NEW YORK , Sept. 9, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global guitar market size is estimated to grow by USD 1.84 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 7.02% during the forecast period. Growing popularity of music-related leisure activities is driving market growth, with a trend towards growing online retailing .
However, long replacement cycle of guitars poses a challenge. Key market players include Armadillo Enterprises Inc., Astha Guitars, B.
C. Rich LLC, C. F.
Martin and Co. Inc., CorTek Corp.
, Fender Musical Instruments Corp., G and L Musical Instruments, Gibson Brands Inc., Godin Guitars, HOSHINO GAKKI Co.
Ltd., Karl Hofner GmbH and Co. KG, Kiesel Guitars, Paul Reed Smith Guitars, Rickenbacker International Corp.
, Roland Corp., Schecter Guitar Research Inc., TAKAMINE GAKKI CO.
LTD., Taylor Listug Inc., The ESP Guitar Co.
, and Yamaha Corp.. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Key Market Trends Fueling Growth The global guitar market is undergoing a transformation due to shifting consumer behavior and the rise of online retailing. With technology advancing and digital platforms becoming more accessible, the guitar industry is leveraging online retail to expand its reach. Online shopping offers unmatched convenience for guitar enthusiasts, enabling th.