Electric Guitar Market Size 2021, by Types, Brands, Cost, Sales, Distribution Channel, Demand, Trends, and Growth Opportunities to 2025

(The Express Wire via Comtex)

This report studies the global market size of Electric Guitar in key regions like North America, Europe, Asia Pacific, Central and South America and Middle East and Africa, focuses on the consumption of Electric Guitar in these regions.

In 2017, the global Electric Guitar market size was 460 million US$ and is forecast to 610 million US in 2025, growing at a CAGR of 3.6% from 2018. The objectives of this study are to define, segment, and project the size of the Electric Guitar market based on company, product type, application and key regions.

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This research report categorizes the global Electric Guitar market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.

Electric guitars are a type of guitars in which strumming the strings themselves is not the primary source of the sound. Rather, the vibrations caused by the movement of the strings are captured and magnified electronically in order to produce a louder output. The sound of an electric guitar can also be electrically modified, since an electrical representation of the vibration of the string is produced in electric guitars. This can then be modulated with the help of dials and other controls on the electric guitar as well as pedals. This is the primary factor distinguishing electric guitars from acoustic guitars; the sound produced by the latter comes directly from the vibration of the strings and thus can’t be modulated electronically.

United States electric guitar market size was valued at around USD 373.59 million in 2016. APAC countries such as China, India, and South Korea currently have a low penetration rate but are expected to emerge as an attractive opportunity for vendors to venture during this period. The region is predicted to emerge as the fastest growing markets for electric guitars globally

The global Electric Guitar industry is characterized by several large international manufactures and many smaller regional manufactures. Therefore, market share concentration is relatively low. The four largest operators account for about 65.11% of total industry revenue in 2016. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures.

The increase in disposable income, changing lifestyles, and high standards of living have motivated individuals to spend more on leisure activities. It has led to a rise in the sales of musical instruments such as guitars, pianos, and keyboards. To capitalize on the market demand, vendors are predicted to focus more on the frequent changes in consumer preferences presented by the market. Established vendors are likely to scale up their investments in branding and expanding their collection of existing electric guitars, as well as acquiring new players.

The various contributors involved in the value chain of Electric Guitar include manufacturers, suppliers, distributors, intermediaries, and customers.

The key manufacturers in the Electric Guitar include

Gibson

Fender

Yamaha

Ibanez

ESP

CORT

Epiphone

Squier

PRS

SCHECTER

Jackson

Peavey

Washburn

Taylor

Farida

Karl Höfner

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Market Size Split by Type

Solid Body

Semi-Hollow Body

Hollow Body

Market Size Split by Application

Professional Performance

Learning and Training

Individual Amateurs

Market size split by Region

North America

United States

Canada

Mexico

Asia-Pacific

China

India

Japan

South Korea

Australia

Indonesia

Singapore

Malaysia

Philippines

Thailand

Vietnam

Europe

Germany

France

UK

Italy

Spain

Russia

Central and South America

Brazil

Rest of Central and South America

Middle East and Africa

GCC Countries

Turkey

Egypt

South Africa

Major Point from Table of Content:

Chapter One: Study Coverage
Chapter Two: Executive Summary
Chapter Three: Breakdown Data by Manufacturers
Chapter Four: Breakdown Data by Type
Chapter Five: Breakdown Data by Application
Chapter Six: North America
Chapter Seven: Europe
Chapter Eight: Asia Pacific
Chapter Nine: Central and South America
Chapter Ten: Middle East and Africa
Chapter Eleven: Company Profiles
11.1 Gibson
11.2 Fender
11.3 Yamaha
11.4 Ibanez
11.5 ESP
11.6 CORT
11.7 Epiphone
11.8 Squier
11.9 PRS
11.10 SCHECTER
11.11 Jackson
11.12 Peavey
11.13 Washburn
11.14 Taylor
11.15 Farida
11.16 Karl Höfner
Chapter Twelve: Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter Thirteen: Value Chain and Sales Channels AnalysisChapter Fourteen: Research Findings and Conclusion
Chapter Fifteen: Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Author Details
15.3 Disclaimer

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