Frequently Asked Questions:
- Based on segmentation by product, which is the leading segment in the market?
Based on the product, the market witnessed maximum growth in the acoustic segment in 2019.
- What are the major trends in the market?
Celebrity endorsement is identified as the major trend in the market.
- At what rate is the market projected to grow?
The market growth momentum is expected to decelerate at a CAGR of about 3% during the forecast period.
- Who are the top players in the market?
C. F. Martin & Co. Inc., Fender Musical Instruments Corp., Gibson Brands Inc., HOSHINO GAKKI Co. Ltd., Karl Höfner GmbH & Co. KG, Paul Reed Smith Guitars, Rickenbacker International Corp., Schecter Guitar Research Inc., Taylor-Listug Inc., and Yamaha Corp. are the top players in the market.
- What are the key market drivers and challenges?
The market is driven by the growing popularity of music-related leisure activities. However, long replacement cycles will challenge growth.
- How big is the APAC market?
APAC dominated the market with a 42% share in 2019.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. C. F. Martin & Co. Inc., Fender Musical Instruments Corp., Gibson Brands Inc., HOSHINO GAKKI Co. Ltd., Karl Höfner GmbH & Co. KG, Paul Reed Smith Guitars, Rickenbacker International Corp., Schecter Guitar Research Inc., Taylor-Listug Inc., and Yamaha Corp. are some of the major market participants. Although the growing popularity of music-related leisure activities will offer immense growth opportunities, long replacement cycles are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this guitar market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Guitar Market 2020-2024: Segmentation
Guitar Market is segmented as below:
- Product
- Geographic
- North America
- Europe
- APAC
- South America
- MEA
Retrieve Guitar Market Report Highlights Here: https://www.technavio.com/talk-to-us?report=IRTNTR40025
Guitar Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The guitar market report covers the following areas:
- Guitar Market Size
- Guitar Market Trends
- Guitar Market Industry Analysis
This study identifies celebrity endorsements as one of the prime reasons driving the Guitar Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Guitar Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist guitar market growth during the next five years
- Estimation of the guitar market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the guitar market across North America, Europe, APAC, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of guitar market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Acoustic - Market size and forecast 2019-2024
- Electric - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- C. F. Martin & Co. Inc.
- Fender Musical Instruments Corp.
- Gibson Brands Inc.
- HOSHINO GAKKI Co. Ltd.
- Karl Höfner GmbH & Co. KG
- Paul Reed Smith Guitars
- Rickenbacker International Corp.
- Schecter Guitar Research Inc.
- Taylor-Listug Inc.
- Yamaha Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Report: www.technavio.com/report/guitar-market-size-industry-analysis
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