GITNUX MARKETDATA REPORT 2024

Must-Know Guitar Statistics [Recent Analysis]

Statistic 1

"Approximately 3.1 million acoustic guitars were sold in the United States in 2020."

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Statistic 2

"The global guitar market size was valued at USD 2.7 billion in 2020."

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Statistic 3

"The electric guitar segment accounted for around 30% of the global guitar market in 2020."

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Statistic 4

"Approximately 55% of people who picked up a new hobby during the COVID-19 pandemic chose to learn guitar."

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Statistic 5

"It is estimated that there are over 50 million active guitar players in the world."

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Statistic 6

"The top 3 guitar manufacturers – Gibson, Fender, and Taylor – accounted for over 40% of the global guitar market in 2020."

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Statistic 7

"Fender claims that 54% of all new guitars sold in the United States are purchased by first-time players."

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Statistic 8

"Over 2.3 million guitars were sold in the United States between January and May 2020, which is a 9% increase from the same period in 2019."

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Statistic 9

"Melodies played on a guitar can range across four octaves."

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Statistic 10

"The average price of an electric guitar in 2019 was $758."

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Statistic 11

"The United States imported about 1.4 million electric guitars in 2018."

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Statistic 12

"In 2020, over 66% of searched guitar-related terms on Google were related to learning to play the guitar."

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Statistic 13

"The largest playable guitar in the world measures 43 feet and 7.5 inches long and 16 feet wide."

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Statistic 14

"The record for playing the guitar in the longest marathon stands at 114 hours and 6 minutes."

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Statistic 15

"An estimated 75% of guitar players are self-taught."

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Statistic 16

"Nearly 28% of guitar beginners are under the age of 18, while 25% are ages 18-24, and around 40% are older than 24."

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Statistic 17

"The demand for used guitars has grown significantly in recent years, with the market value estimated at between $1-2 billion in the United States."

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