Global Guitar Market 2017-2021

  • ID: 4143777
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • BC Rich Guitars
  • CF Martin
  • D'Addario
  • ESP
  • Gibson Brands
  • Ibanez
  • MORE
About Guitar

The rising number of concerts and live performances is a major driver for the growth of the global guitar market. The growing interest in music among the youth population has led to the formation of numerous musical bands that perform various types of music like blues, pop, rock, metal, and electronica. In addition, an increase in the disposable income of consumers is leading to a high demand for guitars in developing countries such as China and India. As a result of changing lifestyles and higher standards of living, individuals are motivated to spend on leisure activities such as music, which is likely to increase sales of musical instruments.

The analysts forecast the global guitar market to grow at a CAGR of 2.11% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global guitar market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of guitars.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Guitar Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Fender Musical Instruments
- Gibson Brands
- Karl Höfner
- PRS Guitars
- Yamaha

Other prominent vendors
- B.C. Rich Guitars
- C.F. Martin
- Carvin
- Cort
- D'Addario
- Dean Guitars
- ESP
- G&L Musical Instruments
- Godin
- Ibanez
- Rickenbacker
- Samick Musical Instruments
- Schecter Guitar Research
- Taylor

Market drivers
- Availability of free learning materials on web.
- For a full, detailed list, view the full report

Market challenges
- Growing adoption of free musical instruments apps.
- For a full, detailed list, view the full report

Market trends
- Increasing introduction of new musical products.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • BC Rich Guitars
  • CF Martin
  • D'Addario
  • ESP
  • Gibson Brands
  • Ibanez
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Product life cycle
  • Global guitar market
  • Five forces analysis
PART 06: Market segmentation by type
  • Global guitar market by type
  • Global guitar market by acoustic guitars
  • Global guitar market by electric guitars
PART 07: Buying criteria
  • Buying criteria for guitar
PART 08: Geographical segmentation
  • Global guitar market by geography
  • Guitar market in Americas
  • Guitar market in EMEA
  • Guitar market in APAC
PART 09: Market attractiveness
  • Market attractiveness by type
  • Market attractiveness by geography
PART 10: Key leading countries
  • US
  • Japan
  • China
PART 11: Decision framework

PART 12: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer categories
  • Market challenges
  • Impact of challenges on key customer category
PART 13: Market trends

PART 14: Vendor landscape
  • Competitive scenario
  • Key leading vendors
  • Other prominent vendors
PART 15: Appendix
  • List of abbreviation
List of Exhibits
Exhibit 01: Global guitar market: Overview
Exhibit 02: Product life cycle of guitars 2016 and 2021
Exhibit 03: Global guitar market 2016-2021 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global guitar market by type 2016-2021 (% revenue)
Exhibit 06: Global guitar market: Comparison by type 2016-2021 ($ billions)
Exhibit 07: Global guitar market: CAGR comparison by type 2016-2021 (% revenue)
Exhibit 08: Global guitar market by acoustic guitars 2016-2021 ($ billions)
Exhibit 09: Global guitar market by electric guitars 2016-2021 ($ billions)
Exhibit 10: Buying criteria for guitar
Exhibit 11: Global guitar market by geography 2016-2021 (% revenue)
Exhibit 12: Global guitar market: Comparison by geography 2016-2021 ($ billions)
Exhibit 13: Global guitar market: CAGR comparison by type 2016-2021 (% revenue)
Exhibit 14: Guitar market in Americas 2016-2021 ($ billions)
Exhibit 15: Guitar market in EMEA 2016-2021 ($ billions)
Exhibit 16: Guitar market in APAC 2016-2021 ($ billions)
Exhibit 17: Market attractiveness by type
Exhibit 18: Market attractiveness by geography
Exhibit 19: Guitar market in US 2016-2021 ($ billions)
Exhibit 20: Guitar market in Japan 2016-2021 ($ billions)
Exhibit 21: Guitar market in China 2016-2021 ($ billions)
Exhibit 22: Independent musicians and employed musicians 2005 and 2016
Exhibit 23: Impact of drivers
Exhibit 24: Percentage of population taking at least one music class during their lifetime 1985-2016
Exhibit 25: Impact of challenges
Exhibit 26: Other prominent vendors
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • BC Rich Guitars
  • CF Martin
  • D'Addario
  • ESP
  • Gibson Brands
  • Ibanez
  • MORE
New Report Released: – Global Guitar Market 2017-2021

The author of the report recognizes the following companies as the key players in the global guitar market: Fender Musical Instruments, Gibson Brands, Karl Höfner, PRS Guitars, and Yamaha.

Other Prominent Vendors in the market are: B.C. Rich Guitars, C.F. Martin, Carvin, Cort, D'Addario, Dean Guitars, ESP, G&L Musical Instruments, Godin, Ibanez, Rickenbacker, Samick Musical Instruments, Schecter Guitar Research, and Taylor.

Commenting on the report, an analyst from the research team said: “One trend in market is increasing growth of e-commerce. The rapid growth of e-commerce in the past 10 years in the electronics industry has helped guitar manufacturers to expand their business. With the increasing global sales and orders of guitars coming through e-commerce retailers, this channel has greatly contributed to the growth of the global guitar market. The e-commerce industry is expected to grow at a CAGR of nearly 20% during the forecast period.”

According to the report, one driver in market is growing number of concerts and live performances. The growing interest in music among the youth has led to the formation of numerous musical bands that perform various genres of music like blues, pop, rock, metal, and electronica. With the rising number of concerts globally, employment opportunities for bands and performers have also increased. The number of independent musicians globally has increased to six times during the period of 2005-2016. With the growth in the number of musical bands, the demand for technologically advanced guitars has increased. One of the major reasons for the growing popularity of concerts and live performances is that individuals can directly watch their favorite artists performing on stage.

Further, the report states that one challenge in market is rising manufacturing costs. The cost of raw materials such as metal and wood has increased significantly over the past few years. Governments in various countries have restricted the felling and trading of trees. This has led to the increase in guitar manufacturing expenses. Thus, vendors are compelled to sell them at a high price, where price-conscious buyers are priced out. Therefore, vendors use inexpensive substitutes to make guitars with low quality for end-users who prefer less expensive guitars. Consumers tend to adopt low-cost alternatives such as hired guitars and virtual guitar software because guitars are expensive.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Fender Musical Instruments
  • Gibson Brands
  • Karl Höfner
  • PRS Guitars
  • Yamaha
  • BC Rich Guitars
  • CF Martin
  • Carvin
  • Cort
  • D'Addario
  • Dean Guitars
  • ESP
  • G&L Musical Instruments
  • Godin
  • Ibanez
  • Rickenbacker
  • Samick Musical Instruments
  • Schecter Guitar Research
  • Taylor
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll