Global Guitar Market Size, Trends, and Growth Opportunity, By Type (Acoustic Guitars, Electric Guitars), By Application (Online Retail, Offline Retail), By Region, and Forecast to 2027
Global Guitar Market
The global guitar market was valued at US$7115 million in 2021, and it is expected to reach US$9261 million in 2027, at a CAGR of 4.49% during the forecast period of 2022–2027.
A guitar is a sort of musical instrument that typically has six strings and is played with the hands by plucking the strings. Acoustic and electric guitars are two popular styles of guitar. The guitars are also played for rhythm, lead, and occasionally both.
Market Drivers
The sound of an electric guitar is produced by playing an acoustic guitar without any amplification. In comparison to other guitars, the acoustic guitar is lighter and smaller, and it just has one pickup and a modest amplifier or PA system. Acoustic guitars have been used by several well-known musicians, including Kurt Cobain, Eric Clapton, and Jimi Hendrix. The advent of technology and the growing role of the internet in society have elevated music education. The online music education market uses digital whiteboards, video conferencing, file sharing, and instant messaging as its communication tools. As a result, it is projected that rising demand for acoustic guitars will propel market expansion throughout the projection period.
Market Restraints
The expansion of the market is anticipated to be hampered during the projected period by the strict laws and regulations governing the procurement of rosewood. The growth of the guitar market may also be hampered in the future by people using music creation software more frequently than actual guitars.
Market Segmentation
The global guitar market is segmented by type and application. By type, it is segmented into acoustic guitars and electric guitars. By application, it is segmented into online retail and offline retail.
Regional Analysis
The guitar market is segmented into five regions: North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa. Asia-Pacific leads the world in both revenue and market share for guitars because middle-class inhabitants there have more disposable income and are more aware of concerts and music. Due to the rising demand for electric guitars among rock performers and the fact that these instruments offer a variety of tones, North America is anticipated to see the fastest economic growth throughout the projection period.
Key Players
Various key players are listed in this report, such as Fender Musical Instruments Corporation (U.S.), Gibson Brands, Inc. (U.S.), Karl Höfner GmbH & Co. KG (Germany), PRS Guitars (U.S.), Yamaha Corporation (Japan), B.C. Rich Guitars (U.S.), Cort Guitars (Indonesia), The ESP Guitar Company (U.S.), G&L Musical Instruments (U.S.), and Godin Guitars (Canada).
Market Taxonomy
By Type
• Acoustic Guitars
• Electric Guitars
By Application
• Offline Retail
• Online Retail
Key Question Addressed by the Report
• What are the Key opportunities in Global global guitar market?
• What will be the growth rate from 2022 to 2027?
• Which segment or region will have the highest growth?
• What are the factors that will impact or drive the market?
• What is the role of key players in the value chain?
Global Guitar Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Guitar Outlook
4.1Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due To Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply& Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Guitar Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Guitar Market Share Analysis, By Type
5.3 Global Guitar Market Size and Forecast, By Type
5.3.1 Acoustic Guitars
5.3.2 Electric Guitar
6 Global Guitar Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Guitar Market Share Analysis, By Application
6.3 Global Guitar Market Size and Forecast, By Application
6.3.1 Online Retail
6.3.2 Offline Retail
7 Global Guitar Market, By Region
7.1 Global Guitar Market Share Analysis, By Region
7.2 Global Guitar Market Size Analysis, By Region
8 North America Guitar Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Guitar Market Share Analysis, By Type
8.3 North America Guitar Market Size and Forecast, By Application
8.4 North America Guitar Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.43 Mexico
9 Europe Guitar Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Guitar Market Share Analysis, By Type
9.3 Europe Guitar Market Size and Forecast, By Application
9.4 Europe Guitar Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Guitar Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Guitar Market Size and Forecast, By Type
10.3 Asia Pacific Guitar Market Size and Forecast, By Application
10.4 Asia Pacific Guitar Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Guitar Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Guitar Market Size and Forecast, By Type
11.3 Latin America Guitar Market Size and Forecast, By Application
11.4 Latin America Guitar Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Guitar Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle Guitar Market Share Analysis, By Type
12.3 Middle Guitar Market Size and Forecast, By Application
12.4 Middle Guitar Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. Fender Musical Instruments Corporation (U.S.)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Development
14.1.6 Key Strategies
14.2. Gibson Brands, Inc.(U.S.)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Karl Höfner GmbH & Co. KG (Germany)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. PRS Guitars (U.S.)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. Yamaha Corporation (Japan)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. B.C. Rich Guitars (U.S.)
14.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Cort Guitars (Indonesia)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. The ESP Guitar Company (U.S.)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. G&L Musical Instruments (U.S.)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. Godin Guitars (Canada)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
