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Musical instruments such as guitar have a long history that date back to over 4000 years with the oldest preserved guitar like instrument belonging to an Egyptian singer named Harmose in 1503 BCE. The oldest known iconographical representation of guitar is embedded on a stone carving at Alaca Huyuk in Turkey is a 3300-year-old Hittite guitar with a long fretted neck, having flattop with flat back and with strikingly incurved sides. The name guitar itself is derived from the ancient Sanskrit word for “String” (tar).
The modern classical guitar took to its present form in 1859 when Spanish maker Antonio Torres Jurado improved the design of the guitar by its volume, tone and projection of the instrument and it became accepted construction standard globally. The makers of the modern day guitar still follow this design and concept. The manufacturers of guitars as of now are grouped under the category of Acoustic and Electric Guitar Manufacturing industry with the guitar accessories also included in this industry.
According to industry analysts, the Acoustic and Electric Guitar Manufacturing industry has experienced a dim or subdued growth of about 0.3% annually earning revenue of $508 million over a period of five years to 2016. The increased levels of growth in guitar accessories can be attributed due to increasing levels of per capita disposable income in developed nations of the world leading to demand for these products.
According to recent statistics, developing economies like India has imported guitar accessoriesworth $351,469 with China emerging as the largest supplier of guitar accessories accounting for imports worth $241194 followed by United States of America and Germany that exported these accessories worth $89,490 and $19,836 respectively. The average price of guitar accessories per unit is worth $5.57 with the average value per shipment hovering around $1,081.
The popularity of music in the form of rock and pop during early 1950, 60’s and 70’s has resulted in the demand for electric guitars but times have changed with sales of all kinds of musical instruments including guitar accessories plunged during the recession and still not yet fully recovered. The accessories of a guitar include Capotasto, Slides, Straps and Plectrum help in playing the guitar musically.
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