Market Overview:
The global guitar tuning keys market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for guitars, especially electric guitars, across the globe. In addition, rising disposable income and growing interest in music are also contributing to the growth of this market. The global guitar tuning keys market is segmented on the basis of type into open, semi-closed and fully enclosed tuners. The open tuners segment is expected to hold a major share of the global guitar tuning keys market during the forecast period owing to their low cost and easy installation. However, semi-closed and fully enclosed tuners are expected to grow at a higher rate during the forecast period as they offer better performance than open tuners. On basis of application, folk guitars accounted for majority share in 2017 owing to their popularity among amateur musicians around thw world .Classical guiatrs are also witnessing high demand due its use by professional musicians for classical performances .Electric guiatrs are being increasingly used by rock bands ,thus driving thir demand globally .Thus ,the electric guitar segment is projectedto witness highest CAGRduring th eforecastperiod .Geographically ,the North American region dominates thee globa lguitar tuning keysm arket followedby Europeand Asia Pacificregion s.
Product Definition:
A guitar tuning key is a tool that helps a musician tune their guitar. It is used to tighten or loosen the strings on the instrument, in order to achieve the correct pitch. Guitar tuning keys come in different shapes and sizes, and can be made from a variety of materials, including metal, plastic and wood. They are an important part of any guitarist's equipment arsenal, as they allow for more accurate tuning of the instrument.
Open:
Open is a standard tuning key that has five or six strings. It's major use is in guitars, but it can be used with any instrument that uses string tunings. The Open C tuning key was created by accident and named so because of its open-ended range of pitch possibilities.
It has far more notes than the traditional E-flat Major or G-sharp Minor Pentatonic scales, which makes it an ideal choice for creating melodies.
Semi-closed:
Semi-closed means that the tuner has a fixed pitch but can be altered by changing the tuning pegs. It is different from an open tuning system where there are no restrictions on string length and any number of strings can be used to create a musical instrument.
The semi-closed or half closed system was most likely derived from military band instruments such as bugles and trumpets which had simple open tunings with restricted ranges.
Application Insights:
The folk guitar tuning keys market is expected to register a significant growth rate of 5.0% over the forecast period. The use of open tuning keys for folk guitars has been prevalent since the early 1900s and still continues as a popular choice among many musicians and bands across various genres including rock, pop, blues, jazz and country music. These semi-open tunings provide an easy approach to playing chords on a folk guitar while keeping its basic notes in tune.
Classical Guitar application segment accounted for more than 20% share in 2017 owing to wide usage of classical guitars in ensembles that perform old Spanish ballads or Renaissance pieces with acoustic violins, mandolins or harpsichords accompaniment tunes being played using fully enclosed tunings with no frets installed on the strings.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. This can be attributed to the presence of a large number of guitar players and instrument manufacturers. Europe is expected to witness significant growth over the forecast period owing to increasing demand for alternative musical instruments, along with growing interest among people towards music therapy. Asia Pacific is projected to register notable gains during the forecast period due to rising disposable income and improving standard of living resulting from economic development coupled with increased awareness regarding health & fitness activities amongst millennials.
Latin America region is expected witness substantial growth during 2018-2030 as many countries are adopting policies that support cultural diversity and originality through folkloreloristic practices such as dance, dress, food habits etc.
Growth Factors:
- Increasing demand for guitars in the music industry
- Rising popularity of rock and roll music
- Growing number of guitar players across the world
- Technological advancements in guitar tuning keys market
- Rising disposable income of people
Scope Of The Report
Report Attributes
Report Details
Report Title
Guitar Tuning Keys Market Research Report
By Type
Open, Semi-closed, Fully Enclosed
By Application
Folk Guitar, Classical Guitar, electric Guitar
By Companies
Kepma, Fender, Vangoa, Metallor, Mr.Power, Alice, Magic, Ruiz
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Guitar Tuning Keys Market Report Segments:
The global Guitar Tuning Keys market is segmented on the basis of:
Types
Open, Semi-closed, Fully Enclosed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Folk Guitar, Classical Guitar, electric Guitar
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kepma
- Fender
- Vangoa
- Metallor
- Mr.Power
- Alice
- Magic
- Ruiz
Highlights of The Guitar Tuning Keys Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open
- Semi-closed
- Fully Enclosed
- By Application:
- Folk Guitar
- Classical Guitar
- electric Guitar
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Guitar Tuning Keys Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
There are six guitar tuning keys: A, D, G, B, E and F. Each key corresponds to a specific string on the guitar. When you're tuning your guitar, you need to tune each string in turn using the corresponding tuning key.
Some of the key players operating in the guitar tuning keys market are Kepma, Fender, Vangoa, Metallor, Mr.Power, Alice, Magic, Ruiz.
The guitar tuning keys market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Guitar Tuning Keys Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Guitar Tuning Keys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Guitar Tuning Keys Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Guitar Tuning Keys Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Guitar Tuning Keys Market Size & Forecast, 2020-2028
4.5.1 Guitar Tuning Keys Market Size and Y-o-Y Growth
4.5.2 Guitar Tuning Keys Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Open
5.2.2 Semi-closed
5.2.3 Fully Enclosed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Folk Guitar
6.2.2 Classical Guitar
6.2.3 electric Guitar
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Guitar Tuning Keys Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Guitar Tuning Keys Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Open
9.6.2 Semi-closed
9.6.3 Fully Enclosed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Folk Guitar
9.10.2 Classical Guitar
9.10.3 electric Guitar
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Open
10.6.2 Semi-closed
10.6.3 Fully Enclosed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Folk Guitar
10.10.2 Classical Guitar
10.10.3 electric Guitar
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Open
11.6.2 Semi-closed
11.6.3 Fully Enclosed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Folk Guitar
11.10.2 Classical Guitar
11.10.3 electric Guitar
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Open
12.6.2 Semi-closed
12.6.3 Fully Enclosed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Folk Guitar
12.10.2 Classical Guitar
12.10.3 electric Guitar
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Open
13.6.2 Semi-closed
13.6.3 Fully Enclosed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Folk Guitar
13.10.2 Classical Guitar
13.10.3 electric Guitar
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Guitar Tuning Keys Market: Competitive Dashboard
14.2 Global Guitar Tuning Keys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kepma
14.3.2 Fender
14.3.3 Vangoa
14.3.4 Metallor
14.3.5 Mr.Power
14.3.6 Alice
14.3.7 Magic
14.3.8 Ruiz
