Industry Analysis & Industry Trends
The Acoustic and Electric Guitar Manufacturing industry struck a couple wrong notes in 2008 and 2009, with revenue plummeting as the recession took hold. Those two years brought overall revenue down for the five-year period to 2012, despite a rebound in sales in the latter half of the period. This growth is expected to continue through 2017 as consumers relieve pent-up demand when their disposable income rises. Revenue is expected to reach prerecession levels by the end of the period, but the trade-weighted index and rising import penetration will hinder revenue growth.... purchase to read more
Industry Report - Industry Locations Chapter
Locations of the Acoustic and Electric Guitar Manufacturing industry's production facilities are primarily in the West region of the United States. Factors affecting location include proximity to suppliers of electronic parts, for example. Proximity to customers, export markets and relatively low-cost raw materials or labor also plays a role in determining industry operations. Consequently industry activity is mostly concentrated in areas close to shipping ports because many components of acoustic and electric guitars come from Asia and Africa.
Alternatively, businesses are located in areas with a lower average wage or close to their headquarters... purchase to read more