Background buzz: Declining exports have neutralized growth from increasing disposable income

The Acoustic and Electric Guitar Manufacturing industry has experienced solid growth over the five years to 2017. Increasing per capita disposable income has underpinned demand for industry products. Additionally, as conditions improved, consumers chose to buy high-end guitars, benefiting industry revenue and profit margins. However, the rising value of the dollar over the past five years has made domestically manufactured guitars less affordable for foreign consumers, negatively affecting export revenue. Over the five years to 2022, the industry is expected to continue growing. Revenue growth is expected to be driven by rises in per capita disposable income. However, industry growth will be constrained by import penetration...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • An increase in per capita disposable income will spur demand for industry products
  • Producers of standard guitars have found it hard to compete with overseas competitors in terms of price
  • Domestic manufacturers that cater to high-end markets are expected to benefit
  • 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.WestThe West region is expected to account for the largest number of establishments with 26.0% of operators. The...purchase to read more.

    Additional Insights for the Acoustic & Electric Guitar Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Acoustic & Electric Guitar Manufacturing Industry are

  • Ability to quickly adopt new technology
  • Access to high quality inputs
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Demand from musical instrument and supplies stores and Per capita disposable income in the Acoustic & Electric Guitar Manufacturing industry impact industry performance..

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    What's in this report

    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 guitars
  • Electric guitars
  • Accessories
  • Amplifiers
  • Industry Activities
  • Acoustic guitar
  • Electric guitar
  • Electric bass guitar
  • Acoustic bass guitar
  • Amplifier and other guitar accessory
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from musical instrument and supplies stores
  • Per capita disposable income
  • Trade-weighted index
  • Price of sawmill lumber
  • Time spent on leisure and sports

  • Current Performance
  • Consumer demand
  • Trade’s important role
  • High-end demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Market demand
  • The guitar trade
  • Industry challenges
  • Table: Acoustic & Electric Guitar Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Acoustic & Electric Guitar Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Musical Instrument & Supplies Stores
  • Consumers

  • Key Selling Industries
  • Electronic Part & Equipment Wholesaling
  • Industrial Supplies Wholesaling
  • Sawmills & Wood Production

  • Products & Services
  • Acoustic guitars
  • Electric guitars
  • Accessories
  • Amplifiers
  • Chart: Acoustic & Electric Guitar Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Music stores
  • Mass merchants and online and catalog retailers
  • Third party distributors
  • Chart: Major Market Segmentation for the Acoustic & Electric Guitar Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Acoustic & Electric Guitar Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Acoustic & Electric Guitar Manufacturing Industry

  • Industry Globalization
    Fender Musical Instruments Corporation, Gibson Guitar Corporation, C.F. Martin & Co., Taylor Guitars,
  • Table: Fender Musical Instruments Corporation - financial performance
  • Table: Gibson Guitar Corporation - financial performance
  • Table: C.F. Martin & Co. - financial performance
  • Table: Taylor Guitars - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Acoustic & Electric Guitar Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Acoustic & Electric Guitar Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Acoustic Guitar
  • A guitar that uses only an acoustic sound board to transmit the strings' vibrational energy to the air in order to produce a sound.
  • Amplifier
  • An amplifier converts the barely audible or purely electronic signal from musical instruments such as an electric guitar or electric bass into an electronic signal capable of driving a loudspeaker.
  • Electric Guitar
  • A guitar that uses a pickup to convert the vibration of its strings into electrical impulses.
  • Pickup
  • A device that captures mechanical vibrations from electric guitars.
  • What Our Customers Say

    Why buy this report?

    The Acoustic & Electric Guitar Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Acoustic & Electric Guitar Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Acoustic & Electric Guitar Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Acoustic & Electric Guitar Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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