A strong consumer influence, due to the increasing levels of per capita disposable income has supported the growth of the electric guitar market, at a significant rate. The electric guitar market is highly sensitive to regional and global economic crisis. The increasing disposable income and growing interest of people in music are of the key drivers for the growth of the electric guitar market. The increasing number of musical bands is further expected to propel the electrical guitar market, during the forecast period. A highly skilled and trained labor is required for adjusting, carving, and assembling of electric guitars; which leads to high wages and capital requirements for the electric guitar manufacturing industries.