Guitar Hanger Market Technology,Trends and Industry Analysis & Forecast to 2018-2026
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.
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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.
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