Global Guitar Strings Market Growth 2019-2024

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.
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.
About 83% of acoustic guitarists players prefer light, custom light and extra Light. About 74% of electric guitarists prefer light, super light and custom Light.
Worldwide, Acoustic Guitars was the largest consumer of Guitar Strings, which is responsible for about 58.44 percent of Guitar Strings consumption in 2016. The remaining 41.56 percent was consumed for Underground and Collective Garages.

According to this study, over the next five years the Guitar Strings market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 820 million by 2024, from US$ 660 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Guitar Strings business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Guitar Strings market by product type, application, key manufacturers and key regions and countries.

This study considers the Guitar Strings value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Light
Custom Light
Extra Light
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Electric Guitar Strings
Acoustic Guitar Strings

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
D'Addario
Ernie Ball
Martin
Fender
Gibson
GHS
Elixir
Rorosound
DR Strings
Dean Markley
Everly
Augustine
Dunlop

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Guitar Strings consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Guitar Strings market by identifying its various subsegments.
Focuses on the key global Guitar Strings manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Guitar Strings with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Guitar Strings submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.