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Global Guitar Strings Sales Market Report 2023
SKU ID : QYR-23271260 | Publishing Date : 24-Mar-2023 | No. of pages : 120
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
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
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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