Acoustic guitar and electric guitar are some of the types of guitars. The musical instrument guitar consists of six strings which is played by plucking the strings with hands. Due to all these factors there is considerable increase in adoption of guitar, which is contributing to market growth. The growing number of events and musical shows are inspiring people to play and learn musical instruments. Additionally, the increasing disposable income of individuals across the world is influencing the adoption of guitars and enrollment of students in musical class. Children are being encouraged to learn music by their parents as a part of extracurricular activity. People around the globe are continuously engaging in leisure activities related to music such as playing guitar. The global guitar market is estimated to expand at a CAGR of around 3% during the forecast period, 2020 – 2026.
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