Market Overview:
The global modern piano market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for grand and upright pianos from music schools, increasing adoption of grand and upright pianos in homes, and growing popularity of classical music. In addition, the increasing disposable income of consumers is also contributing to the growth of the global modern piano market. On the basis of type, the global modern piano market can be segmented into upright pianos and grand pianos. Upright pianos are expected to account for a larger share than grand pianos in terms of revenue during the forecast period owing to their lower price point as compared to grand pianos.
Product Definition:
A modern piano is a type of piano that was invented in the 1800s. It has a metal frame and strings, which makes it louder than earlier pianos.
Upright Piano:
An upright piano is a piano that is stood on its rear legs. The term “upright” implies that the instrument has no leaning post or stool. Upright pianos were primarily made before the advent of music schools and formal teaching institutes, which led to increased sales of grands and uprights as they are considered more suitable for learning purposes.
Grand Piano:
The Grand piano is the largest and most prominent type of piano. It has a keyboard with 88 keys. The size and appearance of this instrument are responsible for its name. This large-sized instrument is generally used in orchestral music, recitals, chamber music as well as in the theatre to provide a powerful sound without competing with other instruments.
It produces an even tone throughout all registers due to it's larger scale length which makes it suitable for playing heavy chords.
Application Insights:
The concert hall application segment led the global modern piano market in 2017. This is attributed to the rising number of performances and concerts held worldwide. Furthermore, an increasing number of chamber music concerts has also boosted industry growth over the recent years. Increasing demand for live orchestral, vocal and band performances has resulted in a rise in demand for pianos that can be used in such settings as well as large halls or auditoriums.
Demand from residential applications is expected to witness significant growth over the forecast period owing to rising disposable income among consumers coupled with stable economic conditions across major regions including Asia Pacific and North America. Rising purchasing power along with increasing interest among amateurs towards home entertainment systems have contributed significantly towards industry growth over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing number of music schools and concerts held in countries, such as China, India, Japan, Singapore and Thailand. Furthermore, rising popularity of piano competitions and festivals also contributes to regional market growth. For instance; International Piano competition Bejing 2018 was held from 13th-26th October 2018 at The Venetian Resort Hotel & Casino Macau with around 300 pianists from across the world participating in this competition.
North America is expected to grow significantly over the forecast period owing to rise in demand for premium products coupled with growing trend of having a proper musical environment within homes across U.S., Canada and Mexico.
Growth Factors:
- Increasing demand for high-quality and customized pianos
- Rising disposable income of the population, especially in developing countries
- Proliferation of music education and training institutes
- Growing popularity of piano music as a form of personal expression
- Technological advancements that have led to the development of new and innovative pianos
Scope Of The Report
Report Attributes
Report Details
Report Title
Modern Piano Market Research Report
By Type
Upright Piano, Grand Piano
By Application
Concert Hall, Opera, Music School, Others
By Companies
Setinway, Bechstein, Boesendorfer, Rosler Piano, Baldwin, Fazioli, YAMAHA, YOUNG CHANG, Bluthner, SEILER, KAWAI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Modern Piano Market Report Segments:
The global Modern Piano market is segmented on the basis of:
Types
Upright Piano, Grand Piano
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Concert Hall, Opera, Music School, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Setinway
- Bechstein
- Boesendorfer
- Rosler Piano
- Baldwin
- Fazioli
- YAMAHA
- YOUNG CHANG
- Bluthner
- SEILER
- KAWAI
Highlights of The Modern Piano Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Upright Piano
- Grand Piano
- By Application:
- Concert Hall
- Opera
- Music School
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modern Piano Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A modern piano is a type of keyboard instrument that was first manufactured in the early 1800s. It has a different sound than traditional pianos, and is often used in jazz and classical music.
Some of the major companies in the modern piano market are Setinway, Bechstein, Boesendorfer, Rosler Piano, Baldwin, Fazioli, YAMAHA, YOUNG CHANG, Bluthner, SEILER, KAWAI.
The modern piano market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modern Piano Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Modern Piano Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modern Piano Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Modern Piano Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Modern Piano Market Size & Forecast, 2020-2028
4.5.1 Modern Piano Market Size and Y-o-Y Growth
4.5.2 Modern Piano Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Upright Piano
5.2.2 Grand Piano
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Concert Hall
6.2.2 Opera
6.2.3 Music School
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modern Piano Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modern Piano Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Upright Piano
9.6.2 Grand Piano
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Concert Hall
9.10.2 Opera
9.10.3 Music School
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Upright Piano
10.6.2 Grand Piano
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Concert Hall
10.10.2 Opera
10.10.3 Music School
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Upright Piano
11.6.2 Grand Piano
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Concert Hall
11.10.2 Opera
11.10.3 Music School
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Upright Piano
12.6.2 Grand Piano
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Concert Hall
12.10.2 Opera
12.10.3 Music School
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Upright Piano
13.6.2 Grand Piano
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Concert Hall
13.10.2 Opera
13.10.3 Music School
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modern Piano Market: Competitive Dashboard
14.2 Global Modern Piano Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Setinway
14.3.2 Bechstein
14.3.3 Boesendorfer
14.3.4 Rosler Piano
14.3.5 Baldwin
14.3.6 Fazioli
14.3.7 YAMAHA
14.3.8 YOUNG CHANG
14.3.9 Bluthner
14.3.10 SEILER
14.3.11 KAWAI
