North America Electric Guitars Market Size & Outlook
North America electric guitars market, 2017-2030 (US$M)
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North America electric guitars market highlights
- The North America electric guitars market generated a revenue of USD 1,153.5 million in 2022.
- The market is expected to grow at a CAGR of 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,153.5 million |
| Market revenue in 2030 | USD 1,979.6 million |
| Growth rate | 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, North America region accounted for 25.7% 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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North 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 61.25% in 2022. Horizon Databook has segmented the North 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.
North America has emerged as one of the leading markets for electric guitars. The regional market is projected to expand at a CAGR of 7.1% from 2022 to 2030 owing to the increasing number of music concerts and the rising popularity of live-music concepts across the region.
Additionally, major electric guitar manufacturers such as Gibson Brands, Inc.; Fender Musical Instruments; Karl Höfner GmbH & Co. KG; Ibanez guitars; Yamaha Corporation; and Michael Kelly Guitar Co. are launching innovative variants to penetrate further into the market and gain maximum customer base in the region, which has been fueling the growth of the market.
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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 continent-level data and insights on the North America electric guitars market , including forecasts for subscribers. This continent databook contains high-level insights into North America electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America electric guitars market size, by country, 2017-2030 (US$M)
North America Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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