Asia Pacific Guitar Market Size & Outlook, 2023-2030

The guitar market in Asia Pacific is expected to reach a projected revenue of US$ 8,638.8 million by 2030. A compound annual growth rate of 7.9% is expected of Asia Pacific guitar market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,074.4
Forecast, 2030 (US$M)
$8,638.8
CAGR, 2024 - 2030
7.9%
Report Coverage
Asia Pacific

Asia Pacific guitar market highlights

  • The Asia Pacific guitar market generated a revenue of USD 5,074.4 million in 2023.
  • The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
  • In terms of segment, acoustic was the largest revenue generating product in 2023.
  • Electric is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 5,074.4 million
Market revenue in 2030USD 8,638.8 million
Growth rate7.9% (CAGR from 2023 to 2030)
Largest segmentAcoustic
Fastest growing segmentElectric
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAcoustic, Electric
Key market players worldwideKKR & Co Inc Ordinary Shares, Yamaha Corp, C.F. Martin & Co, Fender, Hoshino Gakki, Hofner, PRS Guitars, Schecter Guitar Research


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 46.3% of the global guitar market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 4,495.5 million by 2030.

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Guitar Market Companies

Name Profile # Employees HQ Website

Asia Pacific 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 55.4% in 2023. Horizon Databook has segmented the Asia Pacific guitar market based on acoustic, electric covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific guitar market databook

  • Our clientele includes a mix of guitar market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Asia Pacific guitar market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific guitar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific guitar market size, by country, 2018-2030 (US$M)

Asia Pacific Guitar Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific guitar market size, by country, 2018-2030 (US$M)

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