Electric Guitars Market Trends

Global Electric Guitars Market size was valued at USD 4.72 billion in 2023 and is poised to grow from USD 5.06 billion in 2024 to USD 8.75 billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).

Players in this sector compete fiercely since a few of them are top producers and sellers of instruments for music with sizable customer bases. Additionally, these market leaders have robust and sizable distribution networks that enable them to access a bigger customer base globally. Major players have a significant impact on the market because they typically have a global presence and use a variety of business strategies, including product launches and developments, mergers and acquisitions, company growth, collaborations and partnerships, and distribution channel bolstering, to grow more quickly and gain a larger market share. 'Gibson Brands, Inc. (USA) ', 'Yamaha Corporation (Japan) ', 'Ibanez Guitars (Japan) ', 'PRS Guitars (USA) ', 'ESP Guitars (Japan) ', 'Cort Guitars (South Korea) ', 'Schecter Guitar Research (USA) ', 'Jackson Guitars (USA) ', 'Gretsch Guitars (USA) ', 'Rickenbacker International Corporation (USA) ', 'Epiphone (USA) ', 'Music Man (USA) ', 'Dean Guitars (USA) ', 'Kramer Guitars (USA) ', 'Charvel Guitars (USA) ', 'Washburn Guitars (USA) ', 'Godin Guitars (Canada) ', 'D’Angelico Guitars (USA) ', 'G&L Musical Instruments (USA)'

The popularity of music, especially genres like rock, pop, and metal, continues to rise globally. This has led to an increased interest in learning and playing musical instruments, including electric guitars. The desire to emulate favorite artists and participate in music-related activities is driving the demand for electric guitars.

Growing demand for vintage and retro-style guitars: There has been a resurgence of interest in vintage and retro-style electric guitars. Musicians and enthusiasts are drawn to the classic designs, tones, and aesthetics of guitars from the 1950s to 1970s. Manufacturers have capitalized on this trend by reissuing iconic models or creating new guitars with vintage-inspired features.

Asia Pacific dominated the global market. Due to increased levels of disposable money per person, consumers have a great influence on the market and their preferences are changing quickly. The growing popularity of music & the ability to spend money on leisure activities have both contributed to the demand for electric guitars in the Asia-Pacific region. In addition, market growth is predicted to be fueled in the upcoming years by the rise in the number of musical ensembles hosting concerts and festivals.