Summary

The Australian music industry is a vibrant and diverse community that encompasses a wide range of musical genres and styles. Australia has a thriving independent music scene, with many musicians and bands gaining international recognition for their unique sound and style. Australia has a thriving guitar culture, with numerous local and international guitarists performing and recording in the country. There are also several guitar festivals and events held throughout the year, such as the Melbourne Guitar Festival and the Sydney Guitar Festival. The popularity of music in Australia is on the rise, with more people taking an interest in learning to play instruments. The Australian music instrument industry is a dynamic and exciting community that continues to produce talented musicians and innovative music instruments.

According to the research report "The Australia Guitar Market Overview, 2028," published by Bonafide Research, The Guitar market was valued at above USD 96 Million in 2022. There has been a significant increase in the guitar market. Australia is becoming more and more popular for music, and more individuals are becoming interested in picking up an instrument. As one of the easiest and most adaptable instruments to learn, this has resulted in a rising demand for guitars. Australia has a vibrant music festival and events scene, which has helped to promote the guitar as an instrument and increase its popularity among music enthusiasts. Australia has a rich and diverse music culture, which has led to a strong demand for guitars. The demand for guitars has increased as a result of people having more discretionary income to spend on hobbies like performing music as the Australian economy continues to expand. The popularity of guitars and other musical instruments among young people has benefited from the influence of popular culture, including television programs and motion pictures. In Australia, the guitar is used like the acoustic guitar, which is more commonly used. These guitars are based on cultural heritage, portability, affordability, and versatility and can be used to play a wide range of musical styles, from folk and country to rock and pop. This makes them a popular choice for musicians who want an instrument that can be used in many different contexts.

Based on the report, the market is segmented into two types: the acoustic guitar and the electric guitar. The acoustic guitar is the only guitar that relies solely on the natural vibration of its wooden body to produce sound. The strings of an acoustic guitar are made of steel or nylon and are strung over the sound hole, which acts as a resonator, amplifying the sound. Acoustic guitars are often used in genres like folk, country, and singer-songwriter music. Electric guitars have a solid body and thinner strings, which are often made of steel, and require an external amplifier or speaker to be heard at higher volumes. Electric guitars are commonly used in rock, blues, and jazz music.

In Australia, the country organizes many events, and the Melbourne Guitar Show is an annual event that features performances, workshops, and exhibits from local and international guitar makers, retailers, and musicians. The Byron Bay Guitar Festival is a three-day event that celebrates the guitar and its role in music. The festival features performances by local and international artists, workshops, and exhibits. Australian Music Week is a five-day event that includes showcases, conferences, and networking opportunities for musicians, industry professionals, and fans. The event features a range of musical genres, including rock, pop, folk, and blues. This led to an increase in demand for the guitar market. There are some popular guitarists in Australia, like Tommy Emmanuel, Angus Young, Keith Urban, John Butler, Orianthi, Phil Emmanuel, Kevin Borich, and more. The distribution channel is based on online and offline. There are several online retailers, like Ebay and Gumtree, that provide the guitars, and many music stores offer them.

Considered in this report

• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Australia Guitar market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:

• Acoustic Guitar
• Electric Guitar

By Distribution Chanel:

• Offline
• Online

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the guitar industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Australia Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. Australia Guitar Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Product Type
6.3. Market Size and Forecast By Distribution Channel
7. Australia Guitar Market Segmentations
7.1. Australia Guitar Market, By Product Type
7.1.1. Australia Guitar Market Size, By Acoustic, 2017-2028
7.1.2. Australia Guitar Market Size, By Electric, 2017-2028
7.2. Australia Guitar Market, By Distribution Channel
7.2.1. Australia Guitar Market Size, By Offline, 2017-2028
7.2.2. Australia Guitar Market Size, By Online, 2017-2028
8. Australia Guitar Market Opportunity Assessment
8.1. By Product Type, 2023 to 2028
8.2. By Distribution Channel, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: Australia Guitar Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Product Type
Figure 3: Market Attractiveness Index, By Distribution Channel
Figure 4: Porter's Five Forces of Australia Guitar Market

List of Table
Table 1 : Influencing Factors for Global Guitar Market, 2022
Table 2: Australia Guitar Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 3: Australia Guitar Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 4: Australia Guitar Market Size of Acoustic (2017 to 2028) in USD Billion
Table 5: Australia Guitar Market Size of Electric (2017 to 2028) in USD Billion
Table 6: Australia Guitar Market Size of Offline (2017 to 2028) in USD Billion
Table 7: Australia Guitar Market Size of Online (2017 to 2028) in USD Billion