Press release
Electric Guitar Market Analysis 2023 Solid-Body Segment Drives Growth in a $24.37 Billion Industry
Electric Guitar Market
The global electric guitar market is poised for significant growth, with innovation and regional expansion driving its trajectory. Valued at approximately USD [insert value from the report] in 2023, the market is projected to grow at a CAGR of [insert CAGR]% through 2030, reaching USD [insert projected value]. This growth is attributed to rising interest in music globally, the surge in independent artists, and technological advancements in electric guitar manufacturing. This press release explores country-specific data, recent mergers and acquisitions, and market trends in the US, Vietnam, Thailand, Japan, China, South Korea, Singapore, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/126731/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Vietnam is emerging as a thriving market for electric guitars due to its growing youth population and increasing interest in Western music genres. The establishment of local music festivals has further fueled demand for electric guitars. Recent mergers, such as Yamaha Corporation's partnership with local distributors, have enhanced market penetration.
Trends in Vietnam
Affordable guitar models dominate consumer preferences.
Local manufacturers are innovating to compete with international brands.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
The electric guitar market in Thailand is experiencing robust growth, bolstered by the popularity of rock and pop music. Events like the Bangkok Music Festival are influencing the market significantly.
Consolidation in Thailand
Recent mergers between Fender and local retailers have expanded accessibility, ensuring a stronger presence in the market.
Updation in Thailand
Brands are leveraging e-commerce platforms for sales, creating a convenient buying experience.
๐๐๐ฉ๐๐ง: ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Japan's electric guitar market continues to thrive, driven by its established music culture and renowned festivals like Summer Sonic. The demand for high-end and vintage electric guitars remains strong.
Growth in Japan
Japan's technological expertise fosters innovation in guitar manufacturing. Companies like Ibanez and Yamaha dominate the high-quality segment.
Updation in Japan
The introduction of eco-friendly materials in manufacturing is a notable trend in Japan's electric guitar industry.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/126731/
๐๐ก๐ข๐ง๐: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
China's electric guitar market is expanding rapidly, underpinned by the increasing number of music schools and cultural integration of Western music.
Trends in China
Affordable guitar brands such as Cort and Epiphone are capturing significant market share.
Urbanization and rising disposable income have spurred growth.
Consolidation in China
Gibson Brands, Inc. has recently collaborated with Chinese retailers to enhance distribution channels.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
South Korea's market growth is driven by its vibrant music industry, particularly the global influence of K-pop. The rising popularity of music education in schools is boosting demand.
Growth in South Korea
Key players like PRS Guitars have partnered with local distributors, enhancing product availability.
Updation in South Korea
Online platforms are pivotal for sales, with a growing number of younger buyers opting for e-commerce channels.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
Singapore's affluent population and interest in premium music instruments make it a lucrative market for electric guitars.
Trends in Singapore
Premium electric guitars by brands like Fender and Gibson lead the market.
Music schools and private lessons are key drivers of growth.
Updation in Singapore
The rise of virtual reality (VR) music lessons is creating new opportunities in the market.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/126731/
๐๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
The US remains the largest market for electric guitars, driven by a rich music heritage and the dominance of rock and country music.
Growth in the US
Electric guitar innovations, such as smart guitars, are transforming the industry. Fender and Gibson continue to dominate, offering state-of-the-art models.
Consolidation in the US
Fender Musical Instruments Corporation recently acquired smaller brands to expand its market share.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ
Europe's electric guitar market is shaped by its rich music history and increasing interest in modern music genres. Countries like Germany and the UK are at the forefront.
Trends in Europe
High-quality vintage guitars are highly sought after.
Music education initiatives in schools boost the market.
Consolidation in Europe
Yamaha Corporation has solidified its presence by partnering with European distributors.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/electric-guitar-market/126731/
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Solid-Body
Semi-Hollow Body
Hollow Body
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Offline
Online
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ข๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1 HOSHINO GAKKI Co. Ltd.
2 Karl Hofner GmbH & Co. KG
3 KKR & Co. Inc.
4 Rickenbacker International Corp.
5 Samson Technologies Corp.
6 Schecter Guitar Research Inc.
7 The ESP Guitar Co.
8 Carvin Corporation
9 Dean Guitars
10 Epiphone Guitar Corp.
11 Fender Musical Instruments Corporation
12 Gibson Guitar Corporation
13 Ibanez Guitars
14 Martin & Co., Inc.
15 Paul Reed Smith Guitars Ltd.
16 Yamaha Corporation
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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