India Electric Guitars Market Size & Outlook, 2022-2030
India electric guitars market, 2017-2030 (US$M)
Related Markets
India electric guitars market highlights
- The India electric guitars market generated a revenue of USD 344.6 million in 2022 and is expected to reach USD 627.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.8% 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.
Electric guitars market data book summary
| Market revenue in 2022 | USD 344.6 million |
| Market revenue in 2030 | USD 627.7 million |
| Growth rate | 7.8% (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, India accounted for 7.7% 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 Asia Pacific, China electric guitars market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 919.5 million by 2030.
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Electric Guitars Market Scope
Electric Guitars Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 68.17% in 2022. Horizon Databook has segmented the India 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 electric guitar market in India has taken a serious blow due to the COVID-19 pandemic. Most nonessential stores were closed during the extended lockdown periods, which meant that almost all music stores also remained shut.
Nevertheless, the country is set to gain momentum over the forecast period and register a rapid growth rate, supported by the consolidating presence of manufacturers of musical instruments as well as the growing inclination of the youth toward learning music.
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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 country-level data and insights on the India electric guitars market , including forecasts for subscribers. This country databook contains high-level insights into India electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India electric guitars market size, by product, 2017-2030 (US$M)
India Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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