Guitar Global Market Report 2024

Guitar Global Market Report 2024 – By Type (Acoustic Guitars, Electric Guitars, Solar Guitars), By Number Of Strings (Six Strings, Eight Strings, Twelve Strings, Other Number Of Strings), By Distribution (Offline, Online) – Market Size, Trends, And Global Forecast 2024-2033

Name: Guitar Global Market Report 2024
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Guitar Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Guitar Market Definition

A guitar is a musical instrument that has six strings and is played by strumming or plucking the strings. It produces sound acoustically or through electrical amplification, depending on the type of guitar.

The main types of guitars are acoustic guitars, electric guitars, and solar guitars. Acoustic guitars produce sound through the vibration of their strings, resonating within a hollow body. They are available with various number of strings including six strings, eight strings, twelve strings and others, which are distributed through offline and online channels.

Guitar Market Segmentation

The guitar market covered in this report is segmented –

1) By Type: Acoustic Guitars, Electric Guitars, Solar Guitars

2) By Number Of Strings: Six Strings, Eight Strings, Twelve Strings, Other Number Of Strings

3) By Distribution: Offline, Online

Global Guitar Market Size 2023 to 2028: Graph

Guitar Market Size 2024 And Growth Rate

The guitar market size has grown rapidly in recent years. It will grow from $8.54 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to evolution of musical genres, cultural icons and influencers, innovation in guitar design, music education and learning trends, demographic shifts.

Guitar Market Growth Forecast

The guitar market size is expected to see rapid growth in the next few years. It will grow to $12.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rising interest in music education, influence of social media and influencers, popularity of home recording studios, live music revival, expansion of niche markets. Major trends in the forecast period include rise of digital connectivity, smart guitar technology, vintage and retro revival, artisanal and boutique guitars and customization and personalization.

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Guitar Market Driver: Impact of Live Music on the Guitar Market

The increase in popularity of live musical performances and concerts is driving the growth of the guitar market. Live musical performances and concerts are musical engagement which helps improve mood, boosts emotions, to stay health, way for people to get socialize. Live performances and concert bring people together, unite a group with similar music taste and experience to connect with artists. Live concerts provide an opportunity for guitar manufacturers and brands to showcase their products to a captive audience of music enthusiasts. For example, according in Decmember 2022, Comscore, an American-based global media measurement and analytics company, in October 2022, Ticketmaster observed a surge in interest in live music, with a record-breaking 51.6 million unique visitors to its ticket-buying platforms, surpassing the traffic seen in previous years. Thus, the increase in number of live music performances and concerts has raised the demand for guitar.

Global Guitar Market Major Players

Major companies operating in the guitar market report are Yamaha Corporation; Gibson Brands Inc.; Taylor Guitars; Fender Musical Instruments Corporation; Martin Guitar Company; Eastman Guitars; PRS Guitars; Collings Guitars; Schecter Guitar Research; Godin Guitars; Rickenbacker International Corporation; Dean Guitars; Takamine Guitars; Washburn Guitars; Breedlove Guitars; Guild Guitars; ESP Guitars; Ibanez; Jackson Guitars; Alvarez Guitars; Cort Guitars; Epiphone; G&L Musical Instruments; Gretsch Company; Music Man; Ovation Guitars; Seagull Guitars

Global Guitar Market Trend: Innovation In The Guitar Market

Major companies operating in the guitar market are focused on developing innovative products, such as ergonomic and lightweight, to gain a competitive edge. An ergonomic and lightweight guitar refers to a design that prioritizes comfort, ease of playability, and reduced physical strain on the player. For instance, in October 2023, Fender Musical Instruments Corporation (FMIC), a US-based musical instruments and amplifier manufacturing company, launched The Highway Series, designed to be ergonomic and lightweight, with fully integrated Fishman pickup systems and cutting-edge features that provide a road-ready sound. The series is intended to redefine the acoustic guitar experience by combining modern innovations with the timeless appearance of traditional guitars. The Highway Series guitars are built with a feedback-resistant, ergonomic design, and Fishman Fluence pickup for seamless setup, offering the classic vibe of a traditional acoustic guitar with upgraded features for today's live acoustic player.

Guitar Market Merger And Acquisition: GEWA Music GmbH Acquires Ovation Guitars To Expand Presence In Guitar Market

In January 2021, GEWA Music GmbH, a Germany-based manufacturer of musical instruments and accessories, acquired Ovation Guitars for an undisclosed amount. The acquisition aims to expand GEWA Music's presence in the guitar market. This move allows GEWA Music to leverage its expertise and knowledge in the guitar industry to revitalize and further develop the iconic Ovation brand. Ovation Guitars is a US-based manufacturer of string instruments, including guitars.

Regional Insights For The Global Guitar Market

Asia-Pacific was the largest region in the guitar market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the guitar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the guitar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The guitar market consists of sales of bass guitars, classical guitar, archtop guitar, resonator guitar and resonator guitar. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The guitar market research report is one of a series of new reports from The Business Research Company that provides guitar market statistics, including guitar industry global market size, regional shares, competitors with a guitar market share, detailed guitar market segments, market trends and opportunities, and any further data you may need to thrive in the guitar industry. This guitar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Guitar Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$9.25 billion
Revenue Forecast In 2033	$12.86 billion
Growth Rate	CAGR of 8.5% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Acoustic Guitars, Electric Guitars, Solar Guitars 2) By Number Of Strings: Six Strings, Eight Strings, Twelve Strings, Other Number Of Strings 3) By Distribution: Offline, Online
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Yamaha Corporation; Gibson Brands Inc.; Taylor Guitars; Fender Musical Instruments Corporation; Martin Guitar Company; Eastman Guitars; PRS Guitars; Collings Guitars; Schecter Guitar Research; Godin Guitars; Rickenbacker International Corporation; Dean Guitars; Takamine Guitars; Washburn Guitars; Breedlove Guitars; Guild Guitars; ESP Guitars; Ibanez; Jackson Guitars; Alvarez Guitars; Cort Guitars; Epiphone; G&L Musical Instruments; Gretsch Company; Music Man; Ovation Guitars; Seagull Guitars
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Guitar Market Characteristics

3. Guitar Market Trends And Strategies

4. Guitar Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Guitar Market Size and Growth

5.1. Global Guitar Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Guitar Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Guitar Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Guitar Market Segmentation

6.1. Global Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Acoustic Guitars

Electric Guitars

Solar Guitars

6.2. Global Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Six Strings

Eight Strings

Twelve Strings

Other Number Of Strings

6.3. Global Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Offline

Online

7. Guitar Market Regional And Country Analysis

7.1. Global Guitar Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Guitar Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Guitar Market

8.1. Asia-Pacific Guitar Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Guitar Market

9.1. China Guitar Market Overview

9.2. China Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Guitar Market

10.1. India Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Guitar Market

11.1. Japan Guitar Market Overview

11.2. Japan Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Guitar Market

12.1. Australia Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Guitar Market

13.1. Indonesia Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Guitar Market

14.1. South Korea Guitar Market Overview

14.2. South Korea Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Guitar Market

15.1. Western Europe Guitar Market Overview

15.2. Western Europe Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Guitar Market

16.1. UK Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Guitar Market

17.1. Germany Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Guitar Market

18.1. France Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Guitar Market

19.1. Italy Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Guitar Market

20.1. Spain Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Guitar Market

21.1. Eastern Europe Guitar Market Overview

21.2. Eastern Europe Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Guitar Market

22.1. Russia Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Guitar Market

23.1. North America Guitar Market Overview

23.2. North America Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Guitar Market

24.1. USA Guitar Market Overview

24.2. USA Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Guitar Market

25.1. Canada Guitar Market Overview

25.2. Canada Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Guitar Market

26.1. South America Guitar Market Overview

26.2. South America Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Guitar Market

27.1. Brazil Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Guitar Market

28.1. Middle East Guitar Market Overview

28.2. Middle East Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Guitar Market

29.1. Africa Guitar Market Overview

29.2. Africa Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Guitar Market Competitive Landscape And Company Profiles

30.1. Guitar Market Competitive Landscape

30.2. Guitar Market Company Profiles

30.2.1. Yamaha Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Gibson Brands Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Taylor Guitars

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Fender Musical Instruments Corporation

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Martin Guitar Company

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Guitar Market Other Major And Innovative Companies

31.1. Eastman Guitars

31.2. PRS Guitars

31.3. Collings Guitars

31.4. Schecter Guitar Research

31.5. Godin Guitars

31.6. Rickenbacker International Corporation

31.7. Dean Guitars

31.8. Takamine Guitars

31.9. Washburn Guitars

31.10. Breedlove Guitars

31.11. Guild Guitars

31.12. ESP Guitars

31.13. Ibanez

31.14. Jackson Guitars

31.15. Alvarez Guitars

32. Global Guitar Market Competitive Benchmarking

33. Global Guitar Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Guitar Market

35. Guitar Market Future Outlook and Potential Analysis

35.1 Guitar Market In 2028 - Countries Offering Most New Opportunities

35.2 Guitar Market In 2028 - Segments Offering Most New Opportunities

35.3 Guitar Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Guitar Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Guitar Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Yamaha Corporation Financial Performance

Table 75: Gibson Brands Inc. Financial Performance

Table 76: Taylor Guitars Financial Performance

Table 77: Fender Musical Instruments Corporation Financial Performance

Table 78: Martin Guitar Company Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Guitar Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Guitar Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Guitar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Guitar Market, Segmentation By Number Of Strings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Guitar Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Yamaha Corporation Financial Performance

Figure 75: Gibson Brands Inc. Financial Performance

Figure 76: Taylor Guitars Financial Performance

Figure 77: Fender Musical Instruments Corporation Financial Performance

Figure 78: Martin Guitar Company Financial Performance

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Frequently Asked Questions

What is the definition of the guitar market?

How will the guitar market drivers and restraints affect the guitar market dynamics? What forces will shape the guitar industry going forward?

The guitar market major growth driver - Impact of Live Music on the Guitar Market. For further insights on the guitar market, request a sample here

What is the forecast market size or the forecast market value of the guitar market?

The guitar market size has grown rapidly in recent years. It will grow from $8.54 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to evolution of musical genres, cultural icons and influencers, innovation in guitar design, music education and learning trends, demographic shifts. The guitar market size is expected to see rapid growth in the next few years. It will grow to $12.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rising interest in music education, influence of social media and influencers, popularity of home recording studios, live music revival, expansion of niche markets. Major trends in the forecast period include rise of digital connectivity, smart guitar technology, vintage and retro revival, artisanal and boutique guitars and customization and personalization. For further insights on the guitar market, request a sample here

How is the guitar market segmented?

The guitar market is segmented
1) By Type: Acoustic Guitars, Electric Guitars, Solar Guitars
2) By Number Of Strings: Six Strings, Eight Strings, Twelve Strings, Other Number Of Strings
3) By Distribution: Offline, OnlineFor further insights on the guitar market, request a sample here

Which region has the largest share of the guitar market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the guitar market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the guitar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the guitar market, request a sample here.

Who are the major players in the guitar market?

Major companies operating in the guitar market report are Yamaha Corporation, Gibson Brands Inc., Taylor Guitars, Fender Musical Instruments Corporation, Martin Guitar Company, Eastman Guitars, PRS Guitars, Collings Guitars, Schecter Guitar Research, Godin Guitars, Rickenbacker International Corporation, Dean Guitars, Takamine Guitars, Washburn Guitars, Breedlove Guitars, Guild Guitars, ESP Guitars, Ibanez, Jackson Guitars, Alvarez Guitars, Cort Guitars, Epiphone, G&L Musical Instruments, Gretsch Company, Music Man, Ovation Guitars, Seagull Guitars For further insights on the guitar market, request a sample here.

What are the key trends in the guitar market?

Major trend in the guitar market - Innovation In The Guitar Market. For further insights on the guitar market, request a sample here.

What are the major opportunities in the guitar market? What are the strategies for the guitar market?

For detailed insights on the major opportunities and strategies in the guitar market, request a sample here.

How does the guitar market relate to the overall economy and other similar markets?

For detailed insights on guitar market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the guitar industry?

For detailed insights on the mergers and acquisitions in the guitar industry, request a sample here.

What are the key dynamics influencing the guitar market growth? SWOT analysis of the guitar market.

For detailed insights on the key dynamics influencing the guitar market growth and SWOT analysis of the guitar industry, request a sample here.