PUBLISHER: IMARC | PRODUCT CODE: 1291497
PUBLISHER: IMARC | PRODUCT CODE: 1291497
Electric Guitars Market by Type, Price, Distribution Channel, End User, and Region 2023-2028
Market Overview:
The global electric guitars market size reached US$ 2.91 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.67 Billion by 2028, exhibiting a growth rate (CAGR) of 6.70% during 2023-2028. Increasing number of guitarists, rising influence of social media, and the easy availability through e-commerce channels represent some of the key factors driving the market.
Electric guitars represents one of the most popular musical instrument with a solid or semi hollow body and a neck with a fingerboard. They use a pickup and an amplifier to produce sound and are generally used in several musical genres, such as rock, jazz, blues, pop, country, and metal. They are capable of producing various sounds and effects, such as reverb, distortion, and overdrive, and can be connected to other devices, including pedals and recording equipment. At present, key players are launching novel variants like modular and customizable electric guitars that allow players to easily swap out parts and create unique instruments as per their requirements. They are also incorporating high tech features, such as built-in effects, wireless connectivity, and digital modeling in electric guitars to offer a wide range of sounds and playing options.
Electric Guitars Market Trends:
The increasing interest in music among individuals and the rising number of guitarists currently represent one of the major factors driving the demand for electric guitars around the world. Moreover, the growing popularity of electric guitars on account of rapid urbanization and inflating income levels are influencing the market positively. In addition, the expanding number of music festivals and live concerts is bolstering the growth of the market. Apart from this, the rising number of music institutions, clubs, and associations is catalyzing the demand for electric guitars worldwide. Furthermore, the growing influence of social media, which makes it easier for artists to share their work and connect with fans, is presently creating a positive outlook for the market. Besides this, there is an increase in the integration of computer-aided design (CAD), computer aided manufacturing (CAM), 3D printing, and sensors to design, test the shape, control, and optimize the manufacturing processes to produce different parts of the electric guitars. This, coupled with the rising utilization of robotics to automate manufacturing processes, such as woodworking and assembling, is strengthening the growth of the market. Additionally, the expanding number of online shopping channels that offer a wide range of variants in different colors is influencing the sales of electric guitars across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global electric guitars market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, price, distribution channel, and end user.
Type Insights:
- Electric Acoustic Guitar
- Seven String Guitar
- Solid Body Guitar
- Hollow Body Guitars
- Others
The report has provided a detailed breakup and analysis of the electric guitars market based on the type. This includes electric acoustic guitar, seven string guitar, solid body guitar, hollow body guitars, and others. According to the report, solid body guitar represented the largest segment.
Price Insights:
- Low
- Medium
- High
A detailed breakup and analysis of the electric guitars market based on the price has also been provided in the report.
Distribution Channel Insights:
- Online
- Offline
The report has provided a detailed breakup and analysis of the electric guitars market based on the distribution channel. This includes online and offline. According to the report, offline represented the largest segment.
End User Insights:
- Professionals
- Learners
- Individual Amateurs
A detailed breakup and analysis of the electric guitars market based on the end user has also been provided in the report. This includes professionals, learners, and individual amateurs.
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for electric guitars. Some of the factors driving the Asia Pacific electric guitars market included the growing popularity of western music, increasing disposable income, and the emergence of local artists and bands.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global electric guitars market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered C. F. Martin & Company, Cort Guitars, Dean Guitars, Fender Musical Instruments Corporation (Servco Pacific Inc.), Gibson Brands Inc., Hoshino Gakki Co. Ltd., Karl Hofner GmbH & Co. KG, Michael Kelly Guitar Co., Paul Reed Smith Guitars, Samick Musical Instrument Co. Ltd., Yamaha Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global electric guitars market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global electric guitars market?
- What is the impact of each driver, restraint, and opportunity on the global electric guitars market?
- What are the key regional markets?
- Which countries represent the most attractive electric guitars markets?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the electric guitars market?
- What is the breakup of the market based on the price?
- Which is the most attractive price in the electric guitars market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the electric guitars market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the electric guitars market?
- What is the competitive structure of the global electric guitars market?
- Who are the key players/companies in the global electric guitars market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Guitars Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Electric Acoustic Guitar
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Seven String Guitar
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Solid Body Guitar
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Hollow Body Guitars
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Price
- 7.1 Low
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medium
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 High
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Online
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offline
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End User
- 9.1 Professionals
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Learners
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Individual Amateurs
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
- 11.1 Overview
- 11.2 Drivers
- 11.3 Restraints
- 11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 C. F. Martin & Company
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Cort Guitars
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Dean Guitars
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Fender Musical Instruments Corporation (Servco Pacific Inc.)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Gibson Brands Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Hoshino Gakki Co. Ltd.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Karl Hofner GmbH & Co. KG
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Michael Kelly Guitar Co.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Paul Reed Smith Guitars
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Samick Musical Instrument Co. Ltd.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Yamaha Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.1 C. F. Martin & Company
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Electric Guitars Market: Major Drivers and Challenges
- Figure 2: Global: Electric Guitars Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electric Guitars Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Electric Guitars Market: Breakup by Type (in %), 2022
- Figure 5: Global: Electric Guitars Market: Breakup by Price (in %), 2022
- Figure 6: Global: Electric Guitars Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Electric Guitars Market: Breakup by End User (in %), 2022
- Figure 8: Global: Electric Guitars Market: Breakup by Region (in %), 2022
- Figure 9: Global: Electric Guitars (Electric Acoustic Guitar) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Electric Guitars (Electric Acoustic Guitar) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Electric Guitars (Seven String Guitar) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Electric Guitars (Seven String Guitar) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Electric Guitars (Solid Body Guitar) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Electric Guitars (Solid Body Guitar) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Electric Guitars (Hollow Body Guitars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Electric Guitars (Hollow Body Guitars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Electric Guitars (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Electric Guitars (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Electric Guitars (Low) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Electric Guitars (Low) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Electric Guitars (Medium) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Electric Guitars (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Electric Guitars (High) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Electric Guitars (High) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Electric Guitars (Online) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Electric Guitars (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Electric Guitars (Offline) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Electric Guitars (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Electric Guitars (Professionals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Electric Guitars (Professionals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Electric Guitars (Learners) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Electric Guitars (Learners) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Electric Guitars (Individual Amateurs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Electric Guitars (Individual Amateurs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: North America: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: North America: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: United States: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: United States: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Canada: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Canada: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Asia-Pacific: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Asia-Pacific: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: China: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: China: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Japan: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Japan: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: India: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: India: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: South Korea: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: South Korea: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Australia: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Australia: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Indonesia: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Indonesia: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Europe: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Europe: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Germany: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Germany: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: France: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: France: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: United Kingdom: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: United Kingdom: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Italy: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Italy: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Spain: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Spain: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Russia: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Russia: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Latin America: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Latin America: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Brazil: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Brazil: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Mexico: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Mexico: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Others: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Others: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Middle East and Africa: Electric Guitars Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Middle East and Africa: Electric Guitars Market: Breakup by Country (in %), 2022
- Figure 83: Middle East and Africa: Electric Guitars Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Global: Electric Guitars Industry: Drivers, Restraints, and Opportunities
- Figure 85: Global: Electric Guitars Industry: Value Chain Analysis
- Figure 86: Global: Electric Guitars Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Electric Guitars Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Electric Guitars Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Electric Guitars Market Forecast: Breakup by Price (in Million US$), 2023-2028
- Table 4: Global: Electric Guitars Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Electric Guitars Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Electric Guitars Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Electric Guitars Market: Competitive Structure
- Table 8: Global: Electric Guitars Market: Key Players
