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The guitar market size is forecast to increase by USD 1.84 billion at a CAGR of 7.02% between 2023 and 2028. The market is experiencing steady expansion, propelled by several influential factors. A significant driver is the rising preference for music-related leisure activities, where playing the guitar plays a central role. Celebrity endorsements also play a crucial role in shaping consumer choices regarding musical instruments, leveraging the influence of prominent figures in the music industry. Furthermore, music teaching classes have gained traction as popular co-curricular activities in schools and colleges, nurturing a new wave of musicians and guitar enthusiasts. These factors together contribute to the growing demand and widening appeal of guitars, including electric guitars, across various demographics, highlighting a robust market trajectory driven by both cultural trends and educational pursuits.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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