The Latin America, Middle East and Africa Electric Guitars Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Many countries have seen significant economic growth and are characterised by a young population that spends more money on leisure activities. This has resulted in an increase in the demand for musical instruments, particularly electric guitars. With the introduction of online retail platforms, consumers are highly spending on leisure and art things.
The most promising possibilities include an increase in music festivals and the continuous expansion of rock and metal music. Vendors are focused on rapidly shifting customer tastes in order to capitalise on market demand. Existing manufacturers are increasing their existing guitar collections while also recruiting new players. Large electric guitar manufacturers are attempting to expand their worldwide presence in order to provide value and turn faltering areas profitable.
Rhythmic guitars are required to produce the song's rhythm, whereas lead guitars are appropriate when the song requires a lot of melodies. The bass guitar, along with the percussion, merely serve as the song's basis. These factors have aided the expansion of these kind of guitars. Nevertheless, both the bass and lead/rhythm guitars play important secondary roles in music, each one being vital and crucial. The sort of instrument to employ is determined by the performance requirements of a song.
The Brazil market dominated the LAMEA Electric Guitars Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $132.7 million by 2027. The Argentina market would exhibit a CAGR of 8.5% during (2021 - 2027). Additionally, The UAE market is poised to grow a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electric Guitars Market is Predict 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Electric Guitars Market, by Distribution Channel
1.4.2 LAMEA Electric Guitars Market, by Product
1.4.3 LAMEA Electric Guitars Market, by Type
1.4.4 LAMEA 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. LAMEA Electric Guitars Market by Distribution Channel
4.1 LAMEA Electric Guitars Offline Channels Market by Country
4.2 LAMEA Electric Guitars Online Channels Market by Country
Chapter 5. LAMEA Electric Guitars Market by Product
5.1 LAMEA Electric Guitars Solid-body Market by Country
5.2 LAMEA Electric Guitars Semi-hollow Body Market by Country
5.3 LAMEA Electric Guitars Hollow-body Market by Country
Chapter 6. LAMEA Electric Guitars Market by Type
6.1 LAMEA Lead/Rhythm Electric Guitars Market by Country
6.2 LAMEA Bass Electric Guitars Market by Country
Chapter 7. LAMEA Electric Guitars Market by Country
7.1 Brazil Electric Guitars Market
7.1.1 Brazil Electric Guitars Market by Distribution Channel
7.1.2 Brazil Electric Guitars Market by Product
7.1.3 Brazil Electric Guitars Market by Type
7.2 Argentina Electric Guitars Market
7.2.1 Argentina Electric Guitars Market by Distribution Channel
7.2.2 Argentina Electric Guitars Market by Product
7.2.3 Argentina Electric Guitars Market by Type
7.3 UAE Electric Guitars Market
7.3.1 UAE Electric Guitars Market by Distribution Channel
7.3.2 UAE Electric Guitars Market by Product
7.3.3 UAE Electric Guitars Market by Type
7.4 Saudi Arabia Electric Guitars Market
7.4.1 Saudi Arabia Electric Guitars Market by Distribution Channel
7.4.2 Saudi Arabia Electric Guitars Market by Product
7.4.3 Saudi Arabia Electric Guitars Market by Type
7.5 South Africa Electric Guitars Market
7.5.1 South Africa Electric Guitars Market by Distribution Channel
7.5.2 South Africa Electric Guitars Market by Product
7.5.3 South Africa Electric Guitars Market by Type
7.6 Nigeria Electric Guitars Market
7.6.1 Nigeria Electric Guitars Market by Distribution Channel
7.6.2 Nigeria Electric Guitars Market by Product
7.6.3 Nigeria Electric Guitars Market by Type
7.7 Rest of LAMEA Electric Guitars Market
7.7.1 Rest of LAMEA Electric Guitars Market by Distribution Channel
7.7.2 Rest of LAMEA Electric Guitars Market by Product
7.7.3 Rest of LAMEA 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 LAMEA Electric Guitars Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 7 LAMEA Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 8 LAMEA Electric Guitars Offline Channels Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Electric Guitars Offline Channels Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Electric Guitars Online Channels Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Electric Guitars Online Channels Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 13 LAMEA Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 14 LAMEA Electric Guitars Solid-body Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Electric Guitars Solid-body Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Electric Guitars Semi-hollow Body Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Electric Guitars Semi-hollow Body Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Electric Guitars Hollow-body Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Electric Guitars Hollow-body Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 21 LAMEA Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 22 LAMEA Lead/Rhythm Electric Guitars Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Lead/Rhythm Electric Guitars Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Bass Electric Guitars Market by Country, 2017 - 2020, USD Million
TABLE 25 LAMEA Bass Electric Guitars Market by Country, 2021 - 2027, USD Million
TABLE 26 LAMEA Electric Guitars Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Electric Guitars Market by Country, 2021 - 2027, USD Million
TABLE 28 Brazil Electric Guitars Market, 2017 - 2020, USD Million
TABLE 29 Brazil Electric Guitars Market, 2021 - 2027, USD Million
TABLE 30 Brazil Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 31 Brazil Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 32 Brazil Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 33 Brazil Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 34 Brazil Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 35 Brazil Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 36 Argentina Electric Guitars Market, 2017 - 2020, USD Million
TABLE 37 Argentina Electric Guitars Market, 2021 - 2027, USD Million
TABLE 38 Argentina Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 39 Argentina Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 40 Argentina Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 41 Argentina Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 42 Argentina Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 43 Argentina Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 44 UAE Electric Guitars Market, 2017 - 2020, USD Million
TABLE 45 UAE Electric Guitars Market, 2021 - 2027, USD Million
TABLE 46 UAE Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 47 UAE Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 48 UAE Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 49 UAE Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 50 UAE Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 51 UAE Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 52 Saudi Arabia Electric Guitars Market, 2017 - 2020, USD Million
TABLE 53 Saudi Arabia Electric Guitars Market, 2021 - 2027, USD Million
TABLE 54 Saudi Arabia Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 55 Saudi Arabia Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 56 Saudi Arabia Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 57 Saudi Arabia Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 58 Saudi Arabia Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 59 Saudi Arabia Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 60 South Africa Electric Guitars Market, 2017 - 2020, USD Million
TABLE 61 South Africa Electric Guitars Market, 2021 - 2027, USD Million
TABLE 62 South Africa Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 63 South Africa Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 64 South Africa Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 65 South Africa Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 66 South Africa Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 67 South Africa Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 68 Nigeria Electric Guitars Market, 2017 - 2020, USD Million
TABLE 69 Nigeria Electric Guitars Market, 2021 - 2027, USD Million
TABLE 70 Nigeria Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 71 Nigeria Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 72 Nigeria Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 73 Nigeria Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 74 Nigeria Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 75 Nigeria Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 76 Rest of LAMEA Electric Guitars Market, 2017 - 2020, USD Million
TABLE 77 Rest of LAMEA Electric Guitars Market, 2021 - 2027, USD Million
TABLE 78 Rest of LAMEA Electric Guitars Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 79 Rest of LAMEA Electric Guitars Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 80 Rest of LAMEA Electric Guitars Market by Product, 2017 - 2020, USD Million
TABLE 81 Rest of LAMEA Electric Guitars Market by Product, 2021 - 2027, USD Million
TABLE 82 Rest of LAMEA Electric Guitars Market by Type, 2017 - 2020, USD Million
TABLE 83 Rest of LAMEA Electric Guitars Market by Type, 2021 - 2027, USD Million
TABLE 84 Key information – Gibson Brands, Inc.
TABLE 85 Key information – Fender Musical Instruments Corporation
TABLE 86 Key information – Karl Hofner GmbH & Co. KG
TABLE 87 Key information – Ibanez guitars
TABLE 88 Key information – Cort Guitars
TABLE 89 Key information – Michael Kelly Guitar Co.
TABLE 90 Key information – Yamaha Corporation
TABLE 91 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