Electric Guitars Market Report 2025

The electric guitars market size has grown rapidly in recent years. It will grow from $4.1 billion in 2024 to $4.51 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to rock and roll culture, cultural shift in music preferences, influence of guitar icons, manufacturing advances, cultural symbolism, media and advertising.

The electric guitars market size is expected to see rapid growth in the next few years. It will grow to $6.9 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to continued genre evolution, e-commerce and online sales growth, sustainability and eco-friendly practices, global market expansion, customization and personalization trends. Major trends in the forecast period include influence of social media and digital platforms, technological innovations, digital integration, rise in online sales, artist collaborations.

The increasing interest in music is a significant factor propelling the growth of the electric guitar market. As people engage with music - known for its ability to refresh the soul and provide excellent entertainment - electric guitars play a vital role in various popular music genres. The appeal of these genres inspires many individuals to learn to play the guitar. For instance, a UK-based economic report titled 'THIS IS MUSIC 2023' indicated that in June 2024, recorded music revenues continued to grow in 2022 due to several factors. Revenues from vinyl sales rose by 3.1%, while streaming revenues increased by 6.3% compared to the previous year. Therefore, the growing interest in music is expected to drive the expansion of the electric guitar market in the future.

The increasing prevalence of live concerts stands as a significant driver for the growth of the electric guitars market. Live concerts involve musicians or artists delivering performances directly to an audience, fostering a dynamic and immediate connection between performers and attendees. Electric guitars play a crucial role in live concerts, providing amplified sound, dynamic versatility, and a wide array of tones. For instance, in September 2022, MN2S Management Limited, a UK-based International Music and Talent agency, reported a substantial surge in concert attendance. The figures revealed a 20% increase, reaching 33.5 million spectators during the corresponding period. Additionally, the number of events promoted by the organization experienced a 20% rise to 12,500 in the second quarter of 2022, compared to 10,000 in the equivalent period in 2019. This upward trend in live concerts is anticipated to be a driving force for the growth of the electric guitars market in the foreseeable future.

Strategic partnerships and collaborations have become a prominent trend in the electric guitar market. Leading companies in this sector are focusing on these alliances to meet consumer demand and strengthen their market position. In July 2024, Chapman Guitars, a UK-based company known for its high-quality electric guitars, announced a new partnership with Musifacts for an undisclosed amount. This collaboration aims to enhance Chapman Guitars' product offerings by integrating innovative music technology solutions that improve the overall guitar-playing experience. Musifacts Europe, based in the Netherlands, is recognized for its advanced audio and music software, designed to help musicians optimize their sound and performance.

Major companies in the electric guitars market are actively pursuing innovation through the development of high-end electric guitars. A high-end electric guitar is characterized by its premium quality, crafted with meticulous attention to detail, utilizing top-tier materials and advanced construction techniques. For example, in June 2023, Taylor Guitars, a US-based guitar manufacturer, introduced the 'Powers Electric' brand. These electric guitars feature a SoCal surf-inspired A-Type hollow body. The A-Type represents a contemporary boutique instrument, drawing design influences from 20th-century automotive design and surf culture, while embodying a 21st-century aesthetic. Unique details, such as pickup control knobs and vibrato arm caps, are crafted using layers of surfboard resin, a byproduct derived from the process of sealing and waterproofing surfboards for ocean use. This innovation showcases a commitment to combining quality craftsmanship with creative design in the electric guitars market.

In February 2023, Yamaha Guitar Group, a U.S.-based company specializing in the manufacturing and marketing of guitars, acquired Cordoba Music Group for an undisclosed amount. This acquisition underscores Yamaha's strategic initiative to expand its presence in the guitar industry, enhance its product offerings, and deliver greater value to musicians globally. Cordoba Music Group is a well-known U.S. manufacturer of acoustic and electric guitars, along with related products.

Major companies operating in the electric guitars market include Gibson Brands Inc., Alembic Inc., Fender Musical Instruments Corporation, Yamaha Corporation, CF Martin & Company, Alvarez Guitars, Behringer Guitars, PRS Guitars, Paul Reed Smith Guitars Ltd., Ampeg, ESP Company Ltd, Schecter Guitar Research, Hoshino Gakki Co. Ltd., Dean Guitars, Babicz Guitars, Rickenbacker International Corp, Carvin Corporation, B C Rich Guitars., G&L Musical Instruments, Michael Kelly Guitars, Jackson Guitars, Cort Guitars, Epiphone, Airline Guitars, Antoria, Aria Guitars, Ashton Music, Avalon Guitars.

Asia-Pacific was the largest region in the electric guitar market in 2024. The regions covered in the electric guitars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric guitars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electric guitars are instruments equipped with electric or magnetic pickups to enhance and amplify sound through a loudspeaker. These guitars have a wooden body and steel strings, converting string vibrations into electrical impulses reproduced as sound by loudspeakers, typically with the aid of one or more pickups.

The primary types of electric guitars include the electric acoustic guitar, seven-string guitar, solid-body guitar, hollow-body guitar, and other variations. Electric acoustic guitars are essentially acoustic guitars fitted with a pickup and often a preamp, enabling them to be plugged into an amplifier or PA system for live performances. These guitars come in various price ranges, categorized as low, medium, and high, and are available through a variety of online and offline channels. They cater to a diverse user base, including professionals, learners, and individual amateurs.

The electric guitars market research report is one of a series of new reports that provides electric guitars market statistics, including electric guitars industry global market size, regional shares, competitors with a electric guitars market share, detailed electric guitars market segments, market trends and opportunities, and any further data you may need to thrive in the electric guitars industry. This electric guitar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric guitars market consists of sales of soildbody guitars, stratocaster, super strat, telecaster, offset, les Paul, SG and flying V, semi-hollow guitars, and hollow body guitars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in these electric guitars market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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