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Global Electric Guitar Market to Grow at a CAGR of 3.44% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Electric Guitar Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 01/26/2016 -- Report forecast the global electric guitar market to grow at a CAGR of 3.44% during the period 2016-2020.

An electric guitar is built with a transducer to magnify vibrations of the guitar strings. When the guitar is plugged into an amplifier, the electrical signals generated are boosted by an audio-frequency amplifier and sent to a loudspeaker. The volume and resonance of the guitar are controlled by the player. Special effects such as reverb and distortion can also be generated by both the guitar and amplifier.

The report covers the present scenario and the growth prospects of the global electric guitar market for 2016-2020. To calculate the market size, the report considers the revenue generated from shipments of electric guitars in three geographical regions:
- The Americas
- Asia-Pacific (APAC)
- Europe, the Middle East, and Africa (EMEA)

The market is divided into the following segments based on end-user:
- Retailers
- Individual users

According to the report, the rising number of concerts and live performances is a key driver of market growth. Individuals' enthusiasm for music has led to the formation of a many musical bands that frequently perform live in concert. Increased interest in music classes and institutions are also boosting the adoption of musical instruments, including electric guitars.

Further, the report states that the increasing demand for electronic gadgets is a major challenge faced by electric guitar vendors.

Global Electric Guitar Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Electric Guitar Market: Epiphone, Fender, Gibson, Karl Höfner and Yamaha

Other Prominent Vendors in the market are: Dean Guitars, Ibanez, Cort Guitars, ESP, Taylor, B.C. Rich, Godin, C. F. Martin & Company, Samick Musical Instruments, Schecter Guitar Research, Rickenbacker, G&L Musical Instruments, and Carvin.

Market driver
- Increased number of concerts and live performances
- For a full, detailed list, view our report

Market challenge
- Increased use of mobile virtual instruments apps
- For a full, detailed list, view our report

Market trend
- Introduction of new products
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 35 pages and 13 Exhibit "Global Electric Guitar Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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