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Focus On Electric Guitar, One of the Largest Segments in the Electric Guitars Market.Will this Market be a Huge Opportunity by 2025? |
COVID-19 IMPACT SURVEYMonitor Market Dynamics!Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here. Amid the COVID-19 crisis, the global market for Electric Guitars estimated at US$443.1 Million in the year 2020, is projected to reach a revised size of US$514.3 Million by 2027, growing at a CAGR of 2.2% over the period 2020-2027. The Electric Guitars market in the U.S. is estimated at US$119.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$100.7 Million by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.We bring years of research experience to this 8th edition of our report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Competitors identified in this market include, among others, C. F. Martin & Co., Inc.; Carvin Corporation; Dean Guitars; Epiphone Guitar Corp.; Fender Musical Instruments Corp.; G&L Musical Instruments; Godin Guitars; Karl Hofner GmbH & Co. KG; Rickenbacker International Corporation; Samick Musical Instrument Co., Ltd.; Schecter Guitar Research; Yamaha Corporation |
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