Asia Pacific Electric Guitars Market Size & Outlook
Asia Pacific electric guitars market, 2017-2030 (US$M)
Related Markets
Asia Pacific electric guitars market highlights
- The Asia Pacific electric guitars market generated a revenue of USD 1,743.0 million in 2022.
- The market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, solid body was the largest revenue generating product in 2022.
- Semi-Hollow Body is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,743.0 million |
| Market revenue in 2030 | USD 3,162.4 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Solid body |
| Fastest growing segment | Semi-Hollow Body |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Body, Semi-Hollow Body, Hollow Body, Accessories |
| Key market players worldwide | KKR & Co Inc Ordinary Shares, Yamaha Corp, Fender, Boosey & Hawkes, Ibanez, The ESP Guitar Company, CORTEK |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.8% of the global electric guitars market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,162.4 million by 2030.
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Electric Guitars Market Scope
Electric Guitars Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific electric guitars market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric guitars market will help companies and investors design strategic landscapes.
Solid body was the largest segment with a revenue share of 67.5% in 2022. Horizon Databook has segmented the Asia Pacific electric guitars market based on solid body, semi-hollow body, hollow body, accessories covering the revenue growth of each sub-segment from 2017 to 2030.
A strong consumer influence and rapidly evolving consumer tastes on account of increasing levels of per capita disposable income have been driving the growth of the electric guitar market in the region.
The growing interest of people in music and the ability to spend on entertainment and leisure activities have further boosted the demand for electric guitars in Asia Pacific. Moreover, the increasing number of musical bands conducting music shows and festivals is likely to propel the electric guitar market over the forecast period.
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Target buyers of Asia Pacific electric guitars market databook
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Our clientele includes a mix of electric guitars market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific electric guitars market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific electric guitars market size, by country, 2017-2030 (US$M)
Asia Pacific Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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