Guitar Strap Market Insights Video

According to Cognitive Market Research, the global Guitar Strap market size was USD 362.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 144.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 108.66 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 83.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 18.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 7.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
• The Nylon Type category is the fastest growing segment of the Guitar Strap industry