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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
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)
Related regional statistics
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