Market Overview:
The global acoustic grand piano market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into 5000$ below, 5000-10000$, 10000$ above. Among these segments, 10 000 $aboveis expected to register highest CAGR during the forecast period owing to increasing demand for high-end acoustic grand pianos from professional musicians and music aficionados across the globe.
Product Definition:
An acoustic grand piano is a type of piano that uses gravity to produce sound. The strings are stretched across a large, hollow box, which amplifies the sound. Grand pianos are generally larger than other types of pianos and can be more expensive. They are often used in concert halls and other performance venues.
5000$ Below:
The acoustic grand piano is the most prominent and in-demand musical instrument among consumers. The demand for this instrument has been on a rise since the last few decades owing to its rich, full, and mellow tone quality. It produces a varied range of sounds depending upon the pianist’s proficiency. An acoustic grand piano can be defined as an upright piano with heavy strings that produce a deeper bass tone than those played by an electric keyboard or other keyboards with which they are combined.
5000-10000$:
The price range 5000-10000$ is for acoustic grand piano. The cost of a new acoustic grand ranges from USD 150,000 to over USD 300,000. An average sized living room can accommodate up to 60 square meters for a new piano; the size of an acousticgrandpiano depends on its type and construction materials used (solid or framed).
Pianos costing less than 5K are usually made using wood.
Application Insights:
The performance application segment accounted for the largest share of over 70.0% in 2017. The demand for acoustic grand pianos has been rising steadily due to an increase in the number of performances by professional pianists and also due to a rise in interest among amateurs regarding playing piano. In addition, many music schools, colleges and universities have been introducing these instruments to their students as it is more affordable than other types of keyboards and also helps develop finger independence which is very helpful for kids learning how to play the piano on their own.
Acoustic grand pianos are widely used by teachers across various levels as well as institutions including conservatories, studios and training centers where they provide accompaniment or backing tracks while teaching lessons or conducting rehearsals.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing number of piano players and rising popularity of live music. China, India, Japan, South Korea and Taiwan are some of the countries that have a high concentration of pianos due to growing demand from local consumers as well as tourists.
North America is also anticipated to grow significantly over the next eight years owing to increased focus on learning an instrument along with other benefits such as improved hand-eye coordination and confidence building for kids. Upright grand pianos are more expensive than other types but their prices are decreasing gradually dueSto innovations in technology used in manufacturing these instruments along with growing competition between key manufacturers including Yamaha Corporation; Kawai Musical Instruments Co., Ltd.; & Bosendorfer Piano GmbH & Co., KG; Schimmel & Bachmann Musikinstrumente AG; Erard de Paris Inc.
Growth Factors:
- Increasing demand for acoustic grand pianos from professional musicians and music institutes
- Rising disposable income of the population in developing countries
- Proliferation of online music platforms and growing popularity of acoustic grand piano performances on digital media
- Technological advancements in acoustic grand piano manufacturing that result in superior sound quality and longer product life spans
- Growing interest among young people in learning to play the acoustic grand piano
Scope Of The Report
Report Attributes
Report Details
Report Title
Acoustic Grand Piano Market Research Report
By Type
5000$ Below, 5000-10000$, 10000$ Above
By Application
Performance, Learning and Teaching, Entertainment, Others
By Companies
Yamaha, Steinway, Kawai, Samick, Bechstein, Mason & Hamlin, August Förster, Bösendorfer, Suzuki Corporation, Shanghai Mendelssohn Piano, Yamaha, Harmony Piano, Youngchang, Pearl River Pianos, Hailun Pianos
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Acoustic Grand Piano Market Report Segments:
The global Acoustic Grand Piano market is segmented on the basis of:
Types
5000$ Below, 5000-10000$, 10000$ Above
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
Performance, Learning and Teaching, Entertainment, 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:
- Yamaha
- Steinway
- Kawai
- Samick
- Bechstein
- Mason & Hamlin
- August Förster
- Bösendorfer
- Suzuki Corporation
- Shanghai Mendelssohn Piano
- Yamaha
- Harmony Piano
- Youngchang
- Pearl River Pianos
- Hailun Pianos
Highlights of The Acoustic Grand 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:
- 5000$ Below
- 5000-10000$
- 10000$ Above
- By Application:
- Performance
- Learning and Teaching
- Entertainment
- 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 Acoustic Grand 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?
An acoustic grand piano is a large, heavy instrument that is played with the hands. It has a soundboard that is covered in felt and metal strings that are stretched over an open frame. The keys are made of wood and are attached to the keyboard by metal pins.
Some of the major companies in the acoustic grand piano market are Yamaha, Steinway, Kawai, Samick, Bechstein, Mason & Hamlin, August F¶rster, B¶sendorfer, Suzuki Corporation, Shanghai Mendelssohn Piano, Yamaha, Harmony Piano, Youngchang, Pearl River Pianos, Hailun Pianos.
The acoustic grand 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 Acoustic Grand 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 Acoustic Grand Piano Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acoustic Grand 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 Acoustic Grand 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 Acoustic Grand Piano Market Size & Forecast, 2018-2028
4.5.1 Acoustic Grand Piano Market Size and Y-o-Y Growth
4.5.2 Acoustic Grand Piano Market Absolute $ Opportunity
Chapter 5 Global Acoustic Grand Piano 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 Acoustic Grand Piano Market Size Forecast by Type
5.2.1 5000$ Below
5.2.2 5000-10000$
5.2.3 10000$ Above
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Acoustic Grand Piano 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 Acoustic Grand Piano Market Size Forecast by Applications
6.2.1 Performance
6.2.2 Learning and Teaching
6.2.3 Entertainment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acoustic Grand 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 Acoustic Grand 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 Acoustic Grand Piano Analysis and Forecast
9.1 Introduction
9.2 North America Acoustic Grand Piano 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 Acoustic Grand Piano Market Size Forecast by Type
9.6.1 5000$ Below
9.6.2 5000-10000$
9.6.3 10000$ Above
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 Acoustic Grand Piano Market Size Forecast by Applications
9.10.1 Performance
9.10.2 Learning and Teaching
9.10.3 Entertainment
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 Acoustic Grand Piano Analysis and Forecast
10.1 Introduction
10.2 Europe Acoustic Grand Piano 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 Acoustic Grand Piano Market Size Forecast by Type
10.6.1 5000$ Below
10.6.2 5000-10000$
10.6.3 10000$ Above
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 Acoustic Grand Piano Market Size Forecast by Applications
10.10.1 Performance
10.10.2 Learning and Teaching
10.10.3 Entertainment
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 Acoustic Grand Piano Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Acoustic Grand Piano 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 Acoustic Grand Piano Market Size Forecast by Type
11.6.1 5000$ Below
11.6.2 5000-10000$
11.6.3 10000$ Above
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 Acoustic Grand Piano Market Size Forecast by Applications
11.10.1 Performance
11.10.2 Learning and Teaching
11.10.3 Entertainment
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 Acoustic Grand Piano Analysis and Forecast
12.1 Introduction
12.2 Latin America Acoustic Grand Piano 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 Acoustic Grand Piano Market Size Forecast by Type
12.6.1 5000$ Below
12.6.2 5000-10000$
12.6.3 10000$ Above
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 Acoustic Grand Piano Market Size Forecast by Applications
12.10.1 Performance
12.10.2 Learning and Teaching
12.10.3 Entertainment
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) Acoustic Grand Piano Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Acoustic Grand Piano 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) Acoustic Grand Piano Market Size Forecast by Type
13.6.1 5000$ Below
13.6.2 5000-10000$
13.6.3 10000$ Above
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) Acoustic Grand Piano Market Size Forecast by Applications
13.10.1 Performance
13.10.2 Learning and Teaching
13.10.3 Entertainment
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 Acoustic Grand Piano Market: Competitive Dashboard
14.2 Global Acoustic Grand Piano Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamaha
14.3.2 Steinway
14.3.3 Kawai
14.3.4 Samick
14.3.5 Bechstein
14.3.6 Mason & Hamlin
14.3.7 August Förster
14.3.8 Bösendorfer
14.3.9 Suzuki Corporation
14.3.10 Shanghai Mendelssohn Piano
14.3.11 Yamaha
14.3.12 Harmony Piano
14.3.13 Youngchang
14.3.14 Pearl River Pianos
14.3.15 Hailun Pianos
