Global Guitar Straps Market Overview:
Whether playing a guitar sitting, standing, or some other unique and acrobatic position, a quality guitar strap can mean the difference between whether the guitar stays in place and flies into the crowd or hits the cold, hard ground. Attaching a decent guitar strap can also mean the difference between comfortable hours of play and debilitating shoulder or back pain that makes it less likely to pick up the guitar. Choosing a strap slightly wider can help distribute the weight of the guitar better across the body. So it's fair to say that a good guitar strap is an essential part of the kit for any discerning guitarist. As the most glamorous purchase, a guitar strap is arguably one of the most important for any player who will be spending a lot of time with their guitar. Modern guitar straps end up in a relatively small number of categories. The basic entry-level models are typically made of nylon or polyester and will likely have plastic buckles on them. These carriers are great for beginners because they are inexpensive, lightweight, and come in a variety of colors and designs. The upside, however, is that durability isn't necessarily what they're built for. Cheaper straps also tend to slide on the shoulder, which means that playing can sometimes become a secondary issue if the guitar is held steady.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancement in the Material Used for Guitar Straps and Increasing Popularity of Rugged and Leather Guitar Straps
Market Growth Drivers:
Rising Popularity of Guitar and Related Equipment Among Millennial, Rising Number of Concerts and Live Performances across the World, Increasing Number of Rock Bands and Growing Focus on Protecting Guitar from Scratch and Socks
Challenges:
Volatility in Raw Materials Prices
Restraints:
Availability of Substitute and High Cost of Premium Guitar Straps Products
Opportunities:
High Demand for Guitars in Emerging Countries Such As China and India, Introduction of Premium Guitar Straps at Reasonable Prices and Increasing Sales and Promotion of Guitar Straps Through Online Channel
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Gruv Gear (United States), Kyser (United States), Fender Musical Instruments Corporation (United States), Roland Corporation (Japan), ESP Guitars (United States), Hal Leonard Corporation (United States), DR Strings (United States), El Dorado (United States), Ernie Ball (United States), E.L.V.H. Inc. (United States), Jackson (United States), LM Products (United Kingdom), Daisy Rock Girl Guitars (United States), Gibson Brands, Inc. (United States), DiMarzio (United States), Gretsch Guitars (United States), Franklin Strap (United States) and D'Andrea (Italy). Additionally, following companies can also be profiled that are part of our coverage like Jodi Head (United States), D'Addario (United States) and Get'm Get'm (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Guitar Straps market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Guitar Straps market. Considering Market by Guitar Type, the sub-segment i.e. Electric Guitar will boost the Guitar Straps market.
Latest Market Insights:
On January 8, 2019, Fender's musical instruments corporation had announced the acquisition of the Bigsby brand. Through this acquisition Fender has enhanced its portfolio with the specialty brands. Bigsby has a wide range of instruments with advanced featured, which is offered by dozens of guitar manufacturers.
In June 2020, on the occasion of Gruv Gear’s 10th anniversary, company launched limited decade edition product exclusively on website. The product include FABRK guitar strap, Club Bag + Bento bundle and LYNK modular pedalboard. This launch helped company to expand its presence in guitar straps market
What Can be Explored with the Guitar Straps Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Guitar Straps Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Guitar Straps
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Guitar Straps market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Guitar Straps market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Guitar Straps Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-User.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.