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According to XYZResearch study, over the next five years the Electric & Acoustic Guitar Stringsmarket will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2026, from US$ xx million in 2020. In particular, this report presents the global market share (sales and revenue) of key companies in Electric & Acoustic Guitar Stringsbusiness.
Electric & Acoustic Guitar Strings market development trend, sales volume and sales value (million USD) forecast in regional market, the main regions are China, USA, Europe, India, Japan, Korea, South America, Southeast Asia.
Sales forecast by type/application from 2021-2026
Industry chain, downstream and upstream information is also included.
Global markets continue to sink as the coronavirus spreads, reaching over 200 countries in total by the end of March. Now the outbreak continued to grow, as the number of cases in USA, Italy, Spain, Germany, France all spiked, Europe and USA have now become the epicenter of the outbreak, Cases in China appear have steadied in April, but there's growing concern about the overall impact to the global market.
In China market, which experienced a difficult 2019 due to slowing domestic consumption and the impact of the Sino-US trade war, is once again facing more disruption and uncertainty at the hands of the coronavirus pandemic. Sales and consumption all fell in the first quarter of 2020, compared with the same period in 2019. The sales revenue of the major players will likely continue slowing in the 2nd quarter but in the second half of the year the fiscal and monetary policy would likely cause a strong rebound
In order to stop the spread of the COVID-19 outbreak, countries and world capital have been put under strict lockdown, bringing a total halt to major industrial production chains. It has caused supply chain disruptions for nearly three-quarters of U.S. companies, and in the second quarter, domestically consumption is likely to be hit even harder. The same situation also appeared in Europe, as the epidemic has required large-scale restrictions on the movement of people, investment, consumption and exports will all be strongly impacted by the epidemic, domestic production and consumption will plummet in the first half of 2020. We expected a U-shaped recovery in the second half of the year in USA and Europe market.
Brazil is already the hardest hit country in South America, many of these nations are still in the early stages of the virus's proliferation. Infection levels have not yet peaked in April. South America 's market were on shaky ground even before the devastating impacts of the coronavirus, following a synchronized economic slowdown last year. China's market downturn is impacting its trading partners in this region.
China, Japan, South Korea, India, and other Asia countries took the lead in introducing unprecedented measures to contain the virus, the market confidence in Asia-Pacific region is returning, EU and USA have relaxed its fiscal rules with maximum flexibility, this will stimulate the market demand in the second half of 2020.
Due to delays in the transport of components and raw materials, along with quarantine restrictions, the transportation of raw materials is affected, this will cause tight supply, and then the price of raw materials to rise. Meanwhile, as end-user demand weakens, many players are also facing the risk of higher inventory backlog, which may lead to passive production reduction, some traditional retailers began to develop the online business.
Geographically, this report split global into several key Regions, with sales (K Units), revenue (M USD), market share and growth rate of Electric & Acoustic Guitar Strings for these regions, from 2014 to 2026 (forecast), covering
- China
- USA
- Europe
- Japan
- Korea
- India
- Southeast Asia
- South America
Global Electric & Acoustic Guitar Strings market competition by top manufacturers/players, with Electric & Acoustic Guitar Strings sales volume, Price (USD/Unit), revenue (M USD) and market share for each manufacturer/player; the top players including
- D'Addario
- Ernie Ball
- Martin
- Fender
- Gibson
- GHS
- Elixir
- Rotosound
- DR Strings
- Dean Markley
- Everly
- Augustine
- Dunlop
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Light
- Custom Light
- Extra Light
- Others
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Electric & Acoustic Guitar Strings for each application, including
- Acoustic Guitars
- Electric Guitars
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