Market Overview:
The global twelve strings guitar market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The growth in the market can be attributed to various factors such as rising demand for twelve strings acoustic guitars and electric guitars from professional artists and amateurs, increasing adoption of twelve strings guitars in music education institutions, and growing popularity of blues and rock music genres. Based on type, the global Twelve Strings Guitar Market is segmented into steel-string acoustic guitar and electric guitar. The steel-string acoustic guitar segment is expected to account for a major share of the market during the forecast period owing to its high demand from professional artists as well as amateurs. Based on application, the Twelve Strings Guitar Market is segmented into online sales and offline retail.
Product Definition:
A 12-string guitar is a guitar with twelve strings in six courses. The strings are usually tuned in octaves, although they can be arranged in other ways.
Steel-string Acoustic Guitar:
Steel-string acoustic guitars are also known as flat-six or twelve string guitars. They have six strings made of steel and nylon, which provide a brighter and clearer sound than the other electric guitars. The instrument is majorly used in classical music due to its warm and mellow tone quality that blends well with the violins, cellos, flute etc.
Electric Guitar:
An electric guitar is a musical instrument that is played by means of cord and plug. It has six strings and the body consists of a hollow chamber, which amplifies the sound produced by plucking the string. The most common types are guitars, electric basses, and acoustic guitars; however there are numerous variants in between these two extremes.
Application Insights:
The online sales segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to various factors such as easy availability of music tracks and digital instruments, convenience of shopping from anywhere, flexible working hours for customers along with a wide range of payment options. The offline retail segment is also expected to witness significant growth during the forecast period owing to increase in brick-and-mortar stores across countries worldwide. This has resulted in increased demand for guitars which have been made available through these stores.
Offline retailers usually have a much wider product portfolio compared with their online counterparts due to high costs associated with maintaining stock at physical locations; however, this has not deterred consumers from purchasing products through these channels as they still prefer buying musical instruments from physical shops over virtual ones due to personal interactions that are often lacking on internet based platforms or e-commerce websites.
Regional Analysis:
North America dominated the global twelve strings guitar market in terms of revenue with a share of 33.0% in 2017. This is attributed to the high demand for acoustic guitars and electric guitars, which are played at various concerts and parties across this region. The U.S.
Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to increasing disposable income levels among people in countries such as China.
Growth Factors:
- Increasing demand for high-quality guitars from professional musicians and music enthusiasts
- Rising popularity of guitar-centric music genres, such as blues, country, and rock
- Growing number of music schools and training programs that teach guitar playing techniques
- Proliferation of online video tutorials that demonstrate how to play various songs on a Twelve Strings Guitar
- Increased availability of affordable Twelve Strings Guitars in different sizes, shapes, and colors
Scope Of The Report
Report Attributes
Report Details
Report Title
Twelve Strings Guitar Market Research Report
By Type
Steel-string Acoustic Guitar, Electric Guitar
By Application
Online Sales, Offline Retail
By Companies
Taylor Guitars, Gibson Brands, Inc., C. F. Martin & Company, Fender Musical Instruments Corporation, Cort Guitars, ESP, Lag
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Twelve Strings Guitar Market Report Segments:
The global Twelve Strings Guitar market is segmented on the basis of:
Types
Steel-string Acoustic Guitar, Electric Guitar
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:
- Taylor Guitars
- Gibson Brands, Inc.
- C. F. Martin & Company
- Fender Musical Instruments Corporation
- Cort Guitars
- ESP
- Lag
Highlights of The Twelve Strings 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:
- Steel-string Acoustic Guitar
- Electric Guitar
- 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 Twelve Strings 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?
Twelve Strings Guitar is a type of acoustic guitar that has twelve strings.
Some of the key players operating in the twelve strings guitar market are Taylor Guitars, Gibson Brands, Inc., C. F. Martin & Company, Fender Musical Instruments Corporation, Cort Guitars, ESP, Lag.
The twelve strings guitar market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Twelve Strings 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 Twelve Strings Guitar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Twelve Strings 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 Twelve Strings 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 Twelve Strings Guitar Market Size & Forecast, 2020-2028
4.5.1 Twelve Strings Guitar Market Size and Y-o-Y Growth
4.5.2 Twelve Strings Guitar 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 Steel-string Acoustic Guitar
5.2.2 Electric Guitar
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 Online Sales
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Twelve Strings 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 Twelve Strings 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 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 Steel-string Acoustic Guitar
9.6.2 Electric Guitar
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 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 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 Steel-string Acoustic Guitar
10.6.2 Electric Guitar
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 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 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 Steel-string Acoustic Guitar
11.6.2 Electric Guitar
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 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 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 Steel-string Acoustic Guitar
12.6.2 Electric Guitar
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 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) 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 Steel-string Acoustic Guitar
13.6.2 Electric Guitar
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 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 Twelve Strings Guitar Market: Competitive Dashboard
14.2 Global Twelve Strings Guitar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Taylor Guitars
14.3.2 Gibson Brands, Inc.
14.3.3 C. F. Martin & Company
14.3.4 Fender Musical Instruments Corporation
14.3.5 Cort Guitars
14.3.6 ESP
14.3.7 Lag
