Guitar sales have been on the rise in recent years, with electric and acoustic guitar sales increasing significantly in 2020. The global guitar market is expected to grow at a compound annual growth rate of 3% from 2021-2026, reaching $497.54 million by 2020 according to Allied Market Research. In the United States alone, electric guitars saw an increase of 15.2%, while acoustic guitars increased 28.5%. Additionally, online sales for guitars rose 42% compared to 2019 figures and 40% of buyers were first time players that same year.
The top four brands worldwide are Fender (30%), Gibson (18%), PRS Guitars (9%) and Ibanez (8%). Europe accounted for 24% of total guitar market share in 2020 while Asia Pacific was estimated to reach $425 million by 2026 according to Venture Lab Analytics data analysis report . Canada’s electric guitar sales made up 63 percent of all new instruments sold last year as well as 50 percent being female players – a significant jump from 2018 when women only represented 12 percent overall purchases.. Used gear also had its own success story with Reverb reporting it was worth over 2 billion dollars back in 2018.
Overall these statistics show us that there is no shortage or lack interest when it comes down playing music through stringed instruments like the Guitar.
This statistic is a crucial indicator of the future of the guitar market, providing insight into the potential for growth in the coming years. It is essential information for anyone interested in the guitar market, as it can help them plan their investments and strategies accordingly. Knowing the expected compound annual growth rate of the guitar market can help guitar sellers and buyers make informed decisions about their investments and sales.
Electric guitar sales in the United States rose by 15.2% in 2020.
This statistic is a testament to the enduring popularity of electric guitars in the United States. It shows that despite the challenges of 2020, electric guitar sales still managed to increase, indicating that the instrument remains a popular choice for aspiring musicians.
Guitar Sales Statistics Overview
Acoustic guitar sales in the United States increased by 28.5% in 2020.
This statistic is a testament to the enduring popularity of acoustic guitars in the United States. It shows that despite the challenges of 2020, people still found joy in playing the instrument, and that the demand for acoustic guitars remains strong. This is an encouraging sign for the future of guitar sales in the United States.
Approximately 40% of guitar buyers are first-time players.
This statistic is significant in the context of guitar sales statistics because it indicates that there is a large market of potential customers who are new to the instrument. This suggests that there is a great opportunity for businesses to capitalize on this untapped market by providing resources and guidance to help these first-time players get started. Additionally, it could be an indication that the guitar market is growing, as more people are interested in learning to play.
Gibson Brands accounted for 17.21% of the worldwide guitar sales in 2020.
This statistic is significant in the context of guitar sales statistics as it highlights the impressive market share that Gibson Brands has achieved. It demonstrates the company’s success in the industry and its ability to remain competitive in a crowded market. Furthermore, it provides insight into the overall guitar sales landscape, showing the relative strength of Gibson Brands compared to its competitors.
In 2019, Fender Musical Instruments Corporation held 21.2% of the global guitar market share.
This statistic is a testament to the success of Fender Musical Instruments Corporation in the guitar market. It shows that the company has been able to capture a significant portion of the global guitar market, indicating that it is a major player in the industry. This statistic is important for anyone looking to gain insight into the guitar market and the success of Fender Musical Instruments Corporation.
Approximately 5% of the U.S. population owned a guitar in 2019.
This statistic is a telling indication of the potential size of the guitar-buying market in the United States. It suggests that there is a sizable population of guitar owners who may be interested in purchasing new instruments or accessories, and that the market for guitar sales is likely to remain strong.
About 60% of guitar sales in the United States are made through independent retailers.
This statistic is a telling indication of the importance of independent retailers in the guitar sales market in the United States. It highlights the fact that independent retailers are a major player in the industry, and that they are a key factor in the success of guitar sales in the country. This is an important point to consider when discussing guitar sales statistics, as it provides insight into the dynamics of the market and the role of independent retailers in it.
The global market for bass guitars is expected to reach $273 million by 2026.
This statistic is a clear indication that the demand for bass guitars is on the rise, and that the market for them is expected to grow significantly over the next few years. This is an important piece of information for anyone interested in the guitar sales industry, as it shows that bass guitars are becoming increasingly popular and that there is a strong potential for growth in the sector.
The average spending on a new guitar is around $453.
This statistic is an important indicator of the current market value of guitars, providing insight into the average amount customers are willing to spend on a new guitar. It is a key piece of information for anyone looking to understand the guitar sales market and the potential for profit.
About 2.5 million guitars were sold in the United States in 2020.
This statistic is a telling indication of the popularity of guitars in the United States. It shows that despite the economic downturn caused by the pandemic, people are still investing in guitars and continuing to enjoy playing them. This is a testament to the enduring appeal of the instrument and its ability to bring joy to people’s lives.
Guitar sales generated over $1 billion in revenue in the U.S. in 2019.
This statistic is a testament to the immense popularity of guitars in the United States. It shows that guitar sales are a major source of revenue for the music industry, and that guitar players are passionate about their instrument. It also demonstrates the potential for growth in the guitar market, as more people become interested in playing the instrument. This statistic is an important indicator of the health of the guitar industry and provides valuable insight into the current state of guitar sales.
The top 4 guitar brands in 2020: Fender (30.75% market share), Gibson (18.97% market share), PRS Guitars (9.62% market share), and Ibanez (8.25% market share).
This statistic is a crucial piece of information for any blog post about guitar sales statistics, as it provides an overview of the current market share of the top four guitar brands. It gives readers an idea of which brands are dominating the market and which ones are lagging behind. Additionally, it can be used to compare the performance of different brands over time, allowing readers to gain insight into the trends in the guitar industry.
In 2020, electric guitar sales accounted for approximately 63% of the total guitar sales in Canada.
This statistic is a telling indication of the current state of the guitar market in Canada. It shows that electric guitars are the most popular type of guitar among Canadian buyers, making up the majority of total guitar sales. This is an important insight for anyone interested in the guitar market in Canada, as it provides a clear picture of the current trends and preferences of Canadian guitar buyers.
As of 2018, the used guitar market was worth $2.22 billion.
This statistic is a testament to the immense popularity of the used guitar market. It shows that despite the ever-changing trends in music, the guitar remains a staple instrument for many musicians. This statistic is a clear indication that the guitar is here to stay and that the market for used guitars is thriving.
In 2019, women accounted for 50% of all new guitar players.
This statistic is a powerful indicator of the growing popularity of guitar playing among women. It shows that the instrument is no longer seen as a male-dominated activity, but rather one that is open to all genders. This is an important development, as it means that more people are being exposed to the joys of playing guitar, and that the industry is becoming more inclusive. As a result, guitar sales are likely to increase, as more people are likely to be interested in purchasing an instrument.
Conclusion
The guitar market is expected to have a compound annual growth rate of 3% from 2021-2026, with the global guitar market valuation estimated at $497.54 million in 2020. Electric and acoustic guitars saw an increase in sales last year, particularly in the United States where electric guitar sales rose by 15.2%, while acoustic guitars increased by 28.5%. The Asia-Pacific region is projected to reach $425 million for total guitar sales by 2026, and online purchases of guitars grew 42% compared to 2019 figures.
Approximately 40% of all buyers are first time players, with Gibson Brands accounting for 17.21%, Fender Musical Instruments Corporation holding 21.2%, and Ibanez (8%), PRS Guitars (9%) making up the top 4 brands worldwide according to 2020 statistics . In addition 5 % of US population owned a Guitar as per 2019 data , 60 % were sold through independent retailers & average spending on new Guitar was around 453 USD . Women accounted for 50 percent of all new players that same year too. Finally 2nd hand or used Guitar Market was worth 2 billion 22 Million USD as per 2018 stats .
Overall it can be seen that despite some challenges due to Covid 19 pandemic ,the overall outlook remains positive & encouraging when it comes Global Sales Statistics Of Guitars across various regions including USA , Europe & Canada etc
References
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8. – https://www.finance.yahoo.com
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