Europe Electric Guitars Market Size & Outlook, 2022-2030
Europe electric guitars market, 2017-2030 (US$M)
Related Markets
Europe electric guitars market highlights
- The Europe electric guitars market generated a revenue of USD 1,052.8 million in 2022.
- The market is expected to grow at a CAGR of 5.8% 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, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,052.8 million |
| Market revenue in 2030 | USD 1,655.7 million |
| Growth rate | 5.8% (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, Europe region accounted for 23.4% 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 |
|---|
Europe 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 64.46% in 2022. Horizon Databook has segmented the Europe 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 popularity of rock and heavy metal genres and the increasing number of bands in Europe are expected to be the key factors to boost the electric guitars market. For instance, according to Geography Realm, in 2021, there were more than 22,157 heavy metal bands in Europe.
Furthermore, according to the same source, in May 2021, Finland was ranked the number one country with the highest ratio of heavy metal bands to 100,000 residents, i.e., 42.61 bands per 100,000 residents.
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Our clientele includes a mix of electric guitars market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric guitars market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe electric guitars market size, by country, 2017-2030 (US$M)
Europe Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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