North America Guitar Market Size & Outlook, 2023-2030

The guitar market in North America is expected to reach a projected revenue of US$ 4,495.5 million by 2030. A compound annual growth rate of 8.3% is expected of North America guitar market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,572.5
Forecast, 2030 (US$M)
$4,495.5
CAGR, 2024 - 2030
8.3%
Report Coverage
North America

North America guitar market highlights

  • The North America guitar market generated a revenue of USD 2,572.5 million in 2023.
  • The market is expected to grow at a CAGR of 8.3% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 2,572.5 million
Market revenue in 2030USD 4,495.5 million
Growth rate8.3% (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, North America region accounted for 23.5% 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

North America 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 54.28% in 2023. Horizon Databook has segmented the North America 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 North America 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.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America guitar market , including forecasts for subscribers. This continent databook contains high-level insights into North America guitar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

North America Guitar Market Outlook Share, 2023 & 2030 (US$M)

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

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