Global Guitar Amplifier Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Guitar Amplifier Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A guitar amplifier (or amp) is an electronic device or system that strengthens the weak electrical signal from a pickup on an electric guitar, bass guitar, or acoustic guitar so that it can produce sound through one or more loudspeakers, which are typically housed in a wooden cabinet. A guitar amplifier may be a standalone wood or metal cabinet that contains only the power amplifier (and preamplifier) circuits, requiring the use of a separate speaker cabinet–or it may be a combo amplifier, which contains both the amplifier and one or more speakers in a wooden cabinet.

Market Overview:

The latest research study on the global Guitar Amplifier market finds that the global Guitar Amplifier market reached a value of USD 138.71 million in 2022. It’s expected that the market will achieve USD 143.75 million by 2028, exhibiting a CAGR of 0.6% during the forecast period.

Market Challenges and Impact

First of all, the frequency range of a guitar amplifier is very limited. Guitar bass amplifiers can produce very low frequencies, but do not perform well at higher frequencies. Guitar amplifiers can play some low frequencies and some high frequencies, but they mainly focus on midrange frequencies that are meaningful to the guitar. This means that if a user tries to play music through a guitar amplifier, the sound may sound muddy and of low quality compared to a speaker system (or headphones) with a wider frequency range. Product performance and other aspects need to be improved.

Secondly, from the perspective of the global market, the preparation technology of guitars and other accessories in developed countries and some developing countries has gradually matured and is gradually developing into a complete industrial chain. The products on the market are mostly high-end brand products with moderate market concentration and fierce competition in the industry.

Market Trends

According to our research, the total revenue of the global guitar amplifier market in 2016 was US$13.35 million, and by 2020 it will increase to US$134.94 million. We performed a series of function calculations and used scientific models to derive the data for the past 4 years. Finally, we predict that by 2026 the value of the guitar amplifier market can reach US$143.75 million. The compound annual growth rate of guitar amplifiers from 2020 to 2026 is 1.06%.

From a global geographic perspective, North America is the largest revenue market, with a market share of 40.74% in 2016 and 40.48% in 2020, a decrease of 0.26%. The European market share in 2020 is 30.08%, ranking second. In addition, the guitar amplifier market in the Asia-Pacific region is expected to become a growing market. From the perspective of product types, the Solid-State Amps type accounts for a relatively large proportion. Digital Amps is showing a rising trend. From the perspective of downstream applications, due to the improvement of living standards, individual consumers' pursuit of spiritual life is also constantly improving. In the future, the household sector will occupy a major share of the market.

With the continuous upgrading of products and the development of technology and economy, the market continues to expand. The development of the guitar amplifier industry should first enhance its own technical advantages, research and develop its own core technology, and reach the leading level. Secondly, it starts the brand effect, expands the popularity, and improves the product quality and reputation. Finally, improve the industrial chain, establish a complete supply and marketing channel, look for high-quality raw material suppliers and market distributors, and establish a good cooperative relationship with large musical instrument companies or music schools to ensure their own product sales and increase corporate profits.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Fender is one of the major players operating in the Guitar Amplifier market, holding a share of 22.92% in 2021.

Fender is a musical instrument manufacturing company headquartered in Scottsdale, Arizona. Mainly produce stringed instruments and speakers, such as electric guitars, acoustic guitars, etc.

A specialty store founded by Hartley Peavey in 1965, today Peavey Electronics Corporation is one of the global manufacturers and suppliers of musical instruments, amplifiers and professional audio systems.

Segmentation Overview:

Among different product types, Digital Amps segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Household segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Guitar Amplifier market covered in Chapter 3:

Roland
Vox
PRS
Peavey
Fishman
Blackstar
Mesa
Yamaha
Hughes & Kettner
Fender
Marshall
Orange
Laney
Dr.Z

In Chapter 4 and Chapter 14.2, on the basis of types, the Guitar Amplifier market from 2018 to 2029 is primarily split into:

Digital Amps
Valve Amps
Solid-State Amps
Hybrid Amps

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Guitar Amplifier market from 2018 to 2029 covers:

Household
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)