Press release
Electric Guitars Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Gibson Brands Inc., Fender Musical Instruments Corporation, Ibanez Guitars, Yamaha Corporation, Rickenbacker International Corp
Electric Guitars Market
As per the Electric Guitars market report by The Business Research Company, the growing interest in music is a major factor driving the growth of the electric guitars market. People are showing interest in music, as music refreshes the soul and is an excellent source of entertainment. Electric guitars, including gemstones and essence, are crucial in popular music genres, and the fashion ability of these genres motivates many people to learn to play the guitar.
The global electric guitars market size grew from $2.84 billion in 2022 to $3.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The electric guitars market size is expected to grow to $3.89 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the Electric Guitars market include Gibson Brands Inc., Fender Musical Instruments Corporation, Ibanez Guitars, Yamaha Corporation, Rickenbacker International Corp, Carvin Corporation, Karl Hofner GmbH & Company KG, ESP Company Ltd., G&L Musical Instruments, Cort Guitars, Dean Guitars, Michael Kelly Guitars, CF Martin & Company, Epiphone, Gibson Brands Inc., EDM Music, and B C Rich Guitars.
The Electric Guitars market is segmented -
• By Type: Electric Acoustic Guitar, Seven String Guitar, Solid Body Guitar, Hollow Body Guitar, Other Types
• By Price: Low, Medium, High
• By Distribution Channel: Online, Offline
• By End-user: Professionals, Learners, Individual Amateurs
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Electric Guitars market.
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Electric guitars refer to a guitar with electric or magnetic pickups that allow the sound to be enhanced and broadcast through a loudspeaker. The electric guitar is a sound-producing instrument with a wooden body and steel strings. It converts the vibrations of its strings into electrical impulses, which are then reproduced as sound by loudspeakers, using one or more pickups.
The Table Of Content For The Electric Guitars Market Include:
1. Executive Summary
2. Electric Guitars Market Characteristics
3. Electric Guitars Market Trends And Strategies
4. Electric Guitars - Macro Economic Scenario
5. Electric Guitars Market Size And Growth
………
28. Key Mergers And Acquisitions In The Electric Guitars Market
29. Electric Guitars Market Future Outlook and Potential Analysis
30. Appendix
The "Global Electric Guitars Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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