$785.4m
$XX.Xm
3,331
184
$XXX.Xm
Acoustic and electric guitar manufacturers producers have endured significant volatility in recent years. Most consumers consider guitars luxury products, making sales reliant on favorable macroeconomic conditions. In recent years, new guitar sales have been negatively impacted by heightened economic uncertainty, weaker disposable income and high inflation, all of which encourage consumers to postpone discretionary purchases. New guitar sales benefited from higher demand in 2021, as consumers took more guitar lessons during the pandemic. These gains, however, failed to make up revenue losses. These trends have contributed to revenue falling at an estimated CAGR of 1.6% to $785.4 million through the end of 2024, including a 7.9% drop that year alone.
Industry revenue has declined at a CAGR of 1.6 % over the past five years, to reach an estimated $785.4m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Fender Musical Instruments Corp | 251.5 | 12.1 | 4.8 | |
Gibson Guitar Corp. | 157.2 | 3.1 | 2.0 | |
C. F. Martin & Co., Inc. | 74.1 | 2.2 | 3.0 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Acoustic guitars, Electric guitars and Accessories. Acoustic guitars is the largest segment of the Acoustic & Electric Guitar Manufacturing in the US.
Consumers have tons of options for guitars
This industry manufactures acoustic and electric guitars. Operators that manufacture guitar amplifiers and accessories are also included in this industry.
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NAICS 33999 - Acoustic & Electric Guitar Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
When the economy's shaky, people hold off on buying guitars, seeing them as luxury items. In recent years, elevated inflation and uncertainty have led many to push back buyin...
Learn about an industry's products and services, markets and trends in international trade.
Acoustic guitars are the go-to choice for many consumers. These guitars are convenient and need fewer accessories to play, making them perfect for beginners and on-the-go mus...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The West is a popular spot for guitar producers because of its access to major ports. Producers in the region can easily receive supplies and ship out guitars, simplifying tr...
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Fender and Gibson use their established brand reputation to succeed in the guitar market. High-priced US-made guitars are long-lasting, discretionary purchases, so consumers ...
Learn about the performance of the top companies in the industry.
Fender is expanding into digital music with new product launches and strategic acquisitions. Their first turntable targets modern DJs, while their merger with PreSonus Audio ...
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Due to extensive legal regulations, guitar manufacturers must source materials ethically. They must also be knowledgeable about CITES, the Lacey Act, and the Gibson Act to co...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
When the economy's shaky, people hesitate to buy guitars. High inflation and weak disposable income mean fewer people are splurging on new instruments, placing downward press...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Acoustic & Electric Guitar Manufacturing in the US industry in United States is $785.4m in 2024.
There are 184 businesses in the Acoustic & Electric Guitar Manufacturing in the US industry in United States, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Acoustic & Electric Guitar Manufacturing in the US industry in United States has been declining at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Acoustic & Electric Guitar Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Acoustic & Electric Guitar Manufacturing market in United States are Fender Musical Instruments Corp, Gibson Guitar Corp. and C. F. Martin & Co., Inc.
Acoustic guitar manufacturing and Electric guitar manufacturing are part of the Acoustic & Electric Guitar Manufacturing in the US industry.
The company holding the most market share in United States is Fender Musical Instruments Corp.
The level of competition is high and increasing in the Acoustic & Electric Guitar Manufacturing in the US industry in United States.