A string is the vibrating element that produces sound in string instruments such as the guitar. The quality of the materials, the gauge of the strings, the winding methods, and special coatings all influence the sound and performance of a guitar.

Market Analysis and Insights: Global Guitar Strings Market

Due to the COVID-19 pandemic, the global Guitar Strings market size is estimated to be worth US$ 773.5 million in 2022 and is forecast to a readjusted size of US$ 1007.4 million by 2029 with a CAGR of 3.8% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Light accounting for % of the Guitar Strings global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Electric Guitar Strings segment is altered to an % CAGR throughout this forecast period.

Therefore, market share concentration is relatively low. The two largest operators account for about 23% of total industry revenue. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures. It’s still Ernie Ball and probably D’Addario that are the market leaders in string sales, with Martin, Fender and Gibson following closely behind and companies like GHS, Elixir, Rotosound, DR Strings, Dean Markley, Everly, Augustine and Dunlop all contributing to the numbers.

Global Guitar Strings Scope and Market Size

The global Guitar Strings market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Guitar Strings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.


Segment by Type


Light

Custom Light

Extra Light

Others


Segment by Application


Electric Guitar Strings

Acoustic Guitar Strings

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


D'Addario

Ernie Ball

Martin

Fender

Gibson

GHS

Elixir

Rotosound

DR Strings

Dean Markley

Everly

Augustine

Dunlop