Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6875 Million | USD 11800 Million | 7.00% | 2021 |
FrequentlyAsked Questions
The global guitar market is projected to witness a surge in the growth trend owing to the prevalent remote work culture. Covid-19 was a turning point that showed that organizations could function effectively even when the employees were working from home or remotely.
According to Zion Market Research, the global guitar market size was worth around USD 6875 million in 2021 and is predicted to grow to around USD 11800 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.0% between 2022 and 2030.
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 global guitar market houses players like 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, and Taylor-Listug Inc.
According to Zion Market Research, The global guitar market size was worth around USD 6875 million in 2021 and is predicted to grow to around USD 11800 million by 2030
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