The North America Electric Guitars Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
Primary and secondary schools are focusing on music education programmes and making their curriculum policies more music-friendly. Various studies suggest that active participation in music by young people improves their learning skills, overall creativity, intellectual growth, and so on. Music, according to the National Association for Music Education (NAfME), aids in the development of spatial intelligence and reasoning skills. These factors are anticipated to increase product sales of electric guitars in the next years.
Electric guitars are commonly employed in metal and rock music. The prominence of these genres has grown, and they are now one of the primary drivers of the electric guitar market. There is a change in lifestyle, a rise in disposable income, and a high level of living, which have motivated consumers to expend more on leisure activities. Another factor driving market is an increase in the number of musical bands throughout the world.
Since rock music has been emerged in this region, the popularity of various electric and rock instruments is comparatively higher across this region. Rock music can be defined as hard-edged music performed with electric guitars, bass, and drums and frequently accompanied with lyrics sung by a vocalist, though people may disagree on the details. That may appear straightforward, but a closer examination of rock's origins reveals how various genres and influences have influenced its progression over time.
The US market dominated the North America Electric Guitars Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,008.9 million by 2027. The Canada market is expected to witness a CAGR of 8.3% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 7.3% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline Channels and Online Channels. Based on Product, the market is segmented into Solid-body, Semi-hollow Body, and Hollow-body. Based on Type, the market is segmented into Lead/Rhythm and Bass. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electric Guitars Market is Estimated to reach $5.1 Billion by 2027, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gibson Brands, Inc (Epiphone), Fender Musical Instruments Corporation, Karl Hofner GmbH & Co. KG, Ibanez guitars, Cort Guitars, Michael Kelly Guitar Co., Yamaha Corporation (Menchey Music Service, Inc.), and The ESP Guitar Company.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Offline Channels
- Online Channels
By Product
- Solid-body
- Semi-hollow Body
- Hollow-body
By Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Gibson Brands, Inc (Epiphone)
- Fender Musical Instruments Corporation
- Karl Hofner GmbH & Co. KG
- Ibanez guitars
- Cort Guitars
- Michael Kelly Guitar Co.
- Yamaha Corporation (Menchey Music Service, Inc.)
- The ESP Guitar Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Guitars Market, by Distribution Channel
1.4.2 North America Electric Guitars Market, by Product
1.4.3 North America Electric Guitars Market, by Type
1.4.4 North America Electric Guitars Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jan – 2021, Dec) Leading Players
Chapter 4. North America Electric Guitars Market by Distribution Channel
4.1 North America Electric Guitars Offline Channels Market by Country
4.2 North America Electric Guitars Online Channels Market by Country
Chapter 5. North America Electric Guitars Market by Product
5.1 North America Electric Guitars Solid-body Market by Country
5.2 North America Electric Guitars Semi-hollow Body Market by Country
5.3 North America Electric Guitars Hollow-body Market by Country
Chapter 6. North America Electric Guitars Market by Type
6.1 North America Lead/Rhythm Electric Guitars Market by Country
6.2 North America Bass Electric Guitars Market by Country
Chapter 7. North America Electric Guitars Market by Country
7.1 US Electric Guitars Market
7.1.1 US Electric Guitars Market by Distribution Channel
7.1.2 US Electric Guitars Market by Product
7.1.3 US Electric Guitars Market by Type
7.2 Canada Electric Guitars Market
7.2.1 Canada Electric Guitars Market by Distribution Channel
7.2.2 Canada Electric Guitars Market by Product
7.2.3 Canada Electric Guitars Market by Type
7.3 Mexico Electric Guitars Market
7.3.1 Mexico Electric Guitars Market by Distribution Channel
7.3.2 Mexico Electric Guitars Market by Product
7.3.3 Mexico Electric Guitars Market by Type
7.4 Rest of North America Electric Guitars Market
7.4.1 Rest of North America Electric Guitars Market by Distribution Channel
7.4.2 Rest of North America Electric Guitars Market by Product
7.4.3 Rest of North America Electric Guitars Market by Type
Chapter 8. Company Profiles
8.1 Gibson Brands, Inc. (Epiphone)
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.2.2 Geographical Expansions:
8.2 Fender Musical Instruments Corporation
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.3 Karl Hofner GmbH & Co. KG
8.3.1 Company Overview
8.4 Ibanez guitars
8.4.1 Company Overview
8.5 Cort Guitars
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Michael Kelly Guitar Co.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Yamaha Corporation (Menchey Music Service, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Geographical Expansions:
8.8 The ESP Guitar Company
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.8.2.3 Geographical Expansions:
TABLE 1 North America Electric Guitars Market, 2017 - 2020, USD Million
TABLE 2 North America Electric Guitars Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Guitars Market
TABLE 4 Product Launches And Product Expansions– Electric Guitars Market
TABLE 5 Geographical Expansions– Electric Guitars Market
TABLE 6 North America Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 7 North America Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 8 North America Electric Guitars Offline Channels Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Electric Guitars Offline Channels Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Electric Guitars Online Channels Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Electric Guitars Online Channels Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 13 North America Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 14 North America Electric Guitars Solid-body Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Electric Guitars Solid-body Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Electric Guitars Semi-hollow Body Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Electric Guitars Semi-hollow Body Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Electric Guitars Hollow-body Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Electric Guitars Hollow-body Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 21 North America Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 22 North America Lead/Rhythm Electric Guitars Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Lead/Rhythm Electric Guitars Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Bass Electric Guitars Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Bass Electric Guitars Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Electric Guitars Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Electric Guitars Market by Country, 2021 - 2027, USD Million
TABLE 28 US Electric Guitars Market, 2017 - 2020, USD Million
TABLE 29 US Electric Guitars Market, 2021 - 2027, USD Million
TABLE 30 US Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 31 US Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 32 US Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 33 US Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 34 US Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 35 US Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 36 Canada Electric Guitars Market, 2017 - 2020, USD Million
TABLE 37 Canada Electric Guitars Market, 2021 - 2027, USD Million
TABLE 38 Canada Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 39 Canada Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 40 Canada Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 41 Canada Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 42 Canada Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 43 Canada Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 44 Mexico Electric Guitars Market, 2017 - 2020, USD Million
TABLE 45 Mexico Electric Guitars Market, 2021 - 2027, USD Million
TABLE 46 Mexico Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 47 Mexico Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 48 Mexico Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 49 Mexico Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 50 Mexico Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 51 Mexico Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 52 Rest of North America Electric Guitars Market, 2017 - 2020, USD Million
TABLE 53 Rest of North America Electric Guitars Market, 2021 - 2027, USD Million
TABLE 54 Rest of North America Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 55 Rest of North America Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 56 Rest of North America Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 57 Rest of North America Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 58 Rest of North America Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 59 Rest of North America Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 60 Key information – Gibson Brands, Inc.
TABLE 61 Key information – Fender Musical Instruments Corporation
TABLE 62 Key information – Karl Hofner GmbH & Co. KG
TABLE 63 Key information – Ibanez guitars
TABLE 64 Key information – Cort Guitars
TABLE 65 Key information – Michael Kelly Guitar Co.
TABLE 66 Key information – Yamaha Corporation
TABLE 67 Key information – The ESP Guitar Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2020, Jan – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: Gibson Brands, Inc.
FIG 6 Recent strategies and developments: Fender Musical Instruments Corporation
FIG 7 Recent strategies and developments: Yamaha Corporation
FIG 8 Recent strategies and developments: The ESP Guitar Company