Leading Electric Guitars Application Markets Databank
The Electric Guitars market was valued at $3,700.0 Million in 2020, and is projected to reach $6,335.0 Million by 2029 growing at a CAGR of 6.20% from 2021 to 2029. Lead/Rhythm segment is expected to be the highest contributor to this market, with $3,084.8 Million in 2020, and is anticipated to reach $5,277.5 Million by 2029, registering a CAGR of 6.19%. Bass segment is anticipated to reach $1,057.5 Million by 2029 with the highest CAGR of 6.25%. Bass and Lead/Rhythm segments are expected to witness significant growth rates at a CAGR of 6.25% and 6.19% respectively, during the forecast period.
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