The global electric and acoustic guitar strings market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030. The electric guitar strings segment is expected to grow at a CAGR of 4.1% during the forecast period, while the acoustic guitar strings segment is expected to grow at a CAGR of 2%. The electric guitar strings segment is projected to be larger than the acoustic guitar strings segment in terms of revenue by 2030.
The light type accounted for more than 50% share in 2017 and it is projected that this share will increase over time due to its affordability and ease of use for beginners as well as professionals alike.
Some Of The Growth Factors Of This Market:
- The electric guitar is a stringed instrument that produces sound through the vibration of its strings when plucked or strummed with a guitar pick.
- The acoustic guitar is a stringed instrument that produces sound through the vibration of its strings when plucked or strummed by hand, typically with fingers or fingernails.
- Electric guitars are typically plugged into an amplifier and speaker cabinet to make them louder, which makes them easier to hear in large venues such as stadiums and outdoor music festivals.
- Acoustic guitars can be amplified electrically by using an acoustic guitar amplifier, but they do not need electricity to produce sound because they use the vibrations from their strings to create audible sounds in air without any electronic amplification at all.
- Electric guitars are often played in small clubs and bars where amplifiers are not available or would be too loud for the venue; acoustic guitars can also be used unplugged at smaller venues such as coffeehouses, churches, and intimate nightclubs.
Industry Growth Insights published a new data on “Electric & Acoustic Guitar Strings Market”. The research report is titled “Electric & Acoustic Guitar Strings Market research by Types (Light, Custom Light, Extra Light, Others), By Applications (Acoustic Guitars, Electric Guitars), By Players/Companies D'Addario, Ernie Ball, Martin, Fender, Gibson, GHS, Elixir, Rotosound, DR Strings, Dean Markley, Everly, Augustine, Dunlop”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric & Acoustic Guitar Strings Market Research Report
By Type
Light, Custom Light, Extra Light, Others
By Application
Acoustic Guitars, Electric Guitars
By Companies
D'Addario, Ernie Ball, Martin, Fender, Gibson, GHS, Elixir, Rotosound, DR Strings, Dean Markley, Everly, Augustine, Dunlop
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electric & Acoustic Guitar Strings Market Report Segments:
The global Electric & Acoustic Guitar Strings market is segmented on the basis of:
Types
Light, Custom Light, Extra Light, Others
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
Acoustic Guitars, Electric Guitars
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:
- D'Addario
- Ernie Ball
- Martin
- Fender
- Gibson
- GHS
- Elixir
- Rotosound
- DR Strings
- Dean Markley
- Everly
- Augustine
- Dunlop
Highlights of The Electric & Acoustic Guitar Strings 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:
- Light
- Custom Light
- Extra Light
- Others
- By Application:
- Acoustic Guitars
- Electric Guitars
- 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 Electric & Acoustic Guitar Strings 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?
Electric and acoustic guitar strings are made of metal wires that are plucked by the player's fingers. Acoustic guitar strings have a harder surface than electric guitar strings, which makes them sound louder and brighter when played.
Some of the major players in the electric & acoustic guitar strings market are D'Addario, Ernie Ball, Martin, Fender, Gibson, GHS, Elixir, Rotosound, DR Strings, Dean Markley, Everly, Augustine, Dunlop.
The electric & acoustic guitar strings market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric & Acoustic Guitar Strings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric & Acoustic Guitar Strings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric & Acoustic Guitar Strings Market - Supply Chain
4.5. Global Electric & Acoustic Guitar Strings Market Forecast
4.5.1. Electric & Acoustic Guitar Strings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric & Acoustic Guitar Strings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric & Acoustic Guitar Strings Market Absolute $ Opportunity
5. Global Electric & Acoustic Guitar Strings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Type
5.3.1. Light
5.3.2. Custom Light
5.3.3. Extra Light
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric & Acoustic Guitar Strings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Application
6.3.1. Acoustic Guitars
6.3.2. Electric Guitars
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric & Acoustic Guitar Strings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric & Acoustic Guitar Strings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric & Acoustic Guitar Strings Demand Share Forecast, 2019-2029
9. North America Electric & Acoustic Guitar Strings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Application
9.4.1. Acoustic Guitars
9.4.2. Electric Guitars
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Type
9.7.1. Light
9.7.2. Custom Light
9.7.3. Extra Light
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric & Acoustic Guitar Strings Demand Share Forecast, 2019-2029
10. Latin America Electric & Acoustic Guitar Strings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Application
10.4.1. Acoustic Guitars
10.4.2. Electric Guitars
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Type
10.7.1. Light
10.7.2. Custom Light
10.7.3. Extra Light
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric & Acoustic Guitar Strings Demand Share Forecast, 2019-2029
11. Europe Electric & Acoustic Guitar Strings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Application
11.4.1. Acoustic Guitars
11.4.2. Electric Guitars
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Type
11.7.1. Light
11.7.2. Custom Light
11.7.3. Extra Light
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric & Acoustic Guitar Strings Demand Share, 2019-2029
12. Asia Pacific Electric & Acoustic Guitar Strings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Application
12.4.1. Acoustic Guitars
12.4.2. Electric Guitars
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Type
12.7.1. Light
12.7.2. Custom Light
12.7.3. Extra Light
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric & Acoustic Guitar Strings Demand Share, 2019-2029
13. Middle East & Africa Electric & Acoustic Guitar Strings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric & Acoustic Guitar Strings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Application
13.4.1. Acoustic Guitars
13.4.2. Electric Guitars
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric & Acoustic Guitar Strings Market Size and Volume Forecast by Type
13.7.1. Light
13.7.2. Custom Light
13.7.3. Extra Light
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric & Acoustic Guitar Strings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Electric & Acoustic Guitar Strings Market: Market Share Analysis
14.2. Electric & Acoustic Guitar Strings Distributors and Customers
14.3. Electric & Acoustic Guitar Strings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. D'Addario
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ernie Ball
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Martin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fender
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gibson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GHS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elixir
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rotosound
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DR Strings
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dean Markley
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Everly
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Augustine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dunlop
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
