A guitar hanger is a musical instrument accessory which protects the guitar from physical damage such as breakage and from dirt. It is highly preferred over guitar cases and guitar stands by end-users due to the compact size of this product. Guitar hangers are available in different sizes, shapes, price range, and colors. Manufacturers use different materials such as wood and metal which makes the guitar hanger stylish and cost effective. Nowadays, manufacturers also provide customized products to end-users according to their convenience. All these factors are expected to accelerate the global guitar hanger market. Other factors such as increasing demand for guitars, music awareness, increasing number of music concerts, and peoples’ priorities toward hobbies are anticipated to drive the global guitar hanger market. Additionally, increasing disposable income encourages people to spend more money on their passions and hobbies. The overall global guitar hanger market is anticipated to be influenced by these factors. The music industry is helping to reshape the musical instruments and its accessories market. However, rapid volatility in raw material prices is expected to hamper the growth of the global guitar hanger market during the forecast period.
The global guitar hanger market is segmented by product type, material, end-use, distribution channel, and geography. Based on product type, the guitar hanger market can be segmented as A-frame, cradle style, hanging, and straight. As compared to other guitar hanger types, cradle style and hanging has high demand because of their compact size. Some companies provide A-frame type hanger which comes with adjustable width and height to accommodate any size of guitar. On the basis of material, the guitar hanger market is classified into wood, metal, and others. In terms of end-use, the guitar hanger market is segmented into professional and non-professional. Professional segment is expected to be the most attractive segment during the forecast period. Based on distribution channel, the guitar hanger market is classified into online and offline. The offline distribution channel is further sub segmented into hypermarkets/supermarkets, specialty stores, and others. During the forecast period, the online distribution channel is expected to grow at a fast rate due to the rapid penetration of internet services.
In terms of geography, the global guitar hanger market is classified into Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Europe (Germany, France, U.K, and Rest of Europe), North America (U.S, Canada, and Rest of North America), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). North America and Europe are expected to retain dominant market share in the global guitar hanger market as a large number of guitar hanger manufacturers are present in these regions. Asia Pacific is expected see fast growth rate during the forecast period due to increasing disposable income in middle class families, and increasing population. The market in South America and Middle East & Africa is expected to have slower growth rate during the forecast period.
The market of guitar hangers is influenced by the presence of many guitar companies. Major players who are active in the guitar hanger industry are String Swing (USA), Guitar Grip, Hercules, Proline, Andertons Music Co., Stagg, D & A Guitar Gear, Gator Framework, Levy’s Guitar Hanger, Guitar Center, Inc., D’luca, Hamilton, Martin, Ultimate Support. Among these, String Swing and Hercules are the oldest industries. In order to increase their customer base and revenue shares, guitar manufacturers are focusing on product innovation and new product offerings to gain a competitive edge in the market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.