Electric Guitar Market size was valued at US$ 23.55 Bn. in 2022. Solid-Body, one of the segments reviewed in our reports dominated the Electric Guitar Market.
Electric Guitar Market Overview:
The Global Electric Guitar Market 2021 report by Maximize Market Research is a comprehensive analysis of the market, including its regional insights, changing trends, industry environment, and key players. The report is based on both primary and secondary research, and the results are presented in a logical and easy-to-understand format.
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Electric Guitar Market Scope:
MMR’s research provides a comprehensive overview of the Electric Guitar Market, identifying the leading global companies based on factors such as volume, value, market share, strategies, and industry growth. The research also offers strategies for existing and new market entrants, and is expected to help businesses improve their market position. The report includes market revenue by region and country, as well as segmentation by type and end users.
Electric Guitar Market Segmentation:
By Product, Solid-body guitars dominated the market with 70 % in 2022. These products can amplify a louder tone without running into feedback issues. These solid-body guitars offer excellent responsively, and they primarily rely on amplification for the best performance. Key Manufacturers, including Gibson Brands, Inc. and Yamaha Corporation, adopt several strategies, including new product launches to cater to the rising demand for electric guitars.
The electric guitar is around 30 percent lighter than a traditional electric instrument, with a reduced weight by approximately six pounds without compromising styling and sonic quality. These features are driving the segment growth in the electric guitar market.
By Distribution Channel, Offline Channel dominated the market with 80 % share in 2022. For market penetration, retailers are opening new stores in various states across the country and consumers prefer to buy guitars by trying those hands-on. The consumers can compare, play it, check the size which suits them. These are the factors driving the market growth through the forecast period.
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Electric Guitar Market Key Players:
3 KKR & Co. Inc.
4 Rickenbacker International Corp.
5 Samson Technologies Corp.
6 Schecter Guitar Research Inc.
7 The ESP Guitar Co.
8 Carvin Corporation
9 Dean Guitars
10 Epiphone Guitar Corp.
11 Fender Musical Instruments Corporation
12 Gibson Guitar Corporation
13 Ibanez Guitars
14 Martin & Co., Inc.
15 Paul Reed Smith Guitars Ltd.
16 Yamaha Corporation
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Regional Analysis:
The report is focused on the five most important regions for the Electric Guitar Market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions are responsible for the majority of the world’s Electric Guitar Market consumption.
Key Questions answered in the Electric Guitar Market are:
- What is Electric Guitar Market?
- What is the forecast period of the Electric Guitar Market?
- What is the competitive scenario of the Electric Guitar Market?
- Which region held the largest market share in the Electric Guitar Market?
- What are the opportunities for the Electric Guitar Market?
- What are the restraining factors in the Electric Guitar Market?
- Who are the key players of the Electric Guitar Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Electric Guitar Market
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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