Product Code: ETC226404 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Guitar Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 4.74% in 2025 and reaches 7.25% by 2029.
The India Guitar Market is driven by the increasing popularity of Western music, particularly among the young population. The growth of the music industry and the rise of music education and training institutes also contribute to the market growth. The increasing disposable income and the growing middle-class population also boost the market. However, the market also faces several challenges such as the lack of awareness about different types of guitars, the high cost of premium guitars, and the competition from other musical instruments. Additionally, the unorganized nature of the market and the lack of standardization also pose challenges for the growth of the market. The market is also influenced by import duties, taxes and custom clearance, which affects the market growth and pricing.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Guitar Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Guitar Market Revenues & Volume, 2021 & 2028F |
3.3 India Guitar Market - Industry Life Cycle |
3.4 India Guitar Market - Porter's Five Forces |
3.5 India Guitar Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 India Guitar Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 India Guitar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing interest in music and rise in popularity of guitar-based music genres in India |
4.2.2 Growing disposable income and changing lifestyles leading to higher spending on leisure activities |
4.2.3 Rise in online platforms for learning music and accessibility to tutorials for beginners |
4.3 Market Restraints |
4.3.1 High import duties on musical instruments leading to increased prices for imported guitars |
4.3.2 Limited availability of quality music education and lack of skilled guitar instructors in some regions of India |
4.3.3 Cultural preferences for traditional music instruments over guitars in certain demographics |
5 India Guitar Market Trends |
6 India Guitar Market, By Types |
6.1 India Guitar Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Guitar Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 India Guitar Market Revenues & Volume, By Acoustic Guitars, 2018 - 2028F |
6.1.4 India Guitar Market Revenues & Volume, By Electric Guitars, 2018 - 2028F |
6.2 India Guitar Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Guitar Market Revenues & Volume, By Online Retail, 2018 - 2028F |
6.2.3 India Guitar Market Revenues & Volume, By Offline Retail, 2018 - 2028F |
7 India Guitar Market Import-Export Trade Statistics |
7.1 India Guitar Market Export to Major Countries |
7.2 India Guitar Market Imports from Major Countries |
8 India Guitar Market Key Performance Indicators |
8.1 Number of music schools or institutions offering guitar lessons in India |
8.2 Growth in online searches for guitar learning tutorials and resources |
8.3 Number of music events, concerts, or festivals featuring guitar performances in India |
9 India Guitar Market - Opportunity Assessment |
9.1 India Guitar Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 India Guitar Market Opportunity Assessment, By Application, 2021 & 2028F |
10 India Guitar Market - Competitive Landscape |
10.1 India Guitar Market Revenue Share, By Companies, 2021 |
10.2 India Guitar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |