Electric & Acoustic Guitar Strings Market, by Product Type (Light, Custom Light, and Extra Light), by Application (Acoustic Guitar and Electric Guitar), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, S

Electric & Acoustic Guitar Strings Market, by Product Type (Light, Custom Light, and Extra Light), by Application (Acoustic Guitar and Electric Guitar), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Guitar strings can vibrate freely. Guitar strings are lengths of a flexible material that a musical instrument holds under tension controllably. Guitars typically have six strings with different thickness. Guitar string is the vibrating element.
Market Dynamics
Increasing sales of guitars across the world is expected to drive demand for electric & acoustic guitar strings over the forecast period. The increasing number of music festivals and live concerts at the global level is driving the sales of guitars. Participation of young generation in these concerts and festivals is promoting organization of music festivals and live concerts. For instance, according to a data published by SCI Maritime Training Institute (MTI), an integral part of The Shipping Corporation of India Ltd. (SCI) in 2019, the Rolling Loud music festival in Miami drew over 180,000 guests and nearly 200 million eager hip-hop fans in May 2018.
Various electric & acoustic manufacturers have been focusing on the development of innovative products related to the target market. The new guitar strings coupled with innovations in strings will allow for improved tone when playing high up the neck of the instrument. Additionally, the innovative guitar strings do not require any expensive changes to guitar players’ existing instruments.
Moreover, key players are focusing on various strategies such as regional expansion coupled with business expansion. For instance, in March 2021, D’Addario & Co., a manufacturer of strings for musical instruments, announced to commence direct distribution of its products to the Italian dealer network from June 2021. The company will provide a direct sales and marketing service to Italy from its office based in Lyon.
Key features of the study:
This report provides in-depth analysis of global electric & acoustic guitar strings market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electric & acoustic guitar strings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include D’Addario & Co., Fender Musical Instruments Corporation, Gibson Brands, Ernie Ball Inc., GHS Strings, C. F. Martin & Company Inc., Dunlop Manufacturing, Inc., Dean Markley USA, Inc., Kistron Co., Ltd., Rotosound Manufacturing Ltd., and DR Handmade Strings.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global electric & acoustic guitar strings market report caters to various stakeholders in this industry including investors, suppliers, electric & acoustic guitar strings manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric & acoustic guitar strings market
Detailed Segmentation:
Global Electric & Acoustic Guitar Strings Market, By Product Type:
Light
Custom Light
Extra Light
Global Electric & Acoustic Guitar Strings Market, By Application:
Acoustic Guitar
Electric Guitar
Global Electric & Acoustic Guitar Strings Market, By Region:
North America
By Product Type:
Light
Custom Light
Extra Light
By Application:
Acoustic Guitar
Electric Guitar
By Country
U.S.
Canada
Latin America
By Product Type:
Light
Custom Light
Extra Light
By Application:
Acoustic Guitar
Electric Guitar
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
Europe
By Product Type:
Light
Custom Light
Extra Light
By Application:
Acoustic Guitar
Electric Guitar
By Country
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Light
Custom Light
Extra Light
By Application:
Acoustic Guitar
Electric Guitar
By Country
China
India
Japan
ASEAN
South Korea
Australia
Rest of Asia Pacific
Middle East & Africa
By Product Type:
Light
Custom Light
Extra Light
By Application:
Acoustic Guitar
Electric Guitar
By Sub-Region
Middle East
Africa
Company Profiles
D’Addario & Co.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Fender Musical Instruments Corporation
Gibson Brands
Ernie Ball Inc.
GHS Strings
C. F. Martin & Company Inc.
Dunlop Manufacturing, Inc.
Dean Markley USA, Inc.
Kistron Co., Ltd.
Rotosound Manufacturing Ltd.
DR Handmade Strings
“*” marked represents similar segmentation in other categories in the respective section.