The Asia Pacific Electric Guitars Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The electric guitar employs the technique of direct electromagnetic induction to convert the vibration of the strings into electrical pulses. Because the signal produced is too weak to drive a loudspeaker, it is amplified before transmission to the loudspeaker. Because the electric guitar's output is an electric signal, it can be readily manipulated deploying an electronic circuit, and it may also be modified using other effects like reverb and distortion.
The construction and design of an electric guitar vary greatly depending on the layout of the bridge, neck, and pickups, as well as the form of the body. Tapping, string bending, employing auditory feedback, hammering and slide guitar playing may all be used to alter the sound of an electric guitar. Electric guitars include a spring-loaded movable bridge that allows the musician to scale down the pitch, tremolo, bend notes, and raise the chords.
The rising number of various bands like BTS across this region and the growing popularity of the Asian music across the world would further augment the demand for various musical instruments including electric guitars. Along with that, the increasing demand for customized guitars and the rising competition across the region would compel customers to invest more on them and also provide them with more options in the market.
The China market dominated the Asia Pacific Electric Guitars Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $546 million by 2027. The Japan market is anticipated to grow a CAGR of 5.5% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 6.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electric Guitars Market is Projected to reach USD 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.
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