Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1042906
PUBLISHER: Grand View Research | PRODUCT CODE: 1042906
Electric Guitars Market Size, Share & Trends Analysis Report By Product (Solid Body, Semi-hollow Body, Hollow Body, Accessories), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2030
PUBLISHED:
PAGES: 100 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Electric Guitars Market Growth & Trends:
The global electric guitars market size is expected to reach USD 7.62 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% from 2022 to 2030. Increasing interest in the realm of music shown by the millennials is one of the important factors driving the market. Furthermore, a rise in the number of concerts by popular pop artists and rock bands is increasing the demand for electric guitars worldwide. Mass commercialization of upcoming bands and their live concerts result in huge financial incentives for artists as well as record labels, which, in turn, boosts more performances across various regions.
Music has become an important part of the curriculum today. The positive effects of music on students have been realized all over the world due to many research activities, which have led to the opening up of various music schools and colleges, along with the inclusion of music as part of student activities. Lockdowns have also encouraged people to take up new activities, music being a common one throughout the globe. Growing interest in learning a new instrument to break the monotony of being locked up in the house has boosted the demand for electric guitars globally, and this trend will continue in the forecast period. Demand for online classes and concerts will continue driving the market.
The solid body product segment dominated the market in 2021 and is expected to expand at a lucrative CAGR over the forecast period. There has been a rise in the popularity of rock and metal music genres, consequently, a rise in the number of bands will boost the demand for solid body electric guitars. These guitars are widely preferred among musical artists. Most rock and metal guitarists prefer solid-body electric guitars for their concerts as they ensure that the amplified sound reproduces the string vibrations alone and avoids the wolf tones and unwanted feedback associated with amplifiers.
The online distribution channel segment is expected to expand at the fastest CAGR over the forecast period owing to the ease and convenience it offers. Due to the COVID-19 pandemic, several instrument outlets had to shut off, and consumers resorted to online shopping for guitars and accessories. In lockdowns, people picked up new hobbies, learning an instrument being a prominent one. Online musical classes propelled the demand for electric guitars, resulting in higher revenues for brands even after shutting down all their shops. Technological advancements and strategic partnerships will boost this segment growth further in the forecast period. The players in this market face stiff competition as some of these brands operate on a multinational level and have a huge audience. These players have wide distribution networks, which help them cater to a wide consumer base.
Electric Guitars Market Report Highlights:
- Asia Pacific was the largest regional market in 2021 and is estimated to expand further at the fastest CAGR over the forecast period due to the increasing disposable income, changing consumer preferences, and increasing prevalence of rock and music genres in the region
- The solid body product segment accounted for the largest revenue share in 2021 and is estimated to retain the leading position throughout the forecast period
- The online distribution channel segment is expected to witness the fastest growth over the forecast period due to technological advancement, the availability of options, and many strategic partnerships adopted by the market players
Product Code: GVR-3-68038-621-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation& Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
Chapter 3. Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of Electric Guitars Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the Electric Guitars Market
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Product Adoption
- 4.4. Observations & Recommendations
Chapter 5. Electric Guitars Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Solid Body
- 5.2.1. Solid body electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Semi-Hollow Body
- 5.3.1. Semi-hollow body electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Hollow Body
- 5.4.1. Hollow body electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 5.5. Accessories
- 5.5.1. Electric guitar accessories market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Electric Guitars Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
- 6.2. Online
- 6.2.1. Electric guitars market estimates and forecast, through on-trade channel, 2017 - 2030 (USD Million)
- 6.3. Offline
- 6.3.1. Electric guitars market estimates and forecast, through off-trade channel, 2017 - 2030 (USD Million)
Chapter 7. Electric Guitars Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive & Vendor Landscape
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
- 9.1. Gibson Brands Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. ProductBenchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Fender Musical Instruments Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. ProductBenchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Karl Hofner GmbH & Co. KG
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. ProductBenchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Ibanez Guitars
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. ProductBenchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Yamaha Corporation
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. ProductBenchmarking
- 9.5.4. Strategic Initiatives
- 9.6. The ESP Guitar Company
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. ProductBenchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Cort Guitars
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. ProductBenchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Michael Kelly Guitar Co.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. ProductBenchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Dean Guitars
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. ProductBenchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Epiphone
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
Product Code: GVR-3-68038-621-9
List of Tables
- 1. Electric guitars market - driving factors market analysis
- 2. Electric guitars market - restraint factor market analysis
- 3. Solid body electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 4. Semi-hollow body electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 5. Hollow body electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 6. Electric guitars accessories market estimates and forecast, 2017 - 2030 (USD Million)
- 7. Electric guitars market estimates and forecast through online distribution channel, 2017 - 2030 (USD Million)
- 8. Electric guitars market estimates and forecast through offline distribution channel, 2017 - 2030 (USD Million)
- 9. North America electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 10. North America electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 11. North America electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 12. U.S. electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 13. U.S. electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 14. U.S. electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 15. Europe electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 16. Europe electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 17. Europe electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 18. Germany electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 19. Germany electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 20. Germany electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 21. U.K. electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 22. U.K. electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 23. U.K.electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 24. France electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 25. France electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 26. France electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 27. Asia Pacific electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 28. Asia Pacific electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 29. Asia Pacific electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 30. China electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 31. China electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 32. China electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 33. India electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 34. India electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 35. India electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 36. Central & South America electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 37. Central & South America electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 38. Central & South America electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 39. Brazil electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 40. Brazil electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 41. Brazil electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 42. Middle East & Africa electric guitars market estimates and forecast, 2017 - 2030 (USD Million)
- 43. Middle East & Africa electric guitars market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 44. Middle East & Africa electric guitars market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
List of Figures
- 1. Electric guitars market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Electric guitars market - Penetration & growth prospect mapping, by distribution channel
- 7. Electric guitars market - Value chain analysis
- 8. Electric guitars market - Predicted event attendance for the second half of 2021, as a share of 2019 attendance
- 9. Electric guitars market: Porter's Five Forces Analysis
- 10. Electric guitars market - Roadmap
- 11. Electric guitars market: Product share (%) analysis, 2021 & 2030
- 12. Electric guitars market: Distribution channel share (%) analysis, 2021 & 2030
- 13. Electric guitars market: Regional share (%) analysis, 2021 & 2030
- 14. Electric guitars market: Company market share (%) analysis, 2021
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.