Global Guitar Strings Market Growth (Status and Outlook) 2023-2029

Global Guitar Strings Market Growth (Status and Outlook) 2023-2029

A string is the vibrating element that produces sound in string instruments such as the guitar. The quality of the materials, the gauge of the strings, the winding methods, and special coatings all influence the sound and performance of a guitar.

LPI (LP Information)' newest research report, the “Guitar Strings Industry Forecast” looks at past sales and reviews total world Guitar Strings sales in 2022, providing a comprehensive analysis by region and market sector of projected Guitar Strings sales for 2023 through 2029. With Guitar Strings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Guitar Strings industry.

This Insight Report provides a comprehensive analysis of the global Guitar Strings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Guitar Strings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Guitar Strings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Guitar Strings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Guitar Strings.

The global Guitar Strings market size is projected to grow from US$ 756.7 million in 2022 to US$ 991.9 million in 2029; it is expected to grow at a CAGR of 3.9% from 2023 to 2029.

Therefore, market share concentration is relatively low. The two largest operators account for about 23% of total industry revenue. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures. It’s still Ernie Ball and probably D’Addario that are the market leaders in string sales, with Martin, Fender and Gibson following closely behind and companies like GHS, Elixir, Rotosound, DR Strings, Dean Markley, Everly, Augustine and Dunlop all contributing to the numbers.

This report presents a comprehensive overview, market shares, and growth opportunities of Guitar Strings market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Light

Custom Light

Extra Light

Others

Segmentation by application

Electric Guitar Strings

Acoustic Guitar Strings

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

D'Addario

Ernie Ball

Martin

Fender

Gibson

GHS

Elixir

Rotosound

DR Strings

Dean Markley

Everly

Augustine

Dunlop

Please note: The report will take approximately 2 business days to prepare and deliver.