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The Electric & Acoustic Guitar Strings Market - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

  • ID: 5509638
  • Report
  • December 2021
  • Region: Global
  • 110 Pages
  • Coherent Market Insights Pvt Ltd.
UP TO OFF until Jul 31st 2022

FEATURED COMPANIES

  • D’Addario & Co.
  • Dean Markley USA, Inc.
  • DR Handmade Strings
  • Ernie Ball Inc.
  • GHS Strings
  • Gibson Brands
Guitar strings can vibrate freely. Guitar strings are lengths of a flexible material that a musical instrument holds under tension controllably. Guitars typically have six strings with different thickness. Guitar string is the vibrating element.



Market Dynamics

Increasing sales of guitars across the world is expected to drive demand for electric & acoustic guitar strings over the forecast period. The increasing number of music festivals and live concerts at the global level is driving the sales of guitars. Participation of young generation in these concerts and festivals is promoting organization of music festivals and live concerts. For instance, according to a data published by SCI Maritime Training Institute (MTI), an integral part of The Shipping Corporation of India Ltd. (SCI) in 2019, the Rolling Loud music festival in Miami drew over 180,000 guests and nearly 200 million eager hip-hop fans in May 2018.
Various electric & acoustic manufacturers have been focusing on the development of innovative products related to the target market. The new guitar strings coupled with innovations in strings will allow for improved tone when playing high up the neck of the instrument. Additionally, the innovative guitar strings do not require any expensive changes to guitar players’ existing instruments.
Moreover, key players are focusing on various strategies such as regional expansion coupled with business expansion. For instance, in March 2020, D’Addario & Co., a manufacturer of strings for musical instruments, announced to commence direct distribution of its products to the Italian dealer network from June 2020. The company will provide a direct sales and marketing service to Italy from its office based in Lyon.

Key features of the study:

  • This report provides in-depth analysis of global electric & acoustic guitar strings market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global electric & acoustic guitar strings market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include D’Addario & Co., Fender Musical Instruments Corporation, Gibson Brands, Ernie Ball Inc., GHS Strings, C. F. Martin & Company Inc., Dunlop Manufacturing, Inc., Dean Markley USA, Inc., Kistron Co., Ltd., Rotosound Manufacturing Ltd., and DR Handmade Strings.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global electric & acoustic guitar strings market report caters to various stakeholders in this industry including investors, suppliers, electric & acoustic guitar strings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric & acoustic guitar strings market

Detailed Segmentation:


Global Electric & Acoustic Guitar Strings Market, By Product Type:

  • Light
  • Custom Light
  • Extra Light

Global Electric & Acoustic Guitar Strings Market, By Application:

  • Acoustic Guitar
  • Electric Guitar

Global Electric & Acoustic Guitar Strings Market, By Region:

  • North America
  • By Country
  • U.S.
  • Canada
  • Latin America
  • By Country:
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • By Country
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • By Country
  • China
  • India
  • Japan
  • ASEAN
  • South Korea
  • Australia
  • Rest of Asia Pacific
  • Middle East & Africa
Company Profiles
  • D’Addario & Co.*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Fender Musical Instruments Corporation
  • Gibson Brands
  • Ernie Ball Inc.
  • GHS Strings
  • C. F. Martin & Company Inc.
  • Dunlop Manufacturing, Inc.
  • Dean Markley USA, Inc.
  • Kistron Co., Ltd.
  • Rotosound Manufacturing Ltd.
  • DR Handmade Strings
Frequently Asked Questions about the Electric & Acoustic Guitar Strings Market

What is the estimated value of the Electric & Acoustic Guitar Strings Market?

The Electric & Acoustic Guitar Strings Market was estimated to be valued at US$483.4 Million in 2020.

What is the growth rate of the Electric & Acoustic Guitar Strings Market?

The growth rate of the Electric & Acoustic Guitar Strings Market is 3.7%, with an estimated value of US$645.7 Million by 2028.

What is the forecasted size of the Electric & Acoustic Guitar Strings Market?

The Electric & Acoustic Guitar Strings Market is estimated to be worth US$645.7 Million by 2028.

Who are the key companies in the Electric & Acoustic Guitar Strings Market?

Key companies in the Electric & Acoustic Guitar Strings Market include D’Addario & Co., Fender Musical Instruments Corporation, Gibson Brands, Ernie Ball Inc., GHS Strings, C. F. Martin & Company Inc., Dunlop Manufacturing, Inc., Dean Markley USA, Inc. and Rotosound Manufacturing Ltd..

FEATURED COMPANIES

  • D’Addario & Co.
  • Dean Markley USA, Inc.
  • DR Handmade Strings
  • Ernie Ball Inc.
  • GHS Strings
  • Gibson Brands

1. Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snippet, By Product Type
  • Market Snippet, By Application
  • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
  • Drivers
  • Restraints
  • PEST Analysis
  • PORTER’s Five Forces Analysis
  • Market Opportunities
  • Regulatory Scenario
  • Industry Trend
  • Mergers and Acquisitions

4. Global Electric & Acoustic Guitar Strings Market - Impact of Coronavirus (Covid-19) Pandemic
  • Overview
  • Factors Affecting Global Electric & Acoustic Guitar Strings Market – COVID-19
  • Impact Analysis

5. Global Electric & Acoustic Guitar Strings Market, By Product Type, 2017- 2028 (US$ Mn)
  • Introduction
  • Market Share Analysis, 2020, 2023 and 2028 (%)
  • Y-o-Y Growth Analysis, 2021 - 2028
  • Segment Trends
  • Light
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  • Custom Light
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  • Extra Light
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)

6. Global Electric & Acoustic Guitar Strings Market, By Application, 2017- 2028 (US$ Mn)
  • Introduction
  • Market Share Analysis, 2020, 2023 and 2028 (%)
  • Y-o-Y Growth Analysis, 2021 - 2028
  • Segment Trends
  • Acoustic Guitar
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  • Electric Guitar
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)

7. Global Electric & Acoustic Guitar Strings Market, By Region, 2017- 2028 (US$ Mn)
  • Introduction
  • Market Share Analysis, By Region, 2020, 2023, and 2028 (%)
  • Y-o-Y Growth Analysis, For Regions, 2021 - 2028
  • North America
  • Market Share Analysis, By Country, 2020, 2023, and 2028 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2028
  • Market Size and Forecast, By Product Type, 2021 - 2028 (US$ Mn)
  • Market Size and Forecast, By Application, 2021 - 2028 (US$ Mn)
  • Countries
  • U.S.
  • Canada
  • Latin America
  • Market Share Analysis, By Country, 2020, 2023, and 2028 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2028
  • Market Size and Forecast, By Product Type, 2021 - 2028 (US$ Mn)
  • Market Size and Forecast, By Application, 2021 - 2028 (US$ Mn)
  • Countries
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Market Share Analysis, By Country, 2020, 2023, and 2028 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2028
  • Market Size and Forecast, By Product Type, 2021 - 2028 (US$ Mn)
  • Market Size and Forecast, By Application, 2021 - 2028 (US$ Mn)
  • Countries
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Market Share Analysis, By Country, 2020, 2023, and 2028 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2028
  • Market Size and Forecast, By Product Type, 2021 - 2028 (US$ Mn)
  • Market Size and Forecast, By Application, 2021 - 2028 (US$ Mn)
  • Countries
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
  • Middle East & Africa
  • Market Share Analysis, By Sub-Region, 2020, 2023, and 2028 (%)
  • Y-o-Y Growth Analysis, By Sub-Region, 2021 - 2028
  • Market Size and Forecast, By Product Type, 2021 - 2028 (US$ Mn)
  • Market Size and Forecast, By Application, 2021 - 2028 (US$ Mn)
  • Sub Regions
  • Middle East
  • Africa

8. Competitive Landscape
  • Market Share Analysis
  • Company Profiles
  • D’Addario & Co.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Fender Musical Instruments Corporation
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Gibson Brands
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Ernie Ball Inc.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • GHS Strings
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • C. F. Martin & Company Inc.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Dunlop Manufacturing, Inc.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Dean Markley USA, Inc.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Kistron Co., Ltd.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Rotosound Manufacturing Ltd.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • DR Handmade Strings.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates

9. Section
  • References
  • Research Methodology
  • About us and Sales Contact
  • D’Addario & Co.
  • Fender Musical Instruments Corporation
  • Gibson Brands
  • Ernie Ball Inc.
  • GHS Strings
  • C. F. Martin & Company Inc.
  • Dunlop Manufacturing, Inc.
  • Dean Markley USA, Inc.
  • Kistron Co., Ltd.
  • Rotosound Manufacturing Ltd.
  • DR Handmade Strings