| Product Code: ETC5025492 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Portugal continued to rely on imports for electric and acoustic guitar strings, with top suppliers being Germany, Spain, Metropolitan France, Romania, and Belgium. The market showed high concentration levels, indicating limited competition among suppliers. Despite a negative Compound Annual Growth Rate (CAGR) of -4.1% from 2020 to 2024, there was a notable growth rate of 16.74% in 2024 compared to the previous year. This suggests potential opportunities for suppliers to capitalize on the growing demand for guitar strings in Portugal.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal Electric and Acoustic Guitar Strings Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Electric and Acoustic Guitar Strings Market - Industry Life Cycle |
3.4 Portugal Electric and Acoustic Guitar Strings Market - Porter's Five Forces |
3.5 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Portugal Electric and Acoustic Guitar Strings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of guitar playing as a hobby or profession in Portugal |
4.2.2 Increasing number of music schools and institutions offering guitar lessons |
4.2.3 Rising demand for high-quality and durable guitar strings in the market |
4.3 Market Restraints |
4.3.1 Competition from other string instrument accessories like picks and tuners |
4.3.2 Price sensitivity among consumers leading to preference for lower-cost alternatives |
4.3.3 Limited disposable income for leisure activities affecting purchasing power |
5 Portugal Electric and Acoustic Guitar Strings Market Trends |
6 Portugal Electric and Acoustic Guitar Strings Market Segmentations |
6.1 Portugal Electric and Acoustic Guitar Strings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume, By Light, Custom Light, 2021-2031F |
6.1.3 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume, By Extra Light, 2021-2031F |
6.2 Portugal Electric and Acoustic Guitar Strings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume, By Acoustic Guitar, 2021-2031F |
6.2.3 Portugal Electric and Acoustic Guitar Strings Market Revenues & Volume, By Electric Guitar, 2021-2031F |
7 Portugal Electric and Acoustic Guitar Strings Market Import-Export Trade Statistics |
7.1 Portugal Electric and Acoustic Guitar Strings Market Export to Major Countries |
7.2 Portugal Electric and Acoustic Guitar Strings Market Imports from Major Countries |
8 Portugal Electric and Acoustic Guitar Strings Market Key Performance Indicators |
8.1 Number of guitar players enrolled in music schools/lessons |
8.2 Average lifespan of guitar strings sold in the market |
8.3 Frequency of guitar string replacements among users |
9 Portugal Electric and Acoustic Guitar Strings Market - Opportunity Assessment |
9.1 Portugal Electric and Acoustic Guitar Strings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Portugal Electric and Acoustic Guitar Strings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Portugal Electric and Acoustic Guitar Strings Market - Competitive Landscape |
10.1 Portugal Electric and Acoustic Guitar Strings Market Revenue Share, By Companies, 2024 |
10.2 Portugal Electric and Acoustic Guitar Strings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |