Press Releases

Electric Guitars Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030

Share This Article

The global Electric Guitars market size is expected to be worth around US$ 9.4 billion by 2030, according to a new report by Vision Research Reports.

The global Electric Guitars market size was valued at US$ 4.62 billion in 2020 and is anticipated to grow at a CAGR of 8.3% during forecast period 2021 to 2030.

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/38990

Report Coverage

Report Scope Details
Market Size US$ 9.4 Billion by 2030
Growth Rate CAGR of 8.3% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Type, Distribution channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Gibson Brands, Inc.; Fender Musical Instruments; Karl Höfner GmbH & Co. KG; Ibanez Guitars; Yamaha Corp.; ESP Company, Ltd.;Cort Guitars; Michael Kelly Guitar Co.; EDM Music; Epiphone

Growth Factors

Increasing number of beginner guitarists, particularly, young children opting for music courses in their schools, has been a major driving force for the global market. The evolution of popular music genres into global phenomenon and commercialization of concerts have led to ample capital inflow in the music industry, therefore incentivizing upcoming musicians and providing established music bands a roster to perform to larger audiences in various geographies. The influx of new record labels and the advent of super concerts &new music festivals are also among the key factors driving the product demand across the globe.

Increasing music enthusiasm among the millennials is projected to be a key factor driving the market growth. Also, the rising number of live concerts, along with the commercialization of music festivals, augmentthe demand for musical instruments, such as electric guitars. The COVID-19 pandemic had an adverse impact on the global market owing to disruptions caused in the supply chain and the imposition of nationwide lockdown across several countries.

By Product Analysis

The solid-body product segment dominated the market with a revenue share of over 70% in 2020. These products can amplify a louder tone without running into feedback issues. The solid-body guitars offer great responsivity and they largely rely on amplification for the best performance.

The new model features okoume body, rosewood fingerboard, and hard rock maple ‘soft C’ profile neck. In addition, the original Rhythm/Solo toggle switch has been revamped as a three-way pickup selector that blends with the middle-pickup selector switch and Bass Cut switch to offer a total of seven tonal permutations.

By Type Analysis

The lead/rhythm type segment held the largest market share of more than 83% in 2020 and is expected to maintain dominance growing at the fastest CAGR over the forecast period. Since these guitars serve broad-ranging purposes, they are anticipated to grow at a faster pace over the forecast period.

Rhythmic guitars are essential to provide the rhythm of the song while lead guitars are suitable when the songs need a lot of melodic lines.The bass guitar, together with drums, only provides the foundation of the song. These aspects have been supporting the growth of the lead/rhythm type segment over the bass type segment.

By Distribution Channel Analysis

The offline distribution channel accounted for the largest revenue share of more than 77% in 2020. The offline distribution channels offer significant advantages, such as freedom of selection, low product prices, and high visibility of brands, which make them a suitable platform for all types of customers.

online platforms including social media and Google Ads play an essential role in influencing consumer preferences. The customers can make a purchase from a remote location, which adds to the convenience. Furthermore, the COVID-19 pandemic had a major impact on the buying behavior of consumers worldwide.

By Regional Analysis

Asia Pacific was the largest regional market in 2020 and is estimated to expand further at the fastest CAGR of 9.2% from 2021 to 2030.A strong consumer influence and rapidly evolving consumer tastes on account of increasing levels of per capita disposable income have been driving the market growth in this region.

North America is expected to register the second-fastest CAGR from 2021 to 2030 owing to the increasing number of music concerts and rising popularity of live-music concepts.

Key Players

  • Gibson Brands, Inc.
  • Fender Musical Instruments
  • Karl Höfner GmbH & Co. KG
  • Ibanez Guitars
  • Yamaha Corp.
  • ESP Company, Ltd.
  • Cort Guitars
  • Michael Kelly Guitar Co
  • EDM Music
  • Epiphone

Market Segmentation

  • By Product
    • Solid-body
    • Semi-hollow Body
    • Hollow-body
  • By Type
    • Lead/Rhythm
    • Bass
  • By Distribution Channel
    • Offline
    • Online
  • Regional
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38990

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Electric Guitars Market, By Product

7.1.  Electric Guitars Market, by Product, 2021-2030

7.1.1.    Solid-body

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Semi-hollow Body

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Hollow-body

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Electric Guitars Market, By Type

8.1.  Electric Guitars Market, by Type, 2021-2030

8.1.1.    Lead/Rhythm

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Bass

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Electric Guitars Market, By Distribution Channel

9.1.  Electric Guitars Market, by Distribution Channel, 2021-2030

9.1.1.    Offline

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Online

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Electric Guitars Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2017-2030)

10.1.2.  Market Revenue and Forecast, by Type (2017-2030)

10.1.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Type (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Type (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product (2017-2030)

10.2.2.  Market Revenue and Forecast, by Type (2017-2030)

10.2.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Type (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Type (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Type (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Type (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product (2017-2030)

10.3.2.  Market Revenue and Forecast, by Type (2017-2030)

10.3.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Type (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Type (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Type (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Type (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product (2017-2030)

10.4.2.  Market Revenue and Forecast, by Type (2017-2030)

10.4.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Type (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Type (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Type (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Type (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product (2017-2030)

10.5.2.  Market Revenue and Forecast, by Type (2017-2030)

10.5.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Type (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Type (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 11.  Company Profiles

11.1.              Gibson Brands, Inc.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Fender Musical Instruments

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Karl Höfner GmbH & Co. KG

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Ibanez Guitars

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Yamaha Corp.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              ESP Company, Ltd.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Cort Guitars

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Michael Kelly Guitar Co

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              EDM Music

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Epiphone

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38990

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com

Related Articles

Back to top button