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 Products Chapter
Electric and acoustic guitars
Electric guitars are expected to account for about 32.2% of industry revenue in 2012. Electric guitars differ from traditional acoustic guitars because they use a pickup device to convert the vibration of their strings into electrical impulses. Once the vibration is converted to an electrical impulse, it is then sent through an amplifier before going to the speakers. The amplifier amplifies the sound, allowing it to be heard through speakers.
Similarly, acoustic guitars are expected to account for an equally significant portion of industry revenue at 29.5% in 2012. Unlike electric guitars, acoustic guitars use only an acoustic soundboard to transmit the strings' vibrational energy into the air... purchase to read more