Market Overview:
String instruments are one of the oldest and most popular types of musical instruments in the world. Stringed instruments can be broadly classified into two categories: chordophones and aerophones. Chordophones are stringed instruments that produce sound when a string is plucked, while aerophones are wind instruments that produce sound when air is blown across a hole or opening. The global market for stringed musical Instruments was valued at US$ XX billion in 2017 and is expected to grow at a CAGR of X% during 2018-2030 to reach US$XX billion by 2030. The global market for stringed musical Instruments has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into guitars, violins and others (including cellos, double basses etc.). On the basis of application, the market has been segmented into personal use and commercial use. cafésetc.
Product Definition:
Musical Instruments - String is an instrument that produces sound by vibrating strings.
Guitar:
Guitar is musical instrument that is played using fingers or a guitar pick. It generally has six strings and can be played in a wide range of keys. The basic design and construction of guitars have remained largely the same for hundreds of years, however, new materials are being incorporated to increase its durability and improve its tone.
The global market for Guitar was valued at USD 3,685 million in 2015 owing to growing demand from developing countries including China, India, Brazil.
Violins:
The violin is a musical instrument played by pushing or plucking the strings with the bow. It is a member of the family of instruments called “ bowed string instruments”. Other members of this family include viola, cello and double bass. The modern day version has four strings (in addition to an extra E string) that are tuned in fifths like most other guitars, keyboards, and drums; i.e.
Application Insights:
The personal use segment held the largest share of more than 70.0% in 2017. The growth is attributed to increasing demand for guitars, keyboards, drums and other musical instruments among consumers across the globe. Consumers are also likely to opt for second-hand instruments as they can be purchased at a cheaper price as compared to new ones. Moreover, manufacturers are offering attractive deals on products such as instrument packages that contain different types of musical instruments which enables consumers¢â‚¬â„¢ choice over a single purchase decision.
The commercial application segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 owing to rising number of live performances including concerts and festivals globally which has increased demand for various stringed instruments such as violin, guitar and others over last few years globally including India where live performance industry is growing significantly due ¢â‚¬Å“Live Nation Entertainment Inc.
Regional Analysis:
North America dominated the global musical instruments market in 2017. The growth is majorly driven by U.S., which accounted for more than 80% of the total revenue share in 2017 owing to high product demand and strong presence of key manufacturers such as Fender Musical Instruments, Gibson Guitar Corporation, and Ibanez guitars. Moreover, rising number of music festivals including Lollapalooza Festival (Chicago), Coachella Music Festival (California) and Austin City Limits Music Festival (Texas) is expected to drive product demand further over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to increasing disposable income levels coupled with growing popularity of western music across this region especially in developing countries such as India and China.
Growth Factors:
- Increasing demand from emerging countries for high-quality string instruments
- Rising income levels of the population, which enables them to purchase better quality string instruments
- Proliferation of music education programs, which encourages students to learn and play string instruments
- Growing popularity of String Ensembles and Orchestras, which increases the demand for string instruments
- Technological advancements that lead to the development of new and innovative string instruments
Scope Of The Report
Report Attributes
Report Details
Report Title
Musical Instruments - String Market Research Report
By Type
Guitar, Violins, Others
By Application
Personal Use, Commercial
By Companies
Yamaha, Roland, Marshall, Ampeg, Denon DJ, Gibson Brands, Steinway & Sons, Blackstar, Behringer, Fender, Yamaha, Hughes & Kettner, Kawai Musical Instruments, Orange, Laney, Fishman, Rivera, MESA/Boogie, Acoustic, Randall, Audio-Technica
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Musical Instruments - String Market Report Segments:
The global Musical Instruments - String market is segmented on the basis of:
Types
Guitar, Violins, 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
Personal Use, Commercial
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
- Roland
- Marshall
- Ampeg
- Denon DJ
- Gibson Brands
- Steinway & Sons
- Blackstar
- Behringer
- Fender
- Yamaha
- Hughes & Kettner
- Kawai Musical Instruments
- Orange
- Laney
- Fishman
- Rivera
- MESA/Boogie
- Acoustic
- Randall
- Audio-Technica
Highlights of The Musical Instruments - String 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:
- Guitar
- Violins
- Others
- By Application:
- Personal Use
- Commercial
- 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 Musical Instruments - String 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?
A string is a type of musical instrument that produces sound by the vibration of its strings. The strings are made from a variety of materials, including metal, plastic, and animal gut.
Some of the key players operating in the musical instruments - string market are Yamaha, Roland, Marshall, Ampeg, Denon DJ, Gibson Brands, Steinway & Sons, Blackstar, Behringer, Fender, Yamaha, Hughes & Kettner, Kawai Musical Instruments, Orange, Laney, Fishman, Rivera, MESA/Boogie, Acoustic, Randall, Audio-Technica.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Musical Instruments - String 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 Musical Instruments - String Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Musical Instruments - String 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 Musical Instruments - String 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 Musical Instruments - String Market Size & Forecast, 2020-2028
4.5.1 Musical Instruments - String Market Size and Y-o-Y Growth
4.5.2 Musical Instruments - String 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 Guitar
5.2.2 Violins
5.2.3 Others
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 Personal Use
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Musical Instruments - String 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 Musical Instruments - String 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 Guitar
9.6.2 Violins
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 Market Size Forecast by Applications
9.10.1 Personal Use
9.10.2 Commercial
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 Guitar
10.6.2 Violins
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 Market Size Forecast by Applications
10.10.1 Personal Use
10.10.2 Commercial
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 Guitar
11.6.2 Violins
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 Market Size Forecast by Applications
11.10.1 Personal Use
11.10.2 Commercial
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 Guitar
12.6.2 Violins
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 Market Size Forecast by Applications
12.10.1 Personal Use
12.10.2 Commercial
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 Guitar
13.6.2 Violins
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) Market Size Forecast by Applications
13.10.1 Personal Use
13.10.2 Commercial
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 Musical Instruments - String Market: Competitive Dashboard
14.2 Global Musical Instruments - String Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamaha
14.3.2 Roland
14.3.3 Marshall
14.3.4 Ampeg
14.3.5 Denon DJ
14.3.6 Gibson Brands
14.3.7 Steinway & Sons
14.3.8 Blackstar
14.3.9 Behringer
14.3.10 Fender
14.3.11 Yamaha
14.3.12 Hughes & Kettner
14.3.13 Kawai Musical Instruments
14.3.14 Orange
14.3.15 Laney
14.3.16 Fishman
14.3.17 Rivera
14.3.18 MESA/Boogie
14.3.19 Acoustic
14.3.20 Randall
14.3.21 Audio-Technica
