Is The Guitar Market Really Dying?
vintageguitarprice.com
vintageguitarprice.com
Perhaps the total number of guitars in circulation is enough? Businesses seem to think that there should be infinite growth forever, but that seems ridiculous to me. I don't think capitalism has a good answer to this problem. Obviously the manufacturers wish for people to buy more and more guitars every year or they go out of business. How can we reward them for a job well done now that more aren't needed?
I mean realistically, how many guitars does one need? I'm an amateur bass player. I have a cheap-ass practice bass and, if I get some pocket change, I may buy a $1500 professional bass. I would think that should last me for the next ten years or so. If I become a professional musician, I might buy more, but for your average slob, that's really not tenable.
I do admit if you're playing a bass guitar this rule isn't as applicable.
Well, he used to ask himself the same question. All these companies kept giving him free tools as a promotion. Especially routers. He had dozens of them. WTF do I need all these routers for?
It occurred to him that if at the start of a project you put a bit into a router and don't touch it until the end of the project, all of your routed edges will match exactly. Even if you screw up and have to redo a piece. So he kept enough routers to do that. He still gets teased about it by his coworkers though.
How did you tune yours exactly?
A high `B` string wouldn't last 10 minutes... I've seen schemes that have a G there, I went for two CGDAAE, which is not too hard a change from the usual guitar tuning (though I ultimately dedicated a guitar to that tuning, as did the GP).
1) Getting interested in a new style of music or a new technique
2) GAS (gear acquisition syndrome, something many musicians suffer from)
3) Wear out/damage
I'd probably buy a nice Les Paul Jr, Tele, or Ric, and it'd probably be my main guitar, but owning 10k+ worth of Les Pauls sounds boring.
I love my 360/6, but all the other guitars you list have unfinished fretboards.
Let me put on my capitalist apologist hat.
It used to be the case that people bought light bulbs regularly. When I grew up, my parents had a cache of incandescent light bulbs - then they started buying fluorescent lights and we replaced bulbs much less often. Now, they're starting to buy LED lights and I don' think an LED has ever 'burned out' on them.
The revenues are down, but as people shift from buying disposable light bulbs to durable light bulbs, they're willing to pay more for better bulbs.
So now manufacturers are competing on building better bulbs / bulbs that are more valuable. It's a really good thing for the world, we're using fewer resources and making a better product.
I don't know much about guitars but I'd bet it's better to make high quality guitars than low quality guitars right now. And you're absolutely right that we're getting closer to the 'right amount' of guitars in the world. At some point, we'll really only need to build guitars to replace ones that we lose.
The capitalist answer to businesses who count on infinite growth is "market correction". Either guitar makers will find a way to stay in business or they'll go bankrupt and free up resources for better use.
I'd defend the light industry as an example of creative destruction, candles and lanterns gave way to incandescent, florescent, and L.E.D.
I have no doubt that someone nerfed their incandescent bulbs to make more money, but that probably made it easier for people to buy alternatives so good riddence.
It's akin to oil - the oil producers had their day in the sun when it was $100 barrel but because it was $100/barrel, people started to talk about how to use less oil or extract hydrocarbons more cheaply.
Now we have electric cars and fracking. Sure, capitalism is the reason OPEC got greedy, but capitalism is the reason we explored alternatives.
If it's an ideology, capitalism is best practiced as 'understanding the questions' than 'knowing the answers'. The questions capitalists should ask are 1) how do I add value? 2) How do I capture enough value to invest in adding more value?
If they think the answer to their questions is "make enough money that it doesn't matter" they're going to walk the same road to hell that Enron, Worldcom, and Saudi Arabia find themselves on.
This is the exact same question my wife asks. About bicycles, too.
Well, I'll bet you bought at least one of those guitars, didn't you? Welcome to the capital market. If guitar makers can't sell guitars, and do something else instead, then that's no less capitalistic.
- "Learn Guitar": https://trends.google.com/trends/explore?date=all&q=learn%20...
- "Play Guitar": https://trends.google.com/trends/explore?date=all&q=play%20g...
- "Guitar vs Piano": https://trends.google.com/trends/explore?date=all&q=guitar,p...
It's an interesting shift to watch.
I can unequivocally say that they still care about valuing craftsmanship of their products. It may not be to the level of an individual craftsperson constructing a one-off instrument, but it is there.
At least, that's what I perceived while I was there. But take my words for whatever they're worth; I don't play guitar, nor did I take advantage of learning while I was there (part of me regrets not doing so, as the employee discounts were generous, but I still couldn't justify another potentially expensive hobby).
http://jerseygirlhg.com/composition/branches/spot/images/02....
https://static.wixstatic.com/media/2b245d_55366c7247ed436480...
Those will set you back roughly $6000 each though :(
Here's the trend for "music": https://trends.google.com/trends/explore?date=all&q=music
which is also decreasing. Is music dying?
Is that a rhetorical question?
Exhibit A: https://youtu.be/-toRUB2ctcY
And nearly every kid can afford a shitty chinese USB->MIDI controller and a cracked version of Live/Logic/FL Studio. The DAW and a controller is the weapon of choice for today's pop music industry. The fact that guitar is dying as "mainstream" shouldn't come as much of a surprise.
It's kind of like the smartphone market, the manufacturers have tried all the easy improvements (bigger screens, faster CPU's, better GPU's, thin bodies) but haven't tried the more difficult things (unusual sensors, regional peer-2-peer communication, serious FDA approved medical sensing/apps, light based communication, UWB links into IoT networks, etc.) Though AI chips may result in some significant new ideas. Maybe deep learning AI chips for guitars would rev the market? You teach your guitar some notes/chords and then it can generate different arrangements/timings/bends for you that actually sound interesting? Maybe not since deep learning can only mimic what it learns.
That said, anecdotally, kids today don't do adversity; they want instant gratification. Learning to play guitar takes time, lots of it. In the current climate a comeback seems pretty unlikely.
Maybe at least provide one of your anecdotes?
My experience:
In the 1990's, a kid given the video game "weapons station of a starship" probably starts pressing controls and blowing stuff up.
In 2014, a kid presented with the video game "weapons station of a starship" freezes and meekly waits for instruction from an adult.
Learning to do anything well takes a lot of time, so that statement is true == true. Learning to have fun with something often happens (and in the case of a guitar) quickly.
Lowering the barrier to accessing guitars, mixers, computers and software to get a recording up is the real challenge, because that takes cash.
Or maybe I just need new friends? Maybe their kids will be different? :)
Just try searching for advice on what guitar to buy, and you'll be inundated with people claiming that tiny little differences (e.g. rosewood vs maple fretboards or lacquer vs poly finishes on an electric) have huge effects on the overall sounds, which is clearly not true. The idea that there's always something better to buy drives some people to keep purchasing. I'm sure there's some degree of this with other instruments, but guitar seems to be particularly bad.
Your dad's fancy Paul Reed Smith guitar that cost $3000 will only be worth a fraction of that when a million other used PRS guitars flood the market.
It's an interesting prediction.
This could go the other way, as well: if sellers refuse to sell a certain kind of guitar on eBay, the price could become inflated.
You already have this in instrument markets for traditional music. Trad musicians are minorities in the general culture, but their market demand for once-mainstream mass produced instruments of yesteryear can still support prices. (Paolo Soprani B,C button accordion, anyone?) Sure, you still have the occasional find, where someone sells something for 1/10th the price they could have gotten out of ignorance.
I wonder if everyone is going to be satisfied with making music on a laptop? I also wonder if playing a guitar is ever going to stop getting people laid? If you have both of these conditions, then guitars might go the way of the Flageolett. Historically, "outdated" instruments flooding markets at bargain prices have tended to give rise to new musical opportunities in underprivileged communities. Occasionally, they give rise to new genres.
The point here being that it's an industry what are the American players have not modernized their manufacturing process... We live in an amazing age where you can own an extraordinary instrument for very little money.
[1] https://www.aliexpress.com/wholesale?minPrice=300&maxPrice=4...
I'm been playing for almost 30 years, and what I've seen in the last few ones is, I can buy a guitar for 300 bucks that beats anything that I owned as a teenager for that same price. And I'm not even touching the amp market, it's crazy what the same money can buy in terms of quality and flexibility.
I'm hesitant about this, but I'm half sure this deflactionaty process is going to actually popularize playing the guitar in the middle term.
A lot of guitars (PRS included) are now made cheaply overseas. They’re decent, but to me they’re still not good enough. I think they’re crap.
It’s a shame the industry has fallen, but the industry did this to itself. But rest assured, guitar rock will eventually make a comeback. Music trends in waves.
Will the guitar industry be ready when it does?
This was a music exec telling The Beatles' manager why he wouldn't sign them.
Both Electronic music production and guitars exist in the "music production and playing" market. It makes sense that they'd compete.
I learned guitar and never imagined that the instrument would fade but that's exactly what has happened. Electronic music and laptops are this generation's instrument of choice.
[1] https://www.forbes.com/sites/bobbyowsinski/2013/10/08/the-de...
1. The explosion in popularity of EDM in the mid 00's to early 10's, and the prevalence of EDM elements now dominating pop music rather than the notion of a backing band; most pop bands now feature a guitarist, but the guitar is secondary to synths and samples if it is heard at all.
2. The rise of hip-hop, mixtape culture online, and hip-hop focused rock music in the 90's and early 00's, shifted popular rock music and the cultural zeitgeist away from a focus on guitar-driven rock music. Once again samples and synths became the focus, even in punk music. This lead to a new focus: "indie" rock and the internet could make anyone with a laptop famous.
3. The general decline in rock music quality. I might be alone in this opinion, but popular rock music in the early 00's to today remains bland and the guitar equally so. This era also saw the rebirth of hardcore and more extreme forms of metal where the guitar remains the focus, and creativity abounds, but out of the public eye.