What is the total number of guitars sold annually?

This would depend on the specific market, brand, and year being analyzed. However, for a general estimate, Fender reported selling approximately 1 million guitars in 2017.

What are the top 3 best-selling guitar brands?

Although the rankings can change over time, the top 3 best-selling guitar brands have typically been Fender, Gibson, and Yamaha.

What percentage of guitars purchased are acoustic compared to electric?

Based on industry reports, the split is approximately 60% acoustic and 40% electric guitars.

What is the average price spent on a guitar by first-time buyers?

First-time buyers generally spend between $200 and $800 on a guitar, depending on the brand and the quality they are looking for.

How much does the guitar sales market typically grow year over year?

The growth rate varies by year, but according to Music Trades Magazine, the long-term trend for global growth for guitar sales is approximately 2% per year.

GITNUX MARKETDATA REPORT 2024

Must-Know Guitar Sales Statistics [Recent Analysis]

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

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In this post, we present a comprehensive overview of guitar sales statistics, shedding light on various key trends and insights from the global guitar market. From the significant growth in electric and acoustic guitar sales in the United States to market shares held by industry giants like Gibson and Fender, these statistics offer valuable insights into the evolving landscape of the guitar industry. Join us as we delve into the numbers that shape the world of guitar sales.

Statistic 1

"The guitar market is expected to have a compound annual growth rate of 3% from 2021-2026."

Statistic 2

"Electric guitar sales in the United States rose by 15.2% in 2020."

Statistic 3

"Acoustic guitar sales in the United States increased by 28.5% in 2020."

Statistic 4

"Approximately 40% of guitar buyers are first-time players."

Statistic 5

"Gibson Brands accounted for 17.21% of the worldwide guitar sales in 2020."

Statistic 6

"In 2019, Fender Musical Instruments Corporation held 21.2% of the global guitar market share."

Statistic 7

"Approximately 5% of the U.S. population owned a guitar in 2019."

Statistic 8

"About 60% of guitar sales in the United States are made through independent retailers."

Statistic 9

"The global market for bass guitars is expected to reach $273 million by 2026."

Statistic 10

"The average spending on a new guitar is around $453."

Statistic 11

"About 2.5 million guitars were sold in the United States in 2020."

Statistic 12

"Guitar sales generated over $1 billion in revenue in the U.S. in 2019."

Statistic 13

"In 2020, electric guitar sales accounted for approximately 63% of the total guitar sales in Canada."

Statistic 14

"As of 2018, the used guitar market was worth $2.22 billion."

Statistic 15

"In 2019, women accounted for 50% of all new guitar players."

The guitar market is showing promising growth, with electric and acoustic guitar sales experiencing significant increases in the United States. The rise in first-time players indicates a growing interest in learning to play the guitar, with notable market shares held by Gibson Brands and Fender Musical Instruments Corporation. The average spending on a new guitar suggests a healthy market, with substantial revenue generated in the U.S. Guitar sales continue to be strong, demonstrating diverse trends such as the dominance of electric guitars in Canada and the increasing market value of bass guitars. Overall, the statistics point towards a dynamic and thriving guitar industry that is poised for continued growth and innovation in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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