Latin America Electric Guitars Market Size & Outlook
Latin America electric guitars market, 2017-2030 (US$M)
Related Markets
Latin America electric guitars market highlights
- The Latin America electric guitars market generated a revenue of USD 393.1 million in 2022.
- The market is expected to grow at a CAGR of 5.5% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 393.1 million |
| Market revenue in 2030 | USD 602.9 million |
| Growth rate | 5.5% (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, Latin America region accounted for 8.8% 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 |
|---|
Latin America 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 66.5% in 2022. Horizon Databook has segmented the Latin America 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 growing popularity of rock & heavy metal genres as well as the overall rise in the number of bands in the region are expected to be the key factors boosting the market growth.
For instance, according to Geography Realm, there are more than 10,576 heavy metal bands throughout Central & South America, as of 2021.
A blog published by Jones Around the World in June 2019 stated that Lollapalooza Chile was one of the most important music festivals in Central & South America. Over 200,000 people attended the festival in 2019.
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Target buyers of Latin America 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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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 Latin America electric guitars market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America electric guitars market size, by country, 2017-2030 (US$M)
Latin America Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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