GITNUX MARKETDATA REPORT 2024

Must-Know Guitar Sales Statistics [Recent Analysis]

Statistic 1

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

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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