LONDON, April 4, 2017 /PRNewswire/ --
About Guitar
The rising number of concerts and live performances is a major driver for the growth of the global guitar market. The growing interest in music among the youth population has led to the formation of numerous musical bands that perform various types of music like blues, pop, rock, metal, and electronica. In addition, an increase in the disposable income of consumers is leading to a high demand for guitars in developing countries such as China and India. As a result of changing lifestyles and higher standards of living, individuals are motivated to spend on leisure activities such as music, which is likely to increase sales of musical instruments.
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Technavio's analysts forecast the global guitar market to grow at a CAGR of 2.11% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global guitar market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of guitars.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Guitar Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Fender Musical Instruments
- Gibson Brands
- Karl Höfner
- PRS Guitars
- Yamaha
Other prominent vendors
- B.C. Rich Guitars
- C.F. Martin
- Carvin
- Cort
- D'Addario
- Dean Guitars
- ESP
- G&L Musical Instruments
- Godin
- Ibanez
- Rickenbacker
- Samick Musical Instruments
- Schecter Guitar Research
- Taylor
Market driver
- Availability of free learning materials on web.
- For a full, detailed list, view our report
Market challenge
- Growing adoption of free musical instruments apps.
- For a full, detailed list, view our report
Market trend
- Increasing introduction of new musical products.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Methodology
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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
SOURCE ReportBuyer
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