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Global Guitar Market 2017-2021

Global Guitar Market 2017-2021

About Guitar

The rising number of concerts and live performances is a major driver for the growth of the global guitar market. The growing interest in music among the youth population has led to the formation of numerous musical bands that perform various types of music like blues, pop, rock, metal, and electronica. In addition, an increase in the disposable income of consumers is leading to a high demand for guitars in developing countries such as China and India. As a result of changing lifestyles and higher standards of living, individuals are motivated to spend on leisure activities such as music, which is likely to increase sales of musical instruments.

Technavio’s analysts forecast the global guitar market to grow at a CAGR of 2.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global guitar market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of guitars.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Guitar Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Fender Musical Instruments
  • Gibson Brands
  • Karl Höfner
  • PRS Guitars
  • Yamaha
Other prominent vendors
  • B.C. Rich Guitars
  • C.F. Martin
  • Carvin
  • Cort
  • D'Addario
  • Dean Guitars
  • ESP
  • G&L Musical Instruments
  • Godin
  • Ibanez
  • Rickenbacker
  • Samick Musical Instruments
  • Schecter Guitar Research
  • Taylor
Market driver
  • Availability of free learning materials on web.
  • For a full, detailed list, view our report
Market challenge
  • Growing adoption of free musical instruments apps.
  • For a full, detailed list, view our report
Market trend
  • Increasing introduction of new musical products.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global guitar market: Overview
    • Product life cycle
      • Table Product life cycle of guitars 2016 and 2021
    • Global guitar market
      • Table Global guitar market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global guitar market by type
      • Table Global guitar market by type 2016-2021 (% revenue)
      • Table Global guitar market: Comparison by type 2016-2021 ($ billions)
      • Table Global guitar market: CAGR comparison by type 2016-2021 (% revenue)
    • Global guitar market by acoustic guitars
      • Table Global guitar market by acoustic guitars 2016-2021 ($ billions)
    • Global guitar market by electric guitars
      • Table Global guitar market by electric guitars 2016-2021 ($ billions)
  • Buying criteria
    • Buying criteria for guitar
      • Table Buying criteria for guitar
  • Geographical segmentation
    • Global guitar market by geography
      • Table Global guitar market by geography 2016-2021 (% revenue)
      • Table Global guitar market: Comparison by geography 2016-2021 ($ billions)
      • Table Global guitar market: CAGR comparison by type 2016-2021 (% revenue)
    • Guitar market in Americas
      • Table Guitar market in Americas 2016-2021 ($ billions)
    • Guitar market in EMEA
      • Table Guitar market in EMEA 2016-2021 ($ billions)
    • Guitar market in APAC
      • Table Guitar market in APAC 2016-2021 ($ billions)
  • Market attractiveness
    • Market attractiveness by type
      • Table Market attractiveness by type
    • Market attractiveness by geography
      • Table Market attractiveness by geography
  • Key leading countries
    • US
      • Table Guitar market in US 2016-2021 ($ billions)
    • Japan
      • Table Guitar market in Japan 2016-2021 ($ billions)
    • China
      • Table Guitar market in China 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Independent musicians and employed musicians 2005 and 2016
    • Impact of drivers on key customer categories
      • Table Impact of drivers
    • Market challenges
      • Table Percentage of population taking at least one music class during their lifetime 1985-2016
    • Impact of challenges on key customer category
      • Table Impact of challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviation
  • Explore Technavio

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