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Acoustic & Electric Guitar Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Acoustic & Electric Guitar Manufacturing Market Research Report | Consumer Goods & Services | Leisure Product Manufacturing | Oct 2012

Strumming along: Current growth will continue through 2017 at a strong and steady rate

IBISWorld’s Acoustic & Electric Guitar Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Fender Musical Instruments Corporation Fender Musical Instruments Corporation market share
Gibson Guitar Corporation Gibson Guitar Corporation market share
Industry Statistics & Market Size
Revenue
$969m
Annual Growth 07-12
-4.9%
Annual Growth 12-17
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Profit
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Employment
4,904
Businesses
224
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Acoustic & Electric Guitar Manufacturing Industry?

This industry manufactures acoustic and electric guitars. Operators that manufacture guitar amplifiers and accessories are also included in this industry.

Industry Products
Acoustic guitarsElectric guitarsBass guitarsAmplifiers and accessories
 
Industry Activities
Acoustic guitarElectric guitarElectric bass guitarAcoustic bass guitarAmplifiers and other guitar accessories


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