Industry Background:
The Guitar is a very popular instrument which is commonly used by many musicians. It is classified as a six string instrument, and is very popular specifically the acoustic guitar, which is used to play different type of music. It is generally played with the left hand for the chords and right hand for plucking or strumming. Some consider the guitar is a type of chordophone, which is traditionally made from wood with nylon or steel strings and distinguished from other chordophones by its nature and tuning.
The Global Guitar market presents a comprehensive analysis of the Guitar market by product type (Acoustic Guitar, Electric Guitar, Classic Guitar and Others), by end-user/application (Professional and Amateur), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Gibson Brand Inc. (United States), Fender Musical Instruments Corporation (United States), C.F. Martin & Co (United States), Taylor Guitars (United States), Yamaha Guitar Group, Inc. (United States), Godin Guitar (Canada), Ibanez (Japan), Schecter Guitar Research Inc. (United States), Guangzhou Kapok Guitar Co., Ltd (China), CORT (South Korea) and ESP Guitars (United States).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Gibson Brand Inc. (United States), Fender Musical Instruments Corporation (United States), C.F. Martin & Co (United States), Taylor Guitars (United States), Yamaha Guitar Group, Inc. (United States), Godin Guitar (Canada), Ibanez (Japan), Schecter Guitar Research Inc. (United States), Guangzhou Kapok Guitar Co., Ltd (China), CORT (South Korea) and ESP Guitars (United States) |
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:
Increasing Introduction of New Musical Products
Market Growth Drivers:
Rising Number of Concerts and Live Performances across the World and Increasing Number Of Rock Bands
Challenges:
Increase in Use of Mobile Virtual Instruments Apps and High Manufacturing Cost of Electric Guitar
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
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Guitar industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Guitar, the Europe has emerged as a crucial market for several Guitar brands.
The Number of Strings, such as 12, is boosting the Guitar market and is anticipated to experience a steady growth during the forecast period.
The Wood Type, such as Spruce, is boosting the Guitar market and is anticipated to experience a steady growth during the forecast period.
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.
The regional segmentation covered in this report are:
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)