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Worldwide Electric & Acoustic Guitar Strings Industry to 2028 – by Product Type, Application and Region

The “The Electric & Acoustic Guitar Strings Market – Size, Share, Outlook, and Opportunity Analysis, 2021 – 2028” report has been added to ResearchAndMarkets.com’s offering.

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 2020, 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 2020. The company will provide a direct sales and marketing service to Italy from its office based in Lyon.

Key features of the study:

Key Topics Covered:

1. Research Objectives and Assumptions

2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

4. Global Electric & Acoustic Guitar Strings Market – Impact of Coronavirus (Covid-19) Pandemic

5. Global Electric & Acoustic Guitar Strings Market, By Product Type, 2017- 2028 (US$ Mn)

6. Global Electric & Acoustic Guitar Strings Market, By Application, 2017- 2028 (US$ Mn)

7. Global Electric & Acoustic Guitar Strings Market, By Region, 2017- 2028 (US$ Mn)

8. Competitive Landscape

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