Acoustic & Electric Guitar Manufacturing
The Acoustic and Electric Guitar Manufacturing industry experienced growth over the five years to 2018, despite mixed performance overall. Guitars are considered discretionary purchases by most and are extremely sensitive to changes in overall economic conditions and consumer tastes as a result. Increasing per capita disposable income and consumer confidence levels underpinned demand for industry products during the period, which benefited demand for industry products and stimulated revenue growth. However, the rising value of the US dollar over the past five years made domestically manufactured guitars less affordable for foreign consumers, which negatively affected revenue from exports during the period and constrained total industry revenue. Over the five years to 2023, the industry is expected to continue along a constrained growth path. Furthermore, as studio equipment and software remain popular in mainstream music, guitar manufacturers will continue to experience competition from producers of new music technologies.
This industry manufactures acoustic and electric guitars. Operators that manufacture guitar amplifiers and accessories are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.