Electric Guitar Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A06464 | Pages: NA | Oct 2020 | 406 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Guitar Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Guitars are mainly of three types—acoustic, electric, and bass guitar. Out of these three electric guitars are those in which source of sound is not primarily strumming of the strings. Despite loud output is produced by the movement of the strings which capture and magnify the sound electronically. With the help of pedals, one can modify the sound produced by electric guitar. While in acoustic guitars, vibrations come directly from the strings and thus their sound cannot be modulated.
The market’s growth momentum is expected to increase throughout the forecast period because of the steady increase in year-over-year growth.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Type, Tailpiece System, Neck Shape, Application, and Distribution Channel, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
Companies covered | Gibson, Yamaha, Fender, Ibanez, C.F. Martin & Co., Inc., Epiphone Guitar Corp., Jackson, ESP, CORT, Carvin Corporation, Dean guitars, and Squier. |
COVID-19 Scenario Analysis:
- The tentacles of the Corona Virus has captured the music industry as well.
- 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.
- Composers and musicians are not able to go to their studios to compose new music.
- People who were solely dependent on music gigs have become unemployed.
- Many music albums could not be released as production is shut down.
- Social distancing has given a massive blow to the music and film industry worldwide.
- Artists are in great loss financially.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Electric guitars are used in rock and metal genres of music. The popularity of these genres is very high and hence it one of the major drivers of the global electric market. Changes in lifestyle, increase in disposable income, and a high standard of living encourages the consumers to spend more leisure activities. Thus, increasing the sales of musical instruments. Another reason that attributes toward the growth of the global electric guitar market is the increase in number of musical bands across the world.
The major restraint for the growth of electric guitar is that it is too expensive for most amateurs. Also, comparatively acoustic guitars are cheaper and require less maintenance.
A major challenge that the electric guitar market can face is that many virtual instrument applications are now available in mobile phones, which attracts customer attention. With this, the cost of manufacturing an electric guitar is very high, while there's a lack of highly skilled and trained labor.
The greatest opportunities are increase in music fests and continued growth of rock and metal music.
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.
Key Segments Covered:
Segments | Sub-segments |
Type |
|
Tailpiece System |
|
Neck Shape |
|
Application |
|
Distribution Channel |
|
Key Benefits of the Report:
- This study presents the analytical depiction of the global electric guitar industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electric guitar market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global electric guitar market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global electric guitar market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Electric Guitar Market Research Report:
- What are the leading market players active in the electric guitar market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Electric Guitar Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.