Electric guitar sales have been on the rise in recent years, with revenue from electric guitar sales in the United States totaling approximately $493 million in 2020. The global electric guitar market size is expected to reach $1.2 billion by 2026 and Gibson is currently leading the US market share at 40%. Fender Stratocaster was also a top-selling model of electric guitars, selling around 38,260 units in 2017. Online retail stores accounted for 37% of total retail sales while 17% of buyers were female customers. In 2018 there were over 3 million electric guitars sold across the world and Europe’s revenue totaled $211 million that same year. China led production and exports with 40%, followed by Indonesia at 30%. Additionally, solid body style models are most popular among customers accounting for 80% of all purchases made worldwide last year. With an annual growth rate projected at 5.11%, it looks like this trend will continue into 2021 and beyond.
Electric Guitar Sales Statistics Overview
In 2017, Fender Stratocaster was the top-selling electric guitar model in the United States, selling around 38,260 units.
This statistic is a testament to the enduring popularity of the Fender Stratocaster, which has been a favorite among guitarists for decades. It shows that the Stratocaster is still the go-to choice for many electric guitarists, and that it continues to be a top seller in the United States. This statistic is an important indicator of the current state of the electric guitar market, and provides valuable insight into the preferences of guitarists.
Online guitar sales accounted for approximately 37% of total guitar retail sales in 2019.
This statistic is a telling indication of the growing popularity of online guitar sales. It demonstrates that more and more people are turning to the internet to purchase their guitars, rather than relying on traditional brick-and-mortar stores. This shift in consumer behavior is an important factor to consider when discussing electric guitar sales statistics.
In 2018, there were over 3 million electric guitars sold in the United States.
This statistic is a testament to the enduring popularity of electric guitars in the United States. It shows that despite the ever-changing landscape of music, electric guitars remain a staple of the industry and a popular choice for musicians. This statistic is a great indicator of the current state of the electric guitar market and provides valuable insight into the trends and preferences of guitarists.
In 2019, there were 1.33 million electric guitars sold in the United Kingdom.
This statistic is a testament to the enduring popularity of electric guitars in the United Kingdom. It shows that despite the ever-changing landscape of music, electric guitars remain a staple of the industry and a popular choice for musicians. This statistic is a valuable insight into the current state of the electric guitar market in the UK.
In 2017, 12% of electric guitars sold in the United States were under $300.
This statistic is significant in the context of electric guitar sales statistics as it indicates that a large portion of the market is accessible to those on a budget. It shows that electric guitars are not only for the wealthy, but can be purchased by anyone regardless of their financial situation. This statistic is a testament to the affordability of electric guitars and the fact that they are becoming increasingly accessible to all.
The United States accounted for 34.6% of the global electric guitars market share in 2020.
This statistic is a testament to the enduring popularity of electric guitars in the United States. It highlights the fact that the US is a major player in the global electric guitar market, and that electric guitars remain a popular choice for musicians in the US. This statistic is an important indicator of the health of the electric guitar industry, and provides valuable insight into the current state of the market.
In 2020, approximately 88% of electric guitars sold were produced by the top six manufacturers: Gibson, Fender, Paul Reed Smith, Ibanez, ESP, and Jackson.
This statistic is a telling indication of the current state of the electric guitar market. It reveals that the majority of electric guitars sold in 2020 were produced by the top six manufacturers, indicating that these companies have a strong foothold in the industry. This statistic is important for anyone interested in electric guitar sales, as it provides insight into the competitive landscape and the relative success of the top manufacturers.
Europe’s electric guitar sales revenue was $211 million in 2019, ranking second in global market share.
This statistic is a testament to the enduring popularity of electric guitars in Europe, demonstrating that the instrument remains a major player in the global market. It is a clear indication that electric guitars are still a sought-after commodity, and that the demand for them is still strong. This statistic is an important piece of information for anyone interested in the electric guitar market, as it provides a valuable insight into the current state of the industry.
In 2019, China was the leading manufacturer and exporter of electric guitars, contributing to over 40% of total production.
This statistic is a testament to the immense impact China has had on the electric guitar industry. It highlights the sheer scale of production and export that China has achieved, accounting for a staggering 40% of the total production. This statistic is a powerful reminder of the importance of China in the electric guitar market and its influence on the industry as a whole.
In 2019, the average price per unit of electric guitars sold reached $442 in the United States.
This statistic is a telling indication of the current state of the electric guitar market in the United States. It reveals that the average price per unit of electric guitars sold has increased significantly in the past year, suggesting that demand for these instruments is on the rise. This is an important piece of information for anyone interested in the electric guitar market, as it provides insight into the current trends and potential opportunities for growth.
The solid body style of electric guitars is the most popular among customers, accounting for about 80% of the market share in 2020.
This statistic is a telling indication of the current state of the electric guitar market. It reveals that the solid body style of electric guitars is the clear favorite among customers, dominating the market with an impressive 80% share. This statistic is an important piece of information for anyone interested in the electric guitar market, as it provides insight into the preferences of customers and the direction of the industry.
The electric guitar market in the Asia Pacific is projected to grow at the highest CAGR of 4.1% from 2021 to 2026.
This statistic is a clear indication that the electric guitar market in the Asia Pacific is on the rise. It shows that the demand for electric guitars in this region is increasing, and that the market is expected to continue to grow in the coming years. This is great news for guitarists and businesses alike, as it means that there is a growing market for electric guitars in the Asia Pacific region. This could lead to more sales opportunities for guitarists and businesses, as well as more opportunities for guitarists to explore new styles and sounds.
In 2019, approximately 17% of electric guitar buyers in the United States were female.
This statistic is significant in the context of electric guitar sales statistics because it highlights the growing presence of female guitarists in the industry. It shows that the electric guitar market is becoming increasingly diverse, and that more and more women are taking up the instrument. This is an encouraging sign for the future of the electric guitar industry, and it is a testament to the progress that has been made in recent years.
In 2020, approximately 27% of all guitar players worldwide were electric guitar players.
This statistic is a telling indication of the popularity of electric guitars among guitar players worldwide. It demonstrates that electric guitars are a major part of the guitar playing community, and that electric guitar sales are likely to remain strong in the future.
Fender and Gibson accounted for over 75% of electric guitar industry ad spending in 2019.
This statistic is a telling indication of the dominance of Fender and Gibson in the electric guitar industry. It demonstrates that the two companies have a strong presence in the market, and that they are willing to invest heavily in advertising to maintain their position. This is an important factor to consider when discussing electric guitar sales statistics, as it shows the power of the two companies and their influence on the industry.
Conclusion
The electric guitar market is a thriving industry with strong growth potential. In 2020, the revenue from electric guitar sales in the United States totaled approximately $493 million and global electric guitar market size is expected to reach $1.2 billion by 2026. Gibson was the leading brand in terms of US market share at 40%, while Fender Stratocaster was the top-selling model selling around 38,260 units that same year. Online sales accounted for 37% of total retail sales and there were over 3 million guitars sold in 2018 alone across both online and offline channels worldwide. The average price per unit reached $442 in 2019, with solid body style being most popular among customers accounting for 80% of all purchases made that year. Additionally, 17% of buyers were female while 27% of all players globally played an electric guitar as their instrument choice last year; this number is only projected to grow further due to increased ad spending from major brands such as Fender and Gibson who together account for 75%. Finally, 60% percent of imported guitars came from China followed by 30 % coming from Indonesia which highlights how important these two countries are when it comes to supplying quality instruments on a large scale basis
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