How Big Is the Electric Guitar Market | Growth Analysis 2031

Q: What is the overall size of the electric guitar market?

The electric guitar market is projected at approximately USD 6.7 billion by 2031.

Q: What trends are influencing consumer preferences in electric guitars?

Consumers are favoring lightweight, tech-integrated, and customizable guitars.

Q: Who are the primary consumers of electric guitars?

Young hobbyists, independent musicians, music students, and professionals.

Q: How is technology affecting product innovation in electric guitars?

Digital connectivity, effects integration, and smart features are enhancing performance and playability.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5791

Publication Date: Jul 2025

How big is the electric guitar market?

According to 6Wresearch internal database and industry insights, the Global Electric Guitar Market was valued at approximately USD 4.3 billion in 2024 and is projected to reach USD 6.7 billion by 2031, growing at a CAGR of 6.5% during the forecast period.

Growing interest in music among younger audiences, more people creating music content online, and the increasing use of electric guitars in live performances particularly in developing nations are the main factors driving the market expansion. The market is expanding due to the growing availability of reasonably priced entry-level models and technological integration, including digital connectivity and built-in effects.

Key Growth Factors of the Electric Guitar Market

Increasing number of amateur musicians and home-based learners
Rising popularity of rock, indie, and fusion music genres
Growth of online tutorials and influencer-driven music trends
Availability of low-cost, high-quality guitars from Asia-Pacific manufacturers
Technological integration, including Bluetooth and USB connectivity
Expanding distribution through online retail channels

Electric Guitar Market Trends

Electric guitars are becoming more versatile with features such as built-in amplifiers and app integration. There is growing interest in custom and vintage-style models. Online direct-to-consumer sales are reshaping distribution, and limited-edition releases are gaining popularity among collectors. Hybrid models combining acoustic and electric features are also seeing increased traction.

Emerging Developments in the Electric Guitar Market

Manufacturers are integrating digital tuners, modeling software, and smartphone connectivity. Companies are collaborating with artists for signature model launches. 3D printing and sustainable materials are being explored for body construction. Smart guitars with learning functionalities are targeting beginners. Modular design elements are allowing greater personalization of sound and aesthetics.