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Prominent Guitar Market Trend for 2025: Innovation In The Guitar Market
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 with the performing artists. These events also offer a platform for guitar manufacturers and brands to display their products to a captive audience of music aficionados. For instance, Prism.fm, an American concert and live event management platform, reported that the global live music market grew by 25% in 2023, compared to 2022, reaching a value of $33 billion. Predictions show that the live music industry may reach up to $50 billion by 2030. As such, the growing frequency of live music events and concerts have boosted the demand for guitars.
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What Is the projected market size and growth rate for the guitar market?
In recent times, there has been a robust growth in the guitar market. It's projected that the market's value will rise from 2024's $9.25 billion to $10.07 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.9%. The substantial growth in the historic era can be linked to the progression of musical genres, cultural luminaries and influential figures, advancements in guitar makeovers, developments in music education and learning trends, along with demographic changes.
In the coming years, the guitar market is projected to experience significant growth, with an estimated value of $13.95 billion by 2029, fuelled by a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this anticipated growth within the forecast period include the increased interest in music education, the influence of social media and influencers, the trend of home recording studios, the resurgence of live music, and niche market expansion. Notable trends anticipated during this period are enhanced digital connectivity, the development of smart guitar technology, the resurgence of vintage and retro themes, the demand for artisanal and boutique guitars, and increased interest in customization and personalization.
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What are the emerging trends shaping the future of the guitar market?
Leading businesses in the guitar market such as Fender Musical Instruments Corporation are striving to create cutting-edge products like ergonomic and lightweight guitars to stay competitive. These are crafted thoughtfully, keeping comfort, effortless playing, and the minimization of physical stress on the user in mind. For instance, in October 2023, Fender, an American musical instruments and amplifier producer, unveiled The Highway Series. These guitars are lightweight and ergonomic in design, boasting fully integrated Fishman pickup systems and advanced features that deliver a sound ready for the stage. The goal of the series is to offer a fresh twist on the traditional acoustic guitar experience by merging pioneering advancements with the enduring aesthetics of classic guitars. The Highway Series guitars are equipped with an ergonomic, feedback-resistant design and a Fishman Fluence pickup, ensuring a smooth set-up, capturing the nostalgic charm of traditional acoustic guitars but with elevated features that suit the needs of the contemporary live acoustic musician.
What major market segments define the scope and growth of the guitar market?
The guitar market covered in this report is segmented -
1) By Type: Acoustic Guitars, Electric Guitars, Solar Guitars
2) By Number Of Strings: Six Strings, Eight Strings, Twelve Strings, Other Number Of Strings
3) By Distribution: Offline, Online
Subsegments:
1) By Acoustic Guitars: Dreadnought, Concert, Parlor, Jumbo, Travel Guitars
2) By Electric Guitars: Solid Body Electric Guitars, Hollow Body Electric Guitars, Semi-Hollow Body Electric Guitars
3) By Solar Guitars: Solar-Powered Acoustic Guitars, Solar-Powered Electric Guitars
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Which region dominates the guitar market?
Asia-Pacific was the largest region in the guitar market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the guitar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the guitar industry growth?
Major companies operating in the guitar market report are Yamaha Corporation; Gibson Brands Inc.; Taylor Guitars; Fender Musical Instruments Corporation; Martin Guitar Company; Eastman Guitars; PRS Guitars; Collings Guitars; Schecter Guitar Research; Godin Guitars; Rickenbacker International Corporation; Dean Guitars; Takamine Guitars; Washburn Guitars; Breedlove Guitars; Guild Guitars; ESP Guitars; Ibanez; Jackson Guitars; Alvarez Guitars; Cort Guitars; Epiphone; G&L Musical Instruments; Gretsch Company; Music Man; Ovation Guitars; Seagull Guitars
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What Is Covered In The Guitar Global Market Report?
• Market Size Forecast: Examine the guitar market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the guitar market for a structured understanding.
• Key Players Overview: Analyze major players in the guitar market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the guitar market.
• Segment Contributions: Evaluate how different segments drive overall growth in the guitar market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the guitar market.
• Industry Challenges: Identify potential risks and obstacles affecting the guitar market.
• Competitive Landscape: Review strategic developments in the guitar market, including expansions, agreements, and new product launches.
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