Leading Electric Guitars Product Markets Databank

Leading Electric Guitars Product 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. Solid-body segment is expected to be the highest contributor to this market, with $2,721.8 Million in 2020, and is anticipated to reach $4,662.6 Million by 2029, registering a CAGR of 6.20%. Semi-hollow Body segment is anticipated to reach $1,307.4 Million by 2029 with the highest CAGR of 6.22%. Solid-body and Semi-hollow Body segments collectively expected to account for about 94.2% share of the Electric Guitars market in 2020, with the former constituting around 73.6% share. Semi-hollow Body and Solid-body segments are expected to witness significant growth rates at a CAGR of 6.22% and 6.20% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 94.2% in the overall Electric Guitars market in 2020, and is anticipated to reach 94.2% by 2029.