Press release
Global Guitar Market Research Report 2023 Professional Edition
Global Guitar Market
Access Full Report here : https://www.zionmarketresearch.com/report/guitar-market
The guitar is an extremely popular musical instrument that has consumers across the world and is not specific to a particular region. It is a form of fretted instrument which means that it is composed of thin strips of metal wire, the most commonly used, or other material. The strips are laterally positioned at specific locations along the fretboard or the neck of the stringed guitar. While playing the instrument, the sound can either be projected acoustically or by using a resonant chamber. The sound can be amplified using an amplifier or an electric pickup. Guitar falls under the category of chordophone which is a classification for instruments that use vibrating strings attached along two separate points, to produce sound. Traditionally, the famous instrument was created using wood and strings made of catgut, however with the musical revolution in recent years, guitars made of steel were introduced in the United States where the strings were made of nylon.
Covid-19 Impact
The global cap was positively influenced during the peak of the virus-driven by the lockdown impositions and remote work culture. These factors led to people having more time at hand to explore their hobbies. A lot of companies encouraged employees to showcase their talents while working remotely, as a part of the organization's initiatives to boost their morale and help them navigate through the critical conditions that arose during the pandemic. The global market faced challenges initially because of delays in the supply chain, the absence of raw materials, and other factors but in the long run, the impact seems to be positive.
Key Insights
● As per the analysis shared by our research analyst, the global guitar market is estimated to grow annually at a CAGR of around 7.0% over the forecast period (2022-2030).
● In terms of revenue, the global guitar market size was valued at around USD 6875 million in 2021 and is projected to reach USD 11800 million, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
● Based on mode of purchase segmentation, offline was predicted to show maximum market share in the year 2021
● Based on type segmentation, the electric guitar was the leading revenue-generating type in 2021.
● On the basis of region, North America was the leading revenue generator in 2021
This research report categorizes the Guitar market based on product type, Application, and region.
On the basis of product type:
● Electric Guitar
● Hawaiian Guitar
● Acoustic Guitar
On the basis of Application:
● Offline
● Online
The key players in the Guitar market include
● Fender Musical Instruments Corp
● HOSHINO GAKKI Co. Ltd
● C. F. Martin & Co. Inc
● Rickenbacker International Corp
● Gibson Brands Inc
● Schecter Guitar Research Inc.
● Yamaha Corp
● Taylor-Listug Inc.
North America to lead market growth during the forecast period
The global guitar market is projected to be led by North America in the coming years owing to the high market penetration of guitar manufacturers. The electric guitar was first invented in the US in the 1940s and since then the country has become the hub of guitar players. The US music industry and its world-famous artists, contribute heavily to the regional market growth. The industry along with its players is highly influential where the guitar is a standard and popular part of their music culture. For instance, the guitar of Kurt Donald Cobain, a pioneer in the American music industry, was sold for USD 4.6 million in an auction in May 2020. The global market may also benefit from Asia-Pacific owing to its rising population and the subsequent number of people interested in learning guitar. Even though the instrument is commonly found, with the emergence of schools and other teaching institutes focusing solely on music, it is expected that the region will grow further.
Read more at: https://www.zionmarketresearch.com/news/global-guitar-market
Read Our Other Reports :
https://www.brasskangaroo.com/news/luxury-hair-care-market-report-focus-on-landscape-current-and-future-development-2023-2031-1443
https://www.brasskangaroo.com/news/global-utility-bill-management-system-market-industry-share-forecasts-2023-2031-1444
https://www.brasskangaroo.com/news/global-aec-market-trends-industry-share-size-growth-forecast-2031-1445
https://www.brasskangaroo.com/news/encapsulated-flavors-and-fragrances-market-cagr-value-2023-dynamics-oncoming-demands-industry-share-forecast-by-2030-1446
https://www.brasskangaroo.com/news/soundbar-market-to-accelerate-at-7-cagr-usd-78715-mn-incremental-growth-expected-during-the-forecast-period-zmr-1447
https://feedingtrends.com/global-pasteurized-eggs-market-growth-and-trends-2030-market-report
https://feedingtrends.com/global-guitar-market-research-report-2023-professional-edition
https://feedingtrends.com/global-arts-and-crafts-for-children-market-size-share-trends-2030
https://feedingtrends.com/electrical-discharge-machine-market-analysis-drivers-trend-2030
https://feedingtrends.com/sorbitan-monostearate-market-growth-2023-size-and-share-2031
About Us :
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog : https://zmrblog.com/
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Guitar Market Research Report 2023 Professional Edition here
News-ID: 2975503 • Views: …
More Releases from Zion Market Research
Halal Food Market to Reach USD 16.84 Billion by 2034, Expanding at 18.04% CAGR
The global halal food market, valued at USD 3.21 billion in 2024, is projected to reach USD 16.84 billion by 2034 at a robust CAGR of 18.04%. This extraordinary growth is fueled by a rapidly rising global Muslim population, increasing demand for certified halal-compliant food, expanding global halal trade networks, and the emergence of halal as a trusted, premium, ethical, and hygienic food label even for non-Muslim consumers.
Key Market Highlights
Metrics Insight
2024…
Paper Bags Packaging Market to Reach USD 6.10 Billion by 2034, Expanding at 4.82 …
The global paper bags packaging market, valued at USD 3.81 billion in 2024, is projected to reach USD 6.10 billion by 2034, growing at a 4.82% CAGR between 2025 and 2034. The market is gaining momentum on the back of sustainability mandates, stringent global regulations against single-use plastic, rising consumer environmental consciousness, and the rapid expansion of e-commerce and foodservice industries adopting recyclable packaging.
Key Market Highlights
Indicator Insight
2024 Market Value USD 3.81 Billion
2034…
Fabry Disease Treatment Market to Reach USD 10.54 Billion by 2034, Expanding at …
The global Fabry disease treatment market, valued at USD 5.18 billion in 2024, is projected to reach USD 10.54 billion by 2034, growing at a 6.8% CAGR (2025-2034). Market momentum is driven by rising disease awareness and diagnosis, expanding enzyme replacement therapy (ERT) utilization, progress in chaperone and substrate reduction therapies (SRT), and an advancing pipeline in gene and next-generation ERTs. Persistent unmet need-stemming from organ involvement (renal, cardiac, cerebrovascular),…
Snow Sports Apparel Market to Reach USD 5.37 Billion by 2034, Expanding at 7.3% …
The global snow sports apparel market, valued at USD 2.65 billion in 2024, is projected to reach USD 5.37 billion by 2034, growing at a 7.3% CAGR (2025-2034). Growth is driven by the rising popularity of winter sports and outdoor recreation, fabric and garment-tech innovations (breathability, waterproofing, thermal regulation), and the accelerating role of e-commerce, social media, and athlete-led branding in discovery and conversion.
Strategic Market Insights & Key Performance Indicators
2024…
More Releases for Guitar
Prominent Guitar Market Trend for 2025: Innovation In The Guitar Market
What industry-specific factors are fueling the growth of the guitar market?
The rise in popularity for live music shows and concerts has fueled the expansion of the guitar market. These engaging musical events not only enhance mood, emotions and health, but also serve as a social outlet for attendees. Live shows and concerts have the power to bring together groups of people with equivalent musical preferences and enable them to connect…
Guitar Kaksha is Making Online Guitar Classes Accessible to Everyone With Its On …
Image: https://lh7-rt.googleusercontent.com/docsz/AD_4nXcNLIpSom16BJKg78vmYAe8eSIMNV6KU1QN7EGP0H-ZW3F9GKfcKhfU0SNw154WW2oIhaOwWpPwl2V0ocU90RbcVQ_XhjAc-KueCgEhZJdTogiCuSWJxojR5CLuQy4NGM5tt_g4Jg?key=KrONLVP0_ELdveeRq-tMAcSp
Guitar Kaksha, India's leading online guitar learning [https://guitarkaksha.com/] platform, is transforming music education with its unparalleled learning environment. Emphasizing hands-on instruction, students can now engage in interactive and personalized courses that can be scheduled at their convenience. Boasting a team of skilled and experienced guitarists, Guitar Kaksha is quickly becoming a favorite among learners of all ages, whether they want to master Hindi or English songs.
With its unique teaching…
Prominent Guitar Market Trend for 2025: Innovation In The Guitar Market
What Are the Projected Growth and Market Size Trends for the Guitar Market?
The guitar market will grow from $9.25 billion in 2024 to $10.07 billion in 2025, reflecting a CAGR of 8.9%. The growth is driven by the evolution of musical genres, cultural influences, guitar design innovations, and music education trends.
The guitar market is expected to grow significantly, reaching $13.95 billion by 2029 at a CAGR of 8.5%. Growth drivers…
Level Up Your Guitar Expands Online Guitar Lessons Worldwide
Image: https://www.getnews.info/wp-content/uploads/2024/05/1716911919.jpeg
Award-winning guitar academy now offers tailored lessons to students everywhere.
Gurnee and Seattle - May 28, 2024 - Learning to play the guitar is a dream for many, yet limited access to quality instruction poses a significant challenge. Recognizing the obstacles faced by aspiring musicians, Level Up Your Guitar announces its expansion to provide online guitar lessons globally. By extending its acclaimed program beyond regional boundaries, Level Up Your Guitar…
Guitar Market Growing Popularity & Emerging Trends | Gibson Brand, Taylor Guitar …
The Latest Study Published by HTF MI Research on the "Guitar Market'' evaluates market size, trend and forecast to 2030. The Guitar market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information…
Research Analysis Report of Electric Guitar Market 2024 by Major Players- Gibson …
A strong consumer influence, due to the increasing levels of per capita disposable income has supported the growth of the electric guitar market, at a significant rate. The electric guitar market is highly sensitive to regional and global economic crisis. The increasing disposable income and growing interest of people in music are of the key drivers for the growth of the electric guitar market. The increasing number of musical bands…
