UAE Guitar Market Size & Outlook, 2023-2030
UAE guitar market, 2018-2030 (US$M)
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UAE guitar market highlights
- The UAE guitar market generated a revenue of USD 186.2 million in 2023 and is expected to reach USD 290.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.5% 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.
Guitar market data book summary
| Market revenue in 2023 | USD 186.2 million |
| Market revenue in 2030 | USD 290.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Acoustic |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acoustic, Electric |
| Key market players worldwide | KKR & 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, UAE accounted for 1.7% of the global guitar market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE guitar market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa 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 |
|---|
UAE 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 58.75% in 2023. Horizon Databook has segmented the UAE 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 UAE 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 country-level data and insights on the UAE guitar market , including forecasts for subscribers. This country databook contains high-level insights into UAE guitar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UAE guitar market size, by product, 2018-2030 (US$M)
UAE Guitar Market Outlook Share, 2023 & 2030 (US$M)
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