Growth in Media & Entertainment Industry Expected to Drive Global Carved Top Mandolin Market: Ken Research

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Mandolin is the stringed musical instrument or apparatus in the lute-family and is usually plucked with the plectrum. There are numerous styles of mandolin, which are the archtop mandolin, neapolitan or round-backed mandolin and flat-backed mandolin. The arch top mandolin is also identified as the carved-top mandolin, which has an arched top & shallower, arched back both carved-out of wood. Arch-top instruments are widespread in American folk music & bluegrass music. Apart from this, some other mandolin varieties differ mainly in the number of strings and include four-string models for instance Brescian and Cremonese, six-string types like the Lombard & Sicilian, Milanese, and six course instruments of twelve strings (two strings per course) including the Genoese. There has also been a twelve string (three strings per course) form and an instrument with sixteen strings. The carved top mandolin are generally used for various applications include personal, musical institutes and musical industry. It is provided by a variety of distribution channels such as musical instruments stores, hypermarket, online stores and others.

Referring to study, Global Carved top Mandolin Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Usesome of the key companies that are currently working in the global carved top mandolin market include Hathway, Ashbury, D’Addario, Golden Gate, Shubb, Kentucky, Blue Moon, John Pearse, Viking, Moon, Superior, Stentor, Artec, Waltons, Carvalho among others. The key organizations have adopted a variety of organic & inorganic growth strategies such as developments, mergers & acquisitions (M&A) and new or innovative product developments to boost their market shares.

Based on type, carved top mandolin market is bifurcated into tenor, soprano, bass, alto and contrabass. In addition, based on application, market is bifurcated into performance, music teaching and others. The carved top mandolin market is driven by rise in demand for the musical instrument in the music institutes, followed by growth in media & entertainment industry worldwide. However, handling & maintenance related problem with the bass mandolin and adverse impact of production of bass mandolin on the environment may impact the market. Additionally, learning the skills development related to music and rise in demand for bass mandolin in the developing nation are leading opportunities for market. Moreover, online availability of bass mandolin and emerging demand for the bass mandolin among professionals are key trends for market. Furthermore, stiff competition in the carved top mandolin market as innovative players entering the market with lower prices is a major challenge for global market.

Based on geography, the North-America and Asia-Pacific regions hold major share in global carved top mandolin market owing to surge in demand for the musical instrument in the music institutes across the region. The European region is anticipated to witness higher growth rate due to growth in young population & urbanization over the forecast period. It is projected that future of the global carved top mandolin market will be bright because of increase in interest of music among young population during the forecast period.

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Global Carved top Mandolin Market

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Ankur Gupta, Head Marketing & Communications