Bass guitars are musical instruments that are used for playing different type of artistic music such as traditional, rock metal, and pop. Bass guitars are made up commonly made up of different types of woods such as ash, maple, basswood, poplar, alder, walnut and spruce. Many different types of guitars are available in market such as electric bass guitar, acoustic bass guitar, acoustic-electric bass guitar, fretless bass guitar long scale and short scale base guitar, stand-up bass guitar and Hollow body bass guitar.Woods plays vital role in guitar bodies, as quality of woods has direct impact on sound of guitars and body of guitar is mainly depends on size and type of guitars such as stand-up guitars usually have longer wooden body that directly affects sound quality of guitars.Rise in music concert and innovation in guitars is a major factor in growth of global bass guitar markets and expected to be more inclining in forecast period.
COVID-19 Impact Analysis
- During COVID-19, globally many industries suffered from economic crises. The pandemic hampered the global bass guitar market.
- To control the spread of coronavirus, lockdowns were imposed that resulted in huge disruption in supply chain of raw material and looming of production cycle of global bass guitar market.
- Restraints were imposed by government on several music institution and global concerts who are major users of bass guitar that led to huge decline in demand of bass guitar. E-commerce has played significant role in uplifting supply chain of bass guitar market.
Top Impacting Factors
Many professionals’ musicians are generally using guitars in recording music or while performing, as it helps to add rhymes and melody into music and helps to make music very soothing. Guitars are used for playing and recording both of classical and rock music, many people has adopted guitarist as profession as it is one highly paid Job. Guitarists also give music lesson to beginners and highly charging for it. Rise in adaption of guitarist as a profession and increase in use of guitars by professional guitarist and musicians are key factor in growth of global bass guitar market.
Key player are highly investing in innovation of products and engaged with R&D process, to offers improvised and innovative products to catering demand of it consumers and to compete with competitors and rival products.Key players have introduced guitars in smaller sizes as these guitars are provides easy mobility and convenient in while traveling, these small size guitars are very commonly known as baby guitars.
With the changing lifestyle of people and rise in popularity of guitars, people have started learning guitar lessons in music institution. A guitar is attractive and aesthetic transposing instruments and helps to socialize with people and also helps to make new friends. Playing guitars helps to reduce stress and anxiety as well as helps in maintaining good mental health. Rise in popularity and significance of guitars for maintaining mental health and increase in number of guitars learners is key driver in growth of global bass guitar market.
In recent years there is significant rise in number of bands and music concerts, as these band and people who perform in music concerts have one guitarist in there crew that perform vital role in by adding up melody and rhymes in music. Electric bass guitar are normally used in concerts and band performances as they are easy to connect with amplifiers and speakers and convert low radio signal sound into high radio signal sounds and increase range of traveling sound to audiences. These bands are major users of guitars; rise in number of bands is utmost factor in growth of global bass guitar market
Rise in Adaption of Playing Guitar as Hobby
- Many people have started opting playing guitar as hobbies, as playing guitars is very good hobby, guitars is a great stress relievers and it also helps to boost confidence of peoples. A guitar also helps to improve memory, hearing abilities, motor skills and make guitarist more attractive and creative. Guitars are hold in arms that helps to build arms strength and also helps to improve family bonds as playing guitar is fun activity. Rise in trend adopting guitars as hobbies is prime factor that is boosting growth of global bass guitar market.
Rise in Trend of Global Concerts
- Global music concerts are one of the most profitable business, as concerts tickets are sold at extremely high rates, music concerts are live performance and people loves to enjoy music concerts as atmosphere of music concerts is rocking where peoples are dancing and having fun.Many different type of music concerts are organized such as classic concerts or private house and night club concerts, these concerts majorly use guitars for addition on different rhymes and melodies and turning with the band. Guitars are essential part of concerts, normally electric bass guitars are used by artists as it is easily get connected to amplifiers and making amplifying of music effortless. These are major factor that is fuelling growth of global bass guitar market.
Key Benefits of Report
- This study presents the analytical depiction of the bass guitar industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bass guitar market share.
- The current market is quantitatively analysed to highlight bass guitar market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed bass guitar market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Bass Guitar Market Research Report
- Which are the leading players active in the bass guitar market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is the bass guitar market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the current trends and predicted trends?
Bass Guitar Market Report Highlights
By Product Type
By Price Point
By Distribution Channel
Key Market Players
Karl Höfner GmbH & Co. KG, The Fender Musical Instruments Corporation, Schecter Guitar Research Inc., Lakland Guitar LLc, Rickenbacker International Corporation, Hoshino Gakki Co., Ltd, Yamaha corporation, Guild Guitar Company, V.C. Squier Company, Music Man Company, Kala Brand music Co, Gibson Guitar Corporation, Peavey Electronics Corporation