Is guitar losing popularity?

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The numbers are pretty shocking. In just the past decade, electric guitar sales have dropped by a third, from 1.5 million to a new average of just over 1 million. As you can imagine, this trend has been hell on small music stores, but even large music retailers have been experiencing pain due to waning guitar sales.

Is guitar becoming popular again?

A half-year into a pandemic that has threatened to sink entire industries, people are turning to the guitar as a quarantine companion and psychological salve, spurring a surge in sales for some of the most storied companies (Fender, Gibson, Martin, Taylor) that has shocked even industry veterans.

Are guitar sales declining?

U.S. guitar factories are also running at peak capacity with production booked well into 2022.” As a result of the excess demand, Majeski reports that retail profit margins have also risen (good news for your local guitar store, if not for your wallet).

Is guitar cool again?

Guitars and bass are making a comeback in popular music. The charts started to fill up with processed “trap” beats and everything began to sound very digital. We even lost the human voice with the overuse of auto-tune. The warmth of real instruments had been lost forever, or so it seemed.

How is the guitar industry doing?

Global guitar sales had been at their highest ever, increasing from $8 billion in 2019 to roughly $9.2 billion in 2020. That’s an overall increase of 15% in one year, which, in most markets, would be considered extraordinary. In 2020, $1.67 billion worth of guitars were sold in the US alone, that’s up 6.4% from 2019.

Are musical instruments dying?

A once vibrant musical instruments business has slowly lost its lustre, according to traders, musicians and market analysts. The decline in sales is due to a host of factors, including a lack of interest among youths and fewer fairs and other cultural events across the country.

Which country buys the most 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.

Are guitar prices rising?

Guitar Sales Continue To Soar Despite Price Increases, Supply Issues. The COVID pandemic has brought with it supply-chain issues to nearly every industry.

What guitars are good investments?

American Gibson and Fender guitars from the 1950s and 1960s are among the most valuable, though vintage Rickenbackers (favored by The Beatles, The Byrds and Tom Petty) have made big strides in recent years. On the acoustic side, Martin, Gibson and Guild rank as highly prized brands.

Are guitar sales increasing?

Will guitar music make a comeback?