Global Guitar Market Size Study & Forecast, by Product (Acoustic, Electric), By Distribution Channel (Offline, Online), and Regional Analysis, 2023-2030

Description

List of Tables

Global Guitar Market is valued at approximately USD 10.30 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2023-2030. A guitar is a musical instrument that typically has six strings and is played by strumming or plucking the strings with the fingers or a pick. It is a versatile instrument widely used in various musical genres, including rock, pop, blues, jazz, country, and classical music. The Guitar Market is expanding because of factors such as the surging demand for acoustic guitars, an increasing number of live music shows, and the rising influence of popular culture and icons, coupled with the stipulating demand for customized guitars.

In addition, the increasing availability of products on various online and e-commerce platforms is acting as a catalyzing factor for market growth across the globe. Consumers can explore a wide variety of guitar options, compare prices, and make purchases conveniently online. Online platforms also provide access to educational resources, tutorials, and online lessons, promoting guitar playing and increasing the demand for instruments. According to Statista, in 2015 global retail e-commerce sales were USD 1,548 billion and the number is anticipated to reach USD 8,148 billion by 2026. As a result, the rising e-commerce sector is anticipated to create a lucrative demand for the market. Accordingly, the rise of online platforms and e-commerce has significantly impacted the guitar market. Thus, these aforementioned factors are propelling the growth of the Guitar Market during the estimated period. Moreover, growing popularity of music-related leisure activities, as well as increasing technological advancements and innovation, present various lucrative opportunities over the forecasting years. However, the increasing usage of music production software is challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Guitar Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising trend of live music concerts, as well as growing popularity of guitar-based music genres. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The high presence of the largest musical instrument manufacturers, along with the availability of diverse guitar styles and models are significantly propelling the market demand across the region.

Major market players included in this report are:

C. F. Martin & Co. Inc.
Fender Musical Instruments Corp.
Gibson Brands Inc.
HOSHINO GAKKI Co. Ltd.
Karl Hofner GmbH & Co. KG
Paul Reed Smith Guitars
Rickenbacker International Corp.
Schecter Guitar Research Inc.
Taylor-Listug Inc.
Yamaha Corp.

Recent Developments in the Market:

In September 2021, Fender Musical Instruments Corporation (FMIC) announced the introduction of the brand-new Player Plus Series. Player Plus places the guitar's power squarely in the hands of the next generation of players with updated versions of some of Fender's most recognizable models.

Global Guitar Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Acoustic
Electric

By Distribution Channel:

Offline
Online

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Guitar Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Guitar Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Guitar Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Guitar Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Guitar Market Dynamics

3.1. Guitar Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing availability of products on various online and e-commerce platforms
  - 3.1.1.2. Rising number of live music shows
- 3.1.2. Market Challenges
  - 3.1.2.1. Increasing usage of music production software
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing popularity of music-related leisure activities
  - 3.1.3.2. Increasing technological advancements and innovation

Chapter 4. Global Guitar Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Guitar Market, by Product

5.1. Market Snapshot
5.2. Global Guitar Market by Product, Performance - Potential Analysis
5.3. Global Guitar Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Guitar Market, Sub Segment Analysis
- 5.4.1. Acoustic
- 5.4.2. Electric

Chapter 6. Global Guitar Market, by Distribution Channel

6.1. Market Snapshot
6.2. Global Guitar Market by Distribution Channel, Performance - Potential Analysis
6.3. Global Guitar Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Guitar Market, Sub Segment Analysis
- 6.4.1. Offline
- 6.4.2. Online

Chapter 7. Global Guitar Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Guitar Market, Regional Market Snapshot
7.4. North America Guitar Market
- 7.4.1. U.S. Guitar Market
  - 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Guitar Market
7.5. Europe Guitar Market Snapshot
- 7.5.1. U.K. Guitar Market
- 7.5.2. Germany Guitar Market
- 7.5.3. France Guitar Market
- 7.5.4. Spain Guitar Market
- 7.5.5. Italy Guitar Market
- 7.5.6. Rest of Europe Guitar Market
7.6. Asia-Pacific Guitar Market Snapshot
- 7.6.1. China Guitar Market
- 7.6.2. India Guitar Market
- 7.6.3. Japan Guitar Market
- 7.6.4. Australia Guitar Market
- 7.6.5. South Korea Guitar Market
- 7.6.6. Rest of Asia Pacific Guitar Market
7.7. Latin America Guitar Market Snapshot
- 7.7.1. Brazil Guitar Market
- 7.7.2. Mexico Guitar Market
7.8. Middle East & Africa Guitar Market
- 7.8.1. Saudi Arabia Guitar Market
- 7.8.2. South Africa Guitar Market
- 7.8.3. Rest of Middle East & Africa Guitar Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. C. F. Martin & Co. Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Fender Musical Instruments Corp.
- 8.3.3. Gibson Brands Inc.
- 8.3.4. HOSHINO GAKKI Co. Ltd.
- 8.3.5. Karl Hofner GmbH & Co. KG
- 8.3.6. Paul Reed Smith Guitars
- 8.3.7. Rickenbacker International Corp.
- 8.3.8. Schecter Guitar Research Inc.
- 8.3.9. Taylor-Listug Inc.
- 8.3.10. Yamaha Corp.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Guitar Market, report scope
TABLE 2. Global Guitar Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Guitar Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Guitar Market estimates & forecasts by Distribution Channel 2020-2030 (USD Billion)
TABLE 5. Global Guitar Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Guitar Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Guitar Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Guitar Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Guitar Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Guitar Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Guitar Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Guitar Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Guitar Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Guitar Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Guitar Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Guitar Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Guitar Market
TABLE 70. List of primary sources, used in the study of global Guitar Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Guitar Market, research methodology
FIG 2. Global Guitar Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Guitar Market, key trends 2022
FIG 5. Global Guitar Market, growth prospects 2023-2030
FIG 6. Global Guitar Market, porters 5 force model
FIG 7. Global Guitar Market, pest analysis
FIG 8. Global Guitar Market, value chain analysis
FIG 9. Global Guitar Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Guitar Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Guitar Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Guitar Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Guitar Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Guitar Market, regional snapshot 2020 & 2030
FIG 15. North America Guitar Market 2020 & 2030 (USD Billion)
FIG 16. Europe Guitar Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Guitar Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Guitar Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Guitar Market 2020 & 2030 (USD Billion)