Guitars

[xoxoxoBruce]

This is from 2015...

• Aggregate shipments of electric and acoustic guitars dip 0.7% to 2.47 million units.
•Retail value increased 7.0% to $1.07 billion, compared with $1.00 billion in the previous year. This is a reflection of an increase in guitar sales of over $1,000.
•Unit shipments of acoustic guitars and acoustic guitars with pick-up assemblies advanced 2.7% to 1.36 million units.
•Retail dollar value advanced 13.3% to $603.2 million.
•Shipments of electric guitars declined 4.6% to 1.10 million units, but the retail value of electric guitars declined only 0.3% to $467.1 million.
•Acoustic guitars saw an increase in sales for the 5th consecutive year, topping 1.2 million units sold for the highest levels of incoming revenue since 2004.
•The strength of acoustics has pushed its share of the market to 34.7%, a full 10 percentage points above electric guitars.
•Ukuleles account for 4% of the total guitar sales that occur every year.
•Acoustic guitars appear in the Billboard 200 2x more often today than electric guitars.
•Over the last 10 years, the average price of a guitar has risen by 48%. Unit sales are down 15% over that period of time, but retail sales are up 24.6% overall.
•The USA accounts for 40% of the global music trade.
•Germany and the United States makes up the biggest share of global sales.
•About 2.3 million guitars are sold in the United States every year.
•According to the US treasury, college-related debt has risen 275% since 2003, cutting into money that would be spent on guitars.
•In the UK, more than 750,000 guitars are sold every year, bringing in the equivalent of about $225 million on the currency conversion from pounds to dollars.
•Sales volumes in the UK are off by nearly 10% in a year over year basis.
•Fretted products dominate the industry, bringing in double the amount of the next music industry category, which is sound reinforcements.
•The total music industry value for instruments and associated products: $6.81 billion. That means about $1 out of every $6 is spent on guitars.