Global Guitar Market Size & Outlook, 2023-2030
Global guitar market, 2018-2030 (US$M)
Related Markets
Global guitar market highlights
- The global guitar market generated a revenue of USD 10,950.9 million in 2023 and is expected to reach USD 18,439.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, acoustic accounted for a revenue of USD 6,089.4 million in 2023.
- Electric is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,950.9 million |
| Market revenue in 2030 | USD 18,439.2 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Acoustic |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acoustic, Electric |
Other key industry trends
- In terms of revenue, the North America accounted for 23.5% of the global guitar market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 290.1 million by 2030.
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Guitar Market Scope
Guitar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global guitar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to guitar market will help companies and investors design strategic landscapes.
Acoustic was the largest segment with a revenue share of 55.61% in 2023. Horizon Databook has segmented the Global guitar market based on acoustic, electric covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Guitar Product Outlook (Revenue, USD Million, 2018-2030)
- Acoustic
- Electric
- Global Guitar Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Offline
- Online
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Target buyers of Global guitar market databook
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Our clientele includes a mix of guitar market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global guitar market , including forecasts for subscribers. This global databook contains high-level insights into Global guitar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global guitar market size, by regions, 2018-2030 (US$M)
Top 10 countries: Guitar market size, 2023 (US$M)
Global guitar market share, by product, 2023 & 2030 (%, US$M)
Guitar market: Opportunity assessment by country
Global guitar market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,625.9 | 1,707.0 | 2,127.0 | 2,259.8 | 2,407.6 | 2,572.5 | 2,757.1 | 2,964.5 | 3,198.2 | 3,462.5 | 3,762.5 | 4,104.4 | 4,495.5 | 8.3% |
| Europe | 1,266.8 | 1,318.1 | 1,627.5 | 1,713.7 | 1,809.5 | 1,916.3 | 2,035.5 | 2,169.1 | 2,319.3 | 2,488.7 | 2,680.3 | 2,897.8 | 3,145.7 | 7.3% |
| Asia Pacific | 3,269.3 | 3,419.1 | 4,243.0 | 4,491.1 | 4,766.9 | 5,074.4 | 5,418.3 | 5,804.1 | 6,238.3 | 6,728.7 | 7,284.4 | 7,916.7 | 8,638.8 | 7.9% |
| Latin America | 638.2 | 660.8 | 810.5 | 850.1 | 893.9 | 942.4 | 996.3 | 1,056.3 | 1,123.3 | 1,198.5 | 1,283.0 | 1,378.3 | 1,486.2 | 6.7% |
| MEA | 311.1 | 320.3 | 391.9 | 407.8 | 425.6 | 445.4 | 467.5 | 492.4 | 520.3 | 551.7 | 587.2 | 627.4 | 673.0 | 6.1% |
| Overall | 7,111.2 | 7,425.3 | 9,200.0 | 9,722.6 | 10,303.4 | 10,950.9 | 11,674.7 | 12,486.3 | 13,399.4 | 14,430.0 | 15,597.3 | 16,924.5 | 18,439.2 | 7.7% |
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