Continued fame of rock music to bode well for electric guitars market

Market - Vinay Mishra - May 11,2017

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continued fame of rock music to bode well for electric guitars market

Electric guitars being an indispensable part of popular genres of music such as rock and metal will always have a mass appeal due to the attractiveness of these genres.

Electric guitar is a type of guitar in which strumming the strings themselves does not create the primary sound. But, the vibrations produced by the movement of the strings are captured and then, electronically magnified to produce a louder output.

This sound can also be modulated with the help of controls on the electric guitar, pedals and dials. This is the prime factor differentiating electric guitars from acoustic guitars. The sound produced by acoustic guitars originate directly from the vibrations of the strings and thus cannot electronically modulated.

According to a recent informative report on Market Research Reports Search Engine (MRRSE), the increasing interest among the global population in music is a key driver for the electric guitars market. Another aspect propelling growth is the increasing disposable income of individuals in developing countries, allowing them to indulge in hobbies like music. The continued fame of rock music and increasing number of rock bands also bodes well for the global electric guitars market.

On the down side, electrical guitars are too expensive for most amateurs. A reason behind this is the requirement for amplifier, unlike acoustic guitars. The rising popularity of acoustic guitars has also impeded the electric guitars market, as acoustic guitars require less maintenance and are cheaper than electric guitars.

North American region is the largest market for electric guitars. The U.S. is the birth place of Rock and Metal music. Besides this, two of the most popular electric guitar designs – the Fender Stratocaster and the Gibson Les Paul were also designed in the U.S.

Some of the major companies in the electric guitars industry are Fender Musical Instruments Corporation, Gibson Guitar Corporation and Paul Reed Smith Guitars Ltd. The electric guitars market is very competitive. Regular technological progress and changes in customer preference make it harder for companies to maintain a competitive edge.


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