Market Research Report
Global Electric Guitars Market Size study, by Product (Hollow-body, Semi-hollow body, Solid-body), by Distribution Channel (Offline, Online), By Type (Lead/Rhythm, Bass) and Regional Forecasts 2021-2027
|Global Electric Guitars Market Size study, by Product (Hollow-body, Semi-hollow body, Solid-body), by Distribution Channel (Offline, Online), By Type (Lead/Rhythm, Bass) and Regional Forecasts 2021-2027|
Published: January 10, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Electric Guitars Market is valued at approximately USD 3.62 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.30 % over the forecast period 2021-2027. Electric Guitars basically require external amplification or electrical signals to produce sound. It is available in two types, lead /rhythm type and bass type. The increasing number of music enthusiasts has led to the adoption of Electric Guitars across the forecast period. For Instance: according to ifpi.org in 2021, the global music market is growing rapidly. In 2020 the music industry has grown by 7.4 % attaining total revenue of USD 21.6 billion. Rising public awareness towards music festivals enhances the market growth of electric guitars. Also, with the increasing expenditure and number of live concerts, the adoption & demand for Electric Guitars is likely to increase the market growth during the forecast period. However, threat of already existing substitutes and new entrants impede the growth of the market over the forecast period of 2021-2027.
The geographical regions considered for the global Electric Guitars market analysis includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is considered as the leading region across the world in terms of huge market share due to the growing interest of people in music and increasing awareness towards music concerts and festivals etc. Whereas, North America is also estimated to attain a maximum growth rate during 2021-2027. Factors such as increasing expenditure towards entertainment such as music, live music concerts etc., increasing numbers of music concerts would create beneficial growth forecasts for the Electric Guitars market across North America region.
Major market players included in this report are:
Gibson Brands, Inc.
Fender Musical Instruments
Karl Hofner GmbH & Co. KG
ESP Company, Ltd.
Michael Kelly Guitar Co
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Electric Guitars Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures