In 2021, the guitar market retail sales value amounted to approximately **** billion U.S. dollars in the United States, up from around **** billion in the previous year. The figure reached its lowest point in 2009, when the U.S. guitar market retail sales value was around 821 million U.S. dollars. Retail sales vs. wholesale sales  Retail sales are when guitars are sold in small quantities directly to consumers from a specific establishment, such as a department store. Comparatively, wholesale is the selling of guitars in great quantities at a discount to merchants for resale to retailers. Both of these segments have seen growth over the past years. In 2021, the wholesale guitar market value in the U.S. was nearly *** billion U.S. dollars, up from around *** billion one year earlier. Cumulatively, roughly *** million guitars were sold in the United States in 2021. Guitar type popularity Guitars are generally divided into two main types: acoustic and electric. Electric guitars, while more modern, are not as popular as the more traditional acoustic guitar – this can be shown by the fact that in 2021 electric guitar sales accounted for a little less than *** million of all guitar sales.

The number of guitars sold in the United States increased from around **** million units in 2019 to **** million units in 2021. The volume of guitars sold in the U.S. reached a new peak in 2021, with the former record for units sold in the country being *** million in 2005.

Acoustic guitars vs. electric guitars
When looking at the different types of products in the guitar market in the U.S., sales figures show that acoustic guitars were purchased more frequently than electric guitars. The number of acoustic guitars sold in the U.S. reached a new peak in 2021, with over **** million units sold in that year. Meanwhile, the number of electric guitars sold in the U.S. only amounted to around **** million units in 2021.

Are guitars becoming more expensive?
One explanation for the fall in the number of guitars sold in the U.S. could be that these instruments have become more expensive. Comparing the average unit price of a guitar in the U.S. in 2005 and 2021 shows that the average unit cost has almost doubled over 16 years. In 2021, the average price of an electric guitar in the U.S. was higher than the average price of an acoustic guitar in the United States.

The number of electric guitars sold in the United States increased by roughly **** percent in 2021 over the previous year. Overall, unit sales totaled approximately **** million in 2021, rising from around *** million in 2020.

Snapshot img

Guitar Market Size 2025-2029

The guitar market size is valued to increase by USD 2.21 billion, at a CAGR of 7.8% from 2024 to 2029. Growing popularity of music-related leisure activities will drive the guitar market.

Major Market Trends & Insights

North America dominated the market and accounted for a 54% growth during the forecast period.
By Type - Acoustic segment was valued at USD 1.96 billion in 2023
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 84.40 million
Market Future Opportunities: USD 2209.30 million
CAGR from 2024 to 2029 : 7.8%

Market Summary

The market experiences continuous expansion, fueled by the increasing popularity of music-related leisure activities and the rise of online retailing. With an estimated 50 million guitar players worldwide, the market's value surpasses USD 12 billion, reflecting a significant consumer base. Long replacement cycles characterize this industry, as guitars, especially high-end models, are considered investments. Manufacturers and retailers cater to diverse segments, including acoustic, electric, and bass guitars, as well as accessories like amplifiers and strings. Technological advancements, such as digital interfaces and smart technology, introduce new opportunities for innovation. However, challenges persist, including intense competition, supply chain disruptions, and fluctuating raw material prices.
Innovative companies address these challenges by focusing on sustainability, customization, and user experience. For instance, some manufacturers integrate renewable materials into their products, while others offer personalized designs and custom-made instruments. These strategies not only cater to evolving consumer preferences but also contribute to the market's long-term growth. In conclusion, the market, valued at over USD 12 billion, is driven by the rising popularity of music-related activities and the shift to online retailing. With a long replacement cycle and diverse segments, this industry presents both opportunities and challenges for manufacturers and retailers. Companies that focus on innovation, sustainability, and user experience will likely thrive in this dynamic market.

What will be the Size of the Guitar Market during the forecast period?

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How is the Guitar Market Segmented?

The guitar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Acoustic
  Electric
  Classical
  Bass


Distribution Channel

  Offline
  Online


End-User

  Professional Musicians
  Amateur Musicians
  Educational Institutions


Material

  Wood
  Metal
  Composite Materials


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The acoustic segment is estimated to witness significant growth during the forecast period.

The market is characterized by the continuous evolution of design and manufacturing techniques, with acoustic guitars leading the charge. Acoustic guitars, which represent the largest market segment, are favored for their affordability and accessibility, particularly in developing countries. These instruments, which do not require amplification, feature hollow bodies that amplify string vibration and project sound acoustically. In contrast, developed markets, such as the US and the UK, exhibit a stagnant demand for acoustic guitars. However, the acoustic market is thriving in developing countries, with India and Brazil being key contributors. Approximately 65% of all guitars sold worldwide are acoustic, underscoring their enduring popularity.

Design elements, such as soundhole design, body shaping techniques, bracing patterns, and fretboard construction, are continually refined to enhance tone and playability. Tuning machine types, fret leveling techniques, and back wood resonance are also subject to ongoing innovation. Manufacturing processes, including pickup winding techniques, side wood selection, neck joint types, and tonewood selection, are optimized for improved sound quality and durability. Hardware components, such as inlays, capacitor selection, and hardware materials, are meticulously chosen to complement the overall design. Acoustic guitars' natural resonance and the impact of string gauge are further influenced by factors like bridge design, tremolo systems, top wood vibration, case construction materials, pickup configuration, and

The global acoustic guitar market, a vibrant segment within the broader musical instrument industry, is experiencing steady growth driven by several key factors. The resurgence of interest in folk, blues, and singer-songwriter genres, coupled with the increasing popularity of acoustic music in various media, fuels demand for these instruments. Furthermore, a growing number of individuals are taking up music as a hobby or seeking creative outlets, contributing to increased sales. The market is segmented by application (performance, teaching, others) and type (nylon/gut stringed, steel stringed, others), with steel-string acoustic guitars holding a significant market share due to their versatility and use across diverse musical styles. Established brands like Martin, Taylor, and Gibson dominate the high-end segment, while numerous other manufacturers cater to different price points and market segments. The market exhibits regional variations, with North America and Europe currently holding the largest market shares, reflecting higher disposable incomes and established music cultures. However, Asia-Pacific is projected to show significant growth over the forecast period, driven by rising middle classes and increasing music education initiatives in countries like China and India. While the market faces potential restraints such as the availability of substitute instruments and the impact of economic fluctuations, the overall growth trajectory remains positive, fueled by the enduring appeal of the acoustic guitar and the continued expansion of the music market. The forecast period (2025-2033) anticipates a continuation of this positive trend. While precise CAGR figures are not provided, a conservative estimate, considering the factors mentioned above and typical growth within the musical instrument industry, would place the annual growth rate around 3-5%. This translates to a substantial increase in market value over the next decade. Specific regional growth will vary, with the Asia-Pacific region anticipated to outpace others, given its considerable market potential. The competitive landscape is likely to remain dynamic, with both established brands and emerging players vying for market share through product innovation, marketing initiatives, and strategic partnerships. The continued focus on sustainability and environmentally friendly materials in instrument manufacturing is also expected to become an increasingly important factor in shaping the market.

The global electric guitars market size was USD 4.72 billion in 2024 & is projected to grow from USD 5.04 billion in 2025 to USD 8.40 billion by 2033.
Report Scope:

Snapshot img

Electric Guitar Market Size 2025-2029

The electric guitar market size is valued to increase USD 1.57 billion, at a CAGR of 10.3% from 2024 to 2029. Growing demand for music-related leisure activities will drive the electric guitar market.

Major Market Trends & Insights

North America dominated the market and accounted for a 59% growth during the forecast period.
By Product - Solid-body segment was valued at USD 1.23 billion in 2023
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 116.60 million
Market Future Opportunities: USD 1569.50 million
CAGR : 10.3%
North America: Largest market in 2023

Market Summary

The market encompasses the production, sales, and distribution of electric guitars and related accessories. This dynamic market is driven by the growing demand for music-related leisure activities and the increasing adoption of virtual musical instruments and music production software. With the rise of online retailing, electric guitars are more accessible than ever before, leading to a surge in demand. According to a recent study, the market is expected to account for over 40% of the global guitar market share. However, this market also faces challenges, including intense competition from other musical instruments and regulatory requirements.
Despite these hurdles, opportunities abound, particularly in emerging markets and the development of innovative technologies. For instance, the integration of artificial intelligence and machine learning in electric guitars is revolutionizing the way musicians create and perform music.

What will be the Size of the Electric Guitar Market during the forecast period?

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How is the Electric Guitar Market Segmented and what are the key trends of market segmentation?

The electric guitar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Solid-body
  Semi-hollow body
  Hollow body
  Accessories


Distribution Channel

  Offline
  Online


Type

  Lead or rhythm guitars
  Bass guitars


End-user

  Hobbyists
  Professionals
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The solid-body segment is estimated to witness significant growth during the forecast period.

The market encompasses various components and aspects, including fret dressing, guitar cases, scale length, fretboard material, maintenance procedures, tonewood selection, playing comfort, bridge design, signal processing, instrument cables, effects pedals, neck adjustment, audio output, tremolo system, neck profile, harmonic resonance, repair methods, electronic components, sustain characteristics, solid-body construction, soldering techniques, impedance matching, playing techniques, intonation setup, pickup configuration, string gauges, electronics troubleshooting, sound modification, pickup wiring, action adjustment, wood finishing, frequency response, amplification systems, guitar ergonomics, and tuning machines. Currently, the solid-body segment holds a substantial market share, with approximately 67% of sales. This segment's popularity stems from the high adoption rate in developing countries, driven by the widespread appeal of rock and metal music genres.

Rock bands frequently utilize solid-body electric guitars for live performances and studio recordings due to their robust build and superior sound quality. These guitars are renowned for producing sharp, defined tones, making them a preferred choice for both professional and amateur musicians. Looking ahead, the market for electric guitars is projected to expand, with an estimated 25% of musicians expected to adopt these instruments in the next five years. The growing interest in music education and the increasing popularity of virtual concerts are significant factors contributing to this anticipated growth. Additionally, advancements in technology, such as wireless connectivity and improved pickups, are expected to further enhance the user experience, leading to increased demand.

Moreover, the market's evolution is characterized by continuous innovation in various areas, including playing techniques, intonation setup, pickup wiring, and sound modification. For instance, the emergence of hybrid pickups, which combine the best qualities of single-coil and humbucker pickups, has opened up new possibilities for musicians seeking a versatile sound. Furthermore, advancements in neck profiles and harmonic resonance have led to i

Discover the booming acoustic-electric guitar market! Explore market size projections, growth trends, key players (Fender, Gibson, Taylor), and regional analysis (North America, Europe, Asia) for 2025-2033. Learn about driving forces, challenges, and future opportunities in this exciting sector.

Explore the expanding classical guitar market analysis. Discover key insights, market size, CAGR, drivers, trends, restraints, and regional data for online sales, offline retail, plywood, and noodle sheet guitars from 2019-2033.

Global guitar market worth at USD 11.92 Billion in 2024, is expected to surpass USD 24.75 Billion by 2034, with a CAGR of 7.58% from 2025 to 2034.

The Acoustic Guitar market has shown remarkable growth over the past few years, driven by an increasing interest in music and a burgeoning segment of amateur musicians seeking to express themselves creatively. Acoustic guitars, known for their rich sound and versatility, are utilized not only by professional musicia

The number of acoustic guitars sold in the United States rose by **** percent in 2021 over the previous year. Overall, approximately **** million acoustic guitars were sold in the U.S in 2021, increasing from *** million in 2020.

Acoustic vs electric guitars The key difference between acoustic and electric guitars is that electric guitars must be plugged into an amplifier for their intended sound to be produced. This is not necessary for acoustic guitars, which are generally larger and have a hollow body to naturally amplify their sound. In total, the combined retail sales of acoustic and electric guitars amounted to more than *** billion U.S. dollars in 2021, with sales of acoustic guitars being higher than sales of electric guitars.

Popularity of acoustic guitars
There are *** likely reasons for the higher popularity of acoustic guitars. One being price - while acoustic guitars are roughly the same price as electric guitars, with an electric guitar the cost of accessories such as an amplifier, leads and effects pedals also need to be factored in. This makes acoustic guitars often more attractive for beginners. The second reason is that, by not needing additional accessories, acoustic guitars are more convenient to both transport and store.

The global electric guitars market size is set to expand from USD 5.38 billion in 2025 to USD 10.48 billion by 2035, showcasing CAGR performance of 6.9%. Prominent players in the industry are Fender, Gibson, Yamaha, PRS Guitars, Ibanez, driving advancements and opportunities in the market.

Explore the dynamic Spruce Body Acoustic Guitar market analysis, key growth drivers, and future trends. Discover market size, CAGR, and regional insights for acoustic guitars.

The global market size of Classical Guitar Strings is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Classical Guitar Strings Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Classical Guitar Strings industry. The key insights of the report:
1.The report provides key statistics on the market status of the Classical Guitar Strings manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Classical Guitar Strings industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Classical Guitar Strings Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Classical Guitar Strings as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Classical Guitar Strings market
* Nylon Strings
* Fluorocarbon Strings
* Titanium Strings
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Early Guitars
* Modern Classical Guitar

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

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