Industry Analysis & Industry Trends
The Acoustic and Electric Guitar Manufacturing industry has enjoyed solid growth over the five years to 2014. Stronger consumer sway, indicated by increasing levels of per capita disposable income, has underpinned demand for industry products. Guitars are considered discretionary purchase and are subsequently extremely sensitive to changes in overall economic conditions. Over the five years to 2019, the guitar manufacturing industry is expected to continue growing, albeit at a slower rate than the previous five-year period. Revenue growth is expected to be driven by rises in per capita disposable income, which will lead to more discretionary purchases, such as guitars.... purchase to read more
Industry Report - Industry Locations Chapter
Distribution of establishments in the Acoustic and Electric Guitar Manufacturing industry is based primarily off of the proximity to upstream suppliers and location of large downstream markets. Being located near suppliers of raw material, such as wood and electronic components, lowers transportation costs and speeds up delivery. Similarly, being located near downstream markets allows manufacturers to speed up delivery time and adjust to consumer preferences in a timely manner.
The West region is expected to account for the largest number of establishments with 25.9% of operators... purchase to read more