Electric Guitar Market Growth And Analysis Report By 2017 : Radiant Insights,Inc

Electric guitars are fretted (metal strips placed into fretboard or fingerboard) and stringed instruments that convert the string vibrations into electrical signals. Strings on an electric guitar are much lighter and softer than an acoustic guitar, which makes it easier to play. Users can also control the volume of an electric guitar, making it as loud or soft as required.

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New OPTIWEB Coated Electric Strings

Elixir Strings, a top innovator in coated guitar strings technology, recently introduced the latest addition (OPTIWEB Coated Electric Strings) to their collection. This new technology feature a lightweight coating that provides a longer tone life by protecting them. It can also enable the string to vibrate with lesser damping, for a crisp tone with a natural and firm grip. The company also provides NANOWEB and POLYWEB coated strings. The former provide a smooth feel and bright tone while the latter provide a slick, fast feel with a warm tone.

Market Overview

According to the latest research report available on Radiant Insights, Inc.; the global electric guitar market is projected to witness a high growth rate during the forecast period (from 2017 to 2022). Rising number of concerts and live performances may augment the market growth at a steady CAGR.

People’s interest in various leisure activities is also projected to help the market grow during the next few years. Also, several other factors such as the presence of numerous rock bands, popularity of rock genre, and growing disposable income are likely to fuel market over the forecast period. However, high costs of electric guitars may hinder the market growth over the coming years.

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Market Players

Major companies operating in the global electric guitars market include Rickenbacker International Corp., Samick Musical Instruments Co., Ltd., C. F. Martin & Company, G&L Musical Instruments, Schecter Guitar Research, and Taylor Guitars.

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