Electric Guitars Market by Type (Electric Acoustic Guitar, Seven String Guitar, Solid Body Guitar, Hollow Body Guitars, and Others), Price (Low, Medium, High), Distribution Channel (Online, Offline), End User (Professionals, Learners, Individual Amateurs)

Electric Guitars Market by Type (Electric Acoustic Guitar, Seven String Guitar, Solid Body Guitar, Hollow Body Guitars, and Others), Price (Low, Medium, High), Distribution Channel (Online, Offline), End User (Professionals, Learners, Individual Amateurs), 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 Höfner 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?


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
  10.2 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
  10.3 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
  10.4 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
  10.5 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 Höfner 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 AnalysisKindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

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