Electric dulcimer is a musical instrument that uses electronic amplification for producing the sufficient sound, similar to an electric guitar. It comes in a number of different styles, sizes, and types. An electric Appalachian dulcimer is the most common type of electric dulcimer. Apart from this, the DulciCaster is also a most common type of electric dulcimer that provides a superior acoustic than the standard dulcimer, and also has more amplified sound.
According to analysis, “Global Electric Dulcimer Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global electric dulcimer market include Rockwell, Watauga Lake Dulcimer, Webb, Mark Nelson, James Jones, Bill Berg, John Keane, Larkinam, Kudzu Patch, Cedar Creek and among others. Leading vendors are focusing on frequently changing the consumer preferences in order that market demand can be capitalized. Existing vendors are expanding their collection of obtainable dulcimers and also acquiring novel players. Large manufacturing companies of an electric dulcimer are trying to increase their reach globally so that they can insert the value and turn struggling markets into the profitable ones.
On the basis of type, electric dulcimer market is categorized into laminated wood products and solid wood products. The solid wood product segment dominates the global market as it can amplify a louder tone without running into the feedback issues. These solid-body electric dulcimers provide great responsively and they mainly rely on the amplification for best performance. In addition, on the basis of application type, market is categorized into pop music, folk music and blues music.
The electric dulcimer market is primarily driven by increase in number of rock music, followed by rise in disposable income of individuals in developing economies, commercialization of music festivals, increase in number of musical concerts and rise in interest of people in music. Additionally, a lot of educational institutes have made the music a part of their curriculum. This will employ youngsters and improve their music skills & knowledge, which is a significant factor for market growth. However, availability of substitute and lack of highly skilled & trained labor may impact the market. Additionally, increase in interest held by the global population in music is a leading opportunity for market. Moreover, introduction of new stylish products is a key trend for market. Furthermore, high manufacturing cost of electric dulcimer is a major challenge for global market.
By geographical analysis, the North-American is a leading region in global electric dulcimer market owing to rise in popularity of e-commerce websites among consumers, high standard of living encourages the users to spend more leisure activities and increase in number of rock bands across the region. The European and Asian-Pacific regions are projected to witness higher growth rate due to rise in population coupled with increase in spending power of the middle-class population over the forecast period. It is estimated that future of the global electric dulcimer market will be bright because of rise in the popularity of live music among consumers during the forecast period.
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Ankur Gupta, Head Marketing & Communications