Middle East & Africa Guitar Market Size & Outlook

The guitar market in Middle East & Africa is expected to reach a projected revenue of US$ 673.0 million by 2030. A compound annual growth rate of 6.1% is expected of Middle East & Africa guitar market from 2024 to 2030.
Revenue, 2023 (US$M)
$445.4
Forecast, 2030 (US$M)
$673.0
CAGR, 2024 - 2030
6.1%
Report Coverage
Middle East & Africa

MEA guitar market highlights

  • The MEA guitar market generated a revenue of USD 445.4 million in 2023.
  • The market is expected to grow at a CAGR of 6.1% 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, UAE is expected to register the highest CAGR from 2024 to 2030.


MEA data book summary

Market revenue in 2023USD 445.4 million
Market revenue in 2030USD 673.0 million
Growth rate6.1% (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, MEA region accounted for 4.1% 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

Middle East & Africa 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 59.99% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa guitar market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa guitar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

Middle East & Africa Guitar Market Outlook Share, 2023 & 2030 (US$M)

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

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