Global Guitar Market Growth 2023-2029

Global Guitar Market Growth 2023-2029

The guitar is a fretted musical instrument that usually has six strings. It is typically played with both hands by strumming or plucking the strings with either a guitar pick or the finger(s)/fingernails of one hand, while simultaneously fretting (pressing the strings against the frets) with the fingers of the other hand. The sound of the vibrating strings is projected either acoustically, by means of the hollow chamber of the guitar (for an acoustic guitar), or through an electrical amplifier and a speaker.

LPI (LP Information)' newest research report, the “Guitar Industry Forecast” looks at past sales and reviews total world Guitar sales in 2022, providing a comprehensive analysis by region and market sector of projected Guitar sales for 2023 through 2029. With Guitar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Guitar industry.

This Insight Report provides a comprehensive analysis of the global Guitar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Guitar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Guitar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Guitar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Guitar.

The global Guitar market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The rising number of concerts and live performances is a major driver for the growth of the global guitar market. The growing interest in music among the youth population has led to the formation of numerous musical bands that perform various types of music like blues, pop, rock, metal, and electronica. In addition, an increase in the disposable income of consumers is leading to a high demand for guitars in developing countries such as China and India. As a result of changing lifestyles and higher standards of living, individuals are motivated to spend on leisure activities such as music, which is likely to increase sales of musical instruments.

This report presents a comprehensive overview, market shares, and growth opportunities of Guitar market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Acoustic Guitars
Electric Guitars

Segmentation by application
Online Retail
Offline Retail

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Fender Musical Instruments
Gibson Brands
Karl Höfner
PRS Guitars
Yamaha

Key Questions Addressed in this Report

What is the 10-year outlook for the global Guitar market?

What factors are driving Guitar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Guitar market opportunities vary by end market size?

How does Guitar break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.