About Acoustic Guitar
The acoustic guitar is a musical instrument, which projects sounds by vibrating strings through the air. This vibration carries through the air and not need any electrical amplification. These are built for great sound quality, high durability and growing ease of use. These are made up of different materials. Because of the growing music world, the demand for an acoustic guitar is growing at a higher rate. Acoustic guitars are generally the weapon of opted for most beginner guitarists. These are the most balanced guitar type in concepts of sound, playability. An acoustic guitar with a cutaway, provide access to the upper frets the acoustic guitar is great for practicing the basics – scales, chords, chord progressions, and riffs. Users can easily hear if any note went wrong and can correct their mistakes accordingly. In some cases acoustic guitars come with cutaways, providing the full range of “fretable” notes.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global acoustic guitar market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Acoustic Guitar market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Martin & Co., Inc. (United States), Taylor-Listug, Inc. (United States), Larrivee Guitars (United States), Lakewood Guitars (Germany), S.yairi Guitar (Japan), Fender Musical Instruments Corporation (United States), Gibson Brands, Inc. (United States), Ibanez Guitars (Japan), Paul Reed Smith Guitar (United States) and Santa Cruz (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ESP Guitars (United States), Cort Guitars (South Korea), B.C.RICH (United States), Yamaha (Japan) and Seagull (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Acoustic Guitar market by Type (Electric Acoustic Guitar and Non-Electric Acoustic Guitar), Application (Professional Player, Intermediate Player and Beginner Player) and Region.
On the basis of geography, the market of Acoustic Guitar 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). If we see Market by Guitar Size, the sub-segment i.e. 3/4 will boost the Acoustic Guitar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Number of Strings, the sub-segment i.e. 4 String will boost the Acoustic Guitar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Acacia will boost the Acoustic Guitar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
One of the Latest Trends in This Market Is Increasing Introduction of New Musical Products
Market Growth Drivers:
Rising Number of Concerts and Live Performances across the World, Rapidly Changing Lifestyle among Teenager and High Standard Of Living Globally and Rising Numbers of Musical Bands
Challenges:
The Problem Regarding Lack of Awareness of Wall Guitar Hanger
Restraints:
Issue Related To Growing Adoption of Free Musical Instruments Apps, High-Cost Associated With Electric Guitar Bridge Hampers the Market and Availability of Substitute
Opportunities:
High Demand for Guitars in Emerging Countries Such As China and India
Market Leaders and their expansionary development strategies
In Jan 2019, Fender's musical instruments corporation announced the acquisition of the Bigsby brand. Through this acquisition Fender enhance its portfolio with specialty brands. Bigsby has a wide range of instruments with advanced featured, which is offered by dozens of guitar manufacturers.
In Jun 2019, Yamaha revealed a new series of three acoustic-electric guitars known as Storia. This guitar feature as workmanship, solid tops, brass bridge pins, and Yamaha SRT passive under-saddle pickups, which offer a warm and natural sounding acoustic tone. Storia is a solid mahogany top with a semi-gloss finish and 3/16” beveled edge.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Acoustic Guitar Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.