Philippines Guitar Market to 2032
Overview
The Philippines Guitar Market is expected to reach a 153.09 USD Million by 2032 and is projected to grow at a CAGR of 3.94% from 2025 to 2032.
Revenue, 2024 (USD Million)
116.81
Forecast, 2032 (USD Million)
153.09
CAGR, 2024 - 2032
3.94%
Report Coverage
Philippines
Philippines Guitar Market 2018-2032 USD Million
Philippines Guitar Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 116.81 USD Million
- Projected Market Size (2032): 153.09 USD Million
- CAGR (2025-2032): 3.94%
Key Findings of Philippines Guitar Market
- The Philippines Guitar Market was valued at 116.81 USD Million in 2024.
- The Philippines Guitar Market is likely to grow at a CAGR of 3.94% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Six Strings in Number of Strings Segment accounted for the largest share of the market with a revenue of 98.43 USD Million
- The fastest growing segment Black in Color Segment grew Fastest with a CAGR of 4.78% during the forecast period from 2024 to 2032.
Philippines Guitar Market Scope
Philippines Guitar Market Segmentation & Scope
Type
- Others1
- Double Neck Guitar1
- Lap Steel Guitar1
- Extended Range Electric Guitar1
- Resonator1
- Bass Guitar1
- Classical Guitar1
- Electric-Acoustic Guitar1
- Electric Guitar1
- Acoustic Guitar1
Application
- Others11
- Individual Amateurs
- Learning and Training
- Professional Performance
Distribution Channel
- Others10
- Supermarkets/Hypermarkets
- E-Commerce
- Specialty Stores/Music Stores
Color
- Amber
- Light Yellow
- Light Tan
- Others9
- Red
- Brown
- Black
Wood Material
- Laminate
- Solid
Covers
- Others5
- Hollow Body
- Semi-Hollow Body
- Solid Body
Music Type
- Others8
- Traditional
- Electronica
- Jazz
- Metal
- Pop
- Blues
- Rock
String Material
- Others7
- Nylon
- Steel
Tailpiece
- String-Through Body
- Hard Tail
- Floating Tailpiece
- Vibrato Arms
Neck Shape
- Others6
- V Neck
- U Neck
- C Neck
Number of Strings
- More Than Twelve Strings
- Twelve Strings
- Eight Strings
- Six Strings
Philippines Guitar Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 116.81 USD Million |
| Market Value in 2032 | 153.09 USD Million |
| CAGR (2025-2032) | 3.94% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Application,Distribution Channel,Color,Wood Material,Covers,Music Type,String Material,Tailpiece,Neck Shape,Number of Strings |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 116.81 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 116.81 USD Million in 2024.
Segments and Scope
-
Philippines Guitar Market to 2032, By Type
- Acoustic Guitar1 is the largest segment in Philippines Guitar Market to 2032 with a revenue of 50.05 USD Million in the year 2024.
- Electric Guitar1 is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 3.64 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Application
- Professional Performance is the largest segment in Philippines Guitar Market to 2032 with a revenue of 55.01 USD Million in the year 2024.
- Professional Performance is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.21 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Distribution Channel
- Specialty Stores/Music Stores is the largest segment in Philippines Guitar Market to 2032 with a revenue of 47.08 USD Million in the year 2024.
- Specialty Stores/Music Stores is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.31 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Color
- Black is the largest segment in Philippines Guitar Market to 2032 with a revenue of 35.77 USD Million in the year 2024.
- Black is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.78 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Wood Material
- Solid is the largest segment in Philippines Guitar Market to 2032 with a revenue of 92.58 USD Million in the year 2024.
- Solid is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.00 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Covers
- Solid Body is the largest segment in Philippines Guitar Market to 2032 with a revenue of 76.85 USD Million in the year 2024.
- Solid Body is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.04 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Music Type
- Rock is the largest segment in Philippines Guitar Market to 2032 with a revenue of 44.99 USD Million in the year 2024.
- Rock is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.46 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By String Material
- Steel is the largest segment in Philippines Guitar Market to 2032 with a revenue of 66.61 USD Million in the year 2024.
- Steel is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.09 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Tailpiece
- Vibrato Arms is the largest segment in Philippines Guitar Market to 2032 with a revenue of 50.12 USD Million in the year 2024.
- Vibrato Arms is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.25 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Neck Shape
- C Neck is the largest segment in Philippines Guitar Market to 2032 with a revenue of 55.13 USD Million in the year 2024.
- C Neck is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.25 % in forecast period 2025-2032.
-
Philippines Guitar Market to 2032, By Number of Strings
- Six Strings is the largest segment in Philippines Guitar Market to 2032 with a revenue of 98.43 USD Million in the year 2024.
- Six Strings is the Fastest growing segment in Philippines Guitar Market to 2032 with a Growth rate of 4.01 % in forecast period 2025-2032.
Philippines Guitar Market Company Share Analysis
| Company Name |
|
||
| Gibson Inc. | |||
| Fender Musical Instruments Corporation | |||
| Ibanez guitars | |||
| Yamaha Corporation | |||
| TAYLOR-LISTUG, INC. | |||
Philippines Guitar Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Guitar Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Guitar Market is segmented based on Segmentation Type,Application,Distribution Channel,Color,Wood Material,Covers,Music Type,String Material,Tailpiece,Neck Shape,Number of Strings.
Philippines Guitar Market was valued at USD 116.81(Revenue in USD Million) in 2023.
Philippines Guitar Market is projected to grow at a CAGR of 3.94% during the forecast period of 2024 to 2032.
The Six Strings segment is expected to dominate the Philippines Guitar Market, holding a largest market share of 98.43 USD Million in 2024
Philippines Guitar Market Scope
Philippines Guitar Market Segmentation & Scope
Type
- Others1
- Double Neck Guitar1
- Lap Steel Guitar1
- Extended Range Electric Guitar1
- Resonator1
- Bass Guitar1
- Classical Guitar1
- Electric-Acoustic Guitar1
- Electric Guitar1
- Acoustic Guitar1
Application
- Others11
- Individual Amateurs
- Learning and Training
- Professional Performance
Distribution Channel
- Others10
- Supermarkets/Hypermarkets
- E-Commerce
- Specialty Stores/Music Stores
Color
- Amber
- Light Yellow
- Light Tan
- Others9
- Red
- Brown
- Black
Wood Material
- Laminate
- Solid
Covers
- Others5
- Hollow Body
- Semi-Hollow Body
- Solid Body
Music Type
- Others8
- Traditional
- Electronica
- Jazz
- Metal
- Pop
- Blues
- Rock
String Material
- Others7
- Nylon
- Steel
Tailpiece
- String-Through Body
- Hard Tail
- Floating Tailpiece
- Vibrato Arms
Neck Shape
- Others6
- V Neck
- U Neck
- C Neck
Number of Strings
- More Than Twelve Strings
- Twelve Strings
- Eight Strings
- Six Strings
Frequently Asked Questions
The Philippines Guitar Market is segmented based on Segmentation Type,Application,Distribution Channel,Color,Wood Material,Covers,Music Type,String Material,Tailpiece,Neck Shape,Number of Strings.
Philippines Guitar Market was valued at USD 116.81(Revenue in USD Million) in 2023.
Philippines Guitar Market is projected to grow at a CAGR of 3.94% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Guitar Market for final year is USD 153.09 (USD Million).
Philippines Guitar Market Company Profiling
Frequently Asked Questions
The Philippines Guitar Market is segmented based on Segmentation Type,Application,Distribution Channel,Color,Wood Material,Covers,Music Type,String Material,Tailpiece,Neck Shape,Number of Strings.
Philippines Guitar Market was valued at USD 116.81(Revenue in USD Million) in 2023.
Philippines Guitar Market is projected to grow at a CAGR of 3.94% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Guitar Market for final year is USD 153.09 (USD Million).
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