Market Overview:
The global grand digital piano market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for grand digital pianos from various applications such as learning and teaching, entertainment, performance, and other applications. In addition, the growing popularity of music among people is also contributing to the growth of this market.
Product Definition:
A Grand Digital Piano is a digital piano that has a grand-piano like keyboard and sound. A Grand Digital Piano is usually more expensive than other digital pianos, and can be used for performances or recordings.
118 Key:
Keyboards. The most important component of a piano is the keys, and 118 key digital piano has more than normal keyboards. It has extra low-pitched notes as well, making it easier to play songs with lower ranges. These pianos are also known as grands because they have much longer strings than baby pianos and are very heavy in weight compared to normal ones.
The growth factor for this segment is due to its advanced features such as realistic playing experience.
147 Key:
147 keys is a standard size for a keyboard. It has been used by many piano manufacturers and has become the industry standard. The main reason being its easy to hit notes without much effort, as it is in proportion with the human body.
The other advantage of this keyboard layout is that all the notes on this keyboard are at equal distance from each other, making it easier to learn as compared to others where some notes are far away and require extra pressure while playing them.
Application Insights:
The other application segment includes corporate, institutional and public use. The learning and teaching application is expected to be the largest segment owing to increasing demand for digital pianos in schools, colleges and universities. Digital pianos have been gaining popularity among students as it helps them practice for longer hours without getting bored. It has also been helping teachers improve their skills by providing real time feedback on their performance which was not possible earlier with analog keyboards. This factor is expected to drive the global demand over the forecast period thus creating opportunities for manufacturers of keywbrs such as Yamaha Corporation, Kawai Musical Instrument Co., Ltd., etc.
Regional Analysis:
North America dominated the global market in 2017. The U.S., as a country, has been witnessing an increase in the number of music schools and colleges over the past few years, which is expected to have a positive impact on regional growth over the forecast period. Furthermore, rising popularity of digital pianos for entertainment purposes is also likely to contribute toward industry growth in North America during the same period.
Asia Pacific region is anticipated to witness significant gains throughout the forecast period owing to increasing adoption of technology among consumers especially millennials and students alike across countries such as China and India.
Growth Factors:
- Increasing demand for digital pianos from the education sector as they are more affordable and easier to maintain than traditional acoustic pianos.
- Growing popularity of electronic music, which has led to an increase in demand for portable digital pianos that can be easily transported between gigs and studios.
- Advances in technology that have led to the development of more sophisticated and realistic sounding digital pianos, making them a popular choice for professional musicians and amateurs alike.
- The increasing affordability of high-quality digital pianos as competition among manufacturers drives down prices across the market.
- A growing number of people taking up piano lessons, which is driving demand for quality yet affordable instruments like digital pianos
Scope Of The Report
Report Attributes
Report Details
Report Title
Grand Digital Piano Market Research Report
By Type
118 Key, 147 Key, Other
By Application
LearningandTeaching, Entertainment, Performance, Other
By Companies
Yamaha, CASIO, Guangzhou Pearl River Piano Group, Samick, KORG, KAWAI, Roland, Ringway Tech, YOUNG CHANG, Xinghai Piano Group, Clavia
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Grand Digital Piano Market Report Segments:
The global Grand Digital Piano market is segmented on the basis of:
Types
118 Key, 147 Key, Other
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
LearningandTeaching, Entertainment, Performance, Other
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
- CASIO
- Guangzhou Pearl River Piano Group
- Samick
- KORG
- KAWAI
- Roland
- Ringway Tech
- YOUNG CHANG
- Xinghai Piano Group
- Clavia
Highlights of The Grand Digital 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:
- 118 Key
- 147 Key
- Other
- By Application:
- LearningandTeaching
- Entertainment
- Performance
- Other
- 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 Grand Digital 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?
The Grand Digital Piano is a digital piano that has been designed with an emphasis on performance. It features a high-quality sound system and advanced technology, making it perfect for both beginner and experienced pianists. Additionally, the Grand Digital Piano is easy to use and has an intuitive interface, making it perfect for anyone who wants to start playing the piano quickly and easily.
Some of the major companies in the grand digital piano market are Yamaha, CASIO, Guangzhou Pearl River Piano Group, Samick, KORG, KAWAI, Roland, Ringway Tech, YOUNG CHANG, Xinghai Piano Group, Clavia.
The grand digital 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 Grand Digital 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 Grand Digital Piano Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Grand Digital 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 Grand Digital 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 Grand Digital Piano Market Size & Forecast, 2020-2028
4.5.1 Grand Digital Piano Market Size and Y-o-Y Growth
4.5.2 Grand Digital 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
5.2.1 118 Key
5.2.2 147 Key
5.2.3 Other
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 LearningandTeaching
6.2.2 Entertainment
6.2.3 Performance
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Grand Digital 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 Grand Digital 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
9.6.1 118 Key
9.6.2 147 Key
9.6.3 Other
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 LearningandTeaching
9.10.2 Entertainment
9.10.3 Performance
9.10.4 Other
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
10.6.1 118 Key
10.6.2 147 Key
10.6.3 Other
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 LearningandTeaching
10.10.2 Entertainment
10.10.3 Performance
10.10.4 Other
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
11.6.1 118 Key
11.6.2 147 Key
11.6.3 Other
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 LearningandTeaching
11.10.2 Entertainment
11.10.3 Performance
11.10.4 Other
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
12.6.1 118 Key
12.6.2 147 Key
12.6.3 Other
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 LearningandTeaching
12.10.2 Entertainment
12.10.3 Performance
12.10.4 Other
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
13.6.1 118 Key
13.6.2 147 Key
13.6.3 Other
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 LearningandTeaching
13.10.2 Entertainment
13.10.3 Performance
13.10.4 Other
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 Grand Digital Piano Market: Competitive Dashboard
14.2 Global Grand Digital Piano Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamaha
14.3.2 CASIO
14.3.3 Guangzhou Pearl River Piano Group
14.3.4 Samick
14.3.5 KORG
14.3.6 KAWAI
14.3.7 Roland
14.3.8 Ringway Tech
14.3.9 YOUNG CHANG
14.3.10 Xinghai Piano Group
14.3.11 Clavia
