What is Sitar Market?
Sitar, a stringed instrument of the lute family that is popular in northern India, Pakistan, and Bangladesh. Typically measuring about 1.2 meters (4 feet) in length, the sitar has a deep pear-shaped gourd body; a long, wide, hollow wooden neck; both front and side tuning pegs; and 20 arched movable frets. Its strings are metal; there are usually five melody strings, one or two drone strings used to accentuate the rhythm or pulse, and as many as 13 sympathetic strings beneath the frets in the neck that are tuned to the notes of the raga. Classical music has long been viewed by many as a rarified genre that stands apart from other forms of music.
The market study is being classified by Type (The Ravi Shankar Sitar, The Vilayat Khan Sitar and The Bass Sitar), by Application (Professional and Amateur) and major geographies with country level break-up.
Danelectro(United States), Electro-Harmonix (United States), Hal Leonard (United States), LaBella (United States), Rogue (United Kingdom), Hiren Roy & Sons (India), Galaxy Musical Corporation (India), K S Sitarmaker (India) and Monoj Kumar Sardar (India) are some of the key players profiled in the study.
Sitar market, offering a comprehensive analysis of current and future market conditions of key players. The market is fragmented due to the presence of many vendors. With the growing market competition, key vendors are expected to compete on new product developments by adopting new technologies Research Analyst at AMA predicts that India Vendors will contribute to the maximum growth of Global Sitar market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sitar market by Type, Application and Region.
On the basis of geography, the market of Sitar 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
- The rise in the number of music hobbyists is expected to propel the demand for this market
- This has increased the growth of the overall music industry, propelling the growth of the market.
Restraints
Opportunities
- Due to an increase in demand for classical music, sales of Sitar instruments are expected to rise significantly create opportunities of the growth in the market
Challenges
- High competition between the manufacturer
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Sitar Manufacturer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry