Global Electric Guitar Market Growth 2023-2029

Global Electric Guitar Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Electric Guitar Industry Forecast” looks at past sales and reviews total world Electric Guitar sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Guitar sales for 2023 through 2029. With Electric Guitar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Guitar industry.

This Insight Report provides a comprehensive analysis of the global Electric Guitar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Guitar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Guitar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Guitar and breaks down the forecast by type, by end user, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Guitar.

The global Electric Guitar market size is projected to grow from US$ 515.5 million in 2022 to US$ 634.4 million in 2029; it is expected to grow at a CAGR of 634.4 from 2023 to 2029.

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 include Gibson, Fender, Yamaha and Ibanez, ​account for about 65% of total industry revenue.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Guitar market by product type, end user, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Solid Body

Semi-Hollow Body

Hollow Body

Segmentation by end user

Individual Amateurs

Learning and Training

Professional Performance

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Gibson

Fender Musical Instruments Corporation

Yamaha

Ibanez

ESP

CORT

Epiphone

Squier

PRS

SCHECTER

Jackson

Peavey

Washburn

Taylor

Farida

Karl Höfner

Tokai

FujiGen Gakki

Fernandes Guitars

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Guitar market?

What factors are driving Electric Guitar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Guitar market opportunities vary by end market size?

How does Electric Guitar break out type, end user?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.