UK Electric Guitars Market Size & Outlook, 2022-2030
UK electric guitars market, 2017-2030 (US$M)
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UK electric guitars market highlights
- The UK electric guitars market generated a revenue of USD 149.7 million in 2022 and is expected to reach USD 243.4 million by 2030.
- The UK market is expected to grow at a CAGR of 6.3% 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 149.7 million |
| Market revenue in 2030 | USD 243.4 million |
| Growth rate | 6.3% (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, UK accounted for 3.3% 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 Europe, Germany electric guitars market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 243.4 million by 2030.
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Electric Guitars Market Scope
Electric Guitars Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 66.8% in 2022. Horizon Databook has segmented the UK 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 demand for music-related leisure activities and the rising number of music festivals are expected to boost the electric guitars market in the U.K. For instance, according to the blog published by npr.org in June 2021.
The Download Festival took place over three days at Donington Park in central England. Thousands of heavy metal fans camped, sang, and even moshed at the UK's first full music festival since the coronavirus pandemic began.
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Our clientele includes a mix of electric guitars market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 UK electric guitars market , including forecasts for subscribers. This country databook contains high-level insights into UK electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK electric guitars market size, by product, 2017-2030 (US$M)
UK Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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