Electric Guitars Market Report 2026

The electric guitars market size has grown rapidly in recent years. It will grow from $4.46 billion in 2025 to $4.94 billion in 2026 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to growth in rock and pop culture influence, rise of global live music and concerts, increasing affordability of mass-produced electric guitars, expansion of offline music retail stores, early adoption of electric acoustic hybrids.

The electric guitars market size is expected to see rapid growth in the next few years. It will grow to $7.46 billion in 2030 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing demand for digital-compatible guitars with built-in connectivity, rising popularity of virtual music production, growth in online learning platforms accelerating amateur adoption, expansion of customized and boutique handcrafted guitar offerings, growing use of lightweight sustainable materials in guitar manufacturing. Major trends in the forecast period include growing popularity of premium electric guitars among professionals, rising adoption of hybrid acoustic-electric designs, increasing demand for lightweight guitar bodies and ergonomic shapes, expansion of online music learning driving guitar purchases, growing influence of global music genres and social media-driven amateur participation.

The growing interest in music is a key factor driving the growth of the electric guitars market. Music serves as a source of entertainment and refreshes the soul, attracting more people to engage with it. Electric guitars, including various styles and designs, play a central role in popular music genres, and the appeal of these genres encourages many individuals to learn to play the instrument. For instance, in January 2024, Music Today Ltd., a UK-based company, reported that in 2023, global on-demand song streams rose to 7.1 trillion (up 33.7% from 2022), audio streams reached 4.1 trillion (up 22.3%), and 436,000 tracks were streamed over 1 million times (up 16.7% from 2022). Therefore, the increasing interest in music is expected to drive the growth of the electric guitars market going forward.

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 are 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., 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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the electric guitar market by raising import costs for components such as pickups, tonewoods, electronic assemblies, and hardware parts, increasing overall production and retail prices. The impact is most significant across mid- and high-end guitar segments and in regions reliant on imported musical instruments, particularly North America and Europe. These tariffs have slowed inventory movement and pressured manufacturers to reevaluate sourcing strategies, increase regional assembly, and explore alternative materials that reduce tariff exposure. On the positive side, tariffs are encouraging domestic craftsmanship, boosting localized production, and accelerating innovation in sustainable and cost-efficient guitar designs.

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.

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.Asia-Pacific was the largest region in the electric guitar market in 2025. The regions covered in the electric guitars market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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