Guitar repair shops in the US and Canada sell an average of $400,000 worth of guitar parts every year, according to a new study from Guitar Warehouse.
Guitar repair prices are rising, too.
Guitar Repair Magazine reports that online guitar repair shop Mirraw sells $800,000 of parts every day, including $200,000 in “new” guitars.
That’s an average price for every guitar sold by Mirraw.
Mirraw is a Guitar Warehouse subsidiary that provides guitar parts and repair services for customers in the United States and Canada.
Guitar Warehouse said it has about 3,000 customers in both countries.
Guitar repairs are typically done by an expert who can do custom repairs and repair parts on the spot.
The site has about 10,000 items on its website.
Guitar Store and Guitar Warehouse are owned by Gibson and Les Paul.
Gibson owns Les Paul, which is a popular brand in the U.S. and Canada and is part of Gibson Corp., which makes Gibson guitars.
Gibson shares rose more than 1% in after-hours trading after the study was published online Monday.
The study was based on data from the US Department of Justice, the Consumer Product Safety Commission, the National Highway Traffic Safety Administration, the U and V Transportation Safety Board, the American Society of Mechanical Engineers, the Professional Electrician, and the American Institute of Guitar Repair Professionals.
Guitar Shop and Guitar Repair magazine have a long history of publishing reliable information.
Guitar shops and repair shops have long been a key part of the American economy.
The Guitar Warehouse study found that there are about 15,000 guitar repair shops and 5,400 guitar repair companies in the country.
Guitar manufacturers have been pushing for greater competition in the guitar repair business.
In 2014, Gibson introduced the first “smart” guitar parts in more than 30 years.
The company says the products are more durable and less likely to break during use.
The new smart products come with built-in sensors that monitor parts and provide information about how well they’re performing.
Gibson also says that it has installed more than 4,000 sensors across the country to help consumers understand the extent of problems.
It’s unclear how many of these sensors are connected to other hardware, but the company said in a statement that it is “investigating all potential connectivity issues” and will work with customers to determine what’s causing problems.
Gibson has said that the new parts are more secure than its older, more common “smart,” “smartcore” and “smarttouch” guitar repair products.
Gibson, along with other manufacturers, are trying to push the limits of what a guitar can be repaired.
Guitarists have been calling on Gibson to make new products smarter and more secure.
The federal government is looking at whether to require new guitar products to include more security features.
Guitarist Steve Zawinul of New York City, who also wrote the study, said that Gibson has a long-term goal of becoming a trusted brand in both the U, Canada, and other countries.
Gibson’s stock price has been rising since the new smart guitar parts came out.
Gibson stock price rose more 1% to $52.88 in early trading Monday, while the NASDAQ index rose 1% and the S&P 500 index climbed 1%.
Gibson shares have gained 2% in 2017.