GITNUX MARKETDATA REPORT 2024

Electric Guitar Sales Statistics [Fresh Research]

In this post, we will explore a comprehensive overview of electric guitar sales statistics, shedding light on key numbers and trends in the industry. From revenue figures and top-selling models to market share insights and global production dynamics, these statistics offer valuable insights into the thriving electric guitar market. Let’s dive into the numbers that shape the landscape of electric guitar sales.

Statistic 1

"In 2020, the revenue from electric guitar sales in the United States totaled approximately $493 million."

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Statistic 2

"In 2017, Fender Stratocaster was the top-selling electric guitar model in the United States, selling around 38,260 units."

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Statistic 3

"Online guitar sales accounted for approximately 37% of total guitar retail sales in 2019."

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Statistic 4

"In 2018, there were over 3 million electric guitars sold in the United States."

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Statistic 5

"In 2019, there were 1.33 million electric guitars sold in the United Kingdom."

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Statistic 6

"In 2017, 12% of electric guitars sold in the United States were under $300."

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Statistic 7

"The United States accounted for 34.6% of the global electric guitars market share in 2020."

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Statistic 8

"Europe’s electric guitar sales revenue was $211 million in 2019, ranking second in global market share."

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Statistic 9

"In 2019, China was the leading manufacturer and exporter of electric guitars, contributing to over 40% of total production."

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Statistic 10

"In 2019, the average price per unit of electric guitars sold reached $442 in the United States."

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Statistic 11

"The solid body style of electric guitars is the most popular among customers, accounting for about 80% of the market share in 2020."

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Statistic 12

"The electric guitar market in the Asia Pacific is projected to grow at the highest CAGR of 4.1% from 2021 to 2026."

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Statistic 13

"In 2019, approximately 17% of electric guitar buyers in the United States were female."

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Statistic 14

"In 2020, approximately 27% of all guitar players worldwide were electric guitar players."

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Statistic 15

"Fender and Gibson accounted for over 75% of electric guitar industry ad spending in 2019."

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The statistics on electric guitar sales reveal a robust market in the United States and globally, with significant revenue generated from both domestic and international sales. Online sales continue to play a substantial role in the retail landscape, indicating a shift towards digital platforms. China’s dominance in manufacturing highlights its pivotal role in the supply chain. Furthermore, the increasing popularity of electric guitars among customers, especially the solid body style, underscores evolving consumer preferences. The projected growth of the electric guitar market in the Asia Pacific region suggests promising opportunities for industry expansion in the coming years.

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