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NAICS Code 459140-03 Description (8-Digit)

Guitars (Retail) is a subdivision of the Musical Instrument and Supplies Retailers industry that specializes in the sale of guitars and related accessories. This industry involves the retail of a wide range of guitars, including acoustic, electric, and bass guitars, as well as guitar strings, picks, cases, and amplifiers. Guitars (Retail) stores may also offer repair and maintenance services for guitars.

Hierarchy Navigation for NAICS Code 459140-03

Tools

Tools commonly used in the Guitars (Retail) industry for day-to-day tasks and operations.

  • Guitar tuners
  • Capos
  • Guitar picks
  • Guitar straps
  • Guitar stands
  • Guitar slides
  • Guitar cables
  • Guitar pedals
  • Guitar humidifiers
  • Guitar polish and cleaners

Industry Examples of Guitars (Retail)

Common products and services typical of NAICS Code 459140-03, illustrating the main business activities and contributions to the market.

  • Acoustic guitars
  • Electric guitars
  • Bass guitars
  • Guitar strings
  • Guitar picks
  • Guitar cases
  • Guitar amplifiers
  • Guitar effects pedals
  • Guitar straps
  • Guitar stands

Certifications, Compliance and Licenses for NAICS Code 459140-03 - Guitars (Retail)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Musical Instrument Repair Technician Certification: This certification is offered by the National Association of Professional Band Instrument Repair Technicians (NAPBIRT) and is required for those who want to repair musical instruments professionally. The certification ensures that the technician has the necessary skills and knowledge to repair musical instruments safely and effectively.
  • Musical Instrument Appraisal Certification: This certification is offered by the American Society of Appraisers (ASA) and is required for those who want to appraise musical instruments professionally. The certification ensures that the appraiser has the necessary skills and knowledge to appraise musical instruments accurately and ethically.
  • Retail Sales Tax Permit: This permit is required for all businesses that sell goods or products directly to individual consumers for their personal use or consumption. The permit allows the business to collect and remit sales tax to the state.
  • Business License: This license is required for all businesses that operate within a specific city or county. The license ensures that the business is operating legally and is in compliance with local regulations.
  • Federal Trade Commission (FTC) Used Car Rule: This rule requires dealers to display a Buyers Guide in every used car they offer for sale, and to give it to buyers after the sale. The Buyers Guide discloses whether the vehicle comes with a warranty and, if so, what specific warranty coverage is provided.

History

A concise historical narrative of NAICS Code 459140-03 covering global milestones and recent developments within the United States.

  • The history of the "Guitars (Retail)" industry dates back to the 16th century when the first guitar was created in Spain. The guitar became popular in Europe and America in the 19th century, and by the 20th century, it had become one of the most popular musical instruments worldwide. In the 1950s, the electric guitar was invented, which revolutionized the music industry and led to the creation of new genres such as rock and roll. In recent years, the industry has seen the rise of online retailers, which has led to increased competition and the need for brick-and-mortar stores to adapt to changing consumer behavior. In the United States, the guitar industry has a rich history, with iconic brands such as Fender and Gibson leading the way. In the 1960s, the Beatles and other British bands popularized the guitar, leading to a surge in demand for guitars in the US. In the 1980s, the rise of MTV and music videos further increased the popularity of the guitar. In recent years, the industry has faced challenges due to changing consumer preferences and the rise of digital music. However, the industry has adapted by offering new products and services, such as guitar lessons and repair services, to attract customers.

Future Outlook for Guitars (Retail)

The anticipated future trajectory of the NAICS 459140-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Guitars (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of music and the rising number of music enthusiasts. The industry is also expected to benefit from the growing number of online sales channels and the increasing demand for high-quality guitars. However, the industry may face challenges due to the increasing competition from other musical instrument retailers and the rising popularity of digital music. Overall, the Guitars (Retail) industry is expected to continue to grow in the coming years, driven by the increasing demand for high-quality guitars and the growing number of music enthusiasts in the USA.

Industry Innovations for NAICS Code 459140-03

Recent groundbreaking advancements and milestones in the Guitars (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Online Sales Channels: The Guitars (Retail) industry has seen a significant increase in online sales channels in recent years. This has allowed retailers to reach a wider audience and has made it easier for customers to purchase guitars from the comfort of their own homes.
  • Customization Options: Many retailers now offer customization options for guitars, allowing customers to create their own unique instruments. This has become a popular trend in the industry and has helped to attract new customers.
  • Sustainable Materials: Some retailers are now using sustainable materials to create guitars, such as reclaimed wood and recycled materials. This has become an important trend in the industry as more customers are looking for environmentally friendly products.
  • Digital Technology: The use of digital technology in the Guitars (Retail) industry has increased in recent years. This includes the use of digital tuners, digital effects pedals, and digital recording equipment. This has helped to attract new customers and has made it easier for musicians to create and record music.
  • Vintage Guitars: The demand for vintage guitars has increased in recent years, with many collectors and musicians seeking out rare and unique instruments. This has created a new market for retailers and has helped to drive growth in the industry.

NAICS Code 459140-03 - Guitars (Retail)

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