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

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

An effects or pedal is an electronic or digital device that alters how a musical instrument or other audio source sounds.

Market Overview:

The latest research study on the global Guitar Effects market finds that the global Guitar Effects market reached a value of USD 296.5 million in 2022. It’s expected that the market will achieve USD 386.05 million by 2028, exhibiting a CAGR of 4.5% during the forecast period.

Market Challenges

In recent years, with the development of the economy and technology, the price of this product has been declining. With the maturity of manufacturing technology and the decline in raw material costs, the trend will remain in the next few years. The industry is highly competitive, especially for high-end products. The advantages and disadvantages of the bottom products are obvious, but the low price of the bottom enterprises makes them occupy a certain share in the market. The dispute between high quality and low price will also promote technological innovation and new market prices. In the future, whether it is a large enterprise or small businesses will be the survival of the fittest.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Line 6, Digitech, BOSS with the revenue market share of 21.30%,14.19% and 11.34% in 2018.

Line 6 products are feature-rich, easy to use, and leverage groundbreaking digital technology that inspires musicians to achieve their full creative potential. With a long history of firsts, Line 6 has a proven track record of creating category-defining products—from the first modeling amplifier to POD®, Spider® amps, Variax® guitars, Relay® digital wireless, AMPLIFi®, and more. Recently, the Line 6 Helix® guitar processor has received numerous accolades and awards, including the Guitar World “Platinum Award”, the Premier Guitar “Premier Gear Award”, and the Guitar Player “Editor's Pick” and “Hall of Fame” awards. In 2016 Line 6 celebrated their 20th anniversary of industry-leading innovation and remarkable growth.

Digitech is a place where talented and passionate people are working together to bring great tech ideas to life. We focus on integrated approach to engineer great tech ideas into a global sensation. Rather than doing volumes of work, we believe in exclusively working on exciting products and ideas because qualitative work is more essential for us than quantitative work.

Segmentation Overview:

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

Application Overview:

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

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

Dunlop Manufacturing, Inc
Mooer
Korg
Behringer
Fulltone
ZOOM Corporation
BOSS
TC Electronic
Chase Bliss Audio
Line 6
Digitech
EarthQuaker Devices
Electro-Harmonix

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

Single Effect
Multi Effect
Rack Effects

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

Acoustic Guitars
Electric Guitars

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)