Guitars Market Report 2025 (Global Edition)

Global Guitars Market Report 2025 Market Size Split by Therapy Outlook: (Acoustic Guitar, Electric Guitar, Classic Guitar), by Application Outlook: (Professional, Amateur), by Distribution Channel Out...

Guitars Market Report Description

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Competitive Landscape of the Guitars Market

The guitar market is highly competitive, with numerous established and emerging brands vying for market share. Key players include Fender, Gibson, Yamaha, and Epiphone, known for their iconic instruments and strong brand recognition. These companies compete with smaller boutique brands, offering unique designs and craftsmanship. Fluctuating raw material prices and the availability of alternative musical instruments also influence the market.

In September 2021, Fender Musical Instruments Corporation (FMIC) unveiled the innovative Player Plus Series, designed to meet the evolving needs of a new generation of guitar players. This series reimagines Fender’s most iconic models, combining cutting-edge technology with classic craftsmanship to deliver unparalleled playability and tone. Featuring fresh finishes, advanced electronics, and enhanced ergonomics, the Player Plus Series empowers musicians of all levels to unlock their creative potential. These guitars offer premium features at accessible prices, reflecting Fender's commitment to inspiring musicians worldwide. (Source: https://www.prnewswire.com/news-releases/fender-releases-new-player-plus-series-designed-to-unite-the-next-generation-of-players-shaping-the-future-of-guitar-301376516.html) In July 2021, Gibson Brands, Inc. announced a partnership with Kirk Hammett, a popular guitarist from the well-known heavy metal band Metallica. With this partnership, the company aims to introduce a signature line of guitars. (Source: https://www.forbes.com/sites/quentinsinger/2023/03/29/metallicas-kirk-hammett-partners-with-gibson-to-produce-20000-greeny-les-paul-reissue/)

Top Companies Market Share in Guitars Industry: (In no particular order of Rank)

• * C. F. Martin & Co. Inc.
• * Fender Musical Instruments Corp.
• * Gibson Brands Inc.
• * HOSHINO GAKKI Co. Ltd.
• * Karl Höfner GmbH & Co. KG
• * Paul Reed Smith Guitars
• * Rickenbacker International Corp.
• * Schecter Guitar Research Inc.
• * Taylor-Listug Inc.
• * Yamaha Corp.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Guitars Market

Which Region Dominates the Guitars Market in 2024?

According to Cognitive Market Research, North America currently dominates the Guitars market, and the region is expected to have significant growth during the projected period. This is due to its strong consumer demand for musical instruments, particularly in the United States. The U.S. has a rich musical heritage and a significant number of musicians and enthusiasts, contributing to the high demand for guitars. Additionally, the region is home to leading guitar manufacturers and brands, such as Fender and Gibson, which maintain a strong market presence. The U.S. also has well-established retail channels for musical instruments, making it a key player in the global market. Furthermore, the growing popularity of live music events and the influence of music education programs continue to drive the demand for guitars in North America.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This region's rapid growth is driven by increasing disposable incomes, a rising middle class, and a growing interest in music education and leisure activities among young populations. The burgeoning music industry, especially in countries like China and India, plays a significant role in this expansion. Additionally, the presence of key guitar manufacturers and a surge in demand for musical instruments in emerging economies contribute to the Asia Pacific's dominant position. The region's adoption of digital platforms for music learning and the accessibility of online music lessons further fuel this growth, making it the leading market for guitars in 2024.

The current report Scope analyzes Guitars Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Guitars

According to Cognitive Market Research, the global Guitars market size was estimated at USD 11524.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4609.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the guitar market with a market size of USD 3637.13 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Strong music culture fuels US guitar market growth.
• The Canadian guitars market had a market share of USD 553.18 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada’s Strong demand, diverse music scene, and government support.
• The Mexico Guitars market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 419.49 million in 2024.

Europe Guitars

According to Cognitive Market Research, the global guitar market size was estimated at USD 11524.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3457.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Guitars market had a market share of USD 580.83 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Guitars sales witness an upswing due to Rising demand, local craftsmanship, exports, cultural influence, and innovation.
• The France Guitars market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 318.08 million in 2024.
• According to Cognitive Market Research, the German Guitars market size was valued at USD 684.56 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Guitars surged due to innovation, craftsmanship, and strong exports.
• The Italy Guitars market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 297.33 million in 2024.
• The Russian Guitars market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 535.89 million in 2024.
• The Spain Guitars market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 283.50 million in 2024
• The Luxembourg guitar market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 107.18 million in 2024.
• The Portugal Guitars market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 72.60 million in 2024.
• The Greek guitar market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 41.49 million in 2024.
• The Rest of Europe's guitar market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 535.89 million in 2024.

Asia Pacific Guitars

According to Cognitive Market Research, the global Guitars market size was estimated at USD 11524.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2650.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Guitars market size was valued at USD 1192.79 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Guitars surged in China due to rising disposable income, increasing music education, and a growing youth population.
• The Japan Guitars market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 365.79 million in 2024.
• The India Guitars market had a market share of USD 318.08 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Rising disposable income, growing youth population, and increasing interest in music drive India's guitar market growth.
• The South Korean Guitar market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 265.06 million in 2024.
• The Australian Guitars market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 137.89 million in 2024.
• The Southeast Asia guitar market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 182.89 million in 2024.
• The Rest of Asia Pacific Guitars market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 188.20 million in 2024.

South America Guitars

According to Cognitive Market Research, the global guitar market size was estimated at USD 11524.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 576.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Guitars market size was valued at USD 246.62 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Guitars flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's guitar market had a market share of USD 96.81 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's Strong musical heritage fuels .
• Colombia Guitars market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 2.09 million in 2024.
• Peru Guitars market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 1.92 million in 2024.
• The Chilean guitar market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1.69 million in 2024.
• The Rest of Latin America's guitar market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 3.78 million in 2024.

Middle East and Africa Guitars

According to Cognitive Market Research, the global Guitars market size was estimated at USD 469.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 9.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031..

• The GCC Countries Guitars market is projected to grow at a CAGR of 9.5% during the forecast period, with a market size of USD 4.02 million in 2024. Guitar sales flourish due to Rising disposable income fuels.
• The Egypt Guitars market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 0.99 million in 2024.
• The South African guitars market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 1.48 million in 2024. Guitars sales flourished in South Africa due to Growing middle class, youth interest, and music culture.
• The Turkey Guitars market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 0.81 million in 2024.
• The Nigerian guitar market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 0.99 million in 2024.
• The Rest of the MEA Guitars market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1.11 million in 2024.

Guitars Market Analysis

How are Segments Performing in the Global Guitars Market?

Guitars Market Therapy Segment Analysis

According to Cognitive Market Research, The acoustic guitar market is experiencing rapid growth due to its versatility, affordability, and rising popularity across genres like folk, pop, and indie music. The increasing trend of live performances, social media-driven content creation, and a surge in beginner musicians drive demand for acoustic guitars. Innovations in lightweight, eco-friendly materials and enhanced sound quality further boost their appeal. Additionally, the growing interest in acoustic guitar-based music education programs and online tutorials fuels adoption, making it the fastest-growing segment in the music instrument market.

Electric guitars dominate the market due to their versatility and ability to produce a wide range of sounds. They are popular across various music genres, from rock and pop to jazz and blues. Additionally, technological advancements have made electric guitars more affordable and accessible, further driving their market dominance.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Guitars Industry. Request a Free Sample PDF!

Guitars Market Application Segment Analysis

According to Cognitive Market Research, The fastest-growing market in India is the renewable energy sector. It's driven by factors like increasing energy demand, government support through policies like the National Solar Mission, and falling costs of renewable technologies. This growth is evident in the rapid expansion of solar, wind, and other renewable energy projects across the country.

In the Guitars Market, Amateurs often dominate markets due to their sheer numbers and uncoordinated actions. This can lead to trends and bubbles that professionals may need help to predict or capitalize on. Additionally, amateurs may be more willing to take risks or invest in emerging markets that professionals deem too volatile.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Guitars Distribution Channel Outlook: Segment Analysis

Guitars Market Distribution Channel Segment Analysis

According to Cognitive Market Research, While online retail is growing rapidly, the offline market remains the dominant force, with a total value expected to reach $1,605 billion by 2030. This growth is driven by factors like rising rural consumption, the expansion of organized retail, and the increasing adoption of technology by offline retailers.

In the Guitars market, the rapidly growing sector is Online markets dominate due to factors like convenience, accessibility, and cost-effectiveness. Consumers can easily browse and purchase products from anywhere, anytime. Online platforms offer a vast selection and competitive pricing, often with exclusive deals and promotions. Additionally, online businesses can reach a wider audience and personalize marketing efforts, leading to increased customer engagement and loyalty.

• Offline
• Online

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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