alt Hacker NewsI expected the same out come you're saying here, but in my experience this hasn't been the case. I've been researching new acoustic guitars to purchase, and I've been getting an equal amount of suggestions from the major brands and the small brands.
Part of it though is I'm giving lots of context (e.g. guitar player for 10+ years, huge Opeth fan, looking for something with as close to an Ibanez style neck as possible under $1000)
I think guitars market is kind of exception because it is pretty normal for guitar players to search for "guitar like fender but cheaper". There are tons of reddit/forum discussions about this and those small brands are actually very well known in community, because majority of guitar players play on cheap instruments. Youtuber Phillip Mcknight often talked about that cheap guitars move in ridiculous volumes compared to more expensive ones like Gibson or Fender.