What is Wall Guitar Hangers Market?
Wall guitar hanger is basically used to blend into the wall. Due to guitars hanger, it appears like floating in the wall. The major benefit of hanging guitar is easily accessible of the hanger, self-locking wall hanger, also helps as a reminder to pick it up and play guitar and other benefits. Increase in the disposable income of consumers, availability of free learning materials on the web, among others are some of the major factors which affect the growth of the wall guitar hanger market in future.
The market study is being classified by Type (Hook Holder Wall Mount Guitar Hanger, Multi-Wall Guitar Hanger, Wall Rectangle Guitar Hanger, Guitar Stands & Wall Hangers and Others), by Application (Professional Player, Intermediate Player and Beginner Player) and major geographies with country level break-up.
String Swing (United States), Ultimate Support Systems, Inc. (United States), Planet Waves (South Korea), Martin (United States), On-Stage Stands (Austria), Gator Frameworks (United States), Fender Musical Instruments Corporation (United States), Gibson Brands, Inc. (United States), Karl Höfner GmbH & Co. KG (Germany) and PRS Guitars (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Yamaha Motor Company Limited (United States) and Wuxi Gleam Musical Instrument Technology Co., LTD. (China).
The wall guitar hanger market is highly fragmented with several major players such as String Swing (United States), Ultimate Support Systems, Inc. (United States), Planet Waves (South Korea), among others. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wall Guitar Hangers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wall Guitar Hangers market by Type, Application and Region.
On the basis of geography, the market of Wall Guitar Hangers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of Concerts and Live Performances across the world
- Rapidly Changing Lifestyle among Teenager and High Standard of living globally
Market Trend
- One of the latest trends in this Market is Increasing Introduction of New Musical Products
Restraints
- Issue related to Growing adoption of Free Musical Instruments Apps
Opportunities
- High Demand for Guitars in Developing Countries such as China and India
Challenges
- The problem regarding lack of Awareness of Wall Guitar Hanger
According to an article published by Consumer News and Business Channel (CNBC) news, guitar makers hit hard by new regulations on prized rosewood. There are new trade rules when shipping instruments that contain rosewood. In addition, in 2017, according to the guitar makers have also complained about long delays in getting permits to import rosewood as well as export finished instruments that contain it. Moreover, it is also found that Acoustic guitar exports from the United States have fallen by 28%, while electric guitar exports declined by 23%. Hence, it will acts as a hamper for the wall guitar hanger market in future.
Key Target Audience
Component Manufacturers and Distributors, Row Material Providers, End-User Verticals, Analysts and Strategic Business Planners, Research Organizations and Others