Global Electric Guitars Market to Reach $514.3 Million by 2027
Amid the COVID-19 crisis, the global market for Electric Guitars estimated at US$443.1 Million in the year 2020, is projected to reach a revised size of US$514.3 Million by 2027, growing at a CAGR of 2.2% over the period 2020-2027.
The U.S. Market is Estimated at $119.9 Million, While China is Forecast to Grow at 4.1% CAGR
The Electric Guitars market in the U.S. is estimated at US$119.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$100.7 Million by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.We bring years of research experience to this 8th edition of our report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- C. F. Martin & Co., Inc.
- Carvin Corporation
- Dean Guitars
- Epiphone Guitar Corp.
- Fender Musical Instruments Corp.
- G&L Musical Instruments
- Godin Guitars
- Karl Hofner GmbH & Co. KG
- Rickenbacker International Corporation
- Samick Musical Instrument Co., Ltd.
- Schecter Guitar Research
- Yamaha Corporation