Market Overview:
The global guqin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for guqin from various applications such as music teaching, performance, and others. Additionally, the growing popularity of guqin in North America, Latin America, Europe Asia Pacific and Middle East & Africa is also propelling the growth of this market. However, lack of skilled professionals is restraining the growth of this market to some extent.
Product Definition:
The guqin (Chinese: 古琴) is a plucked seven-stringed Chinese musical instrument with a history of more than two thousand years. The name "guqin" means "ancient zither".
Paulownia:
Paulownia is a plant that can grow up to 12 meters in height. The wood of this plant is very hard and durable, thus it's used for making furniture and musical instruments such as guqin or lute. It has been known to have healing properties; the powdered wood can be mixed with other herbs for making herbal tea which helps cure colds, sore throat & fever.
Chinese Fir:
The Chinese fir is a small tree that lives in the Pacific region. The female trees produce cones containing seeds and these seeds contain oil that can be used as an anti-inflammatory for curing skin diseases like eczema.
It also helps cure breathing problems such as asthma, bronchitis, and emphysema. It has been known to have healing properties against stomach ulcers, arthritis, gouty arthritis and lupus too.
Application Insights:
The performance application segment dominated the global guqin market in 2017. This can be attributed to the rising popularity of Chinese musical instruments around the world. The guqin is considered as a traditional Chinese instrument and has been used for centuries in various performances such as operas, ballets, concerts and other forms of entertainment. It is also played during weddings, funerals and other important occasions by orchestras or bands who perform Western classical music.
In addition, this musical instrument has become popular among modern composers who have incorporated it into their works to add authentic flavor to it without sounding repetitive or clichéd like some traditional orchestral sounds can sound like at times. Some well-known contemporary composers who have incorporated this ancient instrument into their compositions include Tan Dun (b.1947) and Li Xuan Feng (b Guo Qing).
Regional Analysis:
Asia Pacific dominated the global guqin market in terms of revenue with a share of over 60.0% in 2017. This is attributed to the large population and increasing awareness about traditional Chinese musical instruments, especially guqin, among millennials and Generation Z. The region has witnessed significant growth in recent years owing to increased interest from foreign tourists as well as growing popularity among young people for playing and learning music on guqin.
North America ranks second with a share of over 15.0% due to an increase in performances by famous musicians such as Jiaxing folk singer-songwriter Lu Hongyi who performed at Carnegie Hall, New York City along with other concerts across U.S., Canada, Europe, Australia etc.
Growth Factors:
- Increasing popularity of guqin music among the younger generation
- Rising demand for guqin from the film and television industry
- Growing number of guqin enthusiasts and experts
- Proliferation of online platforms dedicated to promoting guqin music and culture
- Increased government support for the preservation and promotion of traditional Chinese musical instruments
Scope Of The Report
Report Attributes
Report Details
Report Title
Guqin Market Research Report
By Type
Paulownia, Chinese Fir, Others
By Application
Music Teaching, Performance, Others
By Companies
Nanyan, Yufeng, Tianzhong, Tianyinfang, Juntianfang, Longren, Xiansheng, Dafeng, Yuyang, Nanyan
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Guqin Market Report Segments:
The global Guqin market is segmented on the basis of:
Types
Paulownia, Chinese Fir, 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
Music Teaching, Performance, Others
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:
- Nanyan
- Yufeng
- Tianzhong
- Tianyinfang
- Juntianfang
- Longren
- Xiansheng
- Dafeng
- Yuyang
- Nanyan
Highlights of The Guqin 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:
- Paulownia
- Chinese Fir
- Others
- By Application:
- Music Teaching
- Performance
- Others
- 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 Guqin 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?
Guqin is a Chinese zither.
Some of the major companies in the guqin market are Nanyan, Yufeng, Tianzhong, Tianyinfang, Juntianfang, Longren, Xiansheng, Dafeng, Yuyang, Nanyan.
The guqin 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 Guqin 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 Guqin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Guqin 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 Guqin 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 Guqin Market Size & Forecast, 2018-2028
4.5.1 Guqin Market Size and Y-o-Y Growth
4.5.2 Guqin Market Absolute $ Opportunity
Chapter 5 Global Guqin 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 Guqin Market Size Forecast by Type
5.2.1 Paulownia
5.2.2 Chinese Fir
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Guqin 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 Guqin Market Size Forecast by Applications
6.2.1 Music Teaching
6.2.2 Performance
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Guqin 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 Guqin 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 Guqin Analysis and Forecast
9.1 Introduction
9.2 North America Guqin 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 Guqin Market Size Forecast by Type
9.6.1 Paulownia
9.6.2 Chinese Fir
9.6.3 Others
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 Guqin Market Size Forecast by Applications
9.10.1 Music Teaching
9.10.2 Performance
9.10.3 Others
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 Guqin Analysis and Forecast
10.1 Introduction
10.2 Europe Guqin 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 Guqin Market Size Forecast by Type
10.6.1 Paulownia
10.6.2 Chinese Fir
10.6.3 Others
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 Guqin Market Size Forecast by Applications
10.10.1 Music Teaching
10.10.2 Performance
10.10.3 Others
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 Guqin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Guqin 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 Guqin Market Size Forecast by Type
11.6.1 Paulownia
11.6.2 Chinese Fir
11.6.3 Others
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 Guqin Market Size Forecast by Applications
11.10.1 Music Teaching
11.10.2 Performance
11.10.3 Others
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 Guqin Analysis and Forecast
12.1 Introduction
12.2 Latin America Guqin 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 Guqin Market Size Forecast by Type
12.6.1 Paulownia
12.6.2 Chinese Fir
12.6.3 Others
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 Guqin Market Size Forecast by Applications
12.10.1 Music Teaching
12.10.2 Performance
12.10.3 Others
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) Guqin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Guqin 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) Guqin Market Size Forecast by Type
13.6.1 Paulownia
13.6.2 Chinese Fir
13.6.3 Others
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) Guqin Market Size Forecast by Applications
13.10.1 Music Teaching
13.10.2 Performance
13.10.3 Others
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 Guqin Market: Competitive Dashboard
14.2 Global Guqin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nanyan
14.3.2 Yufeng
14.3.3 Tianzhong
14.3.4 Tianyinfang
14.3.5 Juntianfang
14.3.6 Longren
14.3.7 Xiansheng
14.3.8 Dafeng
14.3.9 Yuyang
14.3.10 Nanyan
