Global Electric Guitar Market: Emerging Trends, Major Key Players Gibson Brands, Inc. and Fender Musical Instruments

According to the report, The global electric guitars market size was valued at USD 3.62 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2021 to 2028. There is a huge demand for electric guitars in the music industry. The main reason behind the popularity of the electric guitar is the unique tone produced by it. They have a wider selection of strings and have different shapes with improved sound quality than the acoustic guitar. It also has a strap lock system to avoid damage while playing. The electric guitar is cost-effective and it is the perfect choice of guitar for beginners.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global ELECTRIC GUITAR industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Electric Guitar market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Electric Guitar players holding highest market share include Gibson Brands, Inc., Fender Musical Instruments, Karl Höfner GmbH & Co. KG and Ibanez Guitars. These players use expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Gibson Brands, Inc.
• Fender Musical Instruments
• Karl Höfner GmbH & Co. KG
• Ibanez Guitars
• Yamaha Corp.
• ESP Company, Ltd.
• Cort Guitars
• Michael Kelly Guitar Co
• EDM Music
• Epiphone

Segmental Analysis

Market Segment By Product with focus on market share, consumption trend, and growth rate of ELECTRIC GUITAR Market:
• Solid-body
• Semi-hollow Body
• Hollow-body

Market Segment By Type with focus on market share, consumption trend, and growth rate of ELECTRIC GUITAR Market:
• Lead/Rhythm
• Bass

Market Segment By Distribution Channel with a focus on market share, consumption trend, and growth rate of ELECTRIC GUITAR Market:
• Offline
• Online

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Global Electric Guitar Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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