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PUBLISHER: Grand View Research | PRODUCT CODE: 1178738
PUBLISHER: Grand View Research | PRODUCT CODE: 1178738
Guitar Market Size, Share & Trends Analysis Report By Product (Acoustic And Electric), By Distribution Channel (Offline And Online), By Region, And Segment Forecasts, 2022 - 2030
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Guitar Market Growth & Trends:
The global guitar market size is expected to reach USD 18.44 billion by 2030, registering a CAGR of 7.7% from 2023 to 2030 according to a new report by Grand View Research, Inc. Several educational institutes have made music a part of their curriculum. This will engage youngsters and enhance their music skills and knowledge, which contribute to the rise in demand for guitars. With technological innovations and the development of internet penetration, music education can reach more students, globally. Moreover, the growing demand for customized guitars is the key driving factor for the market.
The COVID-19 outbreak had a positive impact on the growth of the market. During the pandemic, music instruments sale grew considerably, especially guitars. With an increase in guitar sales, it seems as though most people are turning to the guitar during their time stuck at home. For instance, according to Apple Inc., the company saw an increasing level of interest in Garage Band with 13.0 million downloads from its add-on "Sound Library" since February 2020, and hundreds of thousands of free trial downloads of Garage Band's pricier siblings Logic Pro X and Final Cut Pro X.
The online segment is likely to dominate during the forecast period from 2023 to 2030. According to a blog by Music Strive, 2021, despite having closed factories in March and April 2020, Fender finished the year with a high of USD 700.0 million, nearly 17.0% more than what was achieved in 2019. The trend of online purchasing of the instruments will continue in the forecast period.
Asia Pacific acquired the largest revenue share in the guitar market in 2022. The rising interest of people in music along with the ability to expend on entertainment and leisure activities has also increased the demand for electric guitars in the region. Moreover, the increase in the number of musical bands organizing music shows and festivals in the last couple of years drives the guitar demands in the region. Thus, Asia Pacific generated the largest revenue in 2022.
Manufacturers are largely concentrating on dynamic consumer requirements to manufacture highly efficient guitars that well suit their intended applications. Incorporating innovative designs, materials, and manufacturing technologies to produce high-quality and cost-efficient guitars is one of the popular trends in the guitar market.
Guitar Market Report Highlights:
- North America is expected to dominate the market during the forecast period from 2023 to 2030. This is owing to the increasing concept of live music in connection with the rising number of music concerts in the U.S. Michael Kelly Guitar Co. and others, which are introducing new variants to attract the largest customer base in the region
- The electric guitar segment is likely to dominate during the forecast period. Rising interest in music is expected to propel the growth of the electric guitar market
- The offline segment generated the maximum revenue in 2022. As, it offers several advantages, including freedom of selection, price ranges, and more visibility of the brands, making them an appropriate platform for all types of customers
Product Code: GVR-4-68040-018-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
Chapter 3. Guitar Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of the guitar market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the guitar market
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Guitar Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.2. Acoustic
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Electric
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Guitar Market Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 6.2. Offline
- 6.2.1. Market estimates and forecast, through offline, 2017 - 2030 (USD Million)
- 6.3. Online
- 6.3.1. Market estimates and forecast, through online, 2017 - 2030 (USD Million)
Chapter 7. Guitar Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2022
Chapter 9. Company Profiles
- 9.1. C. F. Martin & Co. Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Fender Musical Instruments Corp.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Gibson Brands Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. HOSHINO GAKKI Co. Ltd.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Karl Hofner GmbH & Co. KG
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Paul Reed Smith Guitars
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Rickenbacker International Corp.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Schecter Guitar Research Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Taylor-Listug Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Yamaha Corp.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
Product Code: GVR-4-68040-018-3
List of Tables
- 1. Guitar market - Driving factor market analysis
- 2. Guitar market - Restraint factor market analysis
- 3. Guitar operators' sales analysis 2021 vs. 2022
- 4. Acoustic guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 5. Electric guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 6. Guitar market estimates and forecast for offline, 2017 - 2030 (USD Million)
- 7. Guitar market estimates and forecast for online, 2017 - 2030 (USD Million)
- 8. North America guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 9. North America guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 10. North America guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 11. U.S. guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 12. U.S. guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 13. U.S. guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 14. Europe guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 15. Europe guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 16. Europe guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 17. U.K. guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 18. U.K. guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 19. U.K. guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 20. Germany guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 21. Germany guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 22. Germany guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 23. France guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 24. France guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 25. France guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 26. Asia Pacific guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 27. Asia Pacific guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 28. Asia Pacific guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 29. China guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 30. China guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 31. China guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 32. South Korea guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 33. South Korea guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 34. South Korea guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 35. Japan guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 36. Japan guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 37. Japan guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 38. Central & South America guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 39. Central & South America guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 40. Central & South America guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 41. Brazil guitar market estimates and forecast, 2017 - 2030 (USD Million) 107
- 42. Brazil guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 43. Brazil guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 44. Middle East & Africa guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 45. Middle East & Africa guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 46. Middle East & Africa guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 47. UAE guitar market estimates and forecast, 2017 - 2030 (USD Million)
- 48. UAE guitar market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 49. UAE guitar market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 50. Company categorization
List of Figures
- 1. Guitar market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Guitar market: Value chain analysis
- 7. Guitar sales/retail channel analysis
- 8. Guitar market: Porter's five forces analysis
- 9. Guitar market: Product share (%) analysis, 2022 & 2030
- 10. Guitar market: Distribution channel share (%) analysis, 2022 & 2030
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