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Electric Guitars Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5744143
The electric guitars market size has grown strongly in recent years. It will grow from $3.19 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historical period can be attributed to rock and roll culture, a cultural shift in music preferences, the influence of guitar icons, manufacturing advances, cultural symbolism, and media and advertising.

The electric guitars market size is expected to see rapid growth in the next few years. It will grow to $5.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in the forecast period can be attributed to the continued evolution of genres, e-commerce and online sales growth, sustainability and eco-friendly practices, global market expansion, and customization and personalization trends. Major trends in the forecast period include the influence of social media and digital platforms, technological innovations, digital integration, the rise in online sales, and artist collaborations.

The surge in music interest stands as a significant catalyst for the growth of the electric guitars market. Music holds a special place as a soul-refreshing and entertaining activity, attracting a growing number of enthusiasts. Electric guitars, with their captivating features and essence, play a pivotal role in various popular music genres. The allure of these genres inspires many individuals to embark on the journey of learning to play the guitar. For example, the Fender Musical Instruments Corporation (FMIC), a US-based manufacturer of musical instruments, reported a noteworthy trend in the first half of 2021. Approximately 16 million new guitarists embraced the instrument during this period, with nearly 1 million acoustic guitar imports and 96.50 lakh electric guitar imports - an impressive 35% increase over historical averages. This surge highlights the escalating interest in music and is poised to drive the growth of the electric guitars market in the foreseeable future.

The increasing prevalence of live concerts stands as a significant driver for the growth of the electric guitars market. Live concerts involve musicians or artists delivering performances directly to an audience, fostering a dynamic and immediate connection between performers and attendees. Electric guitars play a crucial role in live concerts, providing amplified sound, dynamic versatility, and a wide array of tones. For instance, in September 2022, MN2S Management Limited, a UK-based International Music and Talent agency, reported a substantial surge in concert attendance. The figures revealed a 20% increase, reaching 33.5 million spectators during the corresponding period. Additionally, the number of events promoted by the organization experienced a 20% rise to 12,500 in the second quarter of 2022, compared to 10,000 in the equivalent period in 2019. This upward trend in live concerts is anticipated to be a driving force for the growth of the electric guitars market in the foreseeable future.

Strategic partnerships and collaborations have become a prominent trend in the electric guitars market, with major companies in the sector actively seeking alliances to meet consumer demands and enhance their market positions. For example, in November 2021, ESP guitars, a Japan-based electric guitar manufacturer, entered into a collaboration with Finally. This partnership aimed to produce a series of limited-edition digital assets inspired by ESP's Pyrography electric guitars. Finally, a US-based company specializing in non-fungible tokens (NFT) for the music, sports, and entertainment industries, joined forces to bring a unique digital dimension to ESP's guitar offerings. Additionally, in October 2021, Fender, a US-based guitar manufacturing company, teamed up with the luxury car brand Lexus. The collaboration's goal was to craft a distinctive electric guitar named the LC Lexus Stratocaster. This unique guitar aimed to embody Lexus' commitment to bold design and intelligent technology. Lexus, a Japan-based luxury car manufacturer, and Fender collaborated to create a fusion of automotive and musical craftsmanship in the LC Lexus Stratocaster.

Major companies in the electric guitars market are actively pursuing innovation through the development of high-end electric guitars. A high-end electric guitar is characterized by its premium quality, crafted with meticulous attention to detail, utilizing top-tier materials and advanced construction techniques. For example, in June 2023, Taylor Guitars, a US-based guitar manufacturer, introduced the 'Powers Electric' brand. These electric guitars feature a SoCal surf-inspired A-Type hollow body. The A-Type represents a contemporary boutique instrument, drawing design influences from 20th-century automotive design and surf culture, while embodying a 21st-century aesthetic. Unique details, such as pickup control knobs and vibrato arm caps, are crafted using layers of surfboard resin, a byproduct derived from the process of sealing and waterproofing surfboards for ocean use. This innovation showcases a commitment to combining quality craftsmanship with creative design in the electric guitars market.

In November 2021, Fender Musical Instruments Corporation (FMIC), a US-based company known for manufacturing guitars, basses, amplifiers, and related equipment, made a strategic acquisition by purchasing PreSonus Audio Electronics for an undisclosed amount. This acquisition is set to integrate a cohesive ecosystem that harmoniously combines hardware and software, aiming to offer customers a seamless end-to-end experience throughout their creative journey. PreSonus Audio Electronics, a US-based company specializing in professional audio equipment, including electric guitars, now becomes a part of Fender's portfolio, reinforcing their position in providing comprehensive solutions for musicians and creators.

Major companies operating in the electric guitars market report are Gibson Brands Inc., EDM Music, Alembic Inc., Fender Musical Instruments Corporation, Yamaha Corporation, CF Martin & Company, Alvarez Guitars, Behringer Guitars, PRS Guitars, Paul Reed Smith Guitars Ltd., Ampeg, ESP Company Ltd., Schecter Guitar Research, Hoshino Gakki Co. Ltd., Dean Guitars, Babicz Guitars, Rickenbacker International Corp, Karl Hofner GmbH & Company KG, Carvin Corporation, B C Rich Guitars., G&L Musical Instruments, Michael Kelly Guitars, Jackson Guitars, Cort Guitars, Epiphone, Airline Guitars, Antoria, Aria Guitars, Ashton Music, Avalon Guitars.

Asia-Pacific was the largest region in the electric guitar market in 2023. The regions covered in the electric guitars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric guitars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of electric guitars include the electric acoustic guitar, seven-string guitar, solid-body guitar, hollow-body guitar, and other variations. Electric acoustic guitars are essentially acoustic guitars fitted with a pickup and often a preamp, enabling them to be plugged into an amplifier or PA system for live performances. These guitars come in various price ranges, categorized as low, medium, and high, and are available through a variety of online and offline channels. They cater to a diverse user base, including professionals, learners, and individual amateurs.

The electric guitars market research report is one of a series of new reports that provides electric guitars market statistics, including electric guitars industry global market size, regional shares, competitors with a electric guitars market share, detailed electric guitars market segments, market trends and opportunities, and any further data you may need to thrive in the electric guitars industry. This electric guitar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric guitars market consists of sales of soildbody guitars, stratocaster, super strat, telecaster, offset, les Paul, SG and flying V, semi-hollow guitars, and hollow body guitars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in these electric guitars market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Electric Guitars Market Characteristics3. Electric Guitars Market Trends and Strategies
4. Electric Guitars Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Electric Guitars Market Size and Growth
5.1. Global Electric Guitars Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Electric Guitars Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Electric Guitars Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Electric Guitars Market Segmentation
6.1. Global Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Electric Acoustic Guitar
  • Seven String Guitar
  • Solid Body Guitar
  • Hollow Body Guitar
  • Other Types
6.2. Global Electric Guitars Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Low
  • Medium
  • High
6.3. Global Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Online
  • Offline
6.4. Global Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Professionals
  • Learners
  • Individual Amateurs
7. Electric Guitars Market Regional and Country Analysis
7.1. Global Electric Guitars Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Electric Guitars Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Electric Guitars Market
8.1. Asia-Pacific Electric Guitars Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Electric Guitars Market
9.1. China Electric Guitars Market Overview
9.2. China Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Electric Guitars Market
10.1. India Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Electric Guitars Market
11.1. Japan Electric Guitars Market Overview
11.2. Japan Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Electric Guitars Market
12.1. Australia Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Electric Guitars Market
13.1. Indonesia Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Electric Guitars Market
14.1. South Korea Electric Guitars Market Overview
14.2. South Korea Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Electric Guitars Market
15.1. Western Europe Electric Guitars Market Overview
15.2. Western Europe Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Electric Guitars Market
16.1. UK Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Electric Guitars Market
17.1. Germany Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Electric Guitars Market
18.1. France Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Electric Guitars Market
19.1. Italy Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Electric Guitars Market
20.1. Spain Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Electric Guitars Market
21.1. Eastern Europe Electric Guitars Market Overview
21.2. Eastern Europe Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Electric Guitars Market
22.1. Russia Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Electric Guitars Market
23.1. North America Electric Guitars Market Overview
23.2. North America Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Electric Guitars Market
24.1. USA Electric Guitars Market Overview
24.2. USA Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Electric Guitars Market
25.1. Canada Electric Guitars Market Overview
25.2. Canada Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Electric Guitars Market
26.1. South America Electric Guitars Market Overview
26.2. South America Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Electric Guitars Market
27.1. Brazil Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Electric Guitars Market
28.1. Middle East Electric Guitars Market Overview
28.2. Middle East Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Electric Guitars Market
29.1. Africa Electric Guitars Market Overview
29.2. Africa Electric Guitars Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Electric Guitars Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Electric Guitars Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Electric Guitars Market Competitive Landscape and Company Profiles
30.1. Electric Guitars Market Competitive Landscape
30.2. Electric Guitars Market Company Profiles
30.2.1. Gibson Brands Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. EDM Music
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Alembic Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Fender Musical Instruments Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Yamaha Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Electric Guitars Market Other Major and Innovative Companies
31.1. CF Martin & Company
31.2. Alvarez Guitars
31.3. Behringer Guitars
31.4. PRS Guitars
31.5. Paul Reed Smith Guitars Ltd.
31.6. Ampeg
31.7. ESP Company Ltd
31.8. Schecter Guitar Research
31.9. Hoshino Gakki Co. Ltd.
31.10. Dean Guitars
31.11. Babicz Guitars
31.12. Rickenbacker International Corp
31.13. Karl Hofner GmbH & Company KG
31.14. Carvin Corporation
31.15. B C Rich Guitars.
32. Global Electric Guitars Market Competitive Benchmarking33. Global Electric Guitars Market Competitive Dashboard34. Key Mergers and Acquisitions in the Electric Guitars Market
35. Electric Guitars Market Future Outlook and Potential Analysis
35.1 Electric Guitars Market in 2028 - Countries Offering Most New Opportunities
35.2 Electric Guitars Market in 2028 - Segments Offering Most New Opportunities
35.3 Electric Guitars Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Electric Guitars Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electric guitars market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for electric guitars? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Electric Acoustic Guitar; Seven String Guitar; Solid Body Guitar; Hollow Body Guitar; Other Types
2) By Price: Low; Medium; High
3) By Distribution Channel: Online; Offline
4) By End-user: Professionals; Learners; Individual Amateurs

Key Companies Mentioned: Gibson Brands Inc.; EDM Music; Alembic Inc.; Fender Musical Instruments Corporation; Yamaha Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Gibson Brands Inc.
  • EDM Music
  • Alembic Inc.
  • Fender Musical Instruments Corporation
  • Yamaha Corporation
  • CF Martin & Company
  • Alvarez Guitars
  • Behringer Guitars
  • PRS Guitars
  • Paul Reed Smith Guitars Ltd.
  • Ampeg
  • ESP Company Ltd
  • Schecter Guitar Research
  • Hoshino Gakki Co. Ltd.
  • Dean Guitars
  • Babicz Guitars
  • Rickenbacker International Corp
  • Karl Hofner GmbH & Company KG
  • Carvin Corporation
  • B C Rich Guitars.
  • G&L Musical Instruments
  • Michael Kelly Guitars
  • Jackson Guitars
  • Cort Guitars
  • Epiphone
  • Airline Guitars
  • Antoria
  • Aria Guitars
  • Ashton Music
  • Avalon Guitars