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Global Electric Guitar Market Analysis & Trends - Industry Forecast to 2028

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Electric Guitar: Market Size From $1.30 billion in 2020, the global Electric Guitar market is projected to reach $1.78 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 4.0% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include increase in disposable income, rise in the number of musical bands across the world, and rapid economic expansions. Global Electric Guitar Market: Market Dynamics The rising number of live concerts, along with the commercialization of music festivals, augments the demand for musical instruments, such as electric guitars. High standard of living has encouraged consumers to spend more on leisure activities, which, in turn, has increased product sales. Many countries across the world have been undergoing rapid economic expansions and are characterized by a young population who tend to spend more on leisure activities. This has led to a rise in the demand electric guitars. Moreover, governments� willingness to diversify their economies across the globe has led to a huge impetus for commercial music schools and colleges. Vendors are focusing on frequently changing consumer preferences so that market demand can be capitalized. Existing manufacturers are expanding their collection of existing guitars and also acquiring new players. Large manufacturing companies of an electric guitar are trying to expand their reach globally so that they can add value and turn struggling markets into profitable ones. Many educational institutes have made music a part of their curriculum. This will engage youngsters and enhance their music skills and knowledge, further contributing to the rise in demand for music instruments. On the other hand, the cost of manufacturing and lack of highly skilled and trained labor are likely to obstruct the profit boundaries. In addition, increase in music fests and continued growth of rock and metal music will further boost for the electric guitar market. Impact of COVID-19 on Electric Guitar The COVID-19 pandemic had an adverse impact on the global market owing to disruptions caused in the supply chain and the imposition of nationwide lockdown across several countries. Sales of musical instruments have stopped due to the lockdown situation. This lockdown has also led to the shutdown of manufacturing units. Numerous musical events, like live concerts, music fests, and concert tours have been canceled and postponed. People who were solely dependent on music gigs have become unemployed. In addition, the economic slowdown and geopolitical factors have affected the overall growth of the market, especially in 2020. Although, a surge in product sales was observed towards end of July 2020, as several consumers started taking up hobbies, which led to overall growth in the electric guitar market. By Distribution Channel Online Segment Dominate the Market in 2020 The online segment made huge revenue in 2020 and growing its prominence during the forecast period. Online platforms including social media and Google Ads play an essential role in influencing consumer preferences. The customers can make a purchase from a remote location, which adds to the convenience. Furthermore, the COVID-19 pandemic had a major impact on the buying behavior of consumers worldwide. Consumers have primarily shifted to online platforms to adhere to social distancing measures, which has resulted in increased product sales through online channels. The emergence of e-commerce portals is likely to result in considerable growth prospects for the segment owing to a broader distribution network and higher product availability. By Geography Asia Pacific Region is Leading in the Global Market Place Asia Pacific region is likely to have a huge demand in the forecast period owing to the strong consumer influence and rapidly evolving consumer tastes on account of increasing levels of per capita disposable income. The growing interest of people in music and the ability to spend on entertainment and leisure activities have further boosted the product demand in Asia Pacific. Moreover, the increasing number of musical bands conducting music shows and festivals is likely to propel market growth over the forecast period. List of the Key Players Profiled in the Market Include: � Carvin Corporation � Cort Guitars � Dean guitars � EDM Music � Epiphone � ESP Company, Ltd. � Fender Musical Instruments � Gibson Brands, Inc. � Ibanez Guitars � Jackson � Karl H�fner GmbH & Co. KG � Martin & Co., Inc � Michael Kelly Guitar Co � Squier � Yamaha Corp. List of the Regions/Countries Profiled in the Market Include: North America � US � Canada � Mexico Europe � Germany � U.K � Italy � France � Spain � Rest of Europe Asia Pacific � China � Japan � India � Australia � New Zealand � Rest of Asia Pacific Middle East � Saudi Arabia � UAE � Rest of Middle East Latin America � Argentina � Brazil � Rest of Latin America Rest of the World (RoW) � South Africa � Others

1 Market Outline 1.1 Definition 1.2 Market Segmentation & Scope 1.3 Market Trends 1.4 Regulatory Factors 1.5 Product Analysis 1.6 Application Analysis 1.7 Strategic Benchmarking 1.8 Opportunity Analysis 2 Executive Summary 3 Research Methodology and Data Source 3.1 Methodology/Research Approach 3.1.1 Research Programs/Design 3.1.2 Market Size Estimation 3.2 Data Source and Assumptions 3.2.1 Purchased Database 3.2.2 Company Repository 3.2.3 Secondary Sources 3.2.4 Primary Research 3.2.5 List of Assumptions 4 Market Overview 4.1 Current Trends 4.1.1 Increase in Disposable Income 4.1.2 Rise in the Number of Musical Bands Across the World 4.1.3 Rapid Economic Expansions 4.1.4 Growth Opportunities/Investment Opportunities 4.2 Drivers 4.3 Constraints 4.4 Impact of COVID-19 5 Market Factor Analysis 5.1 Porters Five Forces 5.1.1 Bargaining power of suppliers 5.1.2 Bargaining power of buyers 5.1.3 Threat of substitutes 5.1.4 Threat of new entrants 5.1.5 Competitive rivalry 5.2 Value Chain Analysis/Supply Chain Analysis 6 Consumer behaviour analysis/Consumer Research 6.1 Consumer trends and preferences 6.2 Factors affecting buying decision 6.3 Consumer product adoption 6.4 Observation & Recommendations 7 Electric Guitar Market, By Product 7.1 Lead/Rhythm Electric Guitar DATA TABLE Lead/Rhythm Electric Guitar Market Forecast to 2028 (US$ MN) 7.2 Bass Electric Guitar DATA TABLE Bass Electric Guitar Market Forecast to 2028 (US$ MN) 8 Electric Guitar Market, By Price 8.1 Low DATA TABLE Low Market Forecast to 2028 (US$ MN) 8.2 Medium DATA TABLE Medium Market Forecast to 2028 (US$ MN) 8.3 High DATA TABLE High Market Forecast to 2028 (US$ MN) 9 Electric Guitar Market, By Neck Shape 9.1 Folding Neck DATA TABLE Folding Neck Market Forecast to 2028 (US$ MN) 9.2 V Necks DATA TABLE V Necks Market Forecast to 2028 (US$ MN) 9.3 C Necks DATA TABLE C Necks Market Forecast to 2028 (US$ MN) 9.4 U Necks DATA TABLE U Necks Market Forecast to 2028 (US$ MN) 10 Electric Guitar Market, By Tailpiece System 10.1 Vibrato Arms DATA TABLE Vibrato Arms Market Forecast to 2028 (US$ MN) 10.2 Hard Tail DATA TABLE Hard Tail Market Forecast to 2028 (US$ MN) 10.3 String-through Body DATA TABLE String-through Body Market Forecast to 2028 (US$ MN) 10.4 Floating Tailpiece DATA TABLE Floating Tailpiece Market Forecast to 2028 (US$ MN) 11 Electric Guitar Market, By Type 11.1 Solid Body Guitar DATA TABLE Solid Body Guitar Market Forecast to 2028 (US$ MN) 11.2 Hollow Body Guitars DATA TABLE Hollow Body Guitars Market Forecast to 2028 (US$ MN) 11.3 Semi-hollow Body DATA TABLE Semi-hollow Body Market Forecast to 2028 (US$ MN) 11.4 Electric Acoustic Guitar DATA TABLE Electric Acoustic Guitar Market Forecast to 2028 (US$ MN) 11.5 Seven String Guitar DATA TABLE Seven String Guitar Market Forecast to 2028 (US$ MN) 11.6 Semi-Acoustic Guitar DATA TABLE Semi-Acoustic Guitar Market Forecast to 2028 (US$ MN) 11.7 Chambered Bodies Guitar DATA TABLE Chambered Bodies Guitar Market Forecast to 2028 (US$ MN) 11.8 Twelve String Electric Guitar DATA TABLE Twelve String Electric Guitar Market Forecast to 2028 (US$ MN) 12 Electric Guitar Market, By Distribution Channel 12.1 Offline DATA TABLE Offline Market Forecast to 2028 (US$ MN) 12.1.1 Specialty Stores DATA TABLE Specialty Stores Market Forecast to 2028 (US$ MN) 12.1.2 Other Retail Based Stores DATA TABLE Other Retail Based Stores Market Forecast to 2028 (US$ MN) 12.2 Online DATA TABLE Online Market Forecast to 2028 (US$ MN) 12.2.1 E-commerce Websites DATA TABLE E-commerce Websites Market Forecast to 2028 (US$ MN) 12.2.2 Company Owned Websites DATA TABLE Company Owned Websites Market Forecast to 2028 (US$ MN) 13 Electric Guitar Market, By Application 13.1 Professional Performance DATA TABLE Professional Performance Market Forecast to 2028 (US$ MN) 13.2 Learning & Training DATA TABLE Learning & Training Market Forecast to 2028 (US$ MN) 13.3 Individual Amateurs DATA TABLE Individual Amateurs Market Forecast to 2028 (US$ MN) 14 Electric Guitar Market, By Geography 14.1 North America DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN) 14.1.1 US 14.1.2 Canada 14.1.3 Mexico 14.2 Europe DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN) 14.2.1 Germany 14.2.2 U.K 14.2.3 Italy 14.2.4 France 14.2.5 Spain 14.2.6 Rest of Europe 14.3 Asia Pacific DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN) 14.3.1 China 14.3.2 Japan 14.3.3 India 14.3.4 Australia 14.3.5 New Zealand 14.3.6 Rest of Asia Pacific 14.4 Middle East DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN) 14.4.1 Saudi Arabia 14.4.2 UAE 14.4.3 Rest of Middle East 14.5 Latin America DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN) 14.5.1 Argentina 14.5.2 Brazil 14.5.3 Rest of Latin America 14.6 Rest of the World (RoW) DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN) 14.6.1 South Africa 14.6.2 Others 15 Key Player Activities 15.1 Acquisitions & Mergers 15.2 Agreements, Partnerships, Collaborations and Joint Ventures 15.3 Product Launch & Expansions 15.4 Other Activities 16 Leading Companies 16.1 Carvin Corporation 16.2 Cort Guitars 16.3 Dean guitars 16.4 EDM Music 16.5 Epiphone 16.6 ESP Company, Ltd. 16.7 Fender Musical Instruments 16.8 Gibson Brands, Inc. 16.9 Ibanez Guitars 16.10 Jackson 16.11 Karl Höfner GmbH & Co. KG 16.12 Martin & Co., Inc 16.13 Michael Kelly Guitar Co 16.14 Squier 16.15 Yamaha Corp. List of Tables Table 1 Global Electric Guitar Market By Region, Market Forecast (2018-2028) (US $MN) Table 2 Global Electric Guitar Market By Product, Market Forecast (2018-2028) (US $MN) Table 3 Global Electric Guitar Market By Lead/Rhythm Electric Guitar, Market Forecast (2018-2028) (US $MN) Table 4 Global Electric Guitar Market By Bass Electric Guitar, Market Forecast (2018-2028) (US $MN) Table 5 Global Electric Guitar Market By Price, Market Forecast (2018-2028) (US $MN) Table 6 Global Electric Guitar Market By Low, Market Forecast (2018-2028) (US $MN) Table 7 Global Electric Guitar Market By Medium, Market Forecast (2018-2028) (US $MN) Table 8 Global Electric Guitar Market By High, Market Forecast (2018-2028) (US $MN) Table 9 Global Electric Guitar Market By Neck Shape, Market Forecast (2018-2028) (US $MN) Table 10 Global Electric Guitar Market By Folding Neck, Market Forecast (2018-2028) (US $MN) Table 11 Global Electric Guitar Market By V Necks, Market Forecast (2018-2028) (US $MN) Table 12 Global Electric Guitar Market By C Necks, Market Forecast (2018-2028) (US $MN) Table 13 Global Electric Guitar Market By U Necks, Market Forecast (2018-2028) (US $MN) Table 14 Global Electric Guitar Market By Tailpiece System, Market Forecast (2018-2028) (US $MN) Table 15 Global Electric Guitar Market By Vibrato Arms, Market Forecast (2018-2028) (US $MN) Table 16 Global Electric Guitar Market By Hard Tail, Market Forecast (2018-2028) (US $MN) Table 17 Global Electric Guitar Market By String-through Body, Market Forecast (2018-2028) (US $MN) Table 18 Global Electric Guitar Market By Floating Tailpiece, Market Forecast (2018-2028) (US $MN) Table 19 Global Electric Guitar Market By Type, Market Forecast (2018-2028) (US $MN) Table 20 Global Electric Guitar Market By Solid Body Guitar, Market Forecast (2018-2028) (US $MN) Table 21 Global Electric Guitar Market By Hollow Body Guitars, Market Forecast (2018-2028) (US $MN) Table 22 Global Electric Guitar Market By Semi-hollow Body, Market Forecast (2018-2028) (US $MN) Table 23 Global Electric Guitar Market By Electric Acoustic Guitar, Market Forecast (2018-2028) (US $MN) Table 24 Global Electric Guitar Market By Seven String Guitar, Market Forecast (2018-2028) (US $MN) Table 25 Global Electric Guitar Market By Semi-Acoustic Guitar, Market Forecast (2018-2028) (US $MN) Table 26 Global Electric Guitar Market By Chambered Bodies Guitar, Market Forecast (2018-2028) (US $MN) Table 27 Global Electric Guitar Market By Twelve String Electric Guitar, Market Forecast (2018-2028) (US $MN) Table 28 Global Electric Guitar Market By Distribution Channel, Market Forecast (2018-2028) (US $MN) Table 29 Global Electric Guitar Market By Offline, Market Forecast (2018-2028) (US $MN) Table 30 Global Electric Guitar Market By Specialty Stores, Market Forecast (2018-2028) (US $MN) Table 31 Global Electric Guitar Market By Other Retail Based Stores, Market Forecast (2018-2028) (US $MN) Table 32 Global Electric Guitar Market By Online, Market Forecast (2018-2028) (US $MN) Table 33 Global Electric Guitar Market By E-commerce Websites, Market Forecast (2018-2028) (US $MN) Table 34 Global Electric Guitar Market By Company Owned Websites, Market Forecast (2018-2028) (US $MN) Table 35 Global Electric Guitar Market By Application, Market Forecast (2018-2028) (US $MN) Table 36 Global Electric Guitar Market By Professional Performance, Market Forecast (2018-2028) (US $MN) Table 37 Global Electric Guitar Market By Learning & Training, Market Forecast (2018-2028) (US $MN) Table 38 Global Electric Guitar Market By Individual Amateurs, Market Forecast (2018-2028) (US $MN) NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.

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