Brazil Electric Guitars Market Size & Outlook, 2022-2030
Brazil electric guitars market, 2017-2030 (US$M)
Related Markets
Brazil electric guitars market highlights
- The Brazil electric guitars market generated a revenue of USD 311.9 million in 2022 and is expected to reach USD 484.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.6% 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.
Electric guitars market data book summary
| Market revenue in 2022 | USD 311.9 million |
| Market revenue in 2030 | USD 484.0 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Solid body |
| Fastest growing segment | Semi-Hollow Body |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 6.9% of the global electric guitars market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil electric guitars market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 484.0 million by 2030.
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Electric Guitars Market Scope
Electric Guitars Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 67.36% in 2022. Horizon Databook has segmented the Brazil 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.
The rising number of music festivals and live events, as well as the increasing demand for music-related leisure activities, are factors likely to fuel the expansion of the electric guitars market. Various musical festivals are celebrated every year in the country, including Ultra Brasil, Rock in Rio, Virada Cultural, and Lollapalooza Brasil.
Furthermore, according to a blog published by Atalayar in April 2021, the Coachella festival is one of the biggest music festivals that is celebrated in Brazil, more than 750,000 people attended in 2019.
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Our clientele includes a mix of electric guitars market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil electric guitars market , including forecasts for subscribers. This country databook contains high-level insights into Brazil electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil electric guitars market size, by product, 2017-2030 (US$M)
Brazil Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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