What is Bowed String Instrument Market?
Bowed string instruments are the subcategory of string instruments which are played by a bow rubbing the strings. This rubbing of bow causes the vibration which is emitted as sound by instrument. The Arabic rabab is the earliest known bowed instrument, and the ancestor of all European bowed instruments, which includes the rebec, lyra and violin. There are four instruments in bowed string family that are violin, viola, the double bass, and cello. Among them, violin is the smallest and double bass is the largest in size.
The market study is being classified by Type (Violin, Viola, Cello and Other), by Application (Concerts, Orchestra and Others) and major geographies with country level break-up.
Kennedy Violins (United States), Pentacle (India), Ulf Eriksson (Denmark), Acurameister (India), Peter Zaret and Sons Violins (United States) and International Violin Company (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bowed String Instrument market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bowed String Instrument market by Type, Application and Region.
On the basis of geography, the market of Bowed String Instrument 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
- Increasing Popularity of Musical Instruments
- Increasing Musical Events is Fuelling the Market Growth
Market Trend
- Growing Popularity of Music Among Youth
Restraints
- High Costs Associated with the Instruments
Opportunities
- Increasing Disposable Income among the Users is Boosting the Market Growth
- Changing Lifestyle of People
Challenges
- Stiff Competition among the Major Players
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others