Guitar Market Growth And Competitive Dynamics With Market Share Analysis, Trends And Forecast
By 2023, the global guitar market is estimated to reach US$ 11.09 billion, recording a 7.6% CAGR. The market is expected to reach US$ 23.29 billion by 2033. Music-related leisure activities are becoming increasingly popular, which is one of the key factors driving its growth.
Rock and metal music genres have caused some people to learn guitar. The popularity of the guitar has steadily grown in recent years. The popularity of live music shows and the number of people attending such shows is growing rapidly.