Market Overview:
The global vertical 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 digital pianos for learning and teaching applications, rising popularity of music as a form of entertainment, and growing number of professional musicians. In terms of type, the 118 key segment is expected to lead the global vertical digital piano market during the forecast period. This can be attributed to its growing demand from students and amateurs for learning various music genres. In terms of application, the performance segment is expected to lead the global vertical digital piano market during the forecast period.
Product Definition:
A Vertical Digital Piano is a type of digital piano that is designed to be played vertically, as opposed to horizontally. They are typically narrower in width than traditional digital pianos and have a shallower keyboard depth. This makes them more compact and easier to store when not in use. Vertical Digital Pianos are often used in small spaces, such as classrooms or practice studios, where their smaller size is advantageous.
118 Key:
Keyboards. The vertical digital piano is a keyboard instrument that has been evolving over the past few decades and has come to occupy an important position in the world of music technology. It is used as a regular piano but with extra features including recording, editing, playing back and printing out compositions easily.
147 Key:
The global vertical digital piano market size was valued at USD 6.5 million in 2016 and is expected to witness a growth of 8.2% over the forecast period. The increasing demand for these products due to their compact size and ability to provide rich, authentic acoustic sound experience is driving the industry growth.
Key features such as lightweight design, USB-MIDI interface support, realistic playing experience with full-size keyboard.
Application Insights:
The other application segment includes corporate, institutional and public use. The vertical digital piano is widely used in the performance of classical music as it provides a realistic experience to the player. Moreover, with the advent of technology, these instruments are also being used for live performances by famous pianists across various events and occasions. This has led to an increase in demand for such devices across all age groups including adult learners as well as children who are studying piano at school level or below.
The learning & teaching segment held around 60% market share in 2017 owing to its rising adoption by educational institutes and homes worldwide due to its low price coupled with high quality features that provide enhanced playing experience than traditional acoustic pianos do.
Regional Analysis:
North America dominated the global vertical digital piano market in 2017. The U.S., as well as Canada, are among the largest music-producing countries in the world. Rising demand for digital pianos to enhance keyboard skills and provide musical experiences comparable to those provided by acoustic instruments is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments from foreign companies and an increase in disposable income of consumers, especially millennials, which will lead them toward purchasing higher priced products such as a vertical digital piano with additional features and functions at home or at work centers along with video conferencing facilities that enable real-time interaction between participants across long distances through internet connectivity or high-speed wireless network connections.
Growth Factors:
- Increasing demand for digital pianos from the education sector
- Rising popularity of vertical digital pianos among professional musicians
- Proliferation of affordable and advanced features in vertical digital pianos
- Growing demand for home entertainment systems with integrated music players
- Increasing number of music schools and training institutes that offer specialized courses in piano playing
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical 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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Digital Piano Market Report Segments:
The global Vertical 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 Vertical 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 Vertical 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?
Vertical digital pianos are a type of electronic keyboard that has been designed to be played vertically. They typically have a shorter key travel than traditional keyboards, which makes them easier to play for people with smaller hands. Vertical digital pianos also often come equipped with features like weighted keys and pedalboards, which make them more versatile and customizable than traditional keyboards.
Some of the major companies in the vertical digital piano market are Yamaha, CASIO, Guangzhou Pearl River Piano Group, Samick, KORG, KAWAI, Roland, Ringway Tech, YOUNG CHANG, Xinghai Piano Group, Clavia.
The vertical digital piano market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical 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 Vertical Digital Piano Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical 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 Vertical 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 Vertical Digital Piano Market Size & Forecast, 2018-2028
4.5.1 Vertical Digital Piano Market Size and Y-o-Y Growth
4.5.2 Vertical Digital Piano Market Absolute $ Opportunity
Chapter 5 Global Vertical Digital 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 Vertical Digital Piano 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 Vertical Digital 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 Vertical Digital Piano 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 Vertical 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 Vertical 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 Vertical Digital Piano Analysis and Forecast
9.1 Introduction
9.2 North America Vertical Digital 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 Vertical Digital Piano 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 Vertical Digital Piano 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 Vertical Digital Piano Analysis and Forecast
10.1 Introduction
10.2 Europe Vertical Digital 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 Vertical Digital Piano 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 Vertical Digital Piano 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 Vertical Digital Piano Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertical Digital 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 Vertical Digital Piano 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 Vertical Digital Piano 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 Vertical Digital Piano Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertical Digital 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 Vertical Digital Piano 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 Vertical Digital Piano 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) Vertical Digital Piano Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertical Digital 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) Vertical Digital Piano 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) Vertical Digital Piano 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 Vertical Digital Piano Market: Competitive Dashboard
14.2 Global Vertical 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
