Market Overview:
The global classical guitar market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The classical guitar market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into plywood, noodle sheet and all orders. Plywood dominates the classical guitar market with a share of more than 50%. This can be attributed to its low price as compared to other types of guitars available in the market. Furthermore, plywood guitars are easy to repair in case any damage occurs and they are also lightweight which makes them ideal for travelling musicians. Noodle sheet classical guitars are gaining popularity due to their unique design and sound quality as compared to traditional plywood or all order classical guitars.
Product Definition:
Classical guitar is a type of acoustic guitar that has six strings and a traditional wooden body. It is often used in classical music, but it can also be used for other types of music.
Plywood:
Plywood is a thin layer of wood veneers, which are laminated together with adhesive. The grain of the wood is usually oriented in the ply to form an waterproof and stable surface. It can also be used as an alternative to solid timber for construction purposes. Plywood can be manufactured using species such as maple, oak, rosewood or cedar; it offers high strength and durability along with easy installation due to its adhesiveness.
Noodle Sheet:
Noodle sheet is a thin, flat piece of wood that is used in classical guitar to provide the instrument with more resonance. The material can be made from different types of wood such as cedar, rosewood or padauk and it has different thickness ranging from 1mm to 4mm.
The noodle sheet helps increase the overall sound volume of the guitar by around 15% when compared with a standard wooden board.
Application Insights:
Offline retail accounted for the largest revenue share of over 70% in 2017. The application of online sales is a recent trend and has gained significant traction since 2014. Over the past few years, many guitarists have started learning about guitars from their friends who play music or learn to play guitar on YouTube or Facebook pages. Such social media platforms are being used as a medium for spreading awareness regarding new chords, tabs and tutorials that can be followed online free of cost which eventually leads to an offline sale.
The other application segment includes applications such as instrument repair shops, luthiers and builders etc., who make use classical guitars by way of customization according to their requirements including neck profile/thickness, fingerboard radius etc., All these aspects considered Custom Shop Classical Guitars remains one of the most popular segments across all regions with high demand among players for customizing their existing instruments or buying new ones based on specific requirements they may have.
Regional Analysis:
North America dominated the global classical guitar market in 2017. The growth of this region can be attributed to the increasing popularity of live music and concerts. Furthermore, rising awareness regarding guitar playing as a hobby is expected to fuel product demand in North America over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to an increase in disposable income, coupled with growing interest among people towards western culture and music. Moreover, China has emerged as a major hub for guitars due to low manufacturing costs and availability of skilled workforce at convenient prices along with high demand from local players across all price categories.
Growth Factors:
- Increasing demand for classical guitar from the emerging countries
- Growing popularity of classical music among the youth
- Rising disposable income of the middle-class population
- Proliferation of online platforms for purchasing classical guitars
- Entry of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Classical Guitar Market Research Report
By Type
Plywood, Noodle Sheet, All Orders
By Application
Online Sales, Offline Retail
By Companies
Yamaha, Manuel Rodriguez Guitars, Martinez, Alhambra, Hambach, Gomera, Milestone Luthier Center, Guitarras Ramírez, Altamira, Famosa
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Classical Guitar Market Report Segments:
The global Classical Guitar market is segmented on the basis of:
Types
Plywood, Noodle Sheet, All Orders
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
Online Sales, Offline Retail
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:
- Yamaha
- Manuel Rodriguez Guitars
- Martinez
- Alhambra
- Hambach
- Gomera
- Milestone Luthier Center
- Guitarras Ramírez
- Altamira
- Famosa
Highlights of The Classical Guitar 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:
- Plywood
- Noodle Sheet
- All Orders
- By Application:
- Online Sales
- Offline Retail
- 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 Classical Guitar 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?
Classical guitar is a stringed instrument that originated in Spain and Portugal in the 16th century. It is typically played with a left hand using finger tips, and a right hand that plucks or strums the strings. Classical guitars are often used to play classical music, but they can also be used for other genres of music such as blues, rock, country and jazz.
Some of the major companies in the classical guitar market are Yamaha, Manuel Rodriguez Guitars, Martinez, Alhambra, Hambach, Gomera, Milestone Luthier Center, Guitarras Ramrez, Altamira, Famosa.
The classical guitar 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 Classical Guitar 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 Classical Guitar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Classical Guitar 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 Classical Guitar 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 Classical Guitar Market Size & Forecast, 2018-2028
4.5.1 Classical Guitar Market Size and Y-o-Y Growth
4.5.2 Classical Guitar Market Absolute $ Opportunity
Chapter 5 Global Classical Guitar 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 Classical Guitar Market Size Forecast by Type
5.2.1 Plywood
5.2.2 Noodle Sheet
5.2.3 All Orders
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Classical Guitar 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 Classical Guitar Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Classical Guitar 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 Classical Guitar 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 Classical Guitar Analysis and Forecast
9.1 Introduction
9.2 North America Classical Guitar 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 Classical Guitar Market Size Forecast by Type
9.6.1 Plywood
9.6.2 Noodle Sheet
9.6.3 All Orders
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 Classical Guitar Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Retail
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 Classical Guitar Analysis and Forecast
10.1 Introduction
10.2 Europe Classical Guitar 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 Classical Guitar Market Size Forecast by Type
10.6.1 Plywood
10.6.2 Noodle Sheet
10.6.3 All Orders
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 Classical Guitar Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Retail
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 Classical Guitar Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Classical Guitar 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 Classical Guitar Market Size Forecast by Type
11.6.1 Plywood
11.6.2 Noodle Sheet
11.6.3 All Orders
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 Classical Guitar Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Retail
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 Classical Guitar Analysis and Forecast
12.1 Introduction
12.2 Latin America Classical Guitar 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 Classical Guitar Market Size Forecast by Type
12.6.1 Plywood
12.6.2 Noodle Sheet
12.6.3 All Orders
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 Classical Guitar Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Retail
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) Classical Guitar Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Classical Guitar 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) Classical Guitar Market Size Forecast by Type
13.6.1 Plywood
13.6.2 Noodle Sheet
13.6.3 All Orders
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) Classical Guitar Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Retail
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 Classical Guitar Market: Competitive Dashboard
14.2 Global Classical Guitar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamaha
14.3.2 Manuel Rodriguez Guitars
14.3.3 Martinez
14.3.4 Alhambra
14.3.5 Hambach
14.3.6 Gomera
14.3.7 Milestone Luthier Center
14.3.8 Guitarras Ramírez
14.3.9 Altamira
14.3.10 Famosa
