Monday 6 August 2018

Guitar Strings market will reach 890 million US$ by 2025

This report studies the global Guitar Strings market status and forecast, categorizes the global Guitar Strings market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

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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.

The global Guitar Strings market is valued at 660 million US$ in 2017 and will reach 890 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2018-2025.

The major manufacturers covered in this report
  • D'Addario
  • Ernie Ball
  • Martin
  • Fender
  • Gibson
  • GHS
  • Elixir
  • Rorosound
  • DR Strings
  • Dean Markley
  • Everly
  • Augustine
  • Dunlop
By Application, the market can be split into
  • Electric Guitar Strings
  • Acoustic Guitar Strings

The study objectives of this report are:
  • To analyze and study the global Guitar Strings capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
  • Focuses on the key Guitar Strings manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
  • 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.
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