once again behind Yamaha.
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Description Source More information
The statistic shows the countries with the largest music product revenues worldwide by country in 2016. The total sales revenue of music products in the U.S. was 7.41 billion U.S. dollars in 2016.
The music product market - additional information

The music product market consists of equipment that either creates or facilitates the creation or recording of music. It is a very extensive market with products including musical instruments, tuners, recording devices, electronic instruments, sheet music, music stands, amplifiers, sound mixers and much more. In 2015, the United States was the largest market for music product purchases; with over quadruple the sales of Japan, the world’s second largest market. In the same year, the United States was also the leading country in terms of spend per capita on music products, closely followed its North American neighbor Canada.

Although the United States is the largest country in terms of global music product sales, Japan is home to the largest music product company in terms of revenue, Yamaha Corporation. Founded in 1887 as a piano and reed organ manufacture, today Yamaha Corporation primarily makes musical instruments, electronic devices and audio equipment. The company also used to be involved in the production of motors until 1955 when the Yamaha Motor Company established itself as an individual company.

The second largest company in the world is the American company Gibson Brands Inc. The company was founded in 1902, and today is headquartered in Nashville, Tennessee. The brand is well-known for its guitars which include acoustic and electric among other string instruments. In 2014, Gibson ranked as the second largest music product company in terms of number of employees worldwide, once again behind Yamaha.
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Release date
December 2017
Region
Worldwide
Survey time period
2016
Supplementary notes
* Music products includes musical instruments, music accessories, sheet music, electronic music products and other equipment used to create music.

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