The guitar is a fretted musical instrument that usually has six strings. It is typically played with both hands by strumming or plucking the strings with either a guitar pick or the finger(s)/fingernails of one hand, while simultaneously fretting (pressing the strings against the frets) with the fingers of the other hand. The sound of the vibrating strings is projected either acoustically, by means of the hollow chamber of the guitar (for an acoustic guitar), or through an electrical amplifier and a speaker.
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.
Global Market Outline: Guitar Market
Acoustic guitars and electric guitars are the two segments in the global guitar market. Being less expensive and easier to learn, acoustic guitars have the higher market share. Also, the growing sales of classical guitars in developing countries such as Brazil, India, and Taiwan will be a major factor fueling the growth of this market segment.
The global Guitar market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
The key players covered in this study
Fender Musical Instruments
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In this study, the years considered to estimate the market size of Guitar are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2019
Forecast Year 2019 to 2025
Latest update on Guitar Market
Consumer goods are bought for consumption by the average consumer and are also acknowledged as final goods. They are the results of manufacturing and production, and what consumers consider to see on the store shelf. They are tangible goods, purchased for direct consumption in order to satisfy human needs. They are classified into convenience products, specialty products, shopping products, and unsought products. Of these, convenience products experience the maximum demand as they are bought regularly by the consumers.
Market segment by Type, the product can be split into
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
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Consumer products are companies are bombarded from all sides, with directives to become faster, leaner, nimbler, ﬂatter, and more agile. As new startups in the market boast agility and speed, consumer goods companies feel the pressure to compete. Transparency and sustainability are considered one of the trends reshaping the market. Transparency packaging will experience a thrust with clear bioplastic or biodegradable plastic and glass substituting petroleum-derived plastic packaging, which is considered environmentally troublesome. The recent boom in the e-commerce industry is likely to act as a game-changer for the entire industry across the globe. Consumer goods companies are who are highly focusing on multi-channel buying experiences, with a focus on online shopping will enjoy an advantage over the ones who chose not to adapt to transforming buyer behavior. For several companies, the starting of a new calendar is an ideal time to hit the reset button. They take lessons learned from over the previous years in order to rejuvenate stagnant and mature products with the latest formulations, while the launch of brand-new products.
The study objectives of this report are:
To study and analyze the global Guitar market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Guitar market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Guitar 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 with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Guitar 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.
Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
9 Southeast Asia
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst’s Viewpoints/Conclusions
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