New analysis from global industry analysts reveals steady growth for electric guitars, with market expected to reach $506 million worldwide by 2026

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SAN FRANCISCO, September 9, 2021 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report entitled “Electric Guitars – Global Market Trajectory & Analytics”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

Electric guitars

FACTS AT A GLANCE
Editing: 8; Published: April 2021
Executive Pool: 464
Companies: 26 – Players covered include CF 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; International Rickenbacker Society; Samick Musical Instrument Co., Ltd.; Schecter Guitar Research; Yamaha Corporation and others.
Cover: All major geographies and key segments
segments: Segment (electric guitar)
Geographies: World; UNITED STATES; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russian Federation; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; and rest of Middle East); and Africa.

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ABSTRACT-
Global electric guitar market to reach $506 million by 2026
Amid COVID-19 crisis, Global Electric Guitars Market Estimated at US$443.1 million in 2020, is expected to reach a revised size of US$506 million by 2026, growing at a CAGR of 2.2% over the analysis period.

The US market is estimated at $122.4 million in 2021, when China is expected to reach $97.3 million by 2026
The electric guitar market in the United States is estimated at US$122.4 million in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$97.3 million by 2026 with a CAGR of 4.1% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 0.4% and 1.5% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 0.9%. After

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About Global Industry Analysts, Inc. and StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

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