The guitar pedals market size has experienced strong growth in recent years, increasing from $3.46 billion in 2023 to $3.64 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.2%. This growth is attributed to the expansion of home recording studios, growth in social media platforms, rising guitar sales, increased educational content for musicians, and higher spending on musical instruments. The market is expected to continue strong growth, reaching $4.53 billion by 2028 at a CAGR of 5.6%. This projected growth is driven by the increasing popularity of electric guitars, the expanding music industry, growing interest in western music genres, rising demand for live music, and an increase in music enthusiasts. Key trends in the forecast period include technological advancements, digital pedals, integration with mobile technology, subscription services, and MIDI integration.
Global Guitar Pedals Market Key Driver
The increasing number of music concerts is expected to propel the growth of the guitar pedal market going forward. Music concerts are live performances where musicians engage audiences, showcasing their artistry and creating immersive experiences. The rise in music concerts is attributed to increased demand for live entertainment, advancements in event promotion and ticket sales technology, and the global expansion of music fandom. Guitar pedals enhance musicians' sound capabilities, allowing for diverse and unique tones during performances, which helps artists stand out and attract more fans. For instance, according to UK Music, in 2022, the UK hosted 14.4 million music tourists attending live music events, including 1.1 million foreign and 13.3 million domestic music tourists. Therefore, the increasing number of music concerts is driving the growth of the guitar pedal market.
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Global Guitar Pedals Market Segments
The guitar pedals market covered in this report is segmented –
1) By Type: Gain Effects, Compressors, Pitch Effects, Volume Pedals, Filter Effects, Time-Based Effects, Other Types
2) By Pedal Component: Stomp Box, Multi-Effects, Rack Units
3) By Technology: Analog, Digital
4) By Application: Professional Musician, Amateur
5) By Distribution Channel: Online, Offline
By Geography:The regions covered in the guitar pedals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the guitar pedals market in 2023.
Major Guitar Pedals Industry Players
Roland Corporation, Kemper GmbH, Zoom Corporation, Wuhan Kailing Electronic Co. Ltd., DigiTech, Voodoo Lab Inc., Line 6 Inc., Korg Inc., Eventide Inc., Dunlop Manufacturing Inc., TC-Helicon, EarthQuaker Devices LLC, Xotic Effects LLC, Keeley Electronics Inc., Electro-Harmonix, Empress Effects, Fulltone Musical Products Inc., Ibanez, Damage Control Engineering LLC, Mooer Audio Co. Ltd., Wampler Pedals LLC, JHS Inc., Alexander Pedals, Red Witch Analog Pedals, Origin Effects, Source Audio LLC
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Guitar Pedals Market Overview
Guitar pedals refer to small electronic devices used to modify the sound of an electric guitar. They are used to add effects such as distortion, delay, reverb, and modulation to alter the guitar's tone and create various sounds. Guitar pedals are connected in the signal chain between the guitar and the amplifier, allowing musicians to enhance, modify, or completely transform their guitar tones.
Guitar Pedals Global Market Report 2023 provides data on the global guitar pedals market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The guitar pedals market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
