Indonesia guitar market size is projected to grow at a CAGR of 5.8% in terms of revenues and 4.8% in terms of volume during 2023-2029

Offline segment based on distribution channel obtained the majority of revenue share in Indonesia Guitar Market – 6Wresearch

By distribution channel, the offline segment acquired a major revenue share in 2022, as the people in the nation prefer to buy guitars through stores rather than purchase from online channels mainly due to the offerings that physical stores provide to their consumers. For instance, hands-on experience, and additional services such as instrument maintenance, setup, and repairs would further act as a key factor in the growth of offline distribution channels in the coming years.

According to 6Wresearch, the Indonesia guitar market size is projected to grow at a CAGR of 5.8% in terms of revenues and 4.8% in terms of volume during 2023-2029. The rise in lending trends by owners of clubs, bars, hotels, restaurants, and other public gathering places to give their places for musical events and the government’s decision to ease the permission for organizing musical events would influence a large number of people to learn musical instruments which would bolster the guitar market in the forthcoming years. Indonesia’s guitar market has seen significant growth in the previous years on account of the rising culture of learning music as a hobby among the youth. Additionally, the growing trend of playing musical instruments such as guitar, violin, and others in cafes, restaurants, hotels, bars, and clubs has propelled the demand for guitar during the past years in Indonesia. Indonesia’s efforts to boost music festivals and concerts by conducting the events of international and local artists are creating an influential impact on the people to learn music which would act as a driver for the guitar market as well in the years ahead.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, electric guitar has attained the largest revenue share in the market, whereas acoustic guitar has accomplished maximum volume share on the basis of types.

The Indonesia Guitar Market (2023-2029) report provides an in-depth analysis with 8 figures and 4 tables, covered in 59 pages. The report comprehensively covers the market by types and distribution channels. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.