Guitar Market is Likely to Rise at USD 9369.91 Million Globally by 2030

Over the last few years, the popularity of guitar has risen quite steadily. It has become a more required instrument than piano. Music schools have more students which are highly seeking to learn guitar. The increasing interest in music is significantly enhancing the demand for the guitar around the world. Electric guitars are essential to popular music genres such as metal and rock. The popularity of these popular music genres encourages some people to learn the guitar.

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Data Bridge Market Research analyses that the guitar market is expected to reach USD 9369.91 million by 2030, which is USD 7115.62 million in 2022, registering a CAGR of 3.50% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

The guitar market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the guitar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the guitar market in terms of revenue and market share owing to the growing awareness regarding concerts and music coupled with increasing disposable income among middle-class groups in this region.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to increasing demand for electric guitars amongst rock musicians electric guitars offered wide range of tones.

The guitar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to guitar market.

Some of the major players operating in the guitar market are:

Fender Musical Instruments Corporation (U.S.)
Gibson Brands, Inc, (U.S.)
Karl Höfner GmbH & Co. KG (Germany)
PRS Guitars (U.S.)
Yamaha Corporation (Japan)
B.C. Rich Guitars (U.S.)
Cort Guitars (Indonesia)
The ESP Guitar Company (U.S.)
G&L Musical Instruments (U.S.)
Godin Guitars (Canada)
SAMICK MUSICAL INSTRUMENT CO.,Ltd (South Korea)
Schecter Guitar Research (U.S.)
TAYLOR-LISTUG, INC (U.S.)
Rickenbacker International Corporation (U.S.)

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