Intro: Let’s Talk About the Electric Guitars Boom

You ever wonder why electric guitars seem to be everywhere these days, from bedroom setups to massive stages? Turns out, it’s not just our imagination. The electric guitar market has been on a steady rise, growing from a cool $4.49 billion in 2022 and expected to hit $7.62 billion by 2030. That’s a lot of axes being sold, right? Whether it’s rock, metal, or jazz, more people than ever are picking up electric guitars, and there are plenty of reasons why.

The Key Factors Behind the Electric Guitar Craze

1. Millennials and Gen Z Love Music It’s no secret that younger generations have a thing for music—not just listening but creating it too. With more live gigs, festivals, and even school music programs popping up, electric guitars are getting a lot of love.
2. Lockdowns Turned People into Musicians Remember the lockdowns? Yeah, people got bored, and many decided it was the perfect time to learn a new hobby. Sales shot up around mid-2020, and companies like Fender even reported record sales.
3. Music Education is Going Digital Online platforms have made it super easy to learn guitar. Video lessons, live virtual classes, and even apps are helping people dive into the world of electric guitars from the comfort of home. And hey, if you’ve got Wi-Fi, you’ve got a guitar teacher.
4. Rock and Metal Are Still Huge Let’s face it—rock and metal aren’t going anywhere. Solid-body electric guitars dominate the market (over 65% share in 2022) because they’re perfect for those genres. With more bands forming and metal staying alive and well, demand isn’t slowing down.

Quick Look at Market Breakdown

Here’s where things get interesting. Different types of electric guitars and distribution channels are seeing varied growth:

Category	Market Share (2022)	Growth Rate (2023-2030)
Solid-body Guitars	65%	Strong
Semi-hollow Body Guitars	Growing	7.2% CAGR
Offline Distribution	70%	Steady
Online Distribution	Rising	High CAGR

Solid-body guitars are king, thanks to rock and metal bands loving their durability and tone. Semi-hollow bodies are catching up too—they offer the best of both worlds for players who want versatility.

Offline vs. Online: Where Are People Buying Guitars?

The majority of people still prefer heading to physical stores to check out guitars in person. It makes sense—you get to play around with different models and really get a feel for them. Plus, stores like Guitar Center saw a massive jump in sales after lockdowns ended.

But online shopping is growing fast, with brands like Fender reporting a huge increase in online sales. Convenience plays a big role here—you can browse dozens of models, compare prices, and even grab deals you wouldn’t find in-store.

Regional Trends: Who’s Buying the Most Guitars?

• Asia Pacific: Leading the charge with over 35% of the revenue share in 2022. With rising disposable incomes and more interest in music, this region is booming.
• North America: Expected to grow at a 7% CAGR. Big brands like Gibson, Fender, and Ibanez keep releasing new models, keeping the excitement alive.
• Europe: Home to some of the most iconic bands, Europe’s demand for electric guitars isn’t slowing down either.

What Are the Big Brands Up To?

Here’s a quick look at what the major players are doing:

• Fender: Launched new models under their brands like Jackson and Gretsch in 2023.
• PRS Guitars: Teamed up with John Mayer for a new version of the Silver Sky model.
• Gibson: Continues to innovate with fresh takes on their legendary Les Pauls and SGs.

These companies aren’t just sitting around—they’re constantly coming up with new designs, colors, and features to keep players hooked.

Key Insights for Guitar Enthusiasts

1. Solid-body guitars remain the top choice for most players, especially in rock and metal genres.
2. Online sales are growing, so if you’re looking for convenience, check out online deals.
3. Asia Pacific is leading the market, but North America and Europe are close behind.
4. Music education is becoming more accessible thanks to online platforms, meaning more beginners are picking up guitars.
5. Big brands continue to innovate, keeping things exciting for both beginners and pros.

Conclusion: Why This Matters to You

Whether you’re a seasoned player or someone just starting out, it’s a great time to be into electric guitars. With more options, better access to education, and even cooler models coming out every year, there’s never been a better time to grab a guitar and start playing. Plus, with the market growing like this, who knows? Your next guitar might just become a collector’s item in the future.

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Want to check the report by Grand View Research, this a summary of the original 80-pages report:

https://www.grandviewresearch.com/industry-analysis/electric-guitars-market