U.S. Electric Guitars Market Size & Outlook, 2022-2030
U.S. electric guitars market, 2017-2030 (US$M)
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U.S. electric guitars market highlights
- The U.S. electric guitars market generated a revenue of USD 911.0 million in 2022 and is expected to reach USD 1,554.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% 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 911.0 million |
| Market revenue in 2030 | USD 1,554.0 million |
| Growth rate | 6.9% (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, U.S. accounted for 20.3% 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 North America, U.S. electric guitars market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,554.0 million by 2030.
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Electric Guitars Market Scope
Electric Guitars Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 61.26% in 2022. Horizon Databook has segmented the U.S. 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.
Music plays a significant role in American culture and the country houses the most influential record companies, community orchestras, music bands, and related institutions. People of the U.S. reflect the country’s ethnic diversity through music and thus, music is given a lot of importance in the country.
The most important music genres that flourished in the USA and were mostly created through cultural mixes include hip-hop, blues, country, jazz, soul, rhythm & blues, pop, techno, and rock.
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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 country-level data and insights on the U.S. electric guitars market , including forecasts for subscribers. This country databook contains high-level insights into U.S. electric guitars market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. electric guitars market size, by product, 2017-2030 (US$M)
U.S. Electric Guitars Market Outlook Share, 2022 & 2030 (US$M)
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