Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.2 Billion

CAGR (2023-2028)

7.67%

Fastest Growing Segment

Online

Largest Market

North America


Market Overview

Global Electric Guitars Market has valued at USD 5.2 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.67% through 2028. The global electric guitars market is a thriving industry characterized by its dynamic nature, shaped by musical trends, technological advancements, and consumer preferences. Electric guitars have long been a staple in the world of music, with iconic brands like Fender and Gibson leading the way. One of the key drivers of this market's growth is the enduring fascination with music among people of all ages and backgrounds. As more individuals express interest in playing musical instruments, electric guitars remain a popular choice due to their versatility and contemporary appeal.

Rising disposable incomes, particularly in emerging economies, have also played a significant role in fueling the electric guitar market's expansion. As consumers in these regions have more money to spend on leisure activities and hobbies, they are increasingly turning to music and musical instruments like electric guitars. Moreover, the proliferation of online platforms for purchasing musical instruments has made it easier for aspiring musicians to access a wide range of electric guitars, further stimulating market growth.

Technological innovations have continually enhanced the electric guitar playing experience, with advancements in pickups, amplification, and digital effects opening up new possibilities for musicians. Additionally, sustainability and environmental concerns have led to the development of eco-friendly materials and production processes in the electric guitar industry, appealing to environmentally conscious consumers.

In conclusion, the global electric guitars market continues to thrive due to its enduring appeal, rising incomes, online accessibility, and ongoing technological advancements. As music remains a cherished form of expression worldwide, the electric guitar market is poised for continued growth and innovation in the years ahead.

Key Market Drivers

Musical Trends and Genres

One of the primary drivers of the electric guitar market is the ever-changing landscape of musical trends and genres. Different styles of music, from rock and metal to pop and blues, often rely heavily on electric guitars as their primary instruments. As these musical genres evolve and gain popularity, so too does the demand for specific types of electric guitars tailored to the sound and aesthetics of each genre. For instance, heavy metal enthusiasts may prefer guitars with high-gain pickups and sharp designs, while blues players may opt for vintage-style instruments. Manufacturers continually adapt to these trends by producing guitars that cater to the sonic and visual demands of emerging genres, thereby driving market growth.

Technological Advancements

Electric guitar technology has come a long way since the instrument's inception. Technological innovations, including improvements in pickups, amplification, and digital effects, have expanded the creative possibilities for guitarists. High-quality pickups with noise reduction capabilities, versatile onboard electronics, and modeling amplifiers that replicate the sound of classic vintage amps are just a few examples of innovations that have enhanced the electric guitar playing experience. These advancements not only attract professional musicians seeking the latest tools but also appeal to amateur players looking for user-friendly options. Additionally, the integration of digital interfaces and smartphone apps for recording and sound manipulation has become increasingly important in the modern electric guitar market, offering convenience and versatility.

Rising Disposable Incomes

Economic factors play a crucial role in the electric guitar market's growth. As global economies grow and disposable incomes rise, more people have the means to invest in hobbies and leisure activities, including music. Electric guitars, while ranging in price from affordable to premium, are accessible to a broad spectrum of consumers. This affordability, combined with the desire for creative expression through music, has led to increased sales. Emerging economies, in particular, have witnessed a surge in demand for electric guitars as their middle classes expand and cultural interest in music continues to grow.

Online Sales and E-Commerce

The advent of e-commerce and online retail has revolutionized the way musical instruments, including electric guitars, are bought and sold. Online platforms provide a convenient and vast marketplace for consumers to browse, compare, and purchase a wide range of guitar models, brands, and accessories. This shift has democratized access to a global market, allowing musicians in remote areas to acquire instruments they might not find locally. Moreover, online communities and forums have created spaces for musicians to exchange knowledge, seek advice, and discover new products, contributing to increased sales and brand awareness. Manufacturers and retailers have also embraced e-commerce, further boosting market growth by making their products readily available to a global customer base.

Sustainability and Eco-friendly Practices

Environmental consciousness and sustainability have become important considerations in the electric guitar market. With a growing awareness of the environmental impact of manufacturing processes and materials, many manufacturers are adopting eco-friendly practices. This includes using sustainably sourced woods, reducing waste, and implementing energy-efficient production methods. In response to consumer demand for more environmentally responsible choices, some companies offer eco-friendly electric guitars that appeal to environmentally conscious musicians. Additionally, sustainability efforts extend to the development of accessories and packaging, with an emphasis on reducing the carbon footprint of the entire guitar ecosystem. As consumers become more environmentally aware, the electric guitar market is driven towards sustainability and eco-consciousness, shaping both production methods and consumer choices.

 

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Key Market Challenges

Saturation and Competition

The electric guitar market has become highly saturated over the years, with numerous manufacturers and brands offering a wide range of models to cater to diverse musical genres and preferences. This saturation has resulted in intense competition, making it challenging for both established companies and newcomers to stand out. As a result, profit margins can be slim, and manufacturers must constantly innovate and differentiate their products to maintain market share.

Furthermore, the availability of affordable and quality instruments from countries with lower production costs, such as those in Asia, has increased competition. While this has made electric guitars more accessible to a global audience, it has also put pressure on traditional manufacturers in regions like the United States, where production costs are higher. They must find ways to compete with more budget-friendly options while maintaining quality and brand reputation.

The proliferation of boutique guitar builders, offering customized and high-end instruments, is another aspect of competition. While these small-scale manufacturers cater to niche markets, they contribute to the overall competitive landscape by challenging larger companies and influencing consumer preferences.

Changing Musical Trends

Musical trends have a profound impact on the electric guitar market, as different genres and styles favor distinct types of guitars and features. As trends shift, the demand for specific guitar models and designs changes accordingly. For instance, the rise of electronic dance music (EDM) and hip-hop has led to a decrease in demand for traditional rock-oriented electric guitars.

Additionally, some emerging musicians and producers are exploring non-traditional instruments and digital production methods, reducing the need for traditional electric guitars in their music. This shift in musical preferences challenges the industry to adapt and find innovative ways to remain relevant in a changing musical landscape.

Moreover, the enduring popularity of vintage guitars can also be a challenge. Collectors and enthusiasts often prefer older models, which can divert attention and demand away from contemporary electric guitars. Manufacturers must strike a balance between honoring vintage designs and introducing new innovations to attract modern musicians.

Counterfeit and Imitation Products

Musical trends have a profound impact on the electric guitar market, as different genres and styles favor distinct types of guitars and features. As trends shift, the demand for specific guitar models and designs changes accordingly. For instance, the rise of electronic dance music (EDM) and hip-hop has led to a decrease in demand for traditional rock-oriented electric guitars.

Additionally, some emerging musicians and producers are exploring non-traditional instruments and digital production methods, reducing the need for traditional electric guitars in their music. This shift in musical preferences challenges the industry to adapt and find innovative ways to remain relevant in a changing musical landscape.

Moreover, the enduring popularity of vintage guitars can also be a challenge. Collectors and enthusiasts often prefer older models, which can divert attention and demand away from contemporary electric guitars. Manufacturers must strike a balance between honoring vintage designs and introducing new innovations to attract modern musicians.

Environmental Sustainability and Regulation

The electric guitar industry, like many others, faces increasing scrutiny and regulation regarding its environmental impact. Traditionally, the production of electric guitars involves the use of rare and exotic woods, such as mahogany and rosewood, which can contribute to deforestation and habitat destruction.

Regulations such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) restrict the trade of certain woods, affecting the availability and cost of materials for guitar production. Additionally, there is growing awareness among consumers about the environmental impact of their purchases, leading to a demand for more sustainable and eco-friendly guitars.

Manufacturers are responding by exploring alternative materials, such as sustainable woods, reclaimed wood, and eco-friendly finishes. While these efforts are commendable, they can be challenging to implement on a large scale due to cost considerations and the need for extensive research and development.

Furthermore, complying with environmental regulations and sourcing sustainable materials can be complex, especially for smaller manufacturers. Balancing the desire for sustainable practices with the economic realities of the market poses a significant challenge for the electric guitar industry.

Key Market Trends

Digital Connectivity and Integration

A prominent trend in the electric guitar market is the increasing emphasis on digital connectivity and integration. Modern electric guitars often come equipped with built-in electronics that allow for easy integration with digital devices and software. USB ports, Bluetooth connectivity, and MIDI capabilities enable guitarists to connect their instruments directly to computers, smartphones, and recording equipment.

This trend caters to musicians' desires for seamless recording, live performance enhancements, and access to a vast array of digital effects and amp simulations. Guitarists can now experiment with different tones and effects through software plugins, making it easier to achieve a wide range of sounds without the need for physical pedals or amplifiers.

Additionally, mobile apps and software platforms offer guitarists tools for learning, practicing, and composing music. These applications often feature chord libraries, backing tracks, and interactive lessons, providing valuable resources for players of all skill levels.

Vintage Revival and Nostalgia

Despite the prevalence of modern technology, there is a growing trend in the electric guitar market for vintage aesthetics and sounds. Many musicians and collectors are drawn to the timeless appeal of classic guitar designs and vintage instruments from renowned manufacturers like Fender and Gibson.

This trend has led to the resurgence of vintage-style electric guitars and reissues of iconic models. Manufacturers are recreating classic designs with meticulous attention to detail, using aged finishes, vintage hardware, and period-correct pickups to capture the essence of iconic guitars from the past. These instruments not only appeal to seasoned musicians but also attract a new generation of players seeking the retro charm of vintage guitars.

Moreover, the vintage trend extends beyond aesthetics, with musicians exploring classic analog tones and effects. Tube amplifiers, analog stompboxes, and vintage-style pickups are in high demand as musicians seek to replicate the warm and organic sounds of bygone eras.

Extended Range and Multiscale Guitars

Another notable trend in the electric guitar market is the increasing popularity of extended-range guitars and multiscale designs. Traditionally, electric guitars have featured a standard scale length, typically around 25.5 inches for Fender-style guitars and 24.75 inches for Gibson-style guitars. However, many players now seek extended-range instruments that offer more versatility in terms of low-end and extended high-range capabilities.

Extended-range guitars, often featuring seven, eight, or even more strings, are favored by metal and progressive rock guitarists for their ability to explore lower tunings and access a broader sonic palette. Multiscale guitars, with varying scale lengths for different strings, enhance intonation and playability across the entire fretboard.

This trend reflects the evolving needs of musicians and their desire to push the boundaries of traditional guitar playing, exploring new genres and sonic possibilities.

Sustainable Materials and Eco-friendly Practices

Sustainability has become a critical consideration in the electric guitar market, reflecting broader environmental concerns. Many consumers are increasingly aware of the impact of manufacturing processes and materials on the planet. As a result, there is a growing trend towards sustainable practices and the use of eco-friendly materials in guitar production.

Manufacturers are exploring alternatives to traditional tonewoods, such as reclaimed wood, bamboo, and responsibly sourced materials. Additionally, some companies are implementing eco-friendly finishes and reducing waste in their production processes.

This trend not only appeals to environmentally conscious consumers but also aligns with industry efforts to address sustainability issues and comply with regulations related to the trade of endangered woods, such as those governed by CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora).

Customization and Personalization

Guitarists are increasingly seeking instruments that reflect their individuality and style. As a result, customization and personalization have become significant trends in the electric guitar market. Many manufacturers and boutique builders offer options for customizing everything from the guitar's finish and hardware to pickups and electronics.

Customization allows musicians to tailor their instruments to their specific needs and preferences, ensuring they have a unique tool for artistic expression. Some players opt for elaborate inlays, unique paint jobs, or personalized headstock designs, making their guitars one-of-a-kind.

Additionally, some companies offer online configurators that enable customers to design their dream guitars, selecting from a range of options to create a personalized instrument.

Hybrid and Innovative Designs

The electric guitar market is witnessing a trend towards innovative and hybrid designs that challenge traditional concepts of guitar construction. These designs often blend elements of different types of guitars or introduce novel features and materials.

For example, hybrid acoustic-electric guitars combine the acoustic resonance of traditional acoustic guitars with built-in pickups and electronics for amplification. These instruments offer the flexibility to switch between acoustic and electric sounds.

Innovative features like fan-fret designs, ergonomic body shapes, and alternative materials are also gaining popularity. These designs aim to enhance playability, comfort, and tonal versatility, catering to the diverse needs of modern guitarists.

Segmental Insights

Product Type Insights

The semi-hollow body guitar segment is experiencing remarkable growth within the electric guitar market. This category of guitars, characterized by a partially hollowed-out body with a center block running through it, offers a unique blend of features that cater to a wide range of players and musical styles.

One key factor driving the growth of semi-hollow body guitars is their versatility. Musicians appreciate their ability to produce warm, resonant tones akin to those of fully hollow body instruments, while still offering the sustain and feedback resistance associated with solid-body guitars. This versatility makes semi-hollow body guitars suitable for various genres, including jazz, blues, rock, and indie.

Another contributing factor is the aesthetic appeal of semi-hollow body guitars. Their elegant, vintage-inspired designs and f-holes add a touch of classic charm that resonates with many players and collectors. This aesthetic allure, combined with the unique tonal characteristics, makes semi-hollow body guitars highly desirable in the eyes of musicians and enthusiasts.

Additionally, advancements in manufacturing techniques and materials have led to the production of more affordable semi-hollow body guitars, broadening their accessibility to a wider range of players. Many well-known guitar manufacturers now offer semi-hollow body models across different price points, further fueling the segment's growth.

Overall, the semi-hollow body guitar market's growth can be attributed to its versatility, aesthetic appeal, and increased affordability, making it an increasingly popular choice among musicians seeking an instrument that bridges the gap between traditional hollow body and solid-body guitars. As musical trends evolve, the semi-hollow body segment is well-positioned to continue its expansion and innovation.

Sales Channel Insights

The online segment of the electric guitar market is experiencing robust and continuous growth, driven by the evolving dynamics of the digital age. This trend is reshaping the way consumers discover, purchase, and interact with electric guitars and related products.

Firstly, the convenience and accessibility of online shopping have played a pivotal role in the growth of this segment. Consumers can explore a vast array of electric guitars, amplifiers, effects pedals, and accessories from the comfort of their homes, eliminating the need to visit physical stores. The online marketplace offers a wide variety of choices, enabling buyers to compare prices, read reviews, and make informed decisions.

Secondly, the rise of e-commerce platforms and specialized online music stores has created new opportunities for both established brands and smaller manufacturers to reach a global audience. This has led to increased competition and innovation, with companies focusing on user-friendly websites, secure payment options, and efficient shipping and customer service.

Moreover, the online segment has facilitated the growth of the used and vintage guitar market. Platforms like eBay, Reverb, and various forums provide a marketplace for individuals to buy, sell, and trade guitars, amplifiers, and other gear. Musicians can find rare and collectible instruments that may not be available through traditional retail channels.

Additionally, the online environment has fostered a sense of community among musicians. Social media platforms, forums, and YouTube channels dedicated to guitar reviews and tutorials connect players from around the world, fostering knowledge-sharing and collaboration. These online communities serve as valuable resources for both beginners and experienced guitarists.

Furthermore, the trend of online guitar lessons and courses has gained momentum. Many accomplished guitarists and educators offer lessons through websites and video platforms, allowing students to access high-quality instruction at their own pace.

However, challenges accompany this growth, including the need to address counterfeit products and ensure secure transactions. Brands and marketplaces must remain vigilant in protecting consumers from fraudulent sellers and subpar merchandise.

In conclusion, the online segment of the electric guitar market continues to thrive due to its convenience, global reach, and role in fostering a sense of community among musicians. As e-commerce platforms and digital technologies evolve, this segment is expected to further shape the future of how electric guitars are bought, sold, and experienced by players around the world.

 

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Regional Insights

Europe is emerging as a growing and dynamic segment within the global electric guitar market. Several factors contribute to the increasing demand for electric guitars in Europe, making it a significant player in this industry.

One key driver of growth in Europe is the region's rich musical heritage and diverse music scenes. Europe has a deep-rooted history in various music genres, from classical and folk to rock and electronic dance music (EDM). This cultural diversity creates a broad market for electric guitars, catering to musicians with different musical backgrounds and preferences.

Another significant factor is the rise of local and independent music scenes across European countries. Emerging bands and artists are actively seeking electric guitars to create and perform their music, driving demand for both entry-level and high-end instruments. This trend has led to an increased presence of music schools, studios, and live music venues, further fueling the need for electric guitars.

The European market also benefits from a strong focus on sustainability and environmentally friendly practices. As concerns about the environment grow, there is a rising demand for electric guitars made from sustainably sourced materials and eco-friendly production methods. Manufacturers in Europe are increasingly aligning their production processes with these principles, contributing to the segment's growth.

Additionally, the ease of access to online platforms and e-commerce has made it simpler for European consumers to explore and purchase electric guitars from around the world. Online retailers and marketplaces offer a wide selection of brands and models, providing European customers with greater choice and convenience.

Furthermore, the European market's growth is supported by a thriving used and vintage guitar market. Collectors and enthusiasts seek vintage and rare instruments, and European sellers often have access to unique pieces, contributing to the overall vibrancy of the electric guitar market.

In conclusion, Europe's growing segment in the electric guitar market can be attributed to its rich musical heritage, diverse music scenes, the emergence of local music movements, a focus on sustainability, and the accessibility of online platforms. As musicians across Europe continue to seek electric guitars for creative expression, performance, and recording, this segment is expected to expand further, fostering innovation and diversity in the industry.

Recent Developments

  • In 2022, Gibson Brands, Inc. launched a limited-edition 60th anniversary model of its iconic Les Paul Standard guitar. The guitar features a number of classic Les Paul appointments, including a mahogany body, maple top, and P-90 pickups.
  • In 2022, Ibanez launched its new AZES2-PPB electric guitar. This guitar features a double-cutaway alder body, maple neck, and rosewood fretboard. It is equipped with two Seymour Duncan humbucker pickups and a five-way pickup selector switch.

Key Market Players

  • Epiphone
  • DEAN GUITARS
  • Michael Kelly Guitar Co.
  • Cort Guitars
  • The ESP Guitar Company
  • Yamaha Corporation
  • Ibanez Guitars
  • Karl Höfner GmbH & Co. KG
  • Fender Musical Instruments Corporation
  • Gibson Brands, Inc.

By Product Type

By Distribution Channel

By Region

  • Solid Body
  • Semi-hollow Body
  • Hollow Body
  • Online
  • Offline
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Electric Guitars Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Electric Guitars Market, By Product Type:

o   Solid Body

o   Semi-hollow Body

o   Hollow Body

  • Electric Guitars Market, By Distribution Channel:

o   Online

o   Offline

  • Electric Guitars Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o   South America

§  Argentina

§  Colombia

§  Brazil

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Guitars Market.

Available Customizations:

Global Electric Guitars market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Electric Guitars Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision

4.3.  Sources of Information

5.    Global Electric Guitars Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type Market Share Analysis (Solid Body, Semi-hollow Body, Hollow Body)

5.2.2.    By Distribution Channel Market Share Analysis (Online, Offline)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        Europe Market Share Analysis

5.2.3.3.        Asia-Pacific Market Share Analysis

5.2.3.4.        Middle East & Africa Market Share Analysis

5.2.3.5.        South America Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Electric Guitars Market Mapping & Opportunity Assessment

5.3.1.    By Product Type Market Mapping & Opportunity Assessment

5.3.2.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    North America Electric Guitars Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type Market Share Analysis

6.2.2.    By Sales Channel Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        United States Electric Guitars Market Outlook

6.2.3.1.1.           Market Size & Forecast

6.2.3.1.1.1.               By Value

6.2.3.1.2.           Market Share & Forecast

6.2.3.1.2.1.               By Product Type Market Share Analysis

6.2.3.1.2.2.               By Sales Channel Market Share Analysis

6.2.3.2.        Canada Electric Guitars Market Outlook

6.2.3.2.1.           Market Size & Forecast

6.2.3.2.1.1.               By Value

6.2.3.2.2.           Market Share & Forecast

6.2.3.2.2.1.               By Product Type Market Share Analysis

6.2.3.2.2.2.               By Sales Channel Market Share Analysis

6.2.3.3.        Mexico Electric Guitars Market Outlook

6.2.3.3.1.           Market Size & Forecast

6.2.3.3.1.1.               By Value

6.2.3.3.2.           Market Share & Forecast

6.2.3.3.2.1.               By Product Type Market Share Analysis

6.2.3.3.2.2.               By Sales Channel Market Share Analysis

7.    Europe Electric Guitars Market Outlook

7.1.  Market Size & Forecast      

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type Market Share Analysis

7.2.2.    By Sales Channel Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        France Electric Guitars Market Outlook

7.2.3.1.1.           Market Size & Forecast

7.2.3.1.1.1.               By Value

7.2.3.1.2.           Market Share & Forecast

7.2.3.1.2.1.               By Product Type Market Share Analysis

7.2.3.1.2.2.               By Sales Channel Market Share Analysis

7.2.3.2.        United Kingdom Electric Guitars Market Outlook

7.2.3.2.1.           Market Size & Forecast

7.2.3.2.1.1.               By Value

7.2.3.2.2.           Market Share & Forecast

7.2.3.2.2.1.               By Product Type Market Share Analysis

7.2.3.2.2.2.               By Sales Channel Market Share Analysis

7.2.3.3.        Italy Electric Guitars Market Outlook

7.2.3.3.1.           Market Size & Forecast

7.2.3.3.1.1.               By Value

7.2.3.3.2.           Market Share & Forecast

7.2.3.3.2.1.               By Product Type Market Share Analysis

7.2.3.3.2.2.               By Sales Channel Market Share Analysis

7.2.3.4.        Germany Electric Guitars Market Outlook

7.2.3.4.1.           Market Size & Forecast

7.2.3.4.1.1.               By Value

7.2.3.4.2.           Market Share & Forecast

7.2.3.4.2.1.               By Product Type Market Share Analysis

7.2.3.4.2.2.               By Sales Channel Market Share Analysis

7.2.3.5.        Spain Electric Guitars Market Outlook

7.2.3.5.1.           Market Size & Forecast

7.2.3.5.1.1.               By Value

7.2.3.5.2.           Market Share & Forecast

7.2.3.5.2.1.               By Product Type Market Share Analysis

7.2.3.5.2.2.               By Sales Channel Market Share Analysis

8.    Asia-Pacific Electric Guitars Market Outlook

8.1.  Market Size & Forecast      

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type Market Share Analysis

8.2.2.    By Sales Channel Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        China Electric Guitars Market Outlook

8.2.3.1.1.           Market Size & Forecast

8.2.3.1.1.1.               By Value

8.2.3.1.2.           Market Share & Forecast

8.2.3.1.2.1.               By Product Type Market Share Analysis

8.2.3.1.2.2.               By Sales Channel Market Share Analysis

8.2.3.2.        India Electric Guitars Market Outlook

8.2.3.2.1.           Market Size & Forecast

8.2.3.2.1.1.               By Value

8.2.3.2.2.           Market Share & Forecast

8.2.3.2.2.1.               By Product Type Market Share Analysis

8.2.3.2.2.2.               By Sales Channel Market Share Analysis

8.2.3.3.        Japan Electric Guitars Market Outlook

8.2.3.3.1.           Market Size & Forecast

8.2.3.3.1.1.               By Value

8.2.3.3.2.           Market Share & Forecast

8.2.3.3.2.1.               By Product Type Market Share Analysis

8.2.3.3.2.2.               By Sales Channel Market Share Analysis

8.2.3.4.        Australia Electric Guitars Market Outlook

8.2.3.4.1.           Market Size & Forecast

8.2.3.4.1.1.               By Value

8.2.3.4.2.           Market Share & Forecast

8.2.3.4.2.1.               By Product Type Market Share Analysis

8.2.3.4.2.2.               By Sales Channel Market Share Analysis

8.2.3.5.        South Korea Electric Guitars Market Outlook

8.2.3.5.1.           Market Size & Forecast

8.2.3.5.1.1.               By Value

8.2.3.5.2.           Market Share & Forecast

8.2.3.5.2.1.               By Product Type Market Share Analysis

8.2.3.5.2.2.               By Sales Channel Market Share Analysis

8.2.3.6.        Indonesia Electric Guitars Market Outlook

8.2.3.6.1.           Market Size & Forecast

8.2.3.6.1.1.               By Value

8.2.3.6.2.           Market Share & Forecast

8.2.3.6.2.1.               By Product Type Market Share Analysis

8.2.3.6.2.2.               By Sales Channel Market Share Analysis

9.    Middle East & Africa Electric Guitars Market Outlook

9.1.  Market Size & Forecast      

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type Market Share Analysis

9.2.2.    By Sales Channel Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        South Africa Electric Guitars Market Outlook

9.2.3.1.1.           Market Size & Forecast

9.2.3.1.1.1.               By Value

9.2.3.1.2.           Market Share & Forecast

9.2.3.1.2.1.               By Product Type Market Share Analysis

9.2.3.1.2.2.               By Sales Channel Market Share Analysis

9.2.3.2.        Saudi Arabia Electric Guitars Market Outlook

9.2.3.2.1.           Market Size & Forecast

9.2.3.2.1.1.               By Value

9.2.3.2.2.           Market Share & Forecast

9.2.3.2.2.1.               By Product Type Market Share Analysis

9.2.3.2.2.2.               By Sales Channel Market Share Analysis

9.2.3.3.        UAE Electric Guitars Market Outlook

9.2.3.3.1.           Market Size & Forecast

9.2.3.3.1.1.               By Value

9.2.3.3.2.           Market Share & Forecast

9.2.3.3.2.1.               By Product Type Market Share Analysis

9.2.3.3.2.2.               By Sales Channel Market Share Analysis

9.2.3.4.        Turkey Electric Guitars Market Outlook

9.2.3.4.1.           Market Size & Forecast

9.2.3.4.1.1.               By Value

9.2.3.4.2.           Market Share & Forecast

9.2.3.4.2.1.               By Product Type Market Share Analysis

9.2.3.4.2.2.               By Sales Channel Market Share Analysis

10. South America Electric Guitars Market Outlook

10.1.            Market Size & Forecast        

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Product Type Market Share Analysis

10.2.2. By Sales Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     Argentina Electric Guitars Market Outlook

10.2.3.1.1.         Market Size & Forecast

10.2.3.1.1.1.            By Value

10.2.3.1.2.         Market Share & Forecast

10.2.3.1.2.1.            By Product Type Market Share Analysis

10.2.3.1.2.2.            By Sales Channel Market Share Analysis

10.2.3.2.     Colombia Electric Guitars Market Outlook

10.2.3.2.1.         Market Size & Forecast

10.2.3.2.1.1.            By Value

10.2.3.2.2.         Market Share & Forecast

10.2.3.2.2.1.            By Product Type Market Share Analysis

10.2.3.2.2.2.            By Sales Channel Market Share Analysis

10.2.3.3.     Brazil Electric Guitars Market Outlook

10.2.3.3.1.         Market Size & Forecast

10.2.3.3.1.1.            By Value

10.2.3.3.2.         Market Share & Forecast

10.2.3.3.2.1.            By Product Type Market Share Analysis

10.2.3.3.2.2.            By Sales Channel Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Impact of COVID-19 on Global Electric Guitars Market

12.1.            Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Sales Channel Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.            Company Profiles

14.1.1. Epiphone

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. DEAN GUITARS

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Michael Kelly Guitar Co.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Cort Guitars

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. The ESP Guitar Company

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Yamaha Corporation

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Ibanez Guitars

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Karl Höfner GmbH & Co. KG

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Fender Musical Instruments Corporation

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Gibson Brands, Inc.

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.            Key Focus Areas

15.2.            Target Product Type

15.3.            Target Sales Channel

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Electric Guitars Market was estimated to be USD 5.2 billion in 2022.

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The major drivers for the global electric guitars market include the enduring popularity of music, rising disposable incomes, technological innovations in guitar design and production, the accessibility of online sales channels, and the diverse musical preferences and trends influencing consumer demand for a wide range of electric guitar models.

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Major trends in the global electric guitars market include the growing emphasis on digital connectivity and integration, a revival of vintage aesthetics and sounds, the popularity of extended-range and multiscale guitars, a focus on sustainability and eco-friendly practices, increased customization and personalization options, and innovative and hybrid guitar designs.

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Major challenges for the global electric guitars market include market saturation and intense competition, changing musical trends affecting demand, the presence of counterfeit and imitation products, increasing environmental regulations and sustainability concerns, the need to adapt to economic shifts and manufacturing costs, and addressing shifting consumer preferences.

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Parvati Sharma

Account Manager BD
Press Release

Electric Guitar Market to Grow with a CAGR of 7.67% Globally through 2028

Oct, 2023

The global electric guitars market is dynamic, driven by musical trends and technological innovations. Increasing interest in music, rising disposable incomes, and online sales contribute to its grow