- Guitars, as stringed musical instruments, are essential in various music genres, offering versatility, portability, and accessibility for both professional musicians and hobbyists in settings ranging from live performances to home practice
- The rising demand for guitars is fueled by the global surge in music streaming, social media platforms showcasing musical talent, and growing interest in music as a recreational and professional pursuit
- North America dominated the guitar market with the largest revenue share of 38.5% in 2024, driven by a strong music culture, high disposable incomes, and the presence of leading guitar manufacturers
- Europe is expected to be the fastest-growing region during the forecast period due to increasing music festivals, a rich tradition of classical and contemporary music, and rising disposable incomes
- The electric guitar segment dominated the largest market revenue share of 38.5% in 2024, driven by its widespread use in popular music genres such as rock, metal, and pop, coupled with advancements in amplifier technology and effects pedals that enhance versatility and appeal
